MIRA INFORM REPORT

 

 

Report Date :

12.07.2012

 

IDENTIFICATION DETAILS

 

Name :

MADARAT  INTERNATIONAL  CO.

 

 

Formerly Known As :

Rebune Watch And Electronics

 

 

Registered Office :

Room 501, 5/F., Block A, Hong Ning Building, 79-89 Hong Ning Road, Kwun Tong, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

18.11.2011

 

 

Com. Reg. No.:

54178916-000-11

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of Hair removal wax, other hair beauty products, etc

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

Payment Behaviour :

Unknown

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)

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

 

MADARAT  INTERNATIONAL  CO.

 

 

Company ADDRESS

 

Room 501, 5/F., Block A, Hong Ning Building, 79-89 Hong Ning Road, Kwun Tong, Kowloon, Hong Kong.

PHONE:            9427 2327

FAX:                 2754 9070

 

 

MANAGEMENT

 

Manager:  Mr. Muhammad Mohsin Khan

 

 

SUMMARY

 

Establishment:                          18th November, 2011.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

Room 501, 5/F., Block A, Hong Ning Building, 79-89 Hong Ning Road, Kwun Tong, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

54178916-000-11

 

 

MANAGEMENT

 

Manager:  Mr. Muhammad Mohsin Khan

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Muhammad Mohsin KHAN

Residential Address:      Flat C19, 5/F., Lin On Building, 17-23A Luen On Street, Kwun Tong, Kowloon, Hong

Kong.

 

 

HISTORY

 

The subject was established on 18th November, 2011 as a sole proprietorship. concern owned by Mr. Muhammad Mohsin Khan under the Hong Kong Business Registration Regulations.

 

Originally the subject was registered under the name of Rebune Watch And Electronics, name changed to the present style on 11th May, 2012.

 

Formerly the subject’s registered address was located at G/F., Shop 48, Chung King Mansion, 36-44 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in May 2012.

 

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

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Hair removal wax, other hair beauty products, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Europe, other Asian countries, etc.

 

Markets:                       Asian countries, Europe, Hong Kong, India, North and South America, the Middle East,

etc.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

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

 

Madarat International Co. [MIC] is a sole proprietorship set up and owned by Mr. Muhammad Mohsin Khan who is a Pakistani.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  He is the manager of the subject.  Khan has got a Chinese name and has had good command knowledge of Cantonese.  He can be reached at his mobile phone number 852-9427 2327.

MIC does not have its own operating office.  Its registered address is in a private building located at Room 501, 5/F., Block A, Hong Ning Building, 79-89 Hong Ning Road, Kwun Tong, Kowloon, Hong Kong.  This is the residence of Khan.

The residential building is not trespassed by outsiders.  MIC has no employees in Hong Kong.

MIC is a hair beauty product trader.  It has had an affiliated company Rani Beauty International Co. [Rani Beauty] which is not a Hong Kong-registered firm.  MIC and Rani Beauty are engaged in the same lines of business.

According to MIC, it is an ISO 9001:2000 certified company engaged in offering quality beauty care products in the market.  It is one of the leading manufacturers, suppliers, traders, distributors, wholesalers and exporters in the industry.  It offers a complete range of the following commodities: paraffin wax, roll on depilatory wax, jar/tin wax, no strip film wax, hair straightener, roll on lemon wax, honey tin wax, LED UV nail lamp, azulene hot wax, nail drill machine, etc.

MIC’s factory is in China employing about 100 workers.  Products are exported to Asian countries, Europe, North and South America, the Middle East, etc.  The China factory is ISO 9001:2000 certified.

Formerly MIC had a retailing shop in Hong Kong where was its old registered address.  Now, this shop has ceased business.

MIC’s business is chiefly handled by Khan himself.  History in Hong Kong is just about eight months.

Since the registered office of the subject is in a residential building and its history is short, consider it good for normal business engagements on secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.37

UK Pound

1

Rs.85.95

Euro

1

Rs.67.87

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.