|
Report No. : |
306652 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRSNA TRADING CO. LIMITED |
|
|
|
|
Registered Office : |
Unit K, 1F, Mau Lam Comm. Bldg., 16-18, Mau Lam St., Jordan, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
11.11.2014 |
|
|
|
|
Com. Reg. No.: |
2167305 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
NOT
AVAILABLE [WE TRIED
TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE FROM
ANY SOURCES] |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hong Kong |
A1 |
A1 |
|
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 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.
|
Source
: CIA |
|
Company Name: |
KRSNA TRADING CO. LIMITED |
|
Supplied Name: |
KRSNA TRADING CO LTD |
|
Supplied Address: |
Unit K 1/Fmau 1 AM Comm Bldg 16-18 Mau I Am St. Jordan |
Note: The exact name is as above.
We cannot obtain any operation or valid
contact information of the subject from public files according to the supplied
name or address.
We visited the supplied address, but the
result has not been come back. We will update the report when receive the
report.
Update to date of reporting, we failed to get
in touch with subject. If you can supply further information such as current
telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
|
Registered Name: |
|
|
Registered Address: |
Unit K, 1F, Mau
Lam Comm. Bldg., 16-18, Mau Lam St., Jordan, Kowloon, Hong Kong |
|
Date of Registration: |
2014-11-11 |
|
Registered Number: |
2167305 |
|
Business Registration No.: |
64051891 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.2, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: Since we didn’t
find subject, the principal activities and staff number are not available from
any sources.
Subject was incorporated on 2014-11-11 with
the registered number 2167305 as Private Limited Liability Company in Hong
Kong.
Change of Capital:
Particulars of the increase are as follows:
|
Date of Resolution |
Registered Capital |
Amount of Additional Capital |
New Amount of Total Registered Capital |
|
2014-11-11 |
1 |
9,999 |
10,000 |
The additional Capital is divided as follows:
|
Class of Shares |
Number of Shares |
Nominal Value per Share |
|
Ordinary |
9,999 |
1.00 |
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Indiandirectory HK Limited |
1 |
0.01% |
|
Rathi Vishnu Sagarmal |
9,999 |
99.99% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Indiandirectory HK Limited |
|
Address: |
Unit I, 1F, Mau Lam Comm. Bldg., 16-18, Mau
Lam St., Jordan, KL, Hong Kong |
|
2 |
|
|
Name: |
Rathi Vishnu Sagarmal |
|
Address: |
A/102, Tirumala Apts, Nr. Ryan,
International School, Evershine Nagar, Malad (W), Mumbai 400 064 MS, India |
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Rathi Vishnu Sagarmal |
|
Address: |
A/102, Tirumala Apts, Nr. Ryan,
International School, Evershine Nagar, Malad (W), Mumbai 400 064 MS, India |
|
Position: |
Director |
|
Passport Number: |
H0094169 |
|
Issuing Country: |
India |
|
Date of Appointment: |
2014-11-11 |
|
2 |
|
|
Name: |
Buttar Secretarial Services Limited |
|
Address: |
Unit 13, 16F, Asia Trade Centre, No. 79, Lei
Muk Rd., Kwai Chung, NT, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1906147 |
Former Director:
|
Name: |
Singh Kuldeep |
|
Position: |
Director |
|
ID Number: |
P018043(6) |
|
Date of Resignation: |
2014-11-11 |
Offices & Factories
We cannot confirm subject current trading
address at this stage.
Operation Information
From public files, we cannot obtain any
operation information of the subject. Since we did not get in touch with the
subject, the information is not available from any other source.
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.
Since we didn't get in touch with subject, the
relevant information is not available from any sources.
Since we didn't get in touch with subject, the bank information is not
available from any sources.
Mortgage Record
No mortgage record of the subject was found.
Up to now, no present or latent litigation of
the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.