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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLIGATOR HONG KONG LTD. |
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Registered Office : |
C/o Sinova Corporate Services Ltd. Room 3603-3606, 36/F., Windsor House, 311 Gloucester Road, Causeway Bay |
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Country : |
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Date of Incorporation : |
07.03.2007 |
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Com. Reg. No.: |
37717199 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Trading in valves, couplings and nozzles, fire fighting equipment,
fire hoses, packing and jointing products, marine sanitary products, rubber
products, acrylic and gauge glass, door and hatchcover packing products,
glass fibre and insulation products, adhesives and sealing products, welding
and cutting equipment, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office in |
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Payment Behaviour : |
Unknown |
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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) |
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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 |
ALLIGATOR HONG
KONG LTD.
ADDRESS:
Registered Office:-
c/o Sinova Corporate Services Ltd.
Room 3603-3606, 36/F., Windsor House, 311 Gloucester Road, Causeway Bay,
Hong Kong.
[Tel: 3180 0432; Fax: 2861 3327
Holding Companies:-
E. Ruberg Holding B.V., the Netherlands.
Stichting Particulier Fonds Farmhouse, Netherlands Antilles.
Associated Companies:-
AAH Alligator B.V., the Netherlands.
Alligator China Co. Ltd., China.
37717199
1113527
7th March, 2007.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
(As per registry dated 07-03-2012)
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Name |
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No. of shares |
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E. Ruberg Holding B.V. Opperduit 452, 2941 At, Lekkerkerk, The Netherlands. |
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49 |
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Stichting Particulier Fonds Farmhouse Berg Arrarat 1, Curacao, Netherlands Antilles. |
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51 |
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Total: |
100 === |
(As per registry dated 07-03-2012)
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Name |
Address |
Co. No. |
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Well Channel Ltd. |
Room 3603-3606, 36/F., Windsor House, 311 Gloucester Road,
Causeway Bay, Hong Kong. |
0810380 |
(As per registry dated 07-03-2012)
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Name |
Address |
Co. No. |
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Sinova Corporate Services Ltd. |
Room 3603-3606, 36/F., Windsor House, 311 Gloucester Road,
Causeway Bay, Hong Kong. |
1123369 |
Alligator Hong Kong Ltd. was incorporated on 7th March, 2007 as a
private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 3603-3606, 36/F., Windsor House, 311
Gloucester Road, Causeway Bay, Hong Kong known as Well Channel 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.
According to the Companies Registry of Hong Kong, the subject has issued
100 ordinary shares of HK$1.00 each of which 49% are owned by E. Ruberg Holding
B.V., a Holland-registered firm, and 51% are owned by Stichting Particulier
Fonds Farmhouse [Stichting], also a Holland-based organization.
The subject is trading in the following products: valves, couplings and
nozzles, fire fighting equipment, fire hoses, packing and jointing products,
marine sanitary products, rubber products, acrylic and gauge glass, door and
hatchcover packing products, glass fibre and insulation products, adhesives and
sealing products, welding and cutting equipment, etc.
The subject is a dynamic technical one stop wholesale company in
maritime, industrial and welding products.
It is established in the port area of Rotterdam of Holland and Shanghai
of China. The Holland firm is known as
AAH Alligator B.V. while the China firm is known as Alligator China Co. Ltd.
The subject sells more than 15,000 different articles comprises the
well-known A-brands, supplemented with its own products.
Stichting is a private foundation.
A foundation in the Netherlands (Stichting) is a legal person created
through a legal act. This act is usually
either a notarised deed (or a will) that contains the articles of the
foundation which must include the first appointed board. No government authority is involved in the
creation or authorization of a foundation, it acquires full legal capacity
through its sole creation. A foundation
has no members and its purpose must be stated in its articles, using capital
dedicated to such goal. The foundations
are defined in the Dutch Civil Code (Burgerlijk Wetboek), Boek 2 Art 285‑304. It is not necessary in the Netherlands that a
foundation serves a purpose of general interest, but its official goal cannot
include making payments to anybody, except for charitable causes. The foundations are governed and represented
by a board that is responsible for its administration, this board has not a
requirement for specific number of members.
It is likely that the China or Holland firm deal with foreign parties
under the name of the subject and let foreign firms correspond with the
subjects registered address in Hong Kong.
The Alligator firms also exports commodities to foreign markets under
the name of the subject and its registered address in Hong Kong.
The history of the subject in Hong Kong is just over five years and a
month.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
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|
1 |
Rs.81.94 |
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Euro |
1 |
Rs.67.65 |
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 SCs 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.