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Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ALOVERA EXPORTS CO. LTD. |
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Registered Office : |
Room 905, Workingberg Commercial Building, 41-47 Marble Road |
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Country : |
Hong Kong |
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Date of Incorporation : |
020.09.2009 |
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Com. Reg. No.: |
51106326 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler Textile 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 |
|
|
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 : |
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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
ALOVERA
EXPORTS CO. LTD.
c/o Hongkong
King&Krin Business Ltd.
Room 905,
Workingberg Commercial Building, 41-47 Marble Road, Hong Kong.
PHONE: 2811 3620
FAX: 2811 3621
E-MAIL: alovera_exports@yahoo.com
Managing
Director: Mr. Sajnani Deepak Kumar
Incorporated on: 2nd September, 2009.
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: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
ALOVERA
EXPORTS CO. LTD.
Registered
Office:-
c/o Hongkong
King&Krin Business Ltd.
Room 905,
Workingberg Commercial Building, 41-47 Marble Road, Hong Kong.
Associated
Companies:-
MyStery (UK)
International Group Ltd., UK.
Shaoxing Alovera
Exports Co. Ltd., China.
51106326
1369229
Managing
Director: Mr. Sajnani Deepak Kumar
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 02-09-2011)
|
Name |
|
No.
of shares |
|
Chander
Khialdas DEVJANI |
|
5,000 |
|
Sajnani DEEPAK KUMAR |
|
5,000 |
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|
|
––––– |
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|
Total: |
10,000 ===== |
(As per registry dated 02-09-2011)
|
Name (Nationality) |
Address |
|
Sajnani DEEPAK
KUMAR |
Padam Nagarkhandwa M.P. India. |
|
Chander Khialdas
DEVJANI |
F/5, Mohan Flats, Near Bhaira Wnath
Charrasta, Maninagar, Ahmedabad (Gujarat), P.I.N. 380008, India. |
(As per registry dated 02-09-2011)
|
Name |
Address |
Co.
No. |
|
Hongkong
King&Krin Business Ltd. |
Room 905, Workingberg Commercial Building, 41-47 Marble Road, Hong
Kong. |
0996994 |
The
subject was incorporated on 2nd September, 2009 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: Textile products, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: India, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
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: 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: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
Having
issued 10,000 ordinary shares of HK$1.00 each, Alovera Exports Co., Ltd. is
equally owned by Mr. Chander Khialdas Devjani and Mr. Sajnani Deepak
Kumar. Both are India. Being India passport holders, they do not
have the right to reside in Hong Kong permanently. 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 “Room
905, Workingberg Commercial Building, 41-47 Marble Road, Hong Kong” known as
“Hongkong King&Krin Business Ltd.” [King&Krin] which is handling its
correspondences and documents.
King&Krin is also the corporate secretary of the subject.
The
subject has no employees in Hong Kong.
Your
given phone and fax number 2811 3620 and 2811 3621 respectively belong to
King&Krin.
Your
given another phone number 86-159-2585 7498 is a China mobile phone line. This line belongs to Mr. Sajnani Deepak
Kumar. We can reach him at this phone
number.
According
to Kumar, he has got a firm in Shaoxing City, Zhejiang Province, China known as
Shaoxing Alovera Exports Co. Ltd. [Shaoxing Alovera]. Shaoxing Alovera is also owned and operated
by the shareholders of the subject.
Shaoxing Alovera is a textile product trader. It is trading in all kinds of home textile
products. Most of the commodities are
sourced from the suppliers of Shaoxing City.
Currently, Shaoxing Alovera has five employees in China. The prime markets are India, other Asian
countries and Europe.
Apart
from the subject, Chander Khialdas Devjani has set up a firm known as MyStery
(UK) International Group Ltd. [MyStery] in the United Kingdom. It is a home textile product trader.
Shaoxing
Alovera is also the sole agent of MyStery’s products in China. Most of the commodities are claimed to be
high-end and made in the United Kingdom.
Shaoxing
Alovera is responsible for marketing MyStery’s products in Shanghai, and
Eastern China.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is about three years.
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.55.38 |
|
|
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.