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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GREAT
MEGA HOLDINGS LTD. |
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Registered Office : |
c/o Kwun
Tong Business Centre, Room 10A, 7/F., Unit A, Morlite Building, 40 Hung To
Road, Kwun Tong, |
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Country : |
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Date of Incorporation : |
23.02.2012 |
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Com. Reg. No.: |
59445392 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler
of all kinds of mobile phones and accessories, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New company |
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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 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GREAT MEGA HOLDINGS
LTD.
c/o Kwun Tong Business Centre
Room 10A, 7/F., Unit A, Morlite Building, 40 Hung To Building, Kwun Tong, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
Managing Director: Mr. Rajiv Seth
Incorporated on: 23rd February, 2012.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: Too early to obtain figure.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Registered
Office:-
c/o Kwun Tong Business Centre
Room 10A, 7/F., Unit A, Morlite Building, 40 Hung To Road, Kwun Tong, Kowloon, Hong Kong.
Associated
Company:-
RV Solutions Pvt. Ltd.
Registered Office: 261, Gulmohar Enclave, New Delhi – 110049.
Corporate Office: 177 Adharshila, Gulmohar Park Road, New Delhi – 110 049
[Tel: 91-011-4518 4518, 46083235, 46083236
Fax: 91-011-4518-4519 ]
59445392
1709127
Managing Director: Mr. Rajiv Seth
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated
10-03-2012)
|
Name |
|
No. of shares |
|
GNL 12 Ltd., Hong Kong. |
|
1 |
|
Rajiv SETH |
|
9,999 |
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|
|
–––––– |
|
|
Total: |
10,000 ===== |
(As per registry
dated 10-03-2012)
|
Name (Nationality) |
Address |
|
Rajiv SETH |
261, Gulmohar Enclave, New Delhi 110019, India. |
(As per registry
dated 10-03-2012)
|
Name |
Address |
Co.
No. |
|
Cornwall Secretarial Services Ltd. |
Room 903, 9/F., 280 Portland Street, Mong Kok, Kowloon, Hong Kong. |
0953542 |
The subject was incorporated on 23rd February, 2012 as a private limited liability company under the Hong Kong Companies Ordinance.
At the very beginning, 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 16th April, 2012.
The above-mentioned address is the operating address of GNL 12 Ltd. which is a Hong Kong-registered firm. It is a commercial service provider which is also a founder of the subject.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of mobile phones and accessories, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: India, other Asian countries, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Great Mega Holdings Ltd. is wholly owned by Mr. Rajiv Seth who is an Indian. He 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 business centre located at ‘Room 10A, 7/F., Unit A, Morlite Building, 40 Hung To Building, Kwun Tong, Kowloon, Hong Kong’ which is handling its correspondences and documents.
The subject has no employees in Hong Kong.
The subject is trading in all kinds of mobile phones and accessories. It is carrying GSM/PCS mobile phones and accessories such as Nokia, Sony Ericsson, Samsung, LG, Sharp, Panasonic/NEC, etc. and other branded products manufactured in China.
The subject has registered with the Office of the Communications Authority (OFCA), The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of RU00153041 - RU.
The subject’s products are sourced from China and the other Asian countries and exported to India and foreign countries. Business is under development.
The subject has got an associated company in New Delhi, India known as RV Solutions Pvt. Ltd. [RV Solutions]. Rajiv Seth is the Chairman of this firm.
RV Solutions is a business group with its line of practice encompassing import and software services. Its Import Division is engaged in importing and distributing of GSM and/or CDMA Mobile Phones manufactured in China.
RV Solutions has expanded its business affiliations abroad. A Quality Control Office has been set up in Shenzhen Special Economic Zone, China. Its Software Division involves collaborating with the clients to understand their complex business needs and providing on-time, on-budget, and quality services. The present software undertakings include Content Management Systems ranging from Human Resource MS to Data Tracking Operational Solutions. The clients of the Software Division include Government Organisations in India. The annual sales turnover of RV Solutions is about INR 200 crores.
It is likely that RV Solutions deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. RV Solutions 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 active. History in Hong Kong is over three 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 |
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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 |
|
---- |
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.