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Report Date : |
01.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BELIN
INTERNATIONAL LTD |
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Registered Office : |
c/o Prima Secretaries
Ltd., |
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Country : |
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Date of Incorporation : |
31.08.2011 |
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Com. Reg. No.: |
58964228 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of pesticides and agrochemicals, 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 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
Hong Kong - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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Source : CIA |
BELIN INTERNATIONAL LTD.
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
PHONE: 2376 3611
FAX: 2376 5115
E-MAIL: info@belininternational.hk
Managing Director: Mr. Jaideep Krishna
Incorporated on: 31st August, 2011.
Organization: Private Limited Company.
Capital: Nominal: US$20,000.00
Issued: US$20,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
Holding Company:-
Parijat Industries (India) Private Ltd., India.
Associated
Companies:-
Anand Foundation, India.
Parijat Crop Protection (India) Pvt. Ltd., India.
58964228
1661318
Managing Director: Mr. Jaideep Krishna
Nominal Share Capital: US$20,000.00 (Divided into 20,000 shares of US$1.00 each)
Issued Share Capital: US$20,000.00
(As per registry
dated 31-08-2012)
|
Name |
|
No. of shares |
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Parijat Industries (India) Private Ltd. M-77, 1/F. & 2/F., M-Block Market, Greater Kailash Part-II, New Delhi-110048, India. |
|
20,000 ===== |
(As per registry
dated 31-08-2012)
|
Name (Nationality) |
Address |
|
Jaideep KRISHNA |
Flat C, 24/F., Amber Garden, 70-72 Kennedy Road, Hong Kong. |
|
Abhaya Kumar GUPTA |
908 BWT., Charwood, FBO. 0, India. |
(As per registry
dated 31-08-2012)
|
Name |
Address |
Co.
No. |
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Prima Secretaries Ltd. |
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong. |
0569406 |
The subject was incorporated on 31st August, 2011 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: All kinds of pesticides and agrochemicals, etc.
Employees: Nil.
Commodities Imported: India, Asian countries, etc.
Markets: Asian countries, Russia, Eastern and Western Europe, etc.
Terms/Sales: As per contracted.
Terms/Buying: Prepayment, L/C, etc.
Nominal Share Capital: US$20,000.00 (Divided into 20,000 shares of US$1.00 each)
Issued Share Capital: US$20,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
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.
Belin International Ltd. is a wholly-owned subsidiary of Parijat Industries (India) Private Ltd. [Parijat] which is an India-based firm.
The directors of the subject are Mr. Jaideep Krishna and Mr. Abhaya Kumar Gupta, both of whom are Indian. The former is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. He is also the managing director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at “Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong” known as “Prima Secretaries Ltd.” [Prima] which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. Your given phone and fax number 2376 3611 and 2736 5115 belong to Prima.
The subject has no employees in Hong Kong. However, the subject’s business in Hong Kong is handled by Jaideep Krishna who is currently residing in Hong Kong.
The subject is a Hong Kong based international buying house of a wide range of pesticides and agrochemicals. It has extensive network of associate offices in the United States, Russia, the United Kingdom and CIS.
The subject is
trading in the following products:-
Emamectin Benzoate 1% CS, EW, 5% ME, WDG, WSG, 6% WDG, 10% EC
l
2,4-D Amine salt
48% SL, 60% SL, 72% SL;
l
Abmectin 1.8% EC,
3.6% EC;
l
Acetamiprid 20%
SP;
l
Acetochlor 90EC;
l
Atrazine 500g/l
SC, 80% WP;
l
Beta-cypermethrin
5 EC;
l
Buprofezin 25 WP;
l
Carbendazim 50
WP;
l
Carbendazim 50%
SC, 50% WP, 80% WP;
l
Carbofuron 3% GR,
5% GR, 10% GR;
l
Chlorpyrifos 48
EC;
l
Chlorthalonil 40%
SC, 45% FU, 75% WP;
l
DDVP 50% EC, 80%
EC;
l
Diazinon 50% EC,
600g/l EC;
l
Dimethoate 40 EC;
l
Emamectin
Benzoate 2% EC;
l
Gibberellic Acid
20SP;
l
Gibbrellic Acid
2% SL, 4% SL, 10% TB, 10% SP, 20% TB;
l
Glyphosate 41%
SL, 62% TK;
l
Iprodione 50% WP;
l
Lambda 2.5% EC,
5% EC, 10% EC;
l
Malathion 45% EC,
57% EC, 70% EC;
l
Mancozeb 43% SC,
80% WP, 85% WP;
l
Mancozeb 64% +
Metalaxyl 8% WP;
l
Metalaxyl 25% WP,
35% WP, 50% WP;
l
Oxyfluorfen
240g/l EC;
l
Paraquat 20% SL,
250g/l SL;
l
Paraquat 20% SL,
42% TK;
l
Pendimethelin 33%
EC. 45% CS;
l
Pyraclostrobin
25EC;
l
Sulfur 45% WP,
80% WDG;
l
Thiophenate-methyl
5% WP, 500g/l SC, 70% WP;
l
Tribeneuron-methyl
10% WP, 75% WDG;
l
Trifluralin 48% EC;
l
Alachlor 48EC;
l
Bromoxynil
Octanoate 22.5EC;
l
Clopyralid 10EC;
l
Cyhalofop-butyl
20EC;
l
Fenoxaprop-p-ethyl
12EC, 6.9EW;
l
Imazethapyr 10SL;
l
Metribuzin 70WP;
&
l
Quinclorac 25EC,
75WDG.
Parijat is carrying the same products as the subject. The subject and Parijat belong to the Parijat Group in India. Parijat is specialized in Ecto‑Parasiticidal formulations for Livestock and Companion-Animals. Its veterinary medicines for control of ecto-parasites constitute a vital aid in Animal health worldwide. It also trades in different ecto-parasites affect animals in diverse parts of the globe and include mange mites, blowflies, keds, lice, fleas and ticks.
For the Livestock sector, Parijat’s brands provide effective control of economically important ecto-parasites, ensuring optimal production and supply of high quality dairy produce, beef and mutton. Its range of high quality brands also includes ecto parasiticidal products for companion animals such as dogs and cats.
Parijat’s products include Alphacypermethrin, Amitraz, Cypermethrin, Deltamethrin, Fipronil, Permethrin, Flumethrin. These Veterinary liquid preparations for external applications include, Dip concentrates, Pour on preparations, Shampoos, Spot-on preparations, Sprays.
The products of the subject and Parijat are exported to Asian countries, Russia, Eastern and Western Europe, etc. Business is still under development.
The history of the subject in Hong Kong is just over a year.
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 |
|
US Dollar |
1 |
Rs.54.53 |
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UK Pound |
1 |
Rs.87.48 |
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Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.