MIRA INFORM REPORT

 

 

Report Date :           

24.12.2011

 

IDENTIFICATION DETAILS

 

Name :

POET  (HK)  LTD.

 

 

Registered Office :

c/o T & Y Consultants Ltd., Room 2101, 21/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

25.03.2009

 

 

Com. Reg. No.:

50491857

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is an engineering consultancy Firm

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating Office in Hong Kong

 

 

Payment Behaviour :

Unknown

 

 

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

 

POET  (HK)  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o T & Y Consultants Ltd.

Room 2101, 21/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong.

[Tel: 2520 5644;  Fax: 2865 3131]

 

Holding Company:-

Symphony Trading & Investments Ltd., British Virgin Islands.

 

 

BUSINESS REGISTRATION NUMBER

 

50491857

 

 

COMPANY FILE NUMBER

 

1324438

 

 

DATE OF INCORPORATION

 

25th March, 2009.

 

 

CAPITAL

 

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

 

Issued Share Capital:     HK$1.00

SHAREHOLDER

(As per registry dated 25-03-2011)

 

Name

 

No. of share

Symphony Trading & Investments Ltd.

Vanterpool Plaza, 2/F., Wickhams Cay I, Road Town, Tortola, British Virgin Islands.

 

1

=

 

 

DIRECTOR    

(As per registry dated 30-07-2011)

 

Name

Address

Anchorman Ltd.

Vanterpool Plaza, 2/F., Wickhams Cay I, Road Town, Tortola, British Virgin Islands.

 

 

SECRETARY 

(As per registry dated 25-03-2011)

 

Name

Address

Co. No.

T & Y Consultants Ltd.

Room 2101, 21/F., Hong Kong Trade Centre,
161-167 Des Voeux Road Central, Hong Kong.

0782398

 

 

GENERAL

 

Poet (HK) Ltd. was incorporated on 25th March, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a consultant firm located at Room 2101, 21/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong known as T & Y Consultants Ltd. which is handling its correspondences and documents.  T & Y Consultants Ltd. is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued just one ordinary share of HK$1.00 which is owned by Symphony Trading & Investments Ltd., a BVI-registered firm.

The directors of the subject were Mr. Bharat Mekani and Ms. Kirtida Mekani.  Both were Singapore passport holders and resided in Singapore.  Now, the new director has changed to a BVI-registered firm known as Anchorman Ltd.  The new director was appointed on 30th July, 2011.

It is likely that the head office of the subject is in India.  Hereinafter is referred to POET.

POET is an engineering consultancy firm that does project management for infrastructure projects.  It primarily focuses on all aspects related to implementation of thermal power plants.  POET, having a strength of 10 senior professionals in line and staff functions with 35 supporting junior consultants and staff, is equipped with state-of-the-art IT infrastructure.  POET is famous for its Project Management System [PMS].  POET is engaged in integrated project management, engineering and design automation system for all aspects of power plant design, analysis, optimisation and modelling.  This system builds accuracy and completeness of information into the engineering deliverables and generates superior analysis for project management and monitoring, preliminary design approvals, system engineering and physical design checks.  The mechanical, electrical, civil, instrumentation and the project management groups share information through common database files that are generated through the different modules.  An in-house software has been developed for managing projects.  This is a product complementary to other software like Primavera, MS Project, Sure track etc.  It can also complement ERP packages like SAP.

The subject’s business in Hong Kong is not active.  History in Hong Kong is over two years and nine 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 secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.23

UK Pound

1

Rs.82.87

Euro

1

Rs.69.13

 

 

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%)

 

 

 

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