MIRA INFORM REPORT

 

 

Report Date :           

07.02.2012

 

IDENTIFICATION DETAILS

 

Name :

KMC  TRADING  CO.  LTD.

 

 

Registered Office :

Flat C, 6/F., Kai Fat Building, 204-210 Wing Lok Street, Sheung Wan

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

29.07.2010

 

 

Com. Reg. No.:

52696138

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of dried aquatic products, etc.

 

 

No. of Employees :

03

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

KMC  TRADING  CO.  LTD.

 

 

Company ADDRESS

 

Flat C, 6/F., Kai Fat Building, 204-210 Wing Lok Street, Sheung Wan, Hong Kong.

PHONE:                        6904 6255

FAX:                 2291 0096

E-MAIL:                        info@kmctrading.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Mohsin Javid Fatta

 

 

SUMMARY

 

Incorporated on:             29th July, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   3.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Flat C, 6/F., Kai Fat Building, 204-210 Wing Lok Street, Sheung Wan, Hong Kong.

 

Associated Company:-

KMC Enterprise, India.

 

 

BUSINESS REGISTRATION NUMBER 

 

52696138

 

COMPANY FILE NUMBER

 

1486658

 

 

MANAGEMENT

 

Managing Director:  Mr. Mohsin Javid Fatta

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDERS

(As per registry dated 29-07-2011)

 

Name

 

No. of shares

Javid Ebrahim FATTA

 

5,000

Mohsin Javid FATTA

 

5,000

 

 

––––––

 

Total:

10,000

=====

 

DIRECTORS  

(As per registry dated 29-07-2011)

 

Name

(Nationality)

 

Address

Javid Ebrahim FATTA

Flat B, 4/F., Kimley House, 1-3 Kimberley Street, Tsimshatsui, Kowloon, Hong Kong.

 

Mohsin Javid FATTA

Flat B, 4/F., Kimley House, 1-3 Kimberley Street, Tsimshatsui, Kowloon, Hong Kong.

 

 

SECRETARY

(As per registry dated 29-07-2011)

 

Name

Address

Co. No.

Innovative Human Resources Outsourcing Partners Ltd.

Unit 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai, Hong Kong.

1150948

 

 

HISTORY

 

The subject was incorporated on 29th July, 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.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of dried aquatic products, etc.

 

Employees:                   3.

 

Commodities Imported:   Japan, Southeast Asia, India, South America, etc.

 

Markets:                       Hong Kong, China, other Asian countries, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

FINANCIAL INFORMATION

 

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:                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.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, KMC Trading Ltd. is equally owned by Mr. Mohsin Javid Fatta and Mr. Javid Ebrahim Fatta.  They are also directors of the subject.

The subject is a dried aquatic product trader.  The two shareholders have over 30 years of experience in this industry.  It is specialized in sourcing fish maws, shark fin and various other dried seafood.  The subject is one of the leading importers and exporters of dried seafood in Hong Kong.  Its clients include wholesalers, retailers, restaurants in China, Hong Kong and Macau.  It imports dried seafood directly from India, Bangladesh, Pakistan, Sri Lanka, the Middle-East, Indonesia, South Africa, Latin America, Australia and New Zealand.

The subject carries the following commodities: beche de mer, conger cinereus, croaker fish, otolithoides biauritus, palynemus tetradactylum, protonibea diacanthus, dried fish maws such as cat fish maws, dara fish maws, eel fish maw, ghol fish maws, ling fish maws, nile perch maws, dried sea cucumber, vam fish maws, dried shark fins, Indian salmon and all other types of dry fish, etc.

The two shareholders, both of whom are Indian, belong to the Fatta family.  They are not Hongkongnese but they are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.

The subject has had an associated company KMC Enterprise which is in India.  The subject and KMC Enterprise are engaged in the same lines of business.

The history of the subject in Hong Kong is just over a year and six months.

On the whole, since the history of the subject is short, consider it good for normal business engagements on secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.68

UK Pound

1

Rs.76.75

Euro

1

Rs.63.57

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.