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Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
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Name : |
STAR TOBACCO INTERNATIONAL HONG KONG LTD. |
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Registered Office : |
C/o OCRA (Hong Kong) Ltd. Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central
Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.07.2010 |
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Com. Reg. No.: |
52658112 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of tobacco, etc. |
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No. of Employees : |
Nil. |
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 : |
Small Company |
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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 – September 30, 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 |
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Off-credit |
D |
STAR TOBACCO
INTERNATIONAL HONG KONG
LTD.
ADDRESS: c/o OCRA (Hong Kong) Ltd.
Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central,
Hong Kong.
PHONE: 2522 0172, 3102
5722
FAX: 2522 4720
E-MAIL: orca@orca.com.hk
Managing Director: Mr. Mohamed
Iqbal Lambat
Incorporated on: 21st
July, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,000.00
Issued: HK$1,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o OCRA (Hong Kong) Ltd.
Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central,
Hong Kong.
Associated Company:-
Star Tobacco International Inc., Turkey.
52658112
1483073
Managing Director: Mr. Mohamed
Iqbal Lambat
Nominal Share Capital: HK$1,000.00 (Divided into 1,000 shares of HK$1.00
each)
Issued Share Capital: HK$1,000.00
(As per registry dated 21-07-2011)
|
Name |
|
No. of shares |
|
Mohamed Iqbal LAMBAT |
|
1,000 ==== |
(As per registry dated 21-07-2011)
|
Name (Nationality) |
Address |
|
Mohamed Iqbal LAMBAT |
Ulus Vadi Konutlari C2 D3, Ulus Istambul 34343, Turkey. |
(As per registry dated 21-07-2011)
|
Name |
Address |
Co. No. |
|
First Secretaries Asia Ltd. |
Unit 3908, 39/F., Two Exchange Square, 8 Connaught Place,
Central, Hong Kong. |
0316976 |
The subject was incorporated on 21st 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.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of tobacco, etc.
Employees: Nil.
Commodities Imported: Turkey, etc.
Markets: India,
China, 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$1,000.00 (Divided into 1,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000.00
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: Too
early to comment.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Star Tobacco International Hong Kong Ltd. is wholly-owned by
Mr. Mohamed Iqbal Lambat who is a Switzerland passport holder but residing
in Turkey. He does not have the right to
reside in Hong Kong permanently. He is also
the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 3905-3908, 39/F., Two Exchange Square,
8 Connaught Place, Central, Hong Kong known as OCRA (Hong Kong) Ltd.
which is handling its correspondences and documents. Its associated company First Secretaries Asia
Ltd. is the corporate secretary of the subject.
First Secretaries Asia Ltd. is also located at the above-mentioned
address.
The subject has no employees in Hong Kong.
The subject is an associated company of Star Tobacco International Inc.
[STI] which is a Turkey-based firm.
STI’s mission is to partner exclusively with Medium sized companies in
the provision of tobacco and services for the long term.
STI has established itself directly with major indigenous
producers/processors to remove traders and leaf merchants from the supply chain
thereby allowing STI to source at best prices and to ensure that medium sized
companies that choose to work with it will always have security of tobacco
supply for the long term. Over the past
years, STI has supported tobacco farmers substantially.
Now, STI is exporting its products to India, China, other Asian
countries, the Middle East, Europe, etc.
Business is rather active.
Besides, the subject, STI has had associated companies in Mauritius,
South Africa, India, etc.
The subject’s business in Hong Kong is not active. History in Hong Kong is over a year and six
months.
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.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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.