|
Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEXASIA TRADING
(HK) LTD. |
|
|
|
|
Registered Office : |
c/o Prima
Secretaries Ltd. Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
05.10.2007 |
|
|
|
|
Com. Reg. No.: |
38505696 |
|
|
|
|
Legal Form : |
Private Limited Liability |
|
|
|
|
Line of Business : |
Trader of leather garments like leather jackets, leather long coats,
etc. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
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 |
|
Status : |
No operating Office in Hong Kong |
|
Payment Behaviour : |
Unknown |
|
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 |
TEXASIA TRADING
(HK) LTD.
Registered
Office:-
c/o Prima
Secretaries Ltd.
Suite 605, 6/F., China
Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
[Tel: 2376
3611; Fax: 2736 5115]
Associated
Company:-
Ishan
International
1/F., 199 Jor
Bagh, New Delhi 110003, India.
[Tel: 91-11-2638
9140; Fax: 91-11-2461 1081]
38505696
1173229
5th October, 2007.
Nominal Share
Capital: HK$1,000,000.00 (Divided into 100,000 shares of HK$10.00 each)
Issued Share
Capital: HK$10.00
(As per registry dated 05-10-2011)
|
Name |
|
No.
of share |
|
Martin James Colin GRAHAM |
|
1 = |
(As per registry dated 05-10-2011)
|
Name (Nationality) |
Address |
|
Martin James
Colin GRAHAM |
1/F., 199 Jor Bagh, New Delhi 110003, India. |
(As per registry dated 05-10-2011)
|
Name |
Address |
Co.
No. |
|
Prima
Secretaries Ltd. |
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong. |
0569406 |
Texasia
Trading (HK) Ltd. was incorporated on 5th October, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Oracle Investments (HK) Ltd., name
changed to the present style on 8th December, 2010.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Suite
605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong
Kong known as Prima Secretaries Ltd. [Prima] which is handling its
correspondences and documents. Prima is
also the corporate secretary of the subject.
Your given phone number 2376 3611 and fax number 2736 5115 belong to
Prima.
Formerly
the subject was located at c/o Prima Secretaries Ltd., Suite 1402, 14/F., 1
Duddell Street, Central, Hong Kong, moved to the present address as Prima moved
to the present address in November 2009, so did the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 1 ordinary share
of HK$10.00 which is owned by Mr. Martin James Colin Graham who is a UK
passport holder. He is also the only
director of the subject. Currently,
Graham is residing in New Delhi, India.
It
is likely that Graham is operating a firm in India known as Ishan
International. Ishan International is a
manufacturer and exporter of leather and leather garments like leather jackets,
leather long coats, etc. Products are
exported to the United Kingdom, other European countries, North America, etc.
Graham’s
registered address is also the operating address of Ishan International in
India. It is also 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 has been banking with The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong. Business in Hong Kong is
not active although its history is over four years 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.