MIRA INFORM REPORT

 

 

Report Date :           

31.03.2012

 

IDENTIFICATION DETAILS

 

Name :

QM  GROUP  LTD.

 

 

Registered Office :

c/o ICS Trust (Asia) Ltd., 6/F., St. John’s Building, 33 Garden Road, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

27.08.2007

 

 

Com. Reg. No.:

38330170

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Garment Trader

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

 

 

Payment Behaviour :

Unknown

 

 

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)

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

 

QM  GROUP  LTD.

 

 

Company ADDRESS

 

Registered Head Office:-

c/o ICS Trust (Asia) Ltd.

6/F., St. John’s Building, 33 Garden Road, Central, Hong Kong.

[Tel: 2854 4544;  Fax: 2543 5555]

 

Holding Company:-

Must International Trading Pte. Ltd., Singapore.

 

Associated Companies:-  (Same address)

Manta Ray Ltd., Hong Kong.

San Yan Fashion Ltd., Hong Kong.  [Dormant]

Skyhawk Ltd., Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

38330170

 

 

COMPANY FILE NUMBER

 

1161768

 

 

DATE OF INCORPORATION

 

27th August, 2007.

 

 

CAPITAL

 

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

 

Issued Share Capital: HK$2.00

Alternation of Capital:-

27-08-2007

paid up

HK$2.00

=======

 

 

SHAREHOLDER  

(As per registry dated 27-08-2011)

 

Name

 

No. of shares

Must International Trading Pte. Ltd.

5002 Ang Mo Kio Avenue 5, #02-07, Techplace II, Singapore 569871.

 

2

=

 

 

DIRECTOR    

(As per registry dated 21-12-2011)

 

Name

(Nationality)

 

Address

Siracharin SIRIPORNPERMSAK

711/320 Bann Munthana Soi 58, Rangsit Klong 2 Road, Prachathipat, Thanyaburi, Pathumthani 12130, Thailand.

 

 

SECRETARY 

(As per registry dated 27-08-2011)

 

Name

Address

Co. No.

ICS Secretaries Ltd.

6/F., St. John’s Building, 33 Garden Road, Central, Hong Kong.

0189973

 

 

GENERAL

 

QM Group Ltd. was incorporated on 27th August, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.  It has issued 2 ordinary shares of HK$1.00 each which are wholly owned by Must International Trading Pte. Ltd. [MIT], a Singapore-based firm.

The subject commenced dormancy on 6th January, 2012.

At the beginning, the 2 ordinary shares were held by Winter Services Ltd. [Winter Services] which was a Belize-incorporated firm.  Winter Services transferred the two shares to Mr. Bussakorn Pumeesat on 27th August, 2007.  Mr. Bussakorn Pumeesat transferred his shares to Mr. Siracharin Siripornpermsak who transferred his shares to MIT on 4th May, 2011.  MIT is the current holding company.  Siracharin Siripornpermsak is also the only director of the subject.  He is a Thailand passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Last time, the subject’s registered address was located at c/o Winter Secretaries Ltd., Room 8, 4/F., New Henry House, 10 Ice House Street, Central, Hong Kong, moved to the present address in August 2011.  The subject changed its registered address because it has changed its commercial service provider.  Its registered office is in a commercial service firm located at 6/F., St. John’s Building, 33 Garden Road, Central, Hong Kong, Hong Kong known as ICS Trust (Asia) Ltd. which is handling its correspondences and documents.  The associate of this firm ICS Secretaries Ltd. is the corporate secretary of the subject.

The subject has no employees in Hong Kong.

The subject is a garment trader.  Commodities are imported from China, Taiwan, Thailand and other Asian countries.  Prime markets are Singapore, other Asian countries, Europe and North America.

The subject’s business in Hong Kong is not active.  It has become dormant since 6th January, 2012.  History in Hong Kong is about four years and seven months.

Since the subject has been dormant, consider it not suitable for any business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.72

Euro

1

Rs.68.34

 

 

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.