MIRA INFORM
REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ASIDA
GENERAL TRADING LTD. |
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Registered Office : |
Flat B, 1/F., |
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Country : |
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Date of Incorporation : |
31.05.2010 |
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Com. Reg. No.: |
52382795 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of kitchen ware, stainless steel products, garments, dried nuts and foodstuffs, etc. |
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No. of Employees
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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 : |
Moderate |
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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) |
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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 |
ASIDA GENERAL TRADING LTD.
Flat B, 1/F., Harmony Court, 127 Bonham Strand East, Sheung Wan, Hong Kong.
PHONE: Not available
FAX: Not available
Managing Director: Mr. Abdul Lathif Kareem
Incorporated on: 31st May, 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:-
Flat B, 1/F., Harmony Court, 127 Bonham Strand East, Sheung Wan, Hong Kong.
Associated Company:-
Asida General Trading Ltd. (LLC), UAE.
52382795
1462497
Managing Director: Mr. Abdul Lathif Kareem
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 31-05-2011)
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Name |
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No. of shares |
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Abdul Lathif Kareem |
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10,000 ===== |
(As per registry
dated 31-05-2011)
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Name (Nationality) |
Address |
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Abdul Lathif Kareem |
No. 183/2, Bazaar Street, Kadugudi, Bangalore 560067, India. |
(As per registry
dated 31-05-2011)
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Name |
Address |
Co.
No. |
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Akin Professionals Ltd. |
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong. |
1273165 |
The subject was incorporated on 31st May, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered office was located at 20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong where is the operating office of Akin Professionals Ltd. The subject moved to the present address in March 2012.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of kitchen ware, stainless steel products, garments, dried nuts and foodstuffs,
etc.
Employees: Nil.
Commodities Imported: India, Pakistan, Singapore, Hong Kong and China.
Markets: Asian countries, UAE, Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, 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: --
Having issued 10,000 ordinary shares of HK$1.00 each, Asida General Trading Ltd. is wholly owned by Abdul Lathif Kareem who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject does not have its own operating office. Its registered address is in a private building located at Flat B, 1/F., Harmony Court, 127 Bonham Strand East, Sheung Wan, Hong Kong. This is supposed to be residence of Abdul Lathif Kareem when he is in Hong Kong. The residential building is not trespassed by outsiders. The subject has no employees in Hong Kong.
Your given phone number 852-2541 4224 belongs to Akin Professionals Ltd. which is the subject’s corporate secretary.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.
The subject has had an associated company Asida General Trading Ltd. (LLC) [Asida] in Dubai, the United Arab Emirates. This firm is also operated by Abdul Lathif Kareem.
Asida, incorporated on 16th February, 1999, has its head office located at 506, Al Jawara Building Bank Street - Bur Dubai, the United Arab Emirates. It is engaged in general merchandises trading. Goods are imported from various countries as well as procured from domestic market for the export and sale in the domestic market. It is importing commodities from India, Pakistan, Singapore, Hong Kong and China. Prime markets are the United Arab Emirates and European countries. The subject carries food commodities, garments and the steel utensils. It is also likely that Asida deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Asida 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 eleven 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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.50 |
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UK Pound |
1 |
Rs.81.99 |
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Euro |
1 |
Rs.67.54 |
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 |
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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.