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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
G. SOURCE (HK)
INT'L |
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Registered Office : |
C/o Buttar.HK Ltd. Block G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.11.2007 |
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Com. Reg. No.: |
38577762-000-11 |
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Legal Form : |
Sole Proprietorship |
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LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF ALL KINDS OF MOBILE PHONES AND
ACCESSORIES, ETC. |
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No. of Employees : |
Nil. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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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 |
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Status : |
No Operating Office in Hong Kong |
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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 |
|
Restricted |
C2 |
|
Off-credit |
D |
G. SOURCE
(HK) INT'L
Address: c/o Buttar.HK
Ltd.
Block G,
1/F., Mau Lam Commercial Building,
16-18 Mau
Lam Street, Jordan,
Kowloon,
Hong Kong.
(Your enquiry given as:
G SOURCE (HK) INT’L RADIO of the same address.)
PHONE: 8107 8775
FAX: 8107 8776
Manager: Mr. Amit Luthra
Establishment: 2nd
November, 2007.
Organization: Sole Proprietorship.
Capital:
Not
disclosed.
Business Category: Mobile Phone Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
c/o Buttar.HK Ltd.
Block G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong.
Shenzhen Branch:-
Room 32M, Block B, Xiandai Zhechuang, Huaqiang North Road, Futian
District, Shenzhen Special Economic Zone, China.
[Tel: 86-755-6130 2026; Fax:
86-755-6130 2025]
38577762-000-11
Manager: Mr. Amit Luthra
Name: Mr. Amit LUTHRA
Residential Address: T.650H/7A,
Road No. 21, Durga Mohalla Baljeet Nagar, New Delhi-110008, India.
The subject was established on 2nd November, 2007 as a sole proprietorship
concern owned by Mr. Amit Luthra under the Hong Kong Business Registration
Regulations.
Initially the subject was located at Room A14, 8/F., 58 Nathan Road,
Tsimshatsui, Kowloon, Hong Kong, moved to the present address in November 2009.
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.
Employees: Nil.
Commodities Imported: China, Europe, etc.
Markets: Asian countries, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C,
pre-payment, etc.
Capital: Not disclosed.
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:
Unknown.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
G. Source (HK) Int’l is a sole proprietorship set up and owned by Mr.
Amit Luthra who is an Indian. He is an
India passport holder and does not have the right to reside in Hong Kong
permanently. Being the manager of the
subject, currently he is residing in New Delhi, India.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Block G, 1/F., Mau Lam Commercial Building, 16-18 Mau
Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling
its correspondences and documents.
The subject has no employees in Hong Kong.
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. Some of the commodities are
sourced from China.
The subject 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
RU00136588-RU.
The subject has had a branch company in Shenzhen Special Economic Zone
China which is responsible for sourcing commodities from local suppliers. Products are exported to India, other Asian
countries, the Middle East, etc.
It is likely that the subject has got an associated company in India
which is also operated by Luthra. The
India firm is also a mobile phone trader.
It is 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 subject’s business in Hong Kong is not active. History in Hong Kong is just over four years
and four 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.49.84 |
|
|
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.61 |
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.