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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
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Name : |
INTEXPORT |
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Registered Office : |
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
12.12.1987 |
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Com. Reg. No.: |
10548309-000-05 |
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Legal Form : |
Sole Ownership. |
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Line of Business : |
Importer, Exporter and Wholesaler of Stainless Steel, Raw materials, Metal, and Finished Products, etc. |
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No. of Employees : |
10. (Including Sole
Owner) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INTEXPORT
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2735 7758, 2735 7759
FAX: 2730 0946, 2730 1817
E-MAIL: general@amersonic.com
Manager: Mr. Madhur Dugar
Establishment: 12th December, 1987.
Organization: Sole Ownership.
Capital: Not disclosed
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: HK$35~40 million (Including Sole Owner)
Employees: 10. (Including Sole Owner)
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
Head Office:-
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
Sister Companies:-
Texchemie, Hong Kong.
[BR No. 10548309-001]
Nippon Unitech Industrial Co., Hong Kong. (Business Ceased)
[BR No. 10548309-002]
Concentra, Hong Kong. (Business Ceased)
[BR No. 10548309-004]
Alwynco, Hong Kong. (Business Ceased)
[BR No. 10548309-005]
Far East Test and Measurement Systems Co., Hong Kong.(Business Ceased)
[BR No. 10548309-006]
Amersonic International, Hong Kong.
[BR No. 10548309-007]
Lightex, Hong Kong. (Business Ceased)
[BR No. 10548309-008]
Alpine Silk, Hong Kong. (Business Ceased)
[BR No. 10548309-009]
Success Engineering, Hong Kong.
[BR No. 10548309-010]
Hong Kong Yaten, Hong Kong. (Business Ceased)
[BR No. 10548309-011]
Shanghai Shibang Machinery Co., Hong Kong. (Business Ceased)
[BR No. 10548309-012]
Great China Alliance, Hong Kong.
[BR No. 10548309-013]
Sabko International, Hong Kong.
[BR No. 10548309-014]
Polychemin, Hong Kong. (Business Ceased)
[BR No. 10548309-015]
Associated
Companies:-
Amersonic International Ltd., Hong Kong. (Same address)
Ginda Industries Ltd., Hong Kong. [Dissolved]
10548309-000-05
Manager: Mr. Madhur Dugar
Contact Person: Mr. Ritesh Dugar
Unisilk Ltd., Hong Kong.
(See attachment)
The subject was established on 12th December, 1987 as a sole ownership firm with Unisilk Ltd. as the proprietor under the Hong Kong Business Registration Regulations.
Apart from these, neither material change nor amendment has
been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Stainless Steel, Raw materials, Metal, and Finished Products, etc.
Employees: 10. (Including Sole Owner)
Commodities Imported: China, India, Russia, etc.
Markets: Asia, Europe, etc.
Annual Turnover: HK$35~40 million (Including Sole Owner)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Capital Provider: Provided by Sole Owner.
Profit or Loss: Sole owner makes a profit every year.
Condition: Keeping in an active condition.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Good.
Intexport is one of the wholly-owned subsidiaries of Unisilk Ltd. [Unisilk] which is a Hong Kong-registered firm.
The subject and Unisilk share the same operating office. The subject has been a steel and metal trader since 1986.
With more than two decades of experience, Intexport is now one of the trustworthy suppliers for various different grades of stainless steel and metal in Asia. Besides Hong Kong, its offices are in Foshan and Shenzhen Special Economic Zone of China, India, Vietnam. The subject also operates its own factories and it also has strong links with some of the largest producers and therefore it is able to provide cost-efficient supplies of various types of metal ranging from different grades in stainless steel and carbon steel. These include coils, sheets, pipes, strips and circles, metal products and utensils, etc. Concerning stainless steel products, the subject trades in cold rolled and hot rolled for grades 201, 202, 400 series and 304.
The subject is
trading in the following commodities:-
1. Supplies all grades including 201 series, 300 series, 400 series;
2. Supplies thickness from 0.16mm - 6mm in Coils in 2B finish, Thickness 0.18mm - 1.5mm in circles, and 2.5mm - 30mm in HR coils and plates;
3. Supplies width from 30mm -1500mm depending on the grade needed by customers;
4. Supplies SS like Hinges, Sinks, cutlery, flexible SS pipes, round bars, etc.
5. Supplies all finishes like No.1 finish, 2B, BA, 6K, 8k, No.4, HL and PVD coloured stainless steel;
6. Supplies PCM/PPGI used for appliances manufacturing in cut to size sheets with width above 600mm and coils; &
7. Supplies carbon steel Cold rolled coils with width above 600mm.
According to the subject, it exports about 3,000 MT of stainless steel every month.
It has developed good relationship with large mills in Asia.
In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in China. For instance, it is going to take part in “112th Canton Fair, Guangzhou, Phase 1 (Autumn 2012) which will be held in Guangzhou, Guangdong Province, China during the period of 15 to 19th October, 2012.
Incorporated on 9th May, 1986, Unisilk is experienced in sourcing a wide range of products catering many different industries. It is trading in many different kinds of products such as electronics, electric appliances, electrical products, marble, building materials, grinding machinery, stationery, skin care products, silk and silk fabrics, chemicals, etc.
Unisilk has set up a number of subsidiaries in order to trade different products while the subject is one of them.
Owned by the Dugar family, Unisilk has set up offices in India, Guangzhou, Shenzhen Special Economic Zone of China, Vietnam, etc.
According to Unisilk, it is able to source commodities directly from the factories and export the commodities by itself.
Unisilk is a member of The Indian Chamber of Commerce Hong Kong, a based organization.
The business of Unisilk is active.
The directors of Unisilk are Mr. Sajjan Dugar and Mr. Madhur Dugar. Both of whom are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.
The annual sales turnover of Unisilk ranges from HK$35 to 40 million. Making a small profit every year.
The history of Unisilk in Hong Kong is over twenty-five years.
On the whole, in view of the subject’s parentage, consider it good for normal business engagements.
UNISILK LTD.
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
10548309
0169007
9th May, 1986.
Nominal Share Capital: HK$39,400,000.00 (Divided into 394,000 shares of HK$100.00 each)
Issued Share Capital: HK$39,400,000.00
(As per registry
dated 09-05-2012)
|
Name |
|
No. of shares |
|
Madhur DUGAR |
|
122,442 |
|
Sajjan DUGAR |
|
271,558 |
|
|
|
––––––– |
|
|
Total: |
394,000 ====== |
(As per registry dated
09-05-2012)
|
Name (Nationality) |
Address |
|
Madhur DUGAR |
A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong Kong. |
|
Sajjan DUGAR |
A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong Kong. |
(As per registry
dated 09-05-2012)
|
Name |
Address |
Co.
No. |
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong. |
0113023 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.