MIRA INFORM REPORT

 

 

Report Date :           

04.05.2012

 

IDENTIFICATION DETAILS

 

Name :

NEXT  GLOBAL  LTD.

 

 

Registered Office :

C/o Ponce & Co. Ltd., Room 324, 3/F., Hankow Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

31.08.2011

 

 

Com. Reg. No.:

58965648

 

 

Legal Form :

Private Limited Liability Company

 

 

LINE OF BUSINESS :

IMPORTER, EXPORTER, WHOLESALER AND TRADING IN LOOSE, POLISHED AND CUT DIAMONDS.

 

 

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 :

New Business        

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 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

 

NEXT  GLOBAL  LTD.

 

 

company ADDRESS

 

Registered Office:-

c/o Ponce & Co. Ltd.

Room 324, 3/F., Hankow Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.

[Tel: 2368 6676;  Fax: 2301 2547]

 

 

BUSINESS REGISTRATION NUMBER

 

58965648

 

 

COMPANY FILE NUMBER

 

1661457

 

 

DATE OF INCORPORATION

 

31st August, 2011.

 

 

CAPITAL

 

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

 

Issued Share Capital:     HK$10,000.00

 

 

SHAREHOLDER

(As per registry dated 31-08-2011)

 

Name

 

No. of shares

Nilesh Manubhai PATHAK

 

10,000

=====

DIRECTOR    

(As per registry dated 31-08-2011)

 

Name

(Nationality)

 

Address

Nilesh Manubhai PATHAK

Flat C, 12/F., Golden Mansion, 83-85 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

 

 

SECRETARY 

(As per registry dated 31-08-2011)

 

Name

Address

Bayani Divion Bautista PONCE

Flat A, 8/F., Tower 5, Caribbean Coast, 2 Kin Tung Road, Tung Chung, Lantau Island, Hong Kong.

 

 

GENERAL

 

Next Global. Ltd. was incorporated on 31st August, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 324, 3/F., Hankow Centre, 5‑15 Hankow Road, Tsimshatsui, Kowloon, Hong Kong known as Ponce & Co. Ltd. which is handling its correspondences and documents.  The owner of this firm Bayani Divion Bautista Ponce is the secretary of the subject.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Nilesh Manubhai Pathak who is an Indian.  He is also the only director of the subject.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  The director of the subject cannot be reached.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

It is likely that the subject is a diamond importer, exporter and wholesaler.  It is trading in loose, polished and cut diamonds.  Most of the commodities are imported from India.  Prime markets are Hong Kong, Japan and the other Asian countries.  Business is still under development.  However, this line of business is unconfirmed.

The subject’s history in Hong Kong is just over two 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 fully secured terms.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.23

UK Pound

1

Rs.86.14

Euro

1

Rs.69.98

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.