MIRA
INFORM REPORT
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Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
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Name : |
AARON PACIFIC LTD. |
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Registered Office : |
C/o Prima Group Ltd. Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.04.2006 |
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Com. Reg. No.: |
37615315 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Shoes, other Leather products,
etc. |
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No. of Employees : |
Nil. |
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 : |
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) |
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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 And address
AARON PACIFIC
LTD.
ADDRESS:
c/o Prima Group Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong.
PHONE: 2376 3611
FAX: 2736 5115
MANAGEMENT
Managing Director: Mr. Tripti
Mishra
SUMMARY
Incorporated on: 25th
April, 2006.
Organization: Private
Limited Company.
Capital: Nominal: HK$12,500.00
Issued: HK$12,500.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Fairly
satisfactory.
ADDRESS
Registered Head Office:-
c/o Prima Group Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong.
BUSINESS REGISTRATION NUMBER
37615315
COMPANY FILE NUMBER
1040363
MANAGEMENT
Director & Chief Executive Officer:
Mr. Mayank Mishra
Managing Director: Mr. Tripti
Mishra
CAPITAL
Nominal Share Capital: HK$12,500.00 (Divided into 12,500 shares of
HK$1.00 each)
Issued Share Capital: HK$12,500.00
SHAREHOLDERS
(As per registry dated 25-04-2011)
|
Name |
|
No. of shares |
|
Mayank MISHRA |
|
2,500 |
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Momin UDDIN |
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2,500 |
|
Vairavan |
|
2,500 |
|
Anandamohan BALAKRISHNAN |
|
2,500 |
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Rajib GHOSH |
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2,500 |
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|
–––––– |
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Total: |
12,500 ===== |
DIRECTORS
(As per registry dated 25-04-2011)
|
Name (Nationality) |
Address |
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Mayank MISHRA |
Flat H, 6/F., Albany Cove, Tower 8, Caribbean Coast, Tung Chung,
Lantau Islands, Hong Kong. |
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Tripti MISHRA |
Flat H, 6/F., Albany Cove, Tower 8, Caribbean Coast, Tung Chung,
Lantau Islands, Hong Kong. |
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Momin UDDIN |
House-287, Road-15/A, Dhanmond-R/A, Dhaka, Bangladesh. |
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Vairavan |
33/2, F, Vathiyar Kanda, Pillay Street, Choolai, Chennai-600112, Tamilnadu,
India. |
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Anandamohan BALAKRISHNAN |
23 Sivaraman Street, Triplicane, Chennai 600003, India. |
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Rajib GHOSH |
Flat 93, 2/F., Lake View Road, New World Garden, Dongguan, Guangdong,
China. |
SECRETARY
(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, Hong Kong. |
0569406 |
HISTORY
The subject was incorporated on 25th April, 2006 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Kulsum
International Resources Ltd., name changed to the present style on 19th
January, 2007.
Formerly the subject’s registered address was located at Suite 1402,
14/F., 1 Duddell Street, Central, Hong Kong, 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.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: Shoes,
other Leather products, etc.
Employees: Nil.
Materials/Commodities: Imports raw
materials from European countries, some Asian countries and finished products
from China.
Markets: India,
other Asian countries, Europe, North America, etc.
Terms/Sales: L/C or as per
contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$12,500.00 (Divided into 12,500 shares of
HK$1.00 each)
Issued Share Capital: HK$12,500.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 10,000.00 |
|
30-09-2010 |
paid up |
HK$ 2,500.00 |
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|
|
––––––––––––– |
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Total: |
paid up |
HK$ 12,500.00 ============ |
Increase of Nominal Capital:-
|
From |
HK$10,000.00 |
to |
HK$12,500.00 |
on |
30-09-2010 |
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 contracted.
Commercial Morality: Satisfactory.
Banker:
Indian
Overseas Bank, Hong Kong Branch.
Standing: Small.
GENERAL
At the very beginning, having issued 10,000 ordinary shares of HK$1.00 each,
Aaron Pacific Ltd. was equally-owned by four Indian: Mayank Mishra, Tripti
Mishra, Momin Uddin, and Vairavan. On
30th September, 2010, the shareholders were reshuffled and a new shareholder
joined in. Now, the subject has issued
12,500 ordinary shares of HK$1.00 each in total which are equally held by the
following shareholders: Mayank Mishra, Momin Uddin, Vairavan, Anandamohan
Balakrishnan and Rajib Ghosh. The last
is a new shareholder while the fourth Anandamohan Balakrishnan’s shares were
transferred from Tripti Mishra.
Including Tripti Mishra, the shareholders are also directors of the
subject.
Mr. Tripti Mishra is a Hong Kong ID Card holder and has got the right to
reside in Hong Kong permanently.
Currently he is residing in Hong Kong, and handling the subject’s
business in Hong Kong.
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 Group Ltd. [Prima] which is
handling its correspondences and documents.
Prima is also the corporate secretary of the subject. It moved to the above-mentioned address in
September 2009.
Your given phone number 852-2376 3611 and fax number 852-2736 5115
belong to Prima. The subject has no
employees in Hong Kong.
Nominally, the subject’s head office is in Hong Kong. It is trading in all kinds of leather
products such as leather shoes, bags, wallets, belts, etc., and has got an
affiliated factory in Dongguan City, Guangdong Province, China. Its China factory is administered by Mr.
Tripti Mishra and Mr. Rajib Ghosh. Raw
materials are imported from Europe, India or acquired in China. Products are exported to India, other Asian
countries, Europe, the Middle East, the United States, etc. It is claimed that the main products of the
subject are leather shoes.
The subject also has got offices in China, India and Bangladesh. Momin Uddin is handling the business of the
Bangladesh office. The main office of
the subject seems in India.
The Chief Executive Officer of the subject is Mr. Mayank Mishra. He was the Manager of Tata South East Asia
Ltd. before joining in the subject.
Majoring in chemical engineering, he was graduated from Pandit
Ravishankar Shukla University of India in 1999.
Most of the time, Mr. Mayank Mishra is in India while the new
shareholder Mr. Rajib Ghosh is in Dongguan City, Guangdong Province, China.
The subject’s business in Hong Kong is not very active. History in Hong Kong is over five years
and eight 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
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 |
|
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 |
-- |
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.