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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
FEATHER TOUCH LTD. |
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|
|
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Registered Office : |
C/o Prima Secretaries Ltd. Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central |
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|
|
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Country : |
Hong Kong |
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|
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Date of Incorporation : |
02.08.2005 |
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Com. Reg. No.: |
35896325 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Chemicals, consumer electronics, textile products, gifts, novelties, tableware, hotel ware, etc. |
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No. of Employees : |
Not Available |
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 : |
Moderate |
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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 |
|
Off-credit |
D |
FEATHER TOUCH
LTD.
ADDRESS:
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong.
PHONE: 2376 3611
FAX: 2736 5115
Managing Director: Mr. Abhishek
Kothari
Incorporated on: 2nd August, 2005.
Organization: Private
Limited Company.
Capital: Nominal: HK$2,000,000.00
Issued: HK$800,001.00
Business Category: Importer and Exporter.
Employees:
Nil.
Main Dealing Banker: Bank of Baroda, Hong Kong Branch.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong.
Associated Companies:-
Sinotrade Global Ltd., Hong Kong.
Sinotrade International Ltd., China.
35896325
0987021
Managing Director: Mr. Abhishek
Kothari
Nominal Share Capital: HK$2,000,000.00 (Divided into 2,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$800,001.00
(As per registry dated 02-08-2011)
|
Name |
|
No. of shares |
|
Abhishek KOTHARI |
|
800,001 ====== |
(As per registry dated 02-08-2011)
|
Name (Nationality) |
Address |
|
Anand Kumar DAMANI |
A#23D, Regal Court, 75 Longkouxi Road, Guangzhou, Guangdong Province,
China. |
|
Abhishek KOTHARI |
B#2303, No. 594 Tian He Bei Lu, Tian He District, Guangzhou, Guangdong
Province, China. |
(As per registry dated 28-09-2011)
|
Name |
Address |
Co. No. |
|
Prima Secretaries Ltd. |
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux
Road Central, Central, Hong Kong. |
0569406 |
The subject was incorporated on 2nd August, 2005 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Suite 1402, 14/F., 1 Duddell Street,
Central, Hong Kong where was the operating office of Prima Secretaries Ltd.,
Prima Secretaries Ltd. moved to the present address with effect from
28th September, 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: Chemicals,
consumer electronics, textile products, gifts, novelties, tableware, hotel
ware, etc.
Employees: Nil.
Materials/Commodities: Imports raw materials from European countries,
some Asian countries and finished products from China.
Markets: India,
Southeast Asia, Europe, North America, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, etc.
Nominal Share Capital: HK$2,000,000.00 (Divided into 2,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$800,001.00
Indebtedness: US$228,376.44 (Total amount outstanding on all mortgages
and charges as per last Annual Return dated 02-08-2011)
Mortgage or Charge: (See
attachment)
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
Bank of
Baroda, Hong Kong Branch.
Standing:
Small.
Feather Touch Ltd. is wholly-owned by Mr. Abhishek Kothari who is an
Indian. The directors of the subject are
Mr. Abhishek Kothari and Mr. Anand Kumar Damani, both of whom are
residing in Guangzhou, Guangdong Province, China. They are India passport holders.
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.
Formerly Prima was located at Suite 1402, 14/F., 1 Duddell Street,
Central, Hong Kong, moved to the present address with effect from 28th September,
2009.
The subject has no employees in Hong Kong.
To our knowledge, the subject has had an affiliated company in
Guangzhou, Guangdong Province, China known as Sinotrade International Ltd.
[Sinotrade] which is a Guangzhou-based firm.
The subject is trading in the following commodities: leather chemicals,
consumer electronics, textile products, fabrics, garments, gifts, novelties,
tableware, hotel ware, etc. Most of the
products are sourced from China.
However, garments trading are the main line business of Sinotrade. Prime markets are India, other
Asian countries, Europe and North America, etc. Sinotrade was set up in 1997. The contact person of Sinotrade is Mr.
Abhishek Kothari.
The subject has had an associated company in Hong Kong known as
Sinotrade Global Ltd. [Sinotrade Global] which is a Hong Kong-registered
firm. The operations of Sinotrade Global
is also in Guangzhou, Guangdong Province, China. This firm has an associated firm in India.
Most of the time, Mr. Abhishek Kothari and Mr. Anand Kumar Damani are
residing in Guangzhou, Guangdong Province, China and operating Sinotrade.
The history of the subject in Hong Kong is over six years and six
months.
Since the subject does not have its own operating office and has no
employees in Hong Kong, on the whole, consider it good for business engagements
on L/C basis.
|
Date |
Particulars |
Amount |
|
20-08-2008 |
Instrument: Memorandum Property: Distinctive 91210300001702 21-06-2008 US$50,889.00 21-12-2008 Mortgagee: Bank of Baroda,
Hong Kong Branch. |
Loan or credit or other facilities |
|
17-12-2010 |
Instrument: Memorandum Property: Distinctive 91210300004110 22-06-2010 US$51,964.85 22-12-2010 Mortgagee: Bank of Baroda, Hong Kong Branch. |
Loan or credit or other facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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.