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Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAJAB TRADERS LTD. |
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Registered Office : |
Flat B4, 12/F., Tsim Sha Tsui Mansion, 83 Nathan Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
12.07.2011 |
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Com. Reg. No.: |
58650869 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF MOBILE PHONES,
BATTERY, MEMORY CARD OF MOBILE PHONES, ETC. |
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No. of Employees : |
3. (Including associates) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
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 – 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 |
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Restricted |
C2 |
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Off-credit |
D |
RAJAB TRADERS
LTD.
Address:
Flat B4, 12/F., Tsim Sha Tsui Mansion,
83 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong.
(Formerly located at:
Flat F, 13/F., Golden Crown Court,
66-70 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong)
PHONE: 2366 8552, 3119 7291
MOBILE: 9323 0191, 6082 1073
FAX: 2366 5744
E-MAIL: rajab@netvigator.com
salihurakin@netvigator.com
Manager: Mr. Seyed Ahamed Seyed
Mohamed Salihu
Incorporated on: 12th
July, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Mobile Phone Trader.
Employees:
3. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Flat B4, 12/F., Tsim Sha Tsui Mansion, 83 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong.
Associated/Affiliated Companies:-
My Creations, Hong Kong. (Same
address)
Rajab Gem Corporation, Hong Kong.
(Same address)
Rajab Traders, Hong Kong. (Same
address)
Su-Raj Inter Gold (HK), Hong Kong.
(Same address)
Su-Raj Inter Gold DMCC, UAE.
Su-Raj Inter Gold Inc., USA.
Su-Raj Inter Gold Pvt. Ltd., Thailand.
58650869
1630100
Manager: Mr. Seyed Ahamed Seyed
Mohamed Salihu
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry dated 12-07-2011)
|
Name |
|
No. of shares |
|
Seyed Ahamed Seyed Mohamed SALIHU |
|
100,000 ====== |
(As per registry dated 12-07-2011)
|
Name (Nationality) |
Address |
|
Seyed Ahamed Seyed Mohamed SALIHU |
Flat F, 13/F., Golden Crown Court, 70 Nathan Road, Tsimshatsui, Kowloon,
Hong Kong. |
(As per registry dated 12-07-2011)
|
Name |
Address |
Co. No. |
|
Pioneer Consultants Ltd. |
Flat B, 7/F., Shing Hing Commercial Building, 21-27 Wing Kut Street,
Central, Hong Kong. |
0670846 |
The subject was incorporated on 12th July, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Initially the subject was located at Flat F, 13/F., Golden Crown Court,
66‑70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to the
present address in October 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Mobile
phones, battery, memory card of mobile phones, etc.
Employees: 3. (Including associates)
Commodities Imported: India, Thailand, Belgium, Israel, Sri Lanka, etc.
Markets: Japan,
Taiwan, other Asian countries, Middle East, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
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 100,000 ordinary shares of HK$1.00 each, Rajab Traders
Ltd. is wholly owned by Seyed Ahamed Seyed Mohamed Salihu who is an
Indian. He is a Hong Kong ID Card holder
and has got the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject moved to the present address in October 2011.
The subject has had an associated company Rajab Gem Corporation [RGC]
located at its operating address.
The subject is trading in the following commodities: mobile phones,
battery, memory card of mobile phones, etc.
It has registered with the Office of the Telecommunications Authority
[OFTA], 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 RU00148317-RU.
The subject has had another associated company Rajab Traders located at
the same operating address. Rajab
Traders is also a mobile phone trader.
It is engaged in the same lines of business as the subject.
Rajab Traders also has registered with the Office of the
Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the
People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. It bears the licence No. of RU00137491-RU.
RGC is a partnership jointly owned by three Indian, namely, Mr. Seyed
Ahamed Seyed Mohamed Salihu, Mr. Seyed Mohamed Salihu Seyed Ahamed and Mr.
Mohamed Noohu Seyed Mohamed Salihu.
Business commenced in August 1973, RGC is trading in loose diamonds,
emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or
coloured sapphire, Tanzanite, imitation, 18K gold metal jewellery, etc. Main products are bracelets, brooches,
earrings, necklaces, rings, pendants, etc.
Products are exported to worldwide countries.
Another associate of the subject Su-Raj Inter Gold (HK) is trading in
18K gold jewellery with studded diamond.
It is a member of Hong Kong Jewellery & Jade Manufacturers
Association, Hong Kong.
The subject’s business is chiefly handled by Salihu himself. Business is under development.
The history of the subject in Hong Kong is just over seven months.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis for the time being.
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 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.