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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
H
WEAR LTD. |
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Registered Office : |
c/o RYA Management Ltd., Room 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon |
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Country : |
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Date of Incorporation : |
06.12.2006 |
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Com. Reg. No.: |
37426336 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
subject is a
garment trader |
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No. of Employees : |
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 : |
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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
H WEAR LTD.
Registered
Office:-
c/o RYA Management Ltd.
Room 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.
[Tel: 2781 2126; Fax: 2781 0816]
37426336
1093021
6th December, 2006.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 06-12-2011)
|
Name |
|
No. of shares |
|
Kadher Batcha KARAI SHANDU MOHAMED |
|
10,000 ===== |
(As per registry
dated 06-12-2011)
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Name (Nationality) |
Address |
|
Kadher Batcha KARAI SHANDU MOHAMED |
Room 603, 5 Hao, 19 Nong, Ronghua West Road, Shanghai, China. |
(As per registry
dated 06-12-2011)
|
Name |
Address |
Co.
No. |
|
RYA Management Ltd. |
Room 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong. |
0627200 |
H Wear Ltd. was incorporated on 6th December, 2006 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 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong known as RYA Management Ltd. which is handling its correspondences and documents. RYA Management Ltd. is also the corporate 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. Kadher Batcha Karai Shandu Mohamed who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Karai Shandu Mohamed is the only director of the subject and currently residing in Shanghai, China. He cannot be reached.
The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.
It seems that the subject is a garment trader. It is also likely that the subject has got an affiliated company in Shanghai, China which is also operated by Karai Shandu Mohamed.
The Shanghai firm seems to be a buying office. It is responsible for sourcing commodities, mostly garments, in Shanghai and neighbouring areas and exporting to India, Europe, North America, etc.
The Shanghai firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The Shanghai firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong. India is one of its prime markets.
The subject’s business in Hong Kong is not active. History is over five years and five 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 secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
|
UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.