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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PAN INTERNATIONAL LIMITED |
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Registered Office : |
Flat 6F, 1/F., Fu |
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Country : |
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Date of Incorporation : |
04.05.2007 |
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Com. Reg. No.: |
51926572 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer,
Exporter and Wholesaler of all kinds of Diamonds and Jewellery Products, etc. |
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No. of Employees : |
2 |
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 : |
Under New Management |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Pan International Limited
Address: Flat 6F, 1/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
Phone: Not Available
Fax: Not Available
Managing
Director: Mr. Anil Batwara
Incorporated
on: 4th May, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employees: 2.
Main Dealing
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Satisfactory.
Registered Head Office:- Flat 6F, 1/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
51926572
1129510
Managing
Director: Mr. Anil Batwara
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 04-05-2011)
|
Name |
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No.
of shares |
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Rajesh CHOUDHARY |
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10,000 ===== |
(As
per registry dated 29-03-2012)
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Name (Nationality) |
Address |
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Anil BATWARA |
Flat A, 11/F., Tower 6, One Silver Sea, 18
Hoi Fai Road, Tai Kok Tsui, Kowloon, Hong Kong. |
(As
per registry dated 04-05-2011)
|
Name |
Address |
Co.
No. |
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Buttar.HK
Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
0975326 |
The subject was incorporated on 4th May, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Diamond Crown Engineering Ltd., name changed to the present style on 15th March, 2010.
Formerly the subject was located at c/o Buttar.HK Ltd., Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong, moved to the present address on 29th 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 diamonds and
jewellery products, etc.
Employees: 2.
Commodities
Imported: India, other Asian countries, etc.
Markets: Hong Kong, other Asian
countries, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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: Kept a balance account in the past two
years.
Condition: Business is under development.
Facilities: Adequate for current running.
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, Pan International Ltd. was wholly owned by Mr. Zaib Un Nisa Ali who was an Indian. On 4th October, 2010, he transferred all his shares to Rajesh Choudhary who is also an Indian. He is currently residing in India. The only director of the subject has changed to Mr. Anil Batwara. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. He is handling the subject’s business.
Formerly the subject did not have its own operating office. Its registered office was in a commercial service firm located at Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which had handled its correspondences and documents. Buttar.HK Ltd. is also the corporate secretary of the subject.
The subject moved to the present address in March, 2012.
The subject is a diamond importer, exporter and wholesaler. It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds. Commodities are chiefly imported from India. After processing in Hong Kong or China, finished products are marketed in Hong Kong, exported to Japan, Taiwan and the other Asian countries.
The subject has changed hands just for a year and six months.
On the whole, consider the subject good for business engagements on secured basis for the time being.
COURT CASES:
None as per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
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|
1 |
Rs.84.66 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.