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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
CORP SHARP LTD. |
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Registered Office : |
Room L2, 6/F., Summit Building, 30 Man Yue Street, Hung Hom, Kowloon |
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Country : |
Hong Kong. |
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Date of Incorporation : |
19.10.2012. |
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Com. Reg. No.: |
60498310 |
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Legal Form : |
Private Limited Company. |
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LINE OF BUSINESS : |
TRADER ALL KINDS OF MOBILES AND ACCESSORIES, ETC. |
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No. of Employees : |
1 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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'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 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the 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 28 million in 2011, 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 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. 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
CORP SHARP
LTD.
Address:
Room L2, 6/F., Summit Building,
30 Man Yue Street,
Hung Hom, Kowloon,
Hong Kong.
(Formerly located at:
c/o Hashmi Secretarial Services Ltd.
Unit B, 3/F., Chun Wah Commercial Building,
30 Minden Avenue, Tsimshatsui,
Kowloon, Hong Kong. )
PHONE: 5696 5172
Managing Director: Mr.
Alagiriraja Kumaravel
Incorporated on: 19th
October, 2012.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Mobile phone trader.
Employee:
1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Room L2, 6/F., Summit Building, 30 Man Yue Street, Hung Hom, Kowloon,
Hong Kong.
60498310
1813959
Managing Director: Mr.
Alagiriraja Kumaravel
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 19-10-2012)
|
Name |
|
No. of share |
|
Company Kit Secretarial Services Ltd., Hong Kong. |
|
1 = |
(As per registry dated 02-01-2013)
|
Name (Nationality) |
Address |
|
Alagiriraja KUMARAVEL |
23/10 3rd Street Alagiri Nagar Vadapalani Chennal, PIN:600026, Tamil
Nadu, India. |
(As per registry dated 02-01-2013)
|
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 19th October, 2012 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 23rd January, 2013.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Mobile
phone trader.
Lines: All
kinds of mobiles and accessories, etc.
Employee: 1.
Commodities Imported: China, etc.
Markets: India,
Singapore, other Asian countries, etc.
Terms/Sales:
As per contracted.
Terms/Buying: Various
terms.
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: Satisfactory
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Hang Seng Bank Ltd., Hong Kong.
Standing:
Small.
Having issued just one ordinary share of HK$1.00, Corp Sharp Ltd. is
founded by Company Kit Secretarial Services Ltd. [Company Kit] which is a Hong
Kong-based and registered firm. It is a
commercial service provider.
The director of the subject Alagiriraja Kumaravel is an Indian. He is an India passport holder and does not
have the right to reside in Hong Kong permanently.
Formerly the subject was located at Unit B, 3/F., Chun Wah Commercial
Building, 30 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong where is the
operating office of Hashmi Secretarial Services Ltd. which is also the
corporate secretary of the subject.
Now, the subject has moved to the present address and we can reach it at
your given phone number 852-5696 5172.
The subject’s business is handled by a Mr. Kumaravel who is a family
member of A. Kumaravel.
The subject is trading in mobile phones.
Products are sourced from China. Prime
markets are India and Singapore.
Business is still under development.
The subject has been banking with The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong, bearing an account No. 817-622152-838.
It also has been banking with Hang Seng Bank Ltd., Hong Kong. History in Hong Kong is just about five
months.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.