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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
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Name : |
WHITE ROCK TRADING
(HK) LTD |
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Registered Office : |
Unit A, 8/F., |
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Country : |
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Date of Incorporation : |
13.10.2009 |
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Com. Reg. No.: |
51271866 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exportessr and
Wholesaler of Diamonds, Household Electric Appliances, Electronic Products,
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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
WHITE
ROCK TRADING (HK)
LTD.
1/F., Airport
World Trade Centre, 1 Sky Plaza Road, Hong Kong International Airport, Lantau
Island, Hong Kong.
PHONE: 2150 1932
FAX: 3019 6034
E-MAIL: hk@whiterocktrading.com
Managing
Director: Mr. Pinkesh Vasant Zota
Incorporated on: 13th October, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
WHITE
ROCK TRADING (HK)
LTD.
Registered
Office:-
c/o CBS Pacific
Ltd.
Unit A, 8/F., Kam Chung
Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.
Head
Office:-
1/F., Airport
World Trade Centre, 1 Sky Plaza Road, Hong Kong International Airport, Lantau
Island, Hong Kong.
Associated
Companies:-
White Rock Diamond
Ltd., Hong Kong.
White Rock Trading
Company, India.
51271866
1381180
Managing
Director: Mr. Pinkesh Vasant Zota
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 13-10-2011)
|
Name |
|
No. of shares |
|
Pinkesh Vasant ZOTA |
|
1,000,000 ======= |
(As per registry dated 13-10-2011)
|
Name (Nationality) |
Address |
|
Pinkesh Vasant
ZOTA |
41, Nymph Building, 4/F., Narayan
Dhabolkar Road, Off Nepan Sea Road, Mumbai 400006, India. |
(As per registry dated 13-10-2011)
|
Name |
Address |
Co.
No. |
|
CBS
Pacific Ltd. |
Unit A, 8/F., Kam Chung Commercial Building, 19‑21 Hennessy
Road, Wanchai, Hong Kong. |
0582043 |
The
subject was incorporated on 13th October, 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.
Activities: Importer, Exporter and Wholesaler.
Lines: Diamonds, Household Electric Appliances, Electronic Products, etc.
Employees: 5. (Including associate)
Commodities Imported: China, India, Europe, other Asian countries, etc.
Markets: Hong Kong, Europe, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 10,000.00 |
|
17-12-2010 |
paid up |
HK$ 990,000.00 |
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|
––––––––––––––– |
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Total: |
paid up |
HK$ 1,000,000.00 ============== |
Increase of Nominal Capital:-
|
From |
HK$10,000.00 |
to |
HK$1,000,000.00 |
on |
17-12-2010 |
Profit or Loss: Made a small profit in 2011.
Condition: Business is improving.
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.
At
the very beginning, White Rock Trading (HK) Ltd. had issued 10,000 ordinary
shares of HK$1.00 each which were wholly owned by White Rock Trading Company,
an India-based firm. The director of the
subject is Mr. Pinkesh Vasant Zota.
He is an India passport holder and currently residing in Mumbai, India.
In
December 2010, the subject issued 990,000 more ordinary shares of HK$1.00 each
which were allotted to Zota. Formerly
Zota held 99% interests of the subject while the remaining 1% was held by White
Rock Trading Company. On 17th December,
2010, White Rock transferred all its shares to Zota who has become the only
shareholder.
The
subject’s registered address is in a commercial service firm located at Unit A,
8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong
known as CBS Pacific Ltd. which is handling its correspondences and
documents. CBS Pacific Ltd. is also the
corporate secretary of the subject.
However, the subject’s operating address is located at 1/F., Airport
World Trade Centre, 1 Sky Plaza Road, Hong Kong International Airport, Lantau
Island, Hong Kong.
The
subject has had an associated company located at its operating address known as
White Rock Diamond Ltd. [White Rock] which was incorporated in Hong Kong on 9th
September, 2009.
The
subject is engaged in manufacturing and trading in loose diamonds like
marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to
0.60 cts. Commodities are chiefly
supplied by its associated company in Mumbai, India.
The
subject markets its products in Hong Kong, and exported to Japan, other Asian
countries and Europe. Business is
improving.
The
subject is also trading in the following products:-
·
Audio Video Integration;
·
Video Conferencing System;
·
Audio Conferencing System;
·
Digital Signage;
·
Projectors;
·
Audio Visual Accessories
(Wireless); &
·
Audio Products.
etc.
The
subject’s India firm White Rock is also engaged in the same lines of business
and carrying the same products.
As
the history of the subject in Hong Kong is just over two years and nine months,
on the whole, consider it good for normal business engagements on L/C basis for
the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
UK Pound |
1 |
Rs.86.74 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
<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.