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Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATION UP LTD. |
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Registered Office : |
C/o Hashmi Secretarial Services Ltd Unit B, 3/F., |
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Country : |
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Date of Incorporation : |
27.05.2011 |
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Com. Reg. No.: |
58427410 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
SUBJECT IS TRADING IN ALL KINDS OF ELECTRONIC PRODUCTS,
ESPECIALLY MOBILE PHONES. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
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 Operation 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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
NATION UP LTD.
ADDRESS:
Registered Office:-
c/o Hashmi Secretarial Services Ltd.
Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue,
Tsimshatsui, Hong Kong.
58427410
1607859
27th May, 2011.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 27-05-2012)
|
Name |
|
No. of share |
|
Sahul Hameed MOHAMED MUSTAFA |
|
1 = |
(As per registry dated 27-05-2012)
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Name (Nationality) |
Address |
|
Sahul Hameed MOHAMED MUSTAFA |
271 Sadukkai Street, Kayalpatnam Po, Tuticorn Dt, Tamilnadu - 628204,
India. |
(As per registry dated 27-05-2012)
|
Name |
Address |
Co. No. |
|
Hashmi Secretarial Services Ltd. |
Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue,
Tsimshatsui, Kowloon, Hong Kong. |
0770656 |
Nation Up Ltd. was incorporated on 27th May, 2011 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 “Unit B, 3/F., Chun Wah Commercial Building, 30 Minden
Avenue, Tsimshatsui, Kowloon, Hong Kong” known as “Hashmi Secretarial Services
Ltd.” [Hashmi] which is handling its correspondences and documents. Hashmi is also the corporate secretary of the
subject.
According to the Companies Registry of Hong Kong, the subject has issued
just one ordinary share of HK$1.00 each which is owned by Mr. Sahul Hameed
Mohamed Mustafa who is an Indian. He is
also the only director of the subject.
He is an India passport holder and does not have the right to reside in
Hong Kong permanently.
The subject has had a representative in Hong Kong Mr. Syed who is also
an Indian. He can be reached at your
given phone number 852-9323 0191. Syed is handling the subject’s business and
documents in Hong Kong.
According to Syed, the subject is trading in all kinds of electronic
products, especially mobile phones.
Products are sourced from China or acquired from the suppliers in Hong
Kong. India is its prime market. It also exports mobile phones to Africa. Business is still under development.
The subject has been banking with The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong.
It is likely that the subject has got an affiliated company in India
which is operated by Mohamed Mustafa.
The India firm is doing business with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong.
The subject’s history in Hong Kong is just over a year.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on fully
secured terms.
.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.