MIRA INFORM REPORT
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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
VINAYAK
ENTERPRISES LTD. |
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Registered Office : |
Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway
Bay |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.07.2011 |
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Com. Reg. No.: |
58788339 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Computer, electronic products, peripherals, telecom products, etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New company |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
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 |
VINAYAK ENTERPRISES LTD.
Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway Bay, Hong Kong.
PHONE: 3798 5172
FAX: 3798 5198
E-MAIL: pradip@vinayakhk.com
Managing Director: Dr. Pradip Kumar Putatunda
Incorporated on: 27th July, 2011.
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: Too early to comment.
Registered Head
Office:-
Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway Bay, Hong Kong.
Associated/Affiliated
Companies:-
Green IT Zone, Hong Kong.
H. Rangel Industries Ltd., Hong Kong.
Harmony Designs Ltd., Hong Kong. [Compulsory winding up]
Hornington Enterprises Ltd., Hong Kong. [Business names: Hornington Computers Co. (BR No. 09107477) and H. Rangel Industries]
Hornington System Ltd.,
Hong Kong.
[Business name: Hornington Computers Co. (BR No. 15946504)]
Hornington Technology Co., Hong Kong.
58788339
1643810
Managing Director: Dr. Pradip Kumar Putatunda
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 27-07-2011)
|
Name |
|
No. of shares |
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Pradip Kumar PUTATUNDA |
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5,000 |
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Rajarshi PUTATUNDA |
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5,000 |
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|
–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 21-11-2011)
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Name (Nationality) |
Address |
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Saptarshi PUTATUNDA |
39/3B Kazipara Road, P.O. Parnashree Pally, Kolkata 700060, West Bengal, India. |
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Pradip Kumar PUTATUNDA |
Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway Bay, Hong Kong. |
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Rajarshi PUTATUNDA |
Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway Bay, Hong Kong. |
(As per registry
dated 27-07-2011)
Pradip Kumar PUTATUNDA
The subject was incorporated on 27th July, 2011 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, Exporter and Wholesaler.
Lines: Computer, electronic products, peripherals, telecom products, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: Asian countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Unknown
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Vinayak Enterprises Ltd. is equally owned by Pradip Kumar Putatunda and Rajarshi Putatunda, both of whom are Indian. Being Hong Kong ID Card holders, they have got the right to reside in Hong Kong permanently. The Putatundas are also directors of the subject.
The subject does not have its own operating office. Its registered address is in a private building located at Flat D, 1/F., Victoria Court, 50 Hing Fat Street, Causeway Bay, Hong Kong. This is the residence of the two Putatundas.
The subject is trading in computer, electronic products, peripherals, IT products, telecom products, etc. Products are exported to Asian countries and the United Kingdom, other European countries, etc. Business is still under development.
The subject is a member of the Chainrai Group. The Group has had a number of associated/affiliated companies in Hong Kong, the United Kingdom and Singapore:-
Chainrai Sons, Hong Kong.
Chainrai, Hong Kong.
Green IT Zone, Hong Kong.
H. Rangel Industries Ltd., Hong Kong.
HAK Computer Co. Ltd., UK.
Hari Exporters & Importers (UK) Ltd., UK.
Hari Holdings Inc., Hong Kong.
Harmony Designs Ltd., Hong Kong. [Compulsory winding up]
Himali Electronics Inc., Hong Kong.
Hornington
Enterprises Ltd., Hong Kong.
H. Rangel Industries, Hong Kong.
Hornington Computers Co., Hong Kong.
Hornington Enterprises Ltd., Singapore.
Hornington Hitech Co., Hong Kong.
Hornington IT School Ltd., Hong Kong. [Dissolved]
Hornington
System Ltd., Hong Kong.
Hornington Computers Co., Hong Kong.
Hornington Technology Co., Hong Kong.
International Money Changers, Hong Kong.
The subject’s business is chiefly handled by the two Putatundas. History in Hong Kong is just over seven months.
On the whole, since the history of the subject is short, consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.