MIRA INFORM REPORT

 

 

Report Date :

14.01.2012

 

IDENTIFICATION DETAILS

 

Name :

ESTEEM EXPORTS LTD.

 

 

Registered Office :

Room 1022, 10/F., Peninsula Centre, 67 Mody Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

12.06.2006

 

 

Com. Reg. No.:

36852176

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of household items.

 

 

No. of Employees :

6

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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

 

ESTEEM EXPORTS LTD.

 

 

Company ADDRESS

 

Room 1022, 10/F., Peninsula Centre, 67 Mody Road, Tsimshatsui, Kowloon, Hong Kong.

 

PHONE:                  3741 0277

 

FAX:                       3741 0288

 

E-mail:                    esteem@esteemexports.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Michael Tzur

 

 

SUMMARY

 

Incorporated on:             12th June, 2006.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$100,000.00

            Issued:              HK$100,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   6.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Room 1022, 10/F., Peninsula Centre, 67 Mody Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

 36852176

 

 

COMPANY FILE NUMBER

 

1051692

 

 

MANAGEMENT

 

Managing Director:  Mr. Michael Tzur

 

 

CAPITAL

 

Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$100,000.00

 

 

SHAREHOLDERS

 

(As per registry dated 12-06-2011)

 

Name

 

No. of shares

Dhusia Nirmal Kumar Ramchand

 

30,000

Barton Jemali

 

70,000

 

 

–––––––

 

Total:

100,000

======

 

 

 

 

 

DIRECTOR

 

(As per registry dated 01-01-2012)

 

Name

(Nationality)

 

Address

Michael TZUR

Eyar 12/9 ST. Natanya, Israel.

 

 

SECRETARY

 

(As per registry dated 12-06-2011)

 

Name

Address

Ram Amulmal MOOLANI

Flat A, 13-15 Hillwood Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 12th June, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Aqua View Ltd., name changed to the present style on 11th December, 2006.

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

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of household items.

 

Employees:                   6.

 

Commodities Imported:   China and other Asian countries, etc.

 

Markets:                       Israel, India, other Asian countries, other European countries, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

 

MEMBERSHIP

 

The Indian Chamber of Commerce Hong Kong, Hong Kong.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100,000.00

 

Profit or Loss:                Making a very small profit in the past two years.

 

Condition:                      Business has been normal.

 

Facilities:                      Trying to make 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 100,000 ordinary shares of HK$1.00 each, Esteem Exports Ltd. is jointly owned by Mr. Dhusia Nirmal Kumar Ramchand, holding 30% interests, and Mr. Barton Jemali, holding 70%.  These two shareholders are Indian.

The director of the subject Michael Tzur is an Israel passport holder who is currently residing in Natanya, Israel.

The subject is trading in household items including cookware sets.  It exports different kinds of kitchen utensil items, including cookware (different sets), kettle, knife set, stock pot, cutlery set, etc.  Commodities are chiefly sourced from China, prime market is Europe.  It also exports its commodities to the other Asian countries.  According to the subject, it has developed close business ties with many manufacturers in Mainland China.  Business is rather active.

 

The subject is a member of the Indian Chamber of Commerce Hong Kong, Hong Kong.

It is likely that the subject has got an associated company in Israel.

 

As the history of the subject is over five years and seven months in Hong Kong, on the whole, consider it good for normal business engagements in small credit amounts.

 

- 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.43

UK Pound

1

Rs.79.10

Euro

1

Rs.66.17

 

 

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%)

 

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.