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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL METAL RESOURCES LTD. |
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Registered Office : |
C/o Buttar.HK Ltd. Unit G, 1/F., |
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Country : |
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Date of Incorporation : |
10.09.2010 |
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Com. Reg. No.: |
52939590 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Silicon metal, manganese metal, magnesium metal and ferro alloys, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GLOBAL METAL
RESOURCES LTD.
ADDRESS: c/o Buttar.HK Ltd.
Unit G, 1/F., Mau Lam Commercial Building,
16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
E-MAIL: pradeep@globalmetalresources.net
contact@globalmetalresources.net
Managing Director: Mr. Pradeep
Rampuria
Incorporated on: 10th
September, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Buttar.HK Ltd.
Unit G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong.
China Office:-
Room 505, Vili International Building, 167 Linhe West Road,
Tianhe District, Guangzhou, Guangdong Province, China.
[Tel/Fax: 86-20-8520 7372
E-mail: bmicn@yahoo.cn
Associated Company:-
Base Metal International FZE, UAE.
52939590
1503601
Managing Director: Mr. Pradeep
Rampuria
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 10-09-2011)
|
Name |
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No. of shares |
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Pradeep RAMPURIA |
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5,000 |
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Mohit SURANA |
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5,000 |
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|
–––––– |
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Total: |
10,000 ===== |
(As per registry dated 10-09-2011)
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Name (Nationality) |
Address |
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Pradeep RAMPURIA |
57/2F., Diamond Harbour Road, Kolkata 23, India. |
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Mohit SURANA |
1/1, Lord Shina Road, Natraj Building, Flat 10D, Kolkata 71, India. |
(As per registry dated 10-09-2011)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial
Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong. |
0975326 |
The subject was incorporated on 10th September, 2010 as a private
limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Silicon
metal, manganese metal, magnesium metal and ferro alloys, etc.
Employees: Nil.
Commodities Imported: China, India, Russia, South America, etc.
Markets: Worldwide.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Global Metal
Resources Ltd. is equally owned by Mr. Pradeep Rampuria and Mr. Mohit Surana,
both of whom are Indian. They are also directors
of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit G, 1/F., Mau
Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong
Kong known as Buttar.HK Ltd. which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
The subject has no employees in Hong Kong.
The subject is one of the leading suppliers of silicon metal, manganese
metal, magnesium metal and ferro alloys.
Its associated company Base Metal International FZE [Base Metal] is in
the United Arab Emirates. The subject
also has set up an office in Guangzhou, Guangdong Province, China.
Base Metal is widely known in Asian countries for its base metal
business particularly Nickel and Tin, etc.
The subject has made investments in China. It also has developed a privileged
relationship with its supplying factories located in various places across the
globe including China. It is likely that
the subject’s China firm deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. The China firm also
exports commodities to foreign markets under the name of the subject and its registered
address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year and
seven months.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.