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Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
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Name : |
TERRAPOLIS ASIA LTD. |
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Registered Office : |
Unit 1312, 13/F., Laurels Industrial Centre, |
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Country : |
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Date of Incorporation : |
11.01.2012 |
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Com. Reg. No.: |
59336872 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Decoration Materials, Furniture, Sundry
Products |
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No of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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Source
: CIA |
TERRAPOLIS ASIA
LTD.
ADDRESS: Flat A, 6/F., Wing Yee
Commercial Building, 3-7 Wing Kut Street, Central, Hong Kong.
PHONE: 852-3425 4633
FAX: Not available.
Managing Director: Mr. Devinder
Kumar Khanna
Incorporated on: 11th January,
2012.
Organization: Private Limited
Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Financial
Service Provider, Importer and Exporter.
Employees: 4.
Main Dealing Banker: ICICI Bank
Ltd., Hong Kong Branch.
Banking Relation: Satisfactory.
TERRAPOLIS ASIA LTD.
Registered
Address:-
Unit 1312, 13/F., Laurels Industrial Centre, 32 Tai Yau Street, San Po
Kong, Kowloon, Hong Kong.
Operating Office:-
Flat A, 6/F., Wing Yee Commercial Building, 3-7 Wing Kut Street,
Central, Hong Kong.
Holding Company:-
Terrapolis Ltd., UK.
Associated Companies:-
3R Realty Pvt. Ltd., India.
Centrum Landmark Pvt. Ltd., India.
Optamac Realty Pvt. Ltd., India.
Terrapolis Assets Pvt. Ltd., India.
Terrapolis Buildcon Pvt. Ltd., India.
Terrapolis Comerz Pvt. Ltd., India.
Terrapolis Commercial Pvt. Ltd., India.
Terrapolis Commodities Pvt. Ltd., India.
Terrapolis Construction Pvt. Ltd., India.
Terrapolis Courtyard LLP, India.
Terrapolis Estates Pvt. Ltd., India.
Terrapolis Hillside Pvt. Ltd., India.
Terrapolis Housing Ltd., India.
Terrapolis Properties Pvt. Ltd, India.
Terrapolis Realty Ltd., UK.
Terrapolis Realty Pvt. Ltd., India.
Terrapolis Retail LLP, India.
Terrapolis Structures Pvt. Ltd., India.
Terrapolis Tradecircle Pvt Ltd., India.
Terrapolis Tradeworks Pvt. Ltd., India.
59336872
1698340
Managing Director: Mr. Devinder
Kumar Khanna
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 11-01-2014)
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Name |
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No. of shares |
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Terrapolis Ltd. Studland Hall, Studland Street, London, W6 0JS, UK. |
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10,000 ===== |
(As per registry dated 11-01-2014)
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Name (Nationality) |
Address |
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Devinder Kumar KHANNA |
2 Kenton Gardens, Harrow, Middlesex, HA3 8DE, England, UK. |
(As per registry dated 11-01-2014)
|
Name |
Address |
Co. No. |
|
Rya Management Ltd. |
Room 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok,
Kowloon, Hong Kong. |
0627200 |
The subject was incorporated on 11th January, 2012 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 and
Exporter.
Lines: Decoration
Materials, Furniture, Sundry Products
Employees: 4.
Commodities Imported: China,
other Asian countries
Business Territories/Markets: Hong
Kong, India, other Asian countries, UK, etc.
Terms/Sales/Service: 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$10,000.00
Mortgage or Charge:-
Date of Charge Over Cash Deposit between the
Company and the Bank:
31-05-2012
Amount: All monies at
the date of the Deed or at any time thereafter or from time to time due
Property: By way of a
first fixed charge, all the company’s present & future rights in respect of
the sums of money described below & all interest from time to time accruing
or payable thereon
1) The sums deposited by
the company or for it’s benefit in the savings and deposit account, including
any renewal or redesignation thereof, or evidenced by deposit additions to or
renewals or replacements of such in any currency & any deposit with the
Bank which derives in whole or in part from any such sums and which is made in
the company’s name or for it’s benefit
2) All other sums in any
currency from time to time standing to company’s credit or the credit of any
other person for the company’s benefit on any deposit or other account with the
Bank including additions to or renewals or replacements of such sums;
3) Any amount received by
or for the account of the Bank which the Bank is under a duty to credit to the
account’s but which the Back has not yet credited to the account’s; and
4) Any interest and/or
other amounts accrued or accruing on an amount covered by paragraphs (1) to (3)
above whether or not the interest has been credited to that accounts
Mortgagee: ICICI Bank Ltd.,
Hong Kong Branch.
Profit or Loss: Kept a balance
account in 2013.
Condition: Business keeps
on improving.
Facilities: Making fairly
active use of general banking facilities.
Payment: Met trade commitments as
contracted.
Commercial Morality: Satisfactory
Banker: ICICI Bank Ltd., Hong
Kong Branch.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Terrapolis Asia
Ltd. is wholly owned by Terrapolis Ltd. [Terrapolis] which is a UK-based firm.
The director of the subject Mr. Devinder Kumar Khanna is a UK‑passport
holder and does not have the right to reside in Hong Kong permanently.
The subject is a member of Terrapolis Group.
The subject can be reached at the phone number 852-3425 4633. Business commenced in January 2012, the
subject is located at Flat A, 6/F., Wing Yee Commercial Building, 3-7 Wing Kut
Street, Central, Hong Kong which is different from its registered address.
The subject is engaged in the same lines of business as Terrapolis. Terrapolis is an active business incorporated
in England and Wales on 12th December, 2011.
Its business activities are Financial Services Holding Companies.
Besides, the subject has had an associated company Terrapolis
Construction Pvt Ltd. [TCPL] which is in India.
This firm is run by Rajanya Aditya Ravasia who is the Director.
Rajanya Aditya Ravasia is also the director of Terrapolis Group.
Besides TCPL, the following firms are also located at the same address
as TCPL in India:-
Centrum Landmark Pvt. Ltd. [CLPL];
Terrapolis Buildcon Pvt. Ltd. [TBPL].
To our knowledge, TCPL is trading in furniture and decoration
products. Its associated companies are
engaged in building and construction business.
All the above-mentioned firms are managed by Rajanya Aditya Ravasia.
TBPL was incorporated on 21st August, 2012 while CLPL was incorporated
on 18th January, 2013. The businesses of
these two firms are still under development.
Rajanya Aditya Ravasia in India is operating a number of companies which
are engaged in real estate, properties development, building and construction,
etc.
Located at the same address of Terrapolis in the United Kingdom, a new company
known as Terrapolis Realty Ltd. was founded on 17th March, 2014.
The Terrapolis Group is chiefly engaged in property development and
building and construction business.
The business of the subject in Hong Kong is managed by a female staff.
The history of the subject in Hong Kong is just over two years and
eleven months.
On the whole, since the history of the subject is short in Hong Kong,
consider it good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.21 |
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|
1 |
Rs.97.80 |
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Euro |
1 |
Rs.77.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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.