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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
FAVOURITE
LTD. |
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Registered Office : |
c/o Pro Corporate Service Ltd., Room 2702-2703, 27/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wancahi |
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Country : |
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Date of Incorporation : |
12.11.2005 |
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Com. Reg. No.: |
36513221 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available
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No. of Employees : |
Not Available |
Important Note:
We apologize to you for not getting the
caption firm’s exact activity because of the following reasons:
·
The captioned firm is just a shelf company in
The
subject’s secretarial firm Pro-Corp Nominees Ltd. where the subject’s
registered address is located also does not know the activities of the
captioned firm.
Would you please be kind enough to provide us the captioned firm’s contact phone number or other clues so that we can trace its activities?
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating office in
Hong Kong |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
FAVOURITE LTD.
Registered
Office:-
c/o Pro Corporate Service Ltd.
Room 2702-2703, 27/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wancahi, Hong Kong.
36513221
1007377
12th November, 2005.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry
dated 12-11-2011)
|
Name |
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No. of shares |
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Sauteurs Universal S.A. P.O. Box 958, Pasea Estate, Road Town, Tortola, British Virgin Islands. |
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1,000,000 ======= |
(As per registry
dated 12-11-2011)
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Name (Nationality) |
Address |
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Bernhard KOROLNIK |
Kappelistrasse 6, CH-8002 Zurich, Switzerland. |
(As per registry
dated 12-11-2011)
|
Name |
Address |
Co.
No. |
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Pro-Corp Nominees Ltd. |
Room 2702-2703, 27/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wancahi, Hong Kong. |
0309291 |
Favourite Ltd. was incorporated on 12th November, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at “Room 2702-2703, 27/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wancahi, Hong Kong” known as “Pro Corporate Service Ltd.” which is handling its correspondences and documents. This firm has had an associated company Pro-Corp Nominees Ltd. is the corporate secretary of the subject. Pro-Corp Nominees Ltd. is also located at the above-mentioned address.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued 1 million ordinary shares of HK$1.00 each which are wholly owned by Sauteurs Universal S.A., a BVI-registered firm.
The director of the subject Mr. Bernhard Korolnik is a Swiss. Currently he is residing in Switzerland.
The subject’s lines of business are unknown since the secretarial firm knows nothing about its business.
The director of the subject cannot be reached as he is in Switzerland.
No information of the subject can be obtained from our secondary sources.
The subject’s business in Hong Kong is not active. It seems to be a shelf company. We are not sure whether it has been banking with Bank of Singapore Ltd. History in Hong Kong is over six years.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.