MIRA INFORM REPORT

 

 

Report Date :

31.07.2012

 

IDENTIFICATION DETAILS

 

Name :

HAPPY  ERA  LTD.

 

 

Registered Office :

Suite 1801-1802, 18/F., Alliance Building, 130-136 Connaught Road Central, Sheung Wan

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.02.2012

 

 

Com. Reg. No.:

59424015

 

 

Legal Form :

Private Limited Company.

 

 

LINE OF BUSINESS :

TRADER OF ALL KINDS OF DIAMONDS.

 

 

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

 

HAPPY  ERA  LTD.

 

 

Company ADDRESS

 

c/o Popular Corporate Services (HK) Ltd.

Suite 1801-1802, 18/F., Alliance Building, 130-136 Connaught Road Central, Sheung Wan, Hong Kong.

 

PHONE:                  2544 1114

 

FAX:                       2543 8088

 

 

MANAGEMENT

 

Managing Director:  Mr. Sulekha Amit Kumar Chordia

 

 

SUMMARY

 

Incorporated on:             17th February, 2012.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$10,000.00

Issued:                          HK$10,000.00

 

Business Category:        Diamond Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company name  

 

HAPPY  ERA  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Popular Corporate Services (HK) Ltd.

Suite 1801-1802, 18/F., Alliance Building, 130-136 Connaught Road Central, Sheung Wan, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

59424015

 

 

COMPANY FILE NUMBER

 

1706996

 

 

MANAGEMENT

 

Managing Director:  Mr. Sulekha Amit Kumar Chordia

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDERS

(As per registry dated 25-02-2012)

Name

 

No. of shares

GNL12 Ltd., Hong Kong.

 

1

Sulekha Amit Kumar CHORDIA

 

9,999

 

 

–––––

 

Total:

10,000

=====

 

 

DIRECTOR    

(As per registry dated 25-02-2012)

Name

(Nationality)

 

Address

Sulekha Amit Kumar CHORDIA

Flat E, 45/F., Block 16, Caribbean Coast, Crystal Cove,1 Kin Tung Road, Tung Chung, New Territories, Hong Kong.

 

 

SECRETARY 

(As per registry dated 25-02-2012)

Name

Address

Co. No.

Buttar.HK Ltd.

1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

0975326

 

 

HISTORY

 

The subject was incorporated on 17th February, 2012 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject’s registered address was located at 14/F., Chun Wo Commercial Centre, 25 Wing Wo Street, Central, Hong Kong, moved to the present address with effect from 14th March, 2012 as it has changed its commercial service provider since then.

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

 

 

OPERATIONS

 

Activities:                      Diamond Trader.

 

Lines:                           All kinds of diamonds.

 

Employees:                   Nil.

 

Commodities Imported:   India, etc.

 

Markets:                       Hong Kong, other Asian countries, etc.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000.00

 

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:     Too early to comment

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Happy Era Ltd. is wholly owned by Mr. Sulekha Amit Kumar Chordia who is an Indian.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at “Suite 1801-1802, 18/F., Alliance Building, 130-136 Connaught Road Central, Sheung Wan, Hong Kong” known as “Popular Corporate Services (HK) Ltd.” which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

The subject is a diamond importer, exporter and wholesaler.  It is trading in loose, polished and cut diamonds.  Most of the commodities are imported from India.  Prime markets are Hong Kong, Japan and the other Asian countries.  Business is still under development.

The subject is just a one-man company.  Business is chiefly handled by Chordia himself.  He operates his business at his residence in Hong Kong.  History in Hong Kong is just over five months.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.80

UK Pound

1

Rs.87.66

Euro

1

Rs.68.45

 

 

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

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.