MIRA INFORM
REPORT
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Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TRADEHUBB
LTD. |
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Registered Office : |
c/o Fanssi
Leading Ltd., Unit A & B, 15/F., |
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Country : |
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Date of Incorporation : |
03.02.2010 |
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Com. Reg. No.: |
51783057 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Plastic Products, Arts and Crafts, Electronic Products, Sundry Products, etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s 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 Hong Kong |
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Payment
Behaviour : |
--- |
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Litigation : |
--- |
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 |
TRADEHUBB LTD.
c/o Fanssi
Leading Ltd.
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2838 6085
FAX: 2833 6261
E-MAIL: sales@tradebubb.com
Managing Director: Mr. Krishna Kumar Jinka
Incorporated on: 3rd February, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
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 Fanssi
Leading Ltd.
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
Associated
Company:-
Tradehubb Pvt. Ltd., India.
51783057
1419035
Managing Director: Mr. Krishna Kumar Jinka
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry
dated 03-02-2012)
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Name |
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No. of shares |
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Krishna Kumar JINKA |
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75,000 |
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Swathi JINKA |
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25,000 |
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––––––– |
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Total: |
100,000 ====== |
(As per registry
dated 03-02-2012)
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Name (Nationality) |
Address |
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Krishna Kumar JINKA |
H. No. 16-2-145/D/2, Judges Colony, New Malakpet, Hyderabad-500036, Andhra Pradesh, India. |
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Swathi JINKA |
H. No. 16-2-145/D/2, Judges Colony, New Malakpet, Hyderabad-500036, Andhra Pradesh, India. |
(As per registry
dated 03-02-2012)
|
Name |
Address |
Co.
No. |
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Fanssi Leading Ltd. |
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong. |
1036848 |
The subject was incorporated on 3rd February, 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: Plastic Products, Arts and Crafts, Electronic Products, Sundry Products, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: India, other Asian countries, Europe, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
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 100,000 ordinary shares of HK$1.00 each, Tradehubb Ltd. is jointly owned by Mr. Krishna Kumar Jinka, holding 75% interests; and Mr. Swathi Jinka, holding 25%. Both of the Jinkas are Indian. They are India passport holders and do not have the right to reside in Hong Kong permanently. They are also directors of the subject. Currently, the Jinkas are in India.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong known as Fanssi Leading 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.
Krishna Kumar Jinka can be reached at his mobile phone number 91‑9966552261. According to K. K. Jinka, the subject is trading in all kinds of commodities as entrusted by customers. However, it is specialized in the following products: electronic products, plastic products, arts and crafts, electric appliances, sundry products, hardware, etc.
The Jinkas are operating another firm known as Tradehubb Pvt. Ltd. [India Tradehubb] which is in India. India Tradehubb and the subject are engaged in the same lines of business.
The history of the subject in Hong Kong is just over two years and two 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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.23 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.68.84 |
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.