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Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AXIOM LIMITED |
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Registered Office : |
Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central |
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Country : |
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Date of Incorporation : |
01.09.2010 |
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Com. Reg. No.: |
52995811 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronics, products relating telecommunication network, etc. |
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No. of Employees : |
5 |
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 – 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 |
AXIOM LIMITED
ADDRESS: Room 1503, 15/F., Queen’s Place,
74 Queen’s Road Central, Hong Kong.
PHONE: Not available
FAX: Not available
Managing Director: Mr. Om Ashok
Bhatia
Incorporated on: 1st
September, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$9,202.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
5.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong.
52995811
1500126
Managing Director: Mr. Om Ashok
Bhatia
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$9,202.00
(As per registry dated 01-09-2011)
|
Name |
|
No. of shares |
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Novelle Ltd., Hong Kong. |
|
4,501 |
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Pioneer Ace Ltd., Hong Kong. |
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4,500 |
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Kunal Vinod BANSAL |
|
200 |
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Vimal Puranmal BANSAL |
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1 |
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––––– |
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Total: |
9,202 ==== |
(As per registry dated 01-09-2011)
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Name (Nationality) |
Address |
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Om Ashok BHATIA |
Flat 1502, 15/F., Block B, Hong Yuen Court, 1-5 Tak Shing Street,
Kowloon, Hong Kong. |
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Vimal Puranmal BANSAL (Previous Name: Bansal VIMAL) |
Sadaf 4, Flat No. 2004, Jumeirah Brach Residence, Dubai, UAE. |
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Novelle Ltd. |
Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong. |
(As per registry dated 01-09-2011)
|
Name |
Address |
Co. No. |
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong
Kong. |
0113023 |
The subject was incorporated on 1st September, 2010 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.
Activities: Importer,
Exporter and Wholesaler.
Lines: Electronics,
products relating telecommunication network, etc.
Employees: 5.
Commodities Imported: Europe, China, other Asian countries, etc.
Markets: Southeast
Asia, other Asian countries, etc.
Terms/Sales: As per
contracted.
Terms/Buying: L/C, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$9,202.00
Mortgage or Charge (Since 2011): (See attachment)
Profit or Loss: Suffering
from a small loss in 2010.
Condition: Business
is under development.
Facilities: Making
active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Bankers:
Indian Overseas Bank, Hong Kong Branch.
J.P. Morgan International Bank Ltd., Hong
Kong.
ABN AMRO Bank N.V., Hong Kong Branch.
Standing:
Small.
Axiom Ltd. is chiefly and almost equally owned by two Hong Kong-registered
firms: Novelle Ltd. and Pioneer Ace Ltd.
Each of the firm is holding 48.9% interests of the subject.
The director of the subject Mr. Om Ashok Bhatia is residing in Hong
Kong. He is a Hong Kong ID Card holder
and has got the right to reside in Hong Kong permanently.
Business commenced in September 2010, the subject has about five
employees in Hong Kong. It is engaged in
international trading and development.
Before operating the subject, Om Ashok Bhatia was an officer of
Corporate Banking & marketing at HDFC Bank.
He was graduated from Jamnalal Bajaj Institute of Management Studies and
St. Sebastian's High School.
Om Ashok Bhatia is a marketing consultant and has been engaged in
telecommunication network projects. Its
commodities are sourced from China, Europe, etc. Commodities are re-exported to Southeast
Asia, the Middle East, etc. Business is
under development.
The subject’s business is chiefly handled by Bhatia himself.
The history of the subject in Hong Kong is just over a year and ten
months.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis.
(Since 2011)
|
Date |
Particulars |
Amount |
|
21-06-2011 |
Instrument: The Account Pledge Agreement Property: By way of pledge (i) all of the Company’s rights, title and interest
in and to all Custody Accounts and the amount of all Investments; (ii) all of
the Company’s rights, title and interest in and to all Cash Accounts, Time
Deposit Accounts and Affiliate Time Deposit Accounts, including any credit or
debit balances which at the date of the Charge appear or may at any time in
the future appear in any currency unit sub-account; (iii) the Company’s OTC
Derivatives Claims; and (iv) all other assets Mortgagee: J.P. Morgan International Bank Ltd. |
All monies and liabilities of any kind actual or contingent |
|
08-12-2011 |
Instrument: Security Memorandum Property: The Company hereby assigns and agrees to assign absolutely and
unconditionally to the Bank all its right, title and interest in and to each
Receivable as continuing security for the payment or discharge of the Secured
Liabilities. Mortgagee: ABN Amro Bank N.V. |
All indebtedness, obligations and liabilities |
|
26-04-2012 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2011 FD 4141 03-02-2012 USD4,775,000 3.7% 07-02-2013 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities, sole or joint, actual or contingent,
quantified or not, now or hereafter owing or incurred to the bank by the
company or any third parth designated by the company |
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27-06-2012 |
Instrument: Undertaking Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2012 FD 75 1 25-05-2012 USD4,351,000 2.75% 27-05-2013 Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
All and any liabilities, sole or joint, actual or contingent,
quantified or not, now or hereafter owing or incurred to the bank by the
company or any third parth designated by the company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.85.47 |
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Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.