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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TATA SOUTH-EAST ASIA
LTD |
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Registered Office : |
Unit 6-8, 25/F., |
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Country : |
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Date of Incorporation : |
22.09.1992. |
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Com. Reg. No.: |
16128131 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Textiles, garments, automotive
products, engineering spares |
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No. of Employee: |
20. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 |
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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 |
COMPANY NAME &
ADDRESS
TATA
SOUTH-EAST ASIA LTD.
ADDRESS:
Unit 6-8, 25/F.,
PHONE: 2272 5400, 2751 9747,
2751 1802, 2624 9521
FAX:
2759 6332, 2754 6672, 2755 5806
E-MAIL: agoel@tatahk.com
MANAGEMENT
General Manager: Mr. Ashwani Kumar Goel
SUMMARY
Incorporated on: 22nd
September, 1992.
Organization: Private
Limited Company.
Capital: Nominal: HK$16,000,000.00
Issued: HK$8,510,700.00
Business Category: Marketing Office.
Employees:
20.
Main Dealing Bankers: State Bank of
The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Unit 6-8, 25/F.,
Representative Offices:
Parent Company:-
Tata International Ltd.
Block A, Shivsagar Estates, Dr.
[Tel: 91-22-6665 2200-10; Fax: 91-22-6661 2833]
Affiliated Companies:-
Tata Group of Companies
Consilience Technologies (Pty) Ltd.,
Drive India Enterprise Solutions Ltd.,
Tata (UAE) FZE, UAE.
Tata (
Tata (
Tata Africa Holdings (SA) Pty. Ltd.,
Tata Africa Ltd.,
Tata AG,
Tata AIG General Insurance Company,
Tata AIG Life Insurance Company,
Tata Ceramics Ltd.,
Tata Chemicals Ltd.,
Tata Daewoo Commercial Vehicle Company,
Tata Engineering Ltd.,
Tata Engineering Services (Pte) Ltd.,
Tata Enterprises (Overseas) AG,
Tata Ghana Ltd.,
Tata Holdings (
Tata Holdings Mocambique Limitada.,
Mocambique.
Tata Housing Development Company,
Tata Inc.,
Tata Industries Ltd.,
Tata Information Technology (
Tata International (
Tata International (
Tata International AG,
Tata International DLT Pvt. Ltd.,
Tata International Ltd.,
Tata International Ltd.,
Tata International Ltd.,
Tata International Ltd.,
Tata International Ltd.,
Tata Investment Corporation,
Tata Ltd.,
Tata Motors Ltd.,
Tata Nambia (Pty) Ltd., Nambia.
Tata NYK Shipping Pte. Ltd.,
Tata Power Trading Company,
Tata Precision Industries (
Tata Precision Industries (
Tata Precision Industries Pte. Ltd.,
Tata Services Ltd.,
Tata Sons Ltd.,
Tata South Africa Holdings (SA) (Pty) Ltd.,
Tata South-East Asia Ltd.,
Tata South-East Asia Ltd.,
Tata South-East Asia Ltd.,
Tata SSL Ltd.,
Tata Tea Inc.,
Tata Tea Ltd.,
Tata Uganda Ltd.,
Tata Zambia Ltd.,
Telco Construction Equipment Company,
Tinplate Company of
etc.
BUSINESS
REGISTRATION NUMBER
16128131
COMPANY FILE NUMBER
380751
MANAGEMENT
President:
Mr. Hoshie Hirji Malgham
General Manager: Mr. Ashwani Kumar Goel
CAPITAL
Nominal Share Capital: HK$16,000,000.00
(Divided into 1,600,000 shares of HK$10.00 each)
Issued Share Capital: HK$8,510,700.00
SHAREHOLDERS
(As per registry dated 22-09-2009)
|
Name |
|
No. of shares |
|
Hoshie Hirji MALGHAM |
|
4 |
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Tata International Ltd. Block A, Shivsagar Estates, Dr. |
|
851,066 |
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|
––––––– |
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Total: |
851,070 ====== |
DIRECTORS
(As per registry dated 02-11-2009)
|
Name (Nationality) |
Address |
|
Raman DHAWAN |
28A, |
|
Ajay Murlidhar PONKSHE |
6 Ramchandra Niwas, Brahminwadi, |
|
Opender Kumar KAUL |
102B Vaibhav Nagar, |
SECRETARY
(As per registry dated 22-09-2009)
|
Name |
Address |
|
|
Sekots Secretarial Services Ltd. |
16/F. - 19/F., Prince’s Building, |
28739 |
HISTORY
The subject was incorporated on 22nd
September, 1992 as a private limited liability company under the Hong Kong
Companies Ordinance.
It was originally registered under the name
of Tata Exports South-East Asia Ltd., name changed to the present style on 16th
July, 1997.
Formerly the subject was located at Unit 13,
9/F., Po Lung Centre,
Apart from these, neither material change
nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: Textiles,
garments, automotive products, engineering spares, chemical and allied
products, fish and food products, carpets, leather garments, footwear
and leather articles
(such as bags,
wallets and pouches, briefcases), bicycles and bicycle parts, electrical
and electronic
products, agro commodities, etc.
Employees: 20.
Commodities Handled: Imported from
Markets:
Terms/Sales:
On various terms.
Terms/Buying: As
per contracted.
MEMBERSHIP: The
Hong Kong General Chamber of Commerce,
[Membership No. HKT0551]
The Indian Chamber of Commerce Hong Kong,
FINANCIAL
INFORMATION
Nominal Share Capital: HK$16,000,000.00 (Divided into 1,600,000
shares of HK$10.00 each)
Issued Share Capital: HK$8,510,700.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 1,934,250.00 |
|
16-06-1997 |
paid up |
HK$ 5,802,750.00 |
|
20-03-2005 |
paid up |
HK$ 773,700.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 8,510,700.00 ============== |
Increases of Nominal Capital:-
|
From |
HK$2,000,000.00 |
to |
HK$
8,000,000.00 |
on |
16-06-1997 |
|
From |
HK$8,000,000.00 |
to |
HK$16,000,000.00 |
on |
20-03-2005 |
Profit & Loss: Making a small profit every year.
Condition: Business
is active and steady.
Facilities:
Making active
use of general banking facilities.
Payment: So
far so good.
Commercial Morality: Satisfactory.
Bankers:-
State Bank of
The Hongkong &
Shanghai Banking Corp. Ltd.,
BNP Paribas,
Hong Kong Branch.
Bank of
Shanghai
Commercial Bank Ltd.,
MeesPierson N.V.,
Hong Kong Branch.
Standing:
Good.
GENERAL
Tata South-East Asia Ltd., previously known
as Tata Exports South-East Asia Ltd., is a wholly-owned overseas subsidiary of
Tata International Ltd. [Tata International] which is a publicly listed
company in
The subject, set up in Hong Kong in
September 1992, is responsible for exporting commodities to
The subject has had representative offices
in
Tata International, renamed from Tata
Exports Ltd. on 3rd March, 1998, is a well-established, reputed and significant
company in
Tata companies operate in seven business
sectors: communications and information technology, engineering, materials,
services, energy, consumer products and chemicals. They are, by and large, based in
Every Tata company or enterprise operates
independently. Each of these companies
has its own board of directors and shareholders, to whom it is answerable. There are 28 publicly listed Tata enterprises
and they have a combined market capitalisation of some US$60 billion, and a
shareholder base of 3.5 million. The
major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services
[TCS], Tata Power, Tata Chemicals, Tata Tea, Indian Hotels and Tata
Communications.
Tata Steel became the sixth largest steel
maker in the world after it acquired Corus.
Tata Motors is among the top five commercial vehicle manufacturers in
the world and has recently acquired Jaguar and Land Rover. TCS is a leading global software company,
with delivery centres in the
In more recent times, Tata’s pioneering
spirit has been showcased by companies such as TCS, India’s first software
company, and Tata Motors, which made India’s first indigenously developed car,
the Indica, in 1998 and recently unveiled the world’s lowest-cost car, the Tata
Nano.
In tandem with the increasing international
footprint of Tata companies, the Tata brand is also gaining international
recognition. Brand Finance, a UK-based
consultancy firm, recently valued the Tata brand at US$9.92 billion and ranked
it 51st among the world’s Top 100 brands.
BusinessWeek magazine ranked Tata 13th among the “25 Most Innovative
Companies” list and the Reputation Institute, the
Going forward, Tata is focusing on new
technologies and innovation to drive its business in
Besides the subject in Hong Kong, Tata’s
other wholly-owned subsidiaries are in South Africa, Zambia, Zimbabwe, Namibia,
Mozambique, Uganda, Tanzania, Ghana, and the United Arab Emirates. Offices have been set up in
As one of
In
On the whole, in view of the parentage and
background of the subject, consider it good for normal business engagements.
REMARKS
Court Cases: None
per our.
Property information of the company:-
Property Location: Units 6, 7 & 8 on 25/F. and Parking Spaces Nos. P6, P7 & P11 on 5/F., Enterprise Square 2, 3 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.
Owner: Tata South-East Asia Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
30-10-2001 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
RATING EXPLANATIONS
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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 |
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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 |
-- |
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.