MIRA INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MEGA
FORTUNE (ASIA) LTD. |
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Registered Office : |
c/o Axiom Ltd, Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.09.2010 |
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Com. Reg. No.: |
53082198 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
trading in gold and silver |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
---- |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MEGA FORTUNE (ASIA) LTD.
Registered Office:-
c/o Axiom Ltd.
Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong.
53082198
1510676
30th September, 2010.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,002.00
(As per registry
dated 30-09-2011)
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Name |
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No. of shares |
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Novelle Ltd., Hong Kong. |
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1 |
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Vimal Puranmal BANSAL |
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5,001 |
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––––– |
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Total: |
5,002 ==== |
(As per registry
dated 09-12-2011)
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Name (Nationality) |
Address |
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Pratibha Vinod BANSAL |
Apartment A, 3/F., Block 3, Carmen’s Garden, 9 Cox’s Road, Kowloon, Hong Kong. |
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Novelle Ltd. |
Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong. |
(As per registry
dated 30-09-2011)
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Name |
Address |
Co.
No. |
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Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong. |
0113023 |
Mega Fortune (Asia) Ltd. was incorporated on 30th September, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Having issued 5,002 ordinary shares of HK$1.00 each, Mega Fortune (Asia) Ltd. is almost wholly-owned by Mr. Vimal Puranmal Bansal who is an Indian. Bansal currently is residing in the United Arab Emirates.
The director of the subject Pratibha Vinod Bansal who is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject does not have its own operating office. Its registered office is in the operating address of Axiom Ltd. which is located at Room 1503, 15/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong. The subject’s minor shareholder Novelle Ltd. is also located at the above-mentioned address.
The subject has no employees in Hong Kong.
To our knowledge, the subject is trading in gold and silver and other commodities as entrusted by customers.. Commodities are sourced from India, Europe, etc. Prime markets are Hong Kong, Asian countries and the Middle East.
The subject has had some connection with M D Overseas Group which is an India-based firm. The Group is trading in multiple commodities.
The history of the subject in Hong Kong is just over a year and five 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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.62 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.