MIRA INFORM REPORT
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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
EVERTIME
TRADING LTD. |
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Registered Office : |
c/o Prima
Secretaries Ltd., |
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Country : |
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Date of Incorporation : |
12.09.2007 |
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Com. Reg. No.: |
38503987 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of all kinds of machinery and equipment |
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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 : |
--- |
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) |
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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 |
EVERTIME TRADING LTD.
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
PHONE: 2376 3611, 2916 8239
FAX: 2736 5115, 2869 8767
E-MAIL: info@evertimetradingltd.net
Managing Director: Mr. Saraschandran Cherthedath Ramachandran
Incorporated on: 12th September, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$30,000,000.00
Issued: HK$30,000,000.00
Business Category: Machine Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o Prima Secretaries Ltd.
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
Associated
Company:-
Blue Tone Investment Ltd., Hong Kong.
38503987
1166572
Managing Director: Mr. Saraschandran Cherthedath Ramachandran
Contact Person: Mr. Om Parkash Jain
Nominal Share Capital: HK$30,000,000.00 (Divided into 30,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
(As per registry
dated 12-09-2011)
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Name |
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No. of shares |
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Om Parkash JAIN |
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30,000,000 ======== |
(As per registry
dated 31-10-2011)
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Name (Nationality) |
Address |
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Saraschandran Cherthedath RAMACHANDRAN |
Box 66506, 00800 Westlands, Nairobi, Kenya. |
(As per registry
dated 12-09-2011)
|
Name |
Address |
Co.
No. |
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Prima Secretaries Ltd. |
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong. |
0569406 |
The subject was incorporated on 12th September, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at c/o KMF & Co., Room A, 5/F., Wing Cheong Commercial Building, 19-25 Jervois Street, Sheung Wan, Hong Kong, moved to the present address in December 2010 as it has changed its commercial service provider since then.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter.
Lines: All kinds of machinery and equipment.
Employees: Nil.
Commodities Imported: Europe, Japan, other Asian countries, etc.
Markets: Asian countries, Europe, North America, etc.
Terms/Sales: L/C, T/T, or as per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$30,000,000.00 (Divided into 30,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
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: Unknown
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 30 million ordinary shares of HK$1.00 each, Evertime Trading Ltd. is wholly owned by Om Parkash Jain residing in India . The only director of the subject Saraschandran Cherthedath Ramachandran is residing in Kenya. He is a Kenya passport holder.
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. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
The subject is a machinery trader. It is engaged in sourcing various kinds of machinery and equipment and exporting to worldwide countries.
The subject is trading in the following machines:-
· Hydraulic press machine
· Edge grinding/edge polishing machine
· Cutlery cleaning machine
· Beeding operation machine
· Frame bending machine
· Friction screw press machine
· Static punch press machine
· Coil polishing machine
· Cardboard manufacturing machine
· Metal polishing machine
The subject has claimed having set up a network of clients throughout the world. However, the subject’s business in Hong Kong is not active. History in Hong Kong is over four years and six months.
The subject’s head office seems to be in New Delhi, India. It has had an associated company Bluetone Investment Ltd. [Bluetone] located at the operating address of Prima. Bluetone is also a machinery and equipment trader. The director of Bluetone is also Om Parkash Jain.
Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, 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.51.16 |
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UK Pound |
1 |
Rs.81.72 |
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Euro |
1 |
Rs.68.34 |
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.