MIRA INFORM REPORT

 

 

Report Date :

13.01.2012

 

IDENTIFICATION DETAILS

 

Name :

CENTRAL WINNER LTD.

 

 

Registered Office :

c/o High Sky Ltd. Unit B, 11/F., Winbase Centre, 208 Queen’s Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.11.2005

 

 

Com. Reg. No.:

36590942

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of Fertilizers for Agriculture Industry

 

 

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

 

 

Payment Behaviour :

No complaints

 

 

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

 

Company name

 

CENTRAL WINNER LTD.

 

 

Company ADDRESS

 

c/o High Sky Ltd.

Unit B, 11/F., Winbase Centre, 208 Queen’s Road Central, Hong Kong.

 

PHONE:                  8210 7239

 

FAX:                       3015 8658

 

 

MANAGEMENT

 

Managing Director:  Mr. Selvakumar Venkitasamy

 

 

SUMMARY

 

Incorporated on:  3rd November, 2005.

 

Organization:  Private Limited Company.

 

Capital:              Nominal:  HK$600,000.00

                         Issued:     HK$600,000.00

 

Business Category:Importer, Exporter and Wholesaler.

 

Employees:  Nil.

 

Main Dealing Banker:The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:  Satisfactory.

 

 

 

Company address

 

Registered Head Office:-

c/o High Sky Ltd.

Unit B, 11/F., Winbase Centre, 208 Queen’s Road Central, Hong Kong.

 

BUSINESS REGISTRATION NUMBER

 

36590942

 

 

COMPANY FILE NUMBER

 

1005399

 

 

MANAGEMENT

 

Managing Director:  Mr. Selvakumar Venkitasamy

 

 

CAPITAL

 

Nominal Share Capital: HK$600,000.00 (Divided into 600,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$600,000.00

 

 

SHAREHOLDERS

 

(As per registry dated 03-11-2011)

Name

 

No. of shares

Selvakumar VENKITASAMY

 

294,000

Thirumalai SRINIVASAN

 

306,000

 

 

–––––––

 

Total:

600,000

======

 

 

 

 

DIRECTORS

           

(As per registry dated 03-11-2011)

Name

(Nationality)

 

Address

Thirumalai SRINIVASAN

3-9-134, Nehruji Street, Lakshmipuram Post, Theni District, Tamil Nadu, 623525, India.

 

Selvakumar VENKITASAMY

Room 503, 5th Gold Field Building, Gold Field Garden, Sima Village Changping Town, Dongguan City-523000, Guangdong Province, China.

 

 

SECRETARY

 

(As per registry dated 03-11-2011)

            Name

Address

Co. No.

High Sky Ltd.

Unit B, 11/F., Winbase Centre, 208 Queen’s Road Central, Hong Kong.

0426584

 

 

HISTORY

 

The subject was incorporated on 3rd November, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its operating address in Hong Kong.  Formerly the registered address of the subject was located at Unit 1101-1102, 11/F., Yien Yieh Commercial Building, 238 Des Voeux Road Central, Hong Kong, moved to the present address in December 2010.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Fertilizers for agriculture industry, batteries for automobile, UPS and motorcycles, metal scraps, leather materials, leather chemicals, dyestuffs, etc.

 

Employees:                   Nil.

 

Commodities Imported: India, Africa, other Asian countries, etc.

 

Markets:                       Asian countries, Europe, North America, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               Prepayment, L/C, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$600,000.00 (Divided into 600,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$600,000.00

 

Mortgage or Charge:-

Date of  Security over Deposits:  27-10-2008

Amount:                        To secure all monies in respect of banking facilities

Property:                       Initially HKD30,000.00 or equivalent and all monies whether now or hereafter standing to the credit of the Company’s deposit with the Bank under deposit number 534-717244-838

Mortgagee:                    The Hongkong and Shanghai Banking Corporation Ltd., Hong Kong

 

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 600,000 ordinary shares of HK$1.00 each, Central Winner Ltd. is jointly owned by Mr. Selvakumar Venkitasamy, holding 49%, and Mr. Thirumalai Srinivasan, holding 51%.  Both of whom are Indian and India passport holders.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Unit B, 11/F., Winbase Centre, 208 Queen’s Road Central, Hong Kong known as High Sky Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.  High Sky Ltd. is also the associated company of Jules Jiu & Co. which is an accountant firm located at the above-mentioned address.  The subject has no employees in Hong Kong.

The subject is trading in the following commodities: fertilizers for agriculture industry, batteries for automobile, UPS and motorcycles, metal scraps, leather materials, leather chemicals, dyestuffs, etc.  Commodities are sourced from China, Japan, other Asian countries, etc.  The subject exports the products to worldwide countries.

It is likely that the subject has got an associated company in Dongguan City, Guangdong Province, China engaged in the same lines of business as the subject.

The China firm is administered by Mr. Selvakumar Venkitasamy who is residing in Dongguan City, Guangdong Province, China most of the time.

It is likely that the China 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  China firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active.

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.51.83

UK Pound

1

Rs.79.42

Euro

1

Rs.65.90

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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