MIRA INFORM REPORT

 

 

Report Date :           

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KTV  LTD.

 

 

Registered Office :

c/o Manimor Corporate Services Ltd., 42/F., Central Plaza, 18 Harbour Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

18.10.2005

 

 

Com. Reg. No.:

36172568

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

manufacturer of reusable PP woven shopping bags which are either standard or customized

 

 

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 :

---

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

KTV  LTD.

 

 

company ADDRESS

 

Registered Office:-

c/o Manimor Corporate Services Ltd.

42/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.

[Tel: 2909 5555;  Fax: 2810 0032]

 

Head Office & Factory:-

KTV Ltd., Vietnam.

 

 

BUSINESS REGISTRATION NUMBEr

 

36172568

 

 

COMPANY FILE NUMBER

 

1002072

 

 

DATE OF INCORPORATION

 

18th October, 2005.

 

 

CAPITAL

 

Nominal Share Capital:   US$100,000.00 (Divided into 100,000 shares of US$1.00 each)

 

Issued Share Capital:     US$1.00

 

SHAREHOLDER  

(As per registry dated 18-10-2011)

 

Name

 

No. of share

Vicbag Lux SA

15 rue Edward Steichen, L-2540, Luxembourg.

 

1

=

 

 

DIRECTOR

(As per registry dated 18-10-2011)

 

Name

Address

LY Ltd.

P.O. Box 1239, Offshore Incorporations Centre, Victoria, Mahe, Republic of Seychelles.

 

 

SECRETARY 

(As per registry dated 18-10-2011)

 

Name

Address

Co. No.

Manimor Corporate Services Ltd.

[Resigned on 07-11-2011]

42/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.

1133655

 

 

GENERAL

 

KTV Ltd. was incorporated on 18th October, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 42/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong known as Manimor Corporate Services Ltd. [Manimor] which is handling its correspondences and documents.  Formerly Manimor was located at 34/F., The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong, moved to the present address with effect from 13th July, 2009.  Manimor is also the corporate secretary of the subject.  In fact, Manimor is a subsidiary of Mazars CPA Ltd. which is an accountant firm.

Your given phone number 852-2909 5555 and fax number 852-2810 0032 belong to Manimor.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued just 1 ordinary share of HK$1.00 which is owned by Vicbag Lux SA.  Vicbag Lux SA is registered in the Luxembourg.  The director of the subject is LY Ltd.  Nobody of the subject can be reached.  The background of LY Ltd. is unknown to us.

To our knowledge, the subject has got its head office in Vietnam also known as KTV Ltd. [KTV].  KTV is a factory located in Ho Chi Minh City, Vietnam.  It is engaged in manufacturing reusable PP woven shopping bags which are either standard or customized.  Other products include shopping bags, liquid bags, standard bags, etc.  Most of the shopping bags bear the brand name “KTV”.  KTV’s products are exported to Southeast Asia, North and South America, Africa, Eastern and Western Europe, the Middle East, etc.  Business is normal.

The contact person of KTV in Vietnam Mr. Tho Tran Nhu is a Vietnamese.

KTV has been cooperating with large supermarket chains all around the world.  Its reusable bags are claimed to be environmentally friendly.

However, the subject’s business in Hong Kong is not active.

Since the subject does not have its own office and has no employees in hong kong, any business engagements conducted with it on secured basis is advisable.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.94

UK Pound

1

Rs.77.95

Euro

1

Rs.65.94

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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