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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
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Name : |
TAKASHI HOLDING LIMITED |
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Registered Office : |
Flat E, 4/F.,
Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.08.2004 |
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Com. Reg. No.: |
34816516 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Kitchen Electric Appliances, Tiles, Coverings, Acoustic Ceiling Tile & Partition, LED Lighting, Luggage, Ladies Bags. |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HONG KONG - ECONOMIC OVERVIEW
Hong
Kong has a free market economy, highly dependent on international trade and
finance - the value of goods and services trade, including the sizable share of
re-exports, is about four times GDP. Hong Kong levies excise duties on only
four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl
alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it
exposed to the global economic slowdown that began in 2008. Although increasing
integration with China, through trade, tourism, and financial links, helped it
to make an initial recovery more quickly than many observers anticipated, it
again faces a possible slowdown as exports to the Euro zone and US slump. The
Hong Kong government is promoting the Special Administrative Region (SAR) as
the site for Chinese renminbi (RMB) internationalization. Hong Kong residents
are allowed to establish RMB-denominated savings accounts; RMB-denominated
corporate and Chinese government bonds have been issued in Hong Kong; and RMB
trade settlement is allowed. The territory far exceeded the RMB conversion
quota set by Beijing for trade settlements in 2010 due to the growth of
earnings from exports to the mainland. RMB deposits grew to roughly 9.1% of
total system deposits in Hong Kong by the end of 2012, an increase of 59% from
the previous year. The government is pursuing efforts to introduce additional
use of RMB in Hong Kong financial markets and is seeking to expand the RMB
quota. The mainland has long been Hong Kong's largest trading partner,
accounting for about half of Hong Kong's exports by value. Hong Kong's natural
resources are limited, and food and raw materials must be imported. As a result
of China's easing of travel restrictions, the number of mainland tourists to
the territory has surged from 4.5 million in 2001 to 34.9 million in 2012,
outnumbering visitors from all other countries combined. Hong Kong has also
established itself as the premier stock market for Chinese firms seeking to
list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of
the Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit
expansion and tight housing supply conditions caused Hong Kong property prices
to rise rapidly and inflation to rise 4.1% in 2012. Lower and middle income
segments of the population are increasingly unable to afford adequate housing.
Hong Kong continues to link its currency closely to the US dollar, maintaining
an arrangement established in 1983.
Source
: CIA
TAKASHI HOLDING LTD.
ADDRESS: Flat
E, 4/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 852-2363
6444, 9747 0014 (Mobile)
FAX: 852-2363 2444
E-MAIL: saleshongkong@netvigator.com
MANAGEMENT: Managing
Director:
Mr. Swamypc
Rajsekar, Roger
Incorporated
on: 11th August, 2004.
Organization: Private Limited Company.
Capital:
Nominal: HK$250,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employee: 1.
Main Dealing
Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Satisfactory.
Registered Head Office:-
Flat E, 4/F., Star Mansion, 3-5 Minden Row,
Tsimshatsui, Kowloon, Hong Kong
Business Name:-
Ningbo Export & Import Co., Hong
Kong. (Same address)
Associated Companies:-
Takashi Holdings Ltd., Hong Kong. (Dissolved)
Takashi USA LLC, US.
BUSINESS REGISTRATION NUMBER: 34816516
COMPANY FILE NUMBER: 0916460
Managing Director: Mr. Swamypc Rajsekar, Roger
Nominal Share Capital: HK$250,000.00 (Divided into 250,000
shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As
per registry dated 11-08-2012)
|
Name |
|
No. of shares |
|
LAU Yuet Yung, Herra |
|
3,000 |
|
Swamypc RAJSEKAR |
|
7,000 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
(As
per registry dated 11-08-2012)
|
Name (Nationality) |
Address |
|
Swamypc RAJSEKAR |
Flat E, 4/F., Star Mansion, 3-5 Minden
Row, Tsimshatsui, Kowloon, Hong Kong. |
|
Kusum SWAMY |
Flat E, 4/F., Star Mansion, 3-5 Minden
Row, Tsimshatsui, Kowloon, Hong Kong. |
Kusum SWAMY
(As per registry dated 11-08-2012)
The
subject was incorporated on 11th August, 2004 as a private limited liability
company under the Hong Kong
Companies Ordinance.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, Exporter and
Wholesaler.
Lines: Kitchen Electric
Appliances, Tiles, Coverings, Acoustic Ceiling Tile & Partition, LED Lighting, Luggage, Ladies Bags
Employee: 1.
Commodities Imported: China, other Asian countries,
acquired from local suppliers, etc.
Markets: India, other Asian countries,
Europe, North America, etc.
Terms/Sales: L/C
or as per contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
Nominal Share
Capital: HK$250,000.00 (Divided into 250,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
Profit or Loss:
Making a very small profit every year.
Condition: Keeping in a fairly active manner.
Facilities: Making rather 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.
Having
issued 10,000 ordinary shares of HK$1.00 each, Takashi Holding Ltd. is jointly
owned by Ms. Lau Yuet Yung, Herra, holding 30% interests, and Mr. Swamypc
Rajsekar, Roger, holding 70%. The former
is a Hong Kong businesswoman.
The
directors of the subject are Swamypc Rajsekar, Roger, and Mr. Kusum Swamy. Both are Hong Kong ID Card holders and have
got the right to reside in Hong Kong permanently.
The
subject’s registered address is in a private building located at Flat E, 4/F.,
Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong. This is the residence of the two directors.
The
residential building is not trespassed by outsiders. The subject has just one employee in Hong
Kong.
The
subject’s business name is Ningbo Export & Import Co. which is also located
at the same address.
The
subject is trading in the following commodities:-
Kitchen
Electric Appliances, Tiles, Coverings, Acoustic Ceiling Tile & Partition,
LED Lighting, Luggage, Ladies Bags, Textile Accessories, etc.
Most
of the commodities are sourced from China.
Prime markets are India, Southeast Asia, Europe, North America, etc.
The
subject’s business is chiefly handled by Swamypc Rajsekar, Roger who can be
reached at his Hong Kong mobile phone number 852-9747 0014.
The
subject has had an associated company Takashi USA LLC [Takashi USA] which is a US-based
company. Takashi USA and the subject are
engaged in the same lines of business.
According
to Takashi USA, it has had affiliated companies in the United Kingdom, South
Africa and West Africa.
In
order to source more commodities from China, the subject always takes part in
Canton Trading Fair which is held in Guangzhou City, Guangdong Province, China
biannually.
The
subject is able to make a very small profit every year. History in Hong Kong is over nine years.
As
the subject is in a residential building, on the whole, consider it good for
normal business engagements in small credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 65.42 |
|
|
1 |
Rs. 102.10 |
|
Euro |
1 |
Rs. 87.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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.