MIRA INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL
LAND ENTERPRISES LTD. |
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Registered Office : |
c/o HKBSS Ltd., Unit 3B, 20/F., Far East Consortium
Building, 121 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.10.2010 |
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Com. Reg. No.: |
53702025 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Building materials, machinery and equipment for building and construction, etc. |
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No. of Employees
: |
Not Available |
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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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
GLOBAL LAND
ENTERPRISES LTD.
Company ADDRESS
c/o HKBSS Ltd.
Unit 3B, 20/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.
PHONE: 155 0666
FAX: 2155 0663
E-MAIL: amulmittal@hotmail.com
Note:
The subject is not located at your given address Unit 1113A & 1115, 11/F., Cosco Tower, Grand Millennium Plaza, 183 Queen’s Road Central, Hong Kong where is occupied by Apple Commodities Ltd. and Apple Group of Companies.
MANAGEMENT
Managing Director: Mr. Amul Mohan Mittal
SUMMARY
Incorporated on: 26th October, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o HKBSS Ltd.
Unit 3B, 20/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.
Associated Company:-
Mohan Construction Co.
C-22, Ashok Vihar, Phase-I, Delhi, 110052 India.
BUSINESS REGISTRATION NUMBER
53702025
COMPANY FILE NUMBER
1520105
MANAGEMENT
Managing Director: Mr. Amul Mohan Mittal
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
SHAREHOLDER
(As per registry
dated 26-10-2011)
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Name |
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No. of shares |
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Amul Mohan MITTAL |
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10,000 ===== |
DIRECTOR
(As per registry dated
26-10-2011)
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Name (Nationality) |
Address |
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Amul Mohan MITTAL |
C-22, Ashok Vihar, Phase-I, Delhi, 110052 India. |
SECRETARY
(As per registry
dated 26-10-2011)
|
Name |
Address |
Co.
No. |
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HKBSS Ltd. |
20/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong. |
0838155 |
HISTORY
The subject was incorporated on 26th October, 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 and Exporter.
Lines: Building materials, machinery and equipment for building and construction, etc.
Employees: Nil.
Commodities Imported: China, Japan, Europe, North America, etc.
Markets: India, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
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: 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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Global Land Enterprises Ltd. is wholly owned by Amul Mohan Mittal who is an Indian. He is an India passport holder and 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 Unit 3B, 20/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong known as HKBSS Ltd. which is handling its correspondences and documents. HKBSS Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.
The subject has got an associated company in India known as Mohan Construction Co. [Mohan] which is also operated by Amul Mohan Mittal.
Mohan is in Delhi, India. It is an international purchaser taking part in the Canton Commodities Transaction Fair which is held in Guangzhou, Guangdong Province China twice a year.
Mohan is trading in the following commodities:-
· Machinery and Equipment
· Building Materials
· Decoration Materials
Commodities are chiefly sourced from China. It also imports commodities from Japan, Europe, North America, etc. Prime markets are India and the other Asian countries.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year and two months.
It is likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The India firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
On the whole, consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.67.46 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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.