MIRA INFORM REPORT

 

 

Report Date :

17.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KNOW  HOW  TRADING  LTD.

 

 

Registered Office :

C/o One Nominees Ltd.

Flat C, 16/F., Chinaweal Centre, 414-424 Jaffe Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

01.02.2005

 

 

Com. Reg. No.:

35471177

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Marble and granite, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s 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

 

Company name and address

 

KNOW  HOW  TRADING  LTD.

(Business name: STONE LOVE COMPANY)

 

Address:          

c/o One Nominees Ltd.

Flat C, 16/F., Chinaweal Centre, 414-424 Jaffe Road, Wanchai, Hong Kong.

 

PHONE:            2838 0936

 

FAX:                 2572 2792

 

 

MANAGEMENT

 

Managing Director:  Mr. Vijay Achpal

 

 

SUMMARY

 

Incorporated on:             1st February, 2005.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:            Satisfactory.

ADDRESS

 

Registered Head Office:-

c/o One Nominees Ltd.

Flat C, 16/F., Chinaweal Centre, 414-424 Jaffe Road, Wanchai, Hong Kong.

 

Business Name:-  (Same address)

Stone Love Company, Hong Kong.  [BR No. 35471177-001]

 

Associated/Affiliated Companies:-

Beniamin S.P.J. Co. Ltd. Ningbo Representative Office, China.

Beniamin S.P.J. Co. Ltd., Poland.

Sai Stones Group South Sp.zo.o., Poland.

White Horse Intls, India.

 

 

BUSINESS REGISTRATION NUMBER

 

35471177

 

 

COMPANY FILE NUMBER

 

0949721

 

 

MANAGEMENT

 

Managing Director:  Mr. Vijay Achpal

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDERS

(As per registry dated 01-02-2012)

 

Name

 

No. of shares

Vijay ACHPAL

 

7,500

Deepak ACHPAL

 

2,500

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTOR    

(As per registry dated 01-02-2012)

 

Name

(Nationality)

 

Address

Vijay ACHPAL

Al. Jerozoskie 198, B/8 02-486 Warsaw, Poland.

 

 

SECRETARY

(As per registry dated 01-02-2012)

 

Name

Address

Co. No.

One Nominees Ltd.

Flat C, 16/F., Chinaweal Centre, 414-424 Jaffe Road, Wanchai, Hong Kong.

0359753

 

 

HISTORY

 

The subject was incorporated on 1st February, 2005 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.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Marble and granite, etc.

 

Employees:                   Nil.

 

Materials/Commodities:  Imports raw materials from European countries, some Asian countries and finished products from China.

 

Markets:                       Hong Kong, Japan, other Asian countries, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, etc.

 

FINANCIAL INFORMATION

 

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:                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:                       Met trade commitments as required.

 

Commercial Morality:      Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                       Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Know How Trading Ltd. is jointly owned by Mr. Vijay Achpal, holding 75% interests; and Mr. Deepak Achpal, holding 25%.  Both of whom are Indian.  The former is also the only director of the subject.  He is an India passport holder and does not have the right to reside in Hong Kong permanently

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Flat C, 16/F., Chinaweal Centre, 414‑424 Jaffe Road, Wanchai, Hong Kong known as One Nominees Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.  The subject has no employees in Hong Kong.

The subject’s business name is known as Stone Love Company [Stone Love] which is located at the above-mentioned address.  Vijay Achpal is also the Manager of Stone Love.

We can reach nobody as per your phone number provided 0048605211994.

Currently, Vijay Achpal is residing in Warsaw, Poland while Deepak Achpal is residing in Ningbo City, Zhejiang Province, China.

The subject is a stone and granite trader.

To our knowledge, the subject has had an affiliated firm in India known as White Horse Intls which is trading in granite and marble.  The contact person is Mr. Premnath H. G.  It seems that White Horse Intls is supplying the subject with stone raw materials.

Mr. Deepak Achpal currently is stationing in Ningbo City, Zhejiang Province, China.  He is the contact person of Beniamin S.P.J. Co. Ltd. [Beniamin] Ningbo Representative Office, China.  Beniamin in fact is a Poland-based firm.  This firm is trading in arts, crafts, gifts, pottery, porcelain, ceramics, household items, toys, games, office equipment, kitchenware, sports equipment, body fitness equipment, etc.  The Ningbo office is a buying office in China.

In Poland, Vijay Achpal is operating a firm known as Sai Stones Group South Sp.zo.o. [Sai Stones].  This firm is trading in marble and granite, stone materials, etc.  Sai Stones has penetrated the international market since 2005.  Imported from India, its products have secured a steady market for all Indian colours in granite, marble, sandstone, slate stone, cultural stones and all kinds of natural stones.  Sai Stones also imports polished granite slabs, tiles in all attractive Indian colours; imports wall panels and monuments of various designs in conformity with international standards.  Sai Stones now offers customers with a wide product range, including sandstone, limestone, marble, granite, slate stone and a comprehensive collection of elegant and stylish stone crafts.

The subject is one of the trading arms of Sai Stones and Beniamin.  The history of the subject in Hong Kong is over seven years and a month.

On the whole, since the subject does not have an operating office nor any employees 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.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.