MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

GOLDEN  LIFE  HK

 

 

Registered Office :

Flat D, 10/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.01.2010

 

 

Com. Reg. No.:

51770925-000-01

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of Mobile phones, accessories, etc.

 

 

No. of Employees :

Not available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

GOLDEN  LIFE  HK

 

 

Company ADDRESS

 

Flat D, 10/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Ms. Priyanka Jain

 

 

SUMMARY

 

Establishment:              20th January, 2010.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

Flat D, 10/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

51770925-000-01

 

 

MANAGEMENT

 

Manager:  Ms. Priyanka Jain

 

 

SOLE PROPRIETOR

 

Name:                           Ms. Priyanka JAIN

Residential Address:      10/347 Malviya Nagar, Jaipur (RAJ), India.

 

 

HISTORY

 

The subject was established on 20th January, 2010 as a sole proprietorship concern owned by Ms. Priyanka Jain under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat E, 13/F., Hill Wood Court, 22‑26 Hill Wood Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in August 2010.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Mobile phones, accessories, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, etc.

 

Markets:                       India, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

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:     Satisfactory

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Golden Life HK is a sole proprietorship set up and owned by Ms. Priyanka Jain who is an Indian businesswoman.  She is an India passport holder and does not have the right to reside in Hong Kong permanently.  She is also the manager of the subject.

The subject does not have its own operating office.  Its registered address is in a private building located at Flat D, 10/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.  This is supposed to be the residence of Jain when she is in Hong Kong.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

Your given phone number 852-9250 8184 seems belong to Jain.  But no body can be reached via this number as the owner has turned off the mobile phone.  The residential building is not trespassed by outsiders.

The subject has no employees in Hong Kong.  It is a mobile phone trader.  In 2010, the subject’s name was in the list of Radio Dealer (Unrestricted) Licensee issued by the Communication Authority [CA], the Government of Hong Kong SAR, the People’s Republic of China.  However, in the latest issue of the name list, the name of the subject cannot be found any more.  It is likely that Jain currently is not in Hong Kong.

It is also likely that the subject has got an associated company in India which is also operated by Jain.  The India firm is also a mobile phone trader.

The subject is just a one-person company.  Business is chiefly handled by Jain herself.

Since the registered office of the subject is in a residential building, on the whole, consider it good for normal business engagements on secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

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

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.