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Report Date : |
11.11.2013 |
IDENTIFICATION DETAILS
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Name : |
LA ROBE GLOBAL LTD. |
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Registered Office : |
Flat LA, 26/F., Tower 3, |
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Country : |
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Date of Incorporation : |
04.01.2013 |
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Com. Reg. No.: |
60835231 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler Garments, textiles,
toys, accessories, electronics |
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No. of Employees : |
10 |
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 Business |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
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
LA ROBE
GLOBAL LTD.
ADDRESS: 21/F., The Centre, 99 Queen’s Road Central, Hong Kong.
PHONE: 852-3690 0539
Managing Director: Ms. Ashima Sehgal
Incorporated on: 4t January, 2013.
Organization: Private Limited Company.
Capital: Nominal:HK$1,000,000.00
Issued: HK$60,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 10.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
Flat LA, 26/F., Tower 3, Milan, The Capital of Lohas Park, Tseung Kwan O, New Territories, Hong Kong.
Operating Office:-
21/F., The Centre, 99 Queen’s Road Central, Hong Kong.
Associated
Companies:-
DBS Pacific Co. Ltd., Hong Kong.
La Robe Affaires, Hong Kong.
60835231
1847527
Managing Director: Ms. Ashima Sehgal
Contact Person: Mr. Vineet Sehgal (Mobile: 852-6272 1206)
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$60,000.00
SHAREHOLDER: (As per registry dated 04-01-2013)
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Name |
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No. of shares |
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Ashima SEHGAL |
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60,000 ===== |
DIRECTOR: (As per registry dated 04-01-2013)
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Name (Nationality) |
Address |
|
Ashima SEHGAL |
Flat LA, 26/F., Tower 3, Milan, The Capital of Lohas Park, Tsueng Kwan O, New Territories, Hong Kong. |
SECRETARY: (As per registry dated 04-01-2013)
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Name |
Address |
Co. No. |
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Multi-Chain Ltd. |
Room 301, 3/F., Kam On Building, 176A Queen’s Road Central, Hong Kong. |
0209214 |
The subject was incorporated on 4t January, 2013 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: Garments, textiles, toys, accessories, electronics
Employees: 10.
Commodities Imported: China, other Asian countries, etc.
Markets: India, US, Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$60,000.00
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
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
Having issued 60,000 ordinary shares of HK$1.00 each, La Robe Global Ltd. is wholly owned by Mrs. Ashima Sehgal who is an India businesswoman. The subject’s operating address is located at 21/F., The Centre, 99 Queen’s Road Central, Hong Kong.
We can reach the subject at your given phone number 852-3690 0539. The respondent is Mr. Veneet Sehgal who is the husband of Mrs. Ashima SEHGAL. Veneet Sehgal is a Hong Kong ID holder and he can be reached at his Hong Kong mobile phone number 852-6272 1206.
The subject has had the following two associates in Hong Kong:-
DBS Pacific Co. Ltd.;
La Robe Affaires [LRA].
The subject and the above two firms are engaged in the same lines of business.
The subject is trading in knitted products, sweaters, outer-wear, leather garments, other kinds of garments, textile products, fashion accessories, denim, etc.
According to Veneet Sehgal, the subject also trades in toys, hardware, electronics & computer parts, memory cards, medical equipment, sugar, almonds, tyres, paper, etc. The subject is a buying office for customers.
LRA has got customers in the United States, Canada, Europe, Australia, America, Cambodia, Malaysia and Bangladesh, etc.
LRA has had associated suppliers in China, Vietnam, Bangladesh, Sri-Lanka, Indonesia, Korea, Taiwan and Macau.
The subject’s business is chiefly handled by Veneet Sehgal himself.
On the whole, since the history of the subject is short, consider it good for normal business engagements on L/C basis for the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.73 |
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|
1 |
Rs.100.92 |
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Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.