|
Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
WINLAND GARMENTS LTD. |
|
|
|
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Registered Office : |
G/F., 308 Tseng Tau Tsuen, Sai Sha Road, Sai Kung, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
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Date of Incorporation : |
23.12.2010 |
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|
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Com. Reg. No.: |
54136425 |
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Legal Form : |
Not Available |
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Line of Business : |
Importing and Exporting of all kinds of garments |
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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 |
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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 – September 30, 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 and
address
WINLAND GARMENTS
LTD.
ADDRESS:
Registered Office:-
G/F., 308 Tseng Tau Tsuen, Sai Sha Road, Sai Kung, New Territories, Hong
Kong.
BUSINESS
REGISTRATION NUMBER
54136425
COMPANY FILE NUMBER
1543862
DATE OF INCORPORATION
23rd December, 2010.
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
SHAREHOLDER
(As per registry dated 23-12-2011)
|
Name |
|
No. of shares |
|
Arun KOTHIYAL |
|
10,000 ===== |
DIRECTOR
(As per registry dated 23-12-2011)
|
Name (Nationality) |
Address |
|
Arun KOTHIYAL |
NL2 Building, No. 8, Room No. A3, Sector 09, Nerul Navi, Mumbai
400706, MS, India. |
SECRETARY
(As per registry dated 23-12-2011)
|
Name |
Address |
Co. No. |
|
Regent Secretarial and Tax Consultants Ltd. |
Room 1601, 16/F., 113 Argyle Street, Mongkok, Kowloon, Hong Kong. |
0610447 |
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Winland Garments
Ltd. is wholly owned by Mr. Arun Kothiyal who is an Indian. He is an India passport holder and does not
have the right to reside in Hong Kong permanently. Kothiyal is also the only director of the
subject.
The subject does not have its own operating office. Its registered address is in a private
village building located at G/F., 308 Tseng Tau Tsuen, Sai Sha Road, Sai Kung,
New Territories, Hong Kong. The
residential building is not trespassed by outsiders. It has no employees in Hong Kong.
The subject’s telephone number and fax number have not registered with
local telephone company nor listed on telephone directories.
The subject is a garment trader.
To our knowledge, the subject has had a representative in Hong
Kong. The representative who is a
Hongkongnese is residing at the above-mentioned address. The representative is responsible for
handling the subject’s importing and exporting documents.
The subject is engaged in sourcing all kinds of garments from China and
the other Asian countries and exporting to India, other Asian countries,
Europe, etc. Business is still under
development.
It is likely that the subject has got an associated company in India
which is also operated by Kothiyal.
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 in Hong Kong.
The history of the subject in Hong Kong is just over a year and two
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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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.