|
Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HENWAY
GARMENTS LTD. |
|
|
|
|
Registered Office : |
c/o KNG
Consultants, Unit 605, 6/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.12.2010 |
|
|
|
|
Com. Reg. No.: |
54136417 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Garment Trader of all kinds of garments, including knitted products, etc. |
|
|
|
|
No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
HENWAY GARMENTS LTD.
c/o KNG Consultants
Unit 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong.
PHONE: 2541 4068
FAX: 2541 4069
E-MAIL: henwayltd@yahoo.co.uk
Managing Director: Mr. Mohammed Riyaz Qureshi
Incorporated on: 23rd December, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Garment Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o KNG Consultants
Unit 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong.
54136417
1543941
Managing Director: Mr. Mohammed Riyaz Qureshi
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 23-12-2011)
|
Name |
|
No. of share |
|
Mohammed Riyaz QURESHI |
|
10,000 ===== |
(As per registry
dated 23-12-2011)
|
Name (Nationality) |
Address |
|
Mohammed Riyaz QURESHI |
NL-6/5/2, Sector 09, Nerul Navi Mumbai 400706, India. |
(As per registry
dated 23-12-2011)
|
Name |
Address |
Co.
No. |
|
Regent Secretarial & Tax Consultants Ltd. |
Unit 1601, 16/F., 113 Argyle Street, Mongkok, Kowloon, Hong Kong. |
0610447 |
The subject was incorporated on 23rd December, 2010 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: Garment Trader.
Lines: All kinds of garments, including knitted products, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: UK, other European countries, 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$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Henway Garments Ltd. is wholly owned by Mr. Mohammed Riyaz Qureshi 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 commercial service firm located at ‘Unit 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong’ known as ‘KNG Consultants’ which is handling its correspondences and documents.
Your given address G/F., No. 308 Tseng Tau Tsuen, Sai Sha Road, Sai Kung, New Territories, Hong Kong is the operating address of a firm known as Ample Impex. Operated by an Indian, Ample Impex is also a commercial service provider. It handles some of the trading documents for the subject.
The subject has no employees in Hong Kong.
The subject is a garment trader. It exports garments to the United Kingdom, other European countries, etc. However, most of the products are exported to foreign countries directly from India.
It is likely that the subject has got an associated company in India which is also operated by Qureshi. The India firm is also a garment trader.
It is also likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The India firm also exports commodities to foreign markets under the name of the subject and its registered address or corresponding address in Hong Kong.
The subject’s history in Hong Kong is just over a year and 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 secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.79 |
|
UK Pound |
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.70.07 |
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.