MIRA
INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
BASE INTERNATIONAL LTD. |
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Registered Office : |
Flat C, 14/F., Charmhill Commercial Centre, 50 Hillwood Road, Tsimshatusi, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.06.2002 |
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Com. Reg. No.: |
33012280 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Plastic materials, electronic components, sundry products, etc. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
BASE INTERNATIONAL
LTD.
ADDRESS: Flat C, 14/F., Charmhill
Commercial Centre, 50 Hillwood Road, Tsimshatusi, Kowloon, Hong Kong.
PHONE: 2314 8494
FAX: 2314 8450
E-MAIL: sonu@baseintltd.com
MANAGEMENT
Managing Director: Mr. Shishir
Dugar
SUMMARY
Incorporated on: 26th June, 2002.
Organization: Private
Limited Company.
Capital: Nominal: HK$3,000,000.00
Issued: HK$3,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Flat C, 14/F., Charmhill Commercial Centre, 50 Hillwood Road,
Tsimshatusi, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
33012280
COMPANY FILE NUMBER
0803640
MANAGEMENT
Managing Director: Mr. Shishir
Dugar
CAPITAL
Nominal Share Capital: HK$3,000,000.00 (Divided into 3,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$3,000,000.00
SHAREHOLDERS
(As per registry dated 26-06-2011)
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Name |
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No. of shares |
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Saroj DUGAR |
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1,500,000 |
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Sharad DUGAR |
|
750,000 |
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Shishir DUGAR |
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750,000 |
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–––––––– |
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Total: |
3,000,000 ======= |
DIRECTORS
(As per registry dated 26-06-2011)
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Name (Nationality) |
Address |
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Saroj DUGAR |
Flat A2, 15/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong
Kong. |
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Sharad DUGAR |
Flat A2, 15/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong
Kong. |
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Shishir DUGAR |
Flat A2, 15/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong
Kong. |
SECRETARY
(As per registry dated 26-06-2011)
|
Name |
Address |
Co. No. |
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong
Kong. |
0113023 |
HISTORY
The subject was incorporated on 26th June, 2002 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,
Exporter and Wholesaler.
Lines: Plastic
materials, electronic components, sundry products, etc.
Employees: 6.
Commodities Imported: China, India, other Asian countries, etc.
Markets: Asian
countries, Middle East, Europe, North America, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$3,000,000.00 (Divided into 3,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$3,000,000.00
Mortgage or Charge: (See
attachment)
Profit or Loss: Making a small profit every year.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making active
use of general banking facilities.
Payment: Met
trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Indian Overseas Bank, Hong Kong Branch.
Punjab National Bank, Hong Kong Branch.
Standing:
Normal.
GENERAL
Having issued 3 million ordinary shares of HK$1.00 each, Base
International Ltd. is jointly owned by the Dugar family, namely, Mr. Saroj Dugar,
holding 50% interests; Mr. Sharad Dugar, holding 25%; and Mr. Shishir Dugar,
also 25%. They are also directors of the
subject.
The subject is trading in the following commodities:-
Confectionery
Magnet (Speaker ferrite magnet)
Hair Accessories and Hair Care Items
Stainless Steel (Stainless steel sheets)
Air Conditioner
Electronic Components (excluding Semiconductors)
Plastic Materials (including Resins and Sheet ) (Polypropylene)
PVC Compound (for medical)
Apart from the above-mentioned products, the subject also carries sports
and fitness equipment and products, garments, food and beverage, skin care
products, diapers, metal and machinery, building materials, etc. Most of the commodities are sourced from China,
India, other Asian countries, etc. Commodities
are exported to the other Asian countries, the Middle East, Europe, North
America, etc.
With headquarters in Hong Kong and branch offices in China, India, the
United Arab Emirates and the United States, the subject has had a roofed a wide
network of supply in the domestic and international markets. It serves organizations of all sizes as well
as individual clients across the world by providing with a professional manner.
The subject also offers clients with the following services:-
Banking and Finance
Shipping and Forwarding (Air and Sea)
Warehousing and Shipment Consolidation
Sourcing Development
The financial position of the subject and its associated companies are
good.
The history of the subject in Hong Kong is over nine years and six
months. Business is rather active.
On the whole, consider it good for normal business engagements.
MORTGAGE OR CHARGE
|
Date |
Particulars |
Amount |
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04-03-2003 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity FC 230407 14-02-2003 US$60,000.00 0.875% 17-03-2003 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities |
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09-03-2004 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity FC 240285 04-02-2004 US$62,000.00 0.82% 04-08-2004 Mortgagee: Indian Overseas Bank, Hong Kong Branch. |
All and any liabilities |
|
25-06-2004 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity FC 241271 21-06-2004 US$175,022.12 0.65% 20-09-2004 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities |
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27-05-2010 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2010 FD 76 1 27-05-2010 US$
22,406.05 0.7% 25-08-2010 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All liabilities |
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17-08-2011 |
Instrument: Charge on Deposit to secure The
Depositor’s Obligations Property: Account Number 7141000053, 7141000054, 7141000711, 7141000785 and
7141000929 with the Bank for a sum of US$42,458.13, US$10,614.54,
US$51,522.68, US$243,745.46 and US$94,120.11 currently represented or
evidenced by a certificate of deposit dated 30th May, 2011, 2nd June, 2011,
9th July, 2011, 15th January, 2011 and 29th October, 2010 bearing Number
7141000053, 7141000054, 7141000711, 7141000785 and 7141000929 issued by the
Bank or standing to the credit of account number 714100053, 7141000054,
7141000711, 7141000785 and 7141000929 with the Bank Mortgagee: Punjab National Bank, Hong Kong
Branch. |
As a continuing security for the payment and discharge of the Secured
Obligations |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
|
1 |
Rs.78.05 |
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Euro |
1 |
Rs.65.13 |
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 |
-- |
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.