MIRA
INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PREMIER HOLDINGS GROUP LTD. |
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Registered Office : |
C/o Berkley Secretaries Ltd. Room 1301, 13/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.04.2009 |
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Com. Reg. No.: |
50616051 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Wood and wood related products, steel, tools, hardware, 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 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
PREMIER HOLDINGS
GROUP LTD.
ADDRESS: c/o Berkley Secretaries Ltd.
Room 1301, 13/F.,
Bank of America Tower, 12 Harcourt Road, Central, Hong Kong.
PHONE: 2115 9878
FAX: 2115 9818
MANAGEMENT
Managing Director: Mr. Pradeep
Singh Kampani
SUMMARY
Incorporated on: 23rd April, 2009.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
c/o Berkley Secretaries Ltd.
Room 1301, 13/F., Bank of America Tower, 12 Harcourt Road, Central, Hong
Kong.
Associated Company:-
Atlanta Business Corporation, India.
BUSINESS REGISTRATION NUMBER
50616051
COMPANY FILE NUMBER
1334116
MANAGEMENT
Managing Director: Mr. Pradeep
Singh Kampani
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry dated 23-04-2011)
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Name |
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No. of share |
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Pradeep Singh KAMPANI |
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1 = |
DIRECTOR
(As per registry dated 23-04-2011)
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Name (Nationality) |
Address |
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Pradeep Singh KAMPANI |
S/O Sh. Ajit Singh Kampani BE-16, Janakpuri, New Delhi 110058, India. |
SECRETARY
(As per registry dated 23-04-2011)
|
Name |
Address |
Co. No. |
|
Berkley Secretaries Ltd. |
Room 1301, 13/F., Bank of America Tower, 12 Harcourt Road,
Central, Hong Kong. |
0893681 |
HISTORY
The subject was incorporated on 23rd April, 2009 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: Wood and wood related
products, steel, tools, hardware, etc.
Employees: Nil.
Commodities Imported: Asian countries, Europe, etc.
Markets: Europe, Asian countries, North
America, Africa, 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$1.00
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
Premier Holding Group Ltd. is wholly-owned by Mr. Pradeep Singh Kampani
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 has issued just one ordinary share of HK$1.00 which is owned
by the single shareholder.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 1301, 13/F., Bank of America Tower, 12 Harcourt
Road, Central, Hong Kong known as Berkley Secretaries Ltd. which is handling
its correspondences and documents. This
firm is also the corporate secretary of the subject.
Berkley Secretaries Ltd. is an associated company of CMS Corporate
Management Services Ltd., a Hong Kong-registered firm also located at the
above-mentioned address. The subject has
no employees in Hong Kong.
To our knowledge, the subject has had an associated company of Atlanta
Business Corporation [ABC] which is an India-based firm. ABC is a trading firm trading in wood and
wood related products, iron and steel, tools, hardware, etc. The head office of ABC is in New Delhi while
its associated offices in Mumbai of India, the United Kingdom, the United
States and Kenya. Established in 1970,
ABC actually is engaged in diversified economy.
The contact person of ABC is also Pradeep Singh Kampani.
It is likely that ABC deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. ABC 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 active. History in Hong Kong is over two years and
eight months.
On the whole, 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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|
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.