MIRA
INFORM REPORT
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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
PROERA INTERNATIONAL LIMITED |
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Registered Office : |
Room 516, |
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Country : |
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Date of Incorporation : |
20.06.2013 |
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Com. Reg. No.: |
1925621 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
SUBJECT DOES NOT HAVE BUSINESS ENTITY IN [WE TRIED
TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE FROM
ANY SOURCES] |
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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 : |
Offshore 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 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Hong Kong |
A1 |
A1 |
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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 - 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 has no tariffs on imported goods, and it levies excise
duties on only four commodities, whether imported or produced locally: 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, its continued reliance
on foreign trade and investment leaves it vulnerable to renewed global
financial market volatility or a slowdown in the global economy. 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 12% of
total system deposits in Hong Kong by the end of 2013. 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 total
trade 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. Credit expansion and tight
housing supply conditions have caused Hong Kong property prices to rise
rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China
signed new agreements under the Closer Economic Partnership Agreement, adopted
in 2003 to forge closer ties between Hong Kong and the mainland. The new measures,
effective from January 2014, cover services and trade facilitation, and will
improve access to the mainland's service sector for Hong Kong-based companies.
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Source
: CIA |
Contact Points
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Company Name: |
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Supplied Name: |
PROERA INTERNATIONAL LTD |
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Supplied Address: |
Room 516, East Ocean Center, 98 Granville Road, Tsim
Sha Tsuim, East Kowloon, Hong Kong. |
Note: The exact name is as above; the supplied address belongs to a
corporate secretary called P & P Corporate Consulting Limited.
Special Note
We cannot find subject’s any operation
information or valid contact information in Hong Kong through public files
according to the supplied name.
We made an on-site visit to the supplied
address as above. A company called “P & P Corporate Consulting Limited”
located at the address. A relevant staff based on the address introduced that
her company is engaged in providing
registered and accounting service. But she declined to disclose any information
about subject.
As subject’s registered address is that of a
corporate secretary (Sanling Consultants &
Associates Limited), based on subject’s registered files and our investigation,
we consider subject as an offshore company.
We found subject’s registered files from local
registry, supplying as following for reference.
Company
Identification Details
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Registered Name: |
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Registered Address: |
Room 904, Cheong K., Commercial Bldg., 84-86 Des Voeux Road
Central, Hong Kong |
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Date of Registration: |
2013-6-20 |
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Registered Number: |
1925621 |
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Business Registration No.: |
61618989 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2014.12, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-6-20 |
History
Subject was incorporated on 2013-6-20 with the
registered number 1925621 as Private Limited Liability Company in Hong Kong.
Transfer of Shares:
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2014-6-11 |
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Transferred From |
No. of Shares Transferred |
Transferred To |
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Vishalkumar Vinubhai Balar |
5,000 |
Bodra Alpesh Rameshbhai |
Corporate
Structure
Subject did not register any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
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Subscription Shares |
Proportion of Investment (%) |
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Bodra Sunil Kumar Ramesh Bhai |
5,000 |
50% |
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Bodra Alpesh Rameshbhai |
5,000 |
50% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Bodra Sunil Kumar Ramesh Bhai |
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Address: |
37, Diamond Nagarm
Opp. Mira Nagarm Varachha Road, 395006 Surat,
India |
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2 |
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Name: |
Bodra Alpesh Rameshbhai |
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Address: |
37 Diamond Nagar
Soc, Opp, Miranagar, B/H.
Patel Samaj Wadi, Varachha Road Surat, Gujatat 395006 India |
Former Shareholders Information:
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Name: |
Vishalkumar Vinubhai Balar |
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Address: |
b/406, Shreena Thdwar Apartment, 3, A.K. Road, 395008, Surat, India |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Bodra Sunil Kumar Ramesh Bhai |
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Address: |
37, Diamond Nagarm
Opp. Mira Nagarm Varachha Road, 395006 Surat,
India |
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Position: |
Director |
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Passport Number: |
G1345867 |
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Issuing Country: |
India |
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2 |
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Name: |
Bodra Alpesh Rameshbhai |
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Address: |
37 Diamond Nagar
Soc, Opp, Miranagar, B/H.
Patel Samaj Wadi, Varachha Road Surat, Gujatat 395006 India |
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Position: |
Director |
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Passport Number: |
G7845484 |
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Issuing Country: |
India |
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3 |
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Name: |
Sanling Consultants & Associates Limited |
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Address: |
Room 904, Cheong
K., Commercial Bldg., 84-86 Des Voeux Road Central,
Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
316677 |
Operation
Information
Subject does not have business entity in Hong
Kong.
Financial
Information
The subject has no
obligation to supply its financial statement to the third party according to the
relevant policy in Hong Kong and the only source from which we can obtain the
information is the subject itself.
Subject does not have business entity in Hong
Kong, thus we cannot obtain the relevant information.
Bankers
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Name: |
HDFC BANK LIMITED |
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SWIFT Code: |
HDFCHKHH |
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3000007087 |
Note: The supplied bank information we cannot
be confirmed by any sources.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty
Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
Address: Room 516, East Ocean Center, 98 Granville Road, Tsim Sha Tsui,
East Kowloon, Hong Kong
We made an on-site visit the supplied address as above and found a
company called P & P Corporate Consulting Limited located at the address.
East Ocean Center, 98 Granville Road, Tsim Sha Tsui, East Kowloon, Hong Kong
Room 516, East Ocean Center, 98 Granville Road, Tsim
Sha Tsui, East Kowloon, Hong Kong
Room 516, East Ocean Center, 98 Granville Road, Tsim
Sha Tsui, East Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.14 |
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|
1 |
Rs.97.05 |
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Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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 |
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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.