MIRA INFORM REPORT
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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
UNITED
INDUSTRIAL GROUP (ASIA)
LTD. |
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Registered Office : |
c/o OCRA (Hong Kong) Ltd., Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central |
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Country : |
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Date of Incorporation : |
30.09.2006 |
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Com. Reg. No.: |
37215757 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Steel products, palm oil, etc. |
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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 |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 |
UNITED INDUSTRIAL GROUP
(ASIA) LTD.
c/o OCRA (Hong Kong) Ltd.
Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong.
PHONE: 3101 0015, 2522 0172
FAX: 2521 1190, 2522 4720
E-MAIL: uigasia@biznetvigator.com
Managing Director: Mr. Rama Krishna Gaddey
Incorporated on: 30th September, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$39,000,000.00
Issued: HK$15,600,100.00
Business Category: Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o OCRA (Hong Kong) Ltd.
Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong.
37215757
1077830
Managing Director: Mr. Rama Krishna Gaddey
Nominal Share Capital: HK$39,000,000.00 (Divided into 39,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$15,600,100.00
(As per registry
dated 30-09-2011)
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Name |
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No. of shares |
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Rama Krishna GADDEY |
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15,600,100 ======== |
(As per registry
dated 30-09-2011)
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Name (Nationality) |
Address |
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Rama Krishna GADDEY |
98C, Sanjeeva Reddy Nagar, Hyderabad 500004, India. |
(As per registry
dated 30-09-2011)
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Name |
Address |
Co.
No. |
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First Secretaries Asia Ltd. |
Room 3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong. |
0316976 |
The subject was incorporated on 30th September, 2006 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: Steel products, palm oil, etc.
Employees: Nil.
Commodities Imported: Russia, China, other Asian countries, etc.
Markets: New Zealand, Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/A, etc.
Nominal Share Capital: HK$39,000,000.00 (Divided into 39,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$15,600,100.00
Alternation of Capital:-
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30-09-2006 |
paid up |
HK$ 100.00 |
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01-12-2008 |
paid up |
HK$15,600,000.00 |
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–––––––––––––––– |
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Total: |
paid up |
HK$15,600,100.00 ============== |
Increase of Nominal Capital:-
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From |
HK$1,000.00 |
to |
HK$39,000,000.00 |
on |
01-12-2008 |
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: Unknown
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
United Industrial Group (Asia) Ltd. has issued 15,600,100 ordinary shares of HK$1.00 each which are wholly owned by Mr. Rama Krishna Gaddey who is an Indian. Gaddey is also 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 Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong known as OCRA (Hong Kong) Ltd. [OCRA] which is handling its correspondences and documents. OCRA’s affiliate First Secretaries Asia Ltd. is the corporate secretary of the subject.
The subject has no employees in Hong Kong.
The subject is trading in steel products, AIDC, RFID, palm oil, etc. It trades in steel products, both ferrous and non ferrous. Core products, primarily related to steel industry, such as coke coal, iron ore, scrap, pig iron, and semi finished products, such as billets, slabs,
The subject also offers clients with OEM’s directly to the customers for the supply of Automatic Identification Data Collection Equipment and Radio Frequency Identification Devices. It supplies customers with AIDC and RFID which are the innovations of new technology that is being used in various industries, worldwide.
The subject also provides crop and live stock producers with customized and farm services, especially in the supply of RBD and CPO. It is likely that the subject has got an associated company in India bearing the same name [UIG].
The annual sales turnover of UIG ranges from US$35 to 40 million.
The subject’s business in Hong Kong is not active. History is Hong Kong is over five years and five months.
On the whole, 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.50.59 |
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UK Pound |
1 |
Rs.80.34 |
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Euro |
1 |
Rs.67.14 |
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.