|
Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CROME
HK LTD. |
|
|
|
|
Formerly Known As : |
Superfine Overseas
Ltd |
|
|
|
|
Registered Office : |
c/o Marco Solutions Ltd., Flat G, 7/F., Block 1, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
31.01.2011 |
|
|
|
|
Com. Reg. No.: |
53708940 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Manufacturer, Importer and Exporter of all kinds of knitted products, fabrics, garments, etc. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No operating office in Hong Kong |
|
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 |
CROME HK LTD.
c/o Marco Solutions Ltd.
Flat G, 7/F., Block 1, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong.
PHONE: 6603 8340
FAX: 3909 3390
Managing Director: Mr. Vivek Lakra
Incorporated on: 31st January, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$1.00
Business Category: Manufacturer, Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Registered Head Office:-
c/o Marco Solutions Ltd.
Flat G, 7/F., Block 1, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong.
Affiliated Companies:-
Bison London, India.
Superfine Knitters Ltd.
269, Industrial Area-A, Ludhiana-141003, Punjab, India.
[Tel: 91-161-4689900; Fax: 91-161-2221360]
53708940
1557946
Managing Director: Mr. Vivek Lakra
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry
dated 31-01-2012)
|
Name |
|
No. of share |
|
Vivek LAKRA |
|
1 = |
(As per registry
dated 31-01-2012)
|
Name (Nationality) |
Address |
|
Vivek LAKRA |
Superfine Knitters Ltd., 269, Industrial Area “A”, Ludhiana-141003, India. |
(As per registry
dated 31-01-2012)
|
Name |
Address |
Co.
No. |
|
Macro Solutions Ltd. |
Flat G, 7/F., Block 1, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong. |
1216317 |
The subject was incorporated on 31st January, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Superfine Overseas Ltd., name changed to the present style on 28th July, 2011.
Formerly the subject was located at Flat C, 19/F., Block 3, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong, moved to the present address in late 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Manufacturer, Importer and Exporter.
Lines: All kinds of knitted products, fabrics, garments, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: China, Japan, other Asian countries, etc.
Annual Turnover: Not reported.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
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.
Formerly known as Superfine Overseas Ltd., Crome HK Ltd. is wholly-owned by Mr. Vivek Lakra who is an Indian. The subject has just issued one ordinary share of HK$1.00 which is owned by Lakra. Lakra is an India passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Flat G, 7/F., Block 1, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong known as Marco Solutions Ltd. which is handling its correspondences and documents. Operated by an India, Marco Solutions Ltd. is also the corporate secretary of the subject. This firm is in a residential building. The subject has no employees in Hong Kong.
To our knowledge, the subject has had an affiliated company in India known as Superfine Knitters Ltd. [Superfine Knitters].
Lakra is also the director of Superfine Knitters.
Superfine Knitters is trading in all kinds of knitted products such as knitted garments and knitted fabrics. It was a small fabric knitting firm which commenced business in 1980 and now it has become a large export firm exporting knitted fabrics and garments (such as T-shirts) in India.
Superfine Knitters is supposed to be owned by the Lakra family in India. It is headed by Mr. Ajit Lakra, M.Sc.(Chemistry), having 30 years of experience in knitted fabrics.
It is likely that Superfine Knitters deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Superfine Knitters also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not very active. History in Hong Kong is just about a year and four 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 secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.