|
Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GREAT STAR WORLDWIDE LTD. |
|
|
|
|
Registered Office : |
Flat A, 16/F., Century House, 3-4 Hanoi Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.09.2010 |
|
|
|
|
Com. Reg. No.: |
52893126 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF ALL KINDS OF MOBILE PHONES AND
ACCESSORIES, ETC. |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRAs 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 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 |
GREAT STAR
WORLDWIDE LTD.
Address:
Flat A, 16/F., Century House,
3-4 Hanoi Road, Tsimshatsui,
Kowloon, Hong Kong.
(Formerly located at:
Flat A6, 15/F., Hankow Centre,
47 Peking Road, Tsimshatsui,
Kowloon, Hong Kong.)
PHONE: 2723 3334, 5165 1624
Managing Director: Mr. Ahmed
Mohiadeen Shahul Hameed
Incorporated on: 1st
September, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Mobile Phone Trader.
Employee:
1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Flat A, 16/F., Century House, 3-4 Hanoi Road, Tsimshatsui, Kowloon,
Hong Kong.
52893126
1500054
Managing Director: Mr. Ahmed
Mohiadeen Shahul Hameed
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry dated 01-09-2011)
|
Name |
|
No. of shares |
|
Ahmed Mohiadeen SHAHUL HAMEED |
|
1,000,000 ======= |
(As per registry dated 01-09-2011)
|
Name (Nationality) |
Address |
|
Ahmed Mohiadeen SHAHUL HAMEED |
177F Sadukai Street, Kayalpatnam-628204, Thoothukudi District, Tamil
Nade, India. |
(As per registry dated 01-09-2011)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
0975326 |
The subject was incorporated on 1st September, 2010 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room A6, 15/F., Hankow Centre,
47 Peking Road, Tsimshatsui, Tsimshatsui, 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: Importer
and Exporter.
Lines: All
kinds of mobile phones and accessories, etc.
Employee: 1.
Commodities Imported: Europe, Asian countries, etc.
Markets: India,
other Asian countries, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C,
pre-payment, etc.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
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: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong.
Standing: Small.
Having issued 1 million ordinary shares of HK$1.00 each, Great Star
Worldwide Ltd. is wholly owned by Mr. Mr. Ahmed Mohiadeen Shahul Hameed who is
an Indian. He is a Hong Kong ID Card holder
and has got the right to reside in Hong Kong permanently. Shahul Hameed is also the managing director
of the subject. The subject moved to the
present address in late 2011.
The subject is trading in all kinds of mobile phones and
accessories. It is carrying GSM/PCS
mobile phones and accessories such as Motorola, Nokia, Sony Ericsson, Samsung, LG, Sharp, Panasonic/NEC, etc.
The subject has registered with the Office of the Telecommunications Authority
[OFTA], The Government of Hong Kong SAR, the Peoples Republic of China as a
Radio Dealer (Unrestricted) Licensee.
The subject bears the licence No. of RU00141969-RU.
It is likely that the subject has got an associated company in India
which is also trading in mobile phones.
The subject is just a one-man company.
History in Hong Kong is just over a year and six months. Business is still under development.
Since the history of the subject is short in Hong Kong, consider it good
for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
|
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.49 |
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 SCs 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.