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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
OCEAN HUGE LTD. |
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Registered Office : |
C/o Buttar & Associates Unit O, 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 : |
31.12.2010 |
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Com. Reg. No.: |
53629144 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF MOBILE PHONES, DVDS, LCD TVS, MP3,
MP4, OTHER ELECTRONIC PRODUCTS, ETC. |
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No. of Employees : |
Nil. |
RATING & COMMENTS
|
MIRAs 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 Ko0ng |
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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 |
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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 |
OCEAN HUGE
LTD.
ADDRESS: c/o Buttar & Associates
Unit O, 1/F., Mau Lam Commercial Building, 16-18
Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
Managing Director: Mr. Robin
Robert
Incorporated on: 31st
December, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Electronic Product Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Buttar & Associates
Unit O, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong.
Associated Company:-
Shenzhen Ocean Huge Ltd., China.
53629144
1546464
Managing Director: Mr. Robin
Robert
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 31-12-2011)
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Name |
|
No. of shares |
|
Robin ROBERT |
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10,000 ===== |
(As per registry dated 31-12-2011)
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Name (Nationality) |
Address |
|
Robin ROBERT |
H. No. 518, G/F., Jhenda Colony, Asola Delhi 110074, India. |
(As per registry dated 31-12-2011)
|
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 31st December, 2010 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: Mobile
phones, DVDs, LCD TVs, MP3, MP4, other electronic products, etc.
Employees: Nil.
Commodities Imported: China.
Markets: India,
other Asian countries, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
pre-payment, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Kept
a balance account in 2011.
Condition: Business
is under development.
Facilities: Trying
to make use of general banking facilities.
Payment:
Unknown
Commercial Morality: Fairly
satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing:
Small.
Ocean Huge Ltd. was incorporated in December 2010 as a private limited liability
company wholly-owned by Mr. Robin Robert.
He is an India passport holder and does not have the right to reside in
Hong Kong permanently. He is the only
director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit O, 1/F., Mau Lam Commercial Building, 16-18 Mau
Lam Street, Jordan, Kowloon, Hong Kong known as Buttar & Associates which
is handling its correspondences and documents.
An associate of this firm Buttar.HK Ltd. is the corporate secretary of
the subject. Buttar.HK Ltd. is also
located at the above-mentioned address.
The subject has no employees in Hong Kong.
The subject has got an associated company Shenzhen Ocean Huge Ltd. which
is also operated by Robert. Currently,
Robert is in Shenzhen Special Economic Zone.
He can be reached at his mobile phone number 86‑55‑3715365574.
According to the subject, it is trading in the following commodities:
mobile phones, DVDs, VCDs, LCD TVs, MP3, MP4, other electronic products,
accessories, etc. Most of the
commodities are sourced from China.
According to Robert, he has developed business ties with a number of
suppliers and manufactures in Shenzhen Special Economic Zone, China. Prime markets are India, other Asian
countries, etc. Business is still under
development.
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.49.84 |
|
|
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 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.