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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
COOL
SALES LTD. |
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Registered Office : |
c/o Hashmi Secretarial
Services Ltd., Unit B, 3/F., |
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Country : |
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Date of Incorporation : |
20.05.2011 |
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Com. Reg. No.: |
58395603 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler
of all kinds of mobile phones and accessories, etc. |
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No. of Employees : |
01 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
COOL SALES
LTD.
c/o Hashmi
Secretarial Services Ltd.
Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2366 0401
FAX: 2367 7505
E-MAIL: hashmi@netvigator.com
Managing Director: Mr. Wasim Akram ALAUDEEN
Incorporated on: 20th May, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: Too early to obtain figure.
Employees: 1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Hashmi Secretarial Services Ltd.
Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong.
58395603
1604697
Managing Director: Mr. Wasim Akram ALAUDEEN
Contact Person: Mr. Moosa Sadat
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry
dated 20-05-2011)
|
Name |
|
No. of share |
|
Company Kit Secretarial Services Ltd., Hong Kong. |
|
1 = |
(As per registry
dated 05-03-2012)
|
Name (Nationality) |
Address |
|
Wasim Akram ALAUDEEN |
11 Lalbahuthoor Sasthiri Street, Pudhur (PO), Ilayangudi (TK), Sivagangai-Dist, India. |
(As per registry
dated 05-03-2012)
|
Name |
Address |
Co.
No. |
|
Hashmi Secretarial Services Ltd. |
Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong. |
0770656 |
The subject was incorporated on 20th May, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit A, 3/F., Cheong Sun Tower,
116‑118 Wing Lok Street, Sheung Wan, Hong Kong, moved to the present address with effect from 5th March, 2012.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of mobile phones and accessories, etc.
Employees: 1.
Commodities Imported: China, etc.
Markets: India, other Asian countries, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued just one ordinary share of HK$1.00, Cool Sales Ltd. is wholly owned by Company Kit Secretarial Services Ltd. which is a Hong Kong-registered secretarial firm. The director of the subject Wasim Akram ALAUDEEN is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at ‘Unit B, 3/F., Chun Wah Commercial Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong’ known as ‘Hashmi Secretarial Services Ltd.’ which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has had a representative or contact person Mr. Moosa Sadat in Hong Kong. Moosa Sadat can be reached at the phone number 852-5440 8880. This is a residential line belongs to Moosa Sadat’s residence.
The subject is a mobile phone and accessories trader. Most of its commodities are sourced from China. India is its prime market.
It is likely that the subject has got an associated company in India which is also operated by ALAUDEEN.
The subject’s business is still under development. History in Hong Kong is less than a year.
Since the subject does not have its own operating office in Hong Kong and history is short, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
UK Pound |
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
---- |
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.