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Report No. : |
325782 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
POMPOURRI LTD. |
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Registered Office : |
C/o Jumpstart Business Centre/OB BMC Service Ltd. Room 1104, 11/F., Crawford House, 70 Queen’s Road Central |
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Country : |
Hong Kong
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Date of Incorporation : |
06.06.2012 |
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Com. Reg. No.: |
59913040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Envelopes, Stationery, Paper Products, Party Supplies, Lights. |
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No. of Employees : |
01 |
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 : |
Business Under Development |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
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. As of year-end 2014, the Democracy
protests that began in late September probably will have some adverse effects
on economic growth, particularly retail sales.
|
Source
: CIA |
POMPOURRI LTD.
ADDRESS: C/o Jumpstart
Business Centre/OB BMC Service Ltd.
Room 1104, 11/F.,
Crawford House, 70 Queen’s Road Central, Hong Kong.
PHONE: 852-9109 6754
MANAGEMENT:
Managing Director: Mr. Mehvesh Mumtaz
Ahmed
Incorporated on: 6th June, 2012.
Organization: Private Limited Company.
Issued Share Capital: HK$10,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: 1.
Main Dealing Banker: The Hong
Kong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
POMPOURRI LTD.
Registered Head
Office:-
c/o Jumpstart Business Centre/OB BMC Service Ltd.
Room 1104, 11/F., Crawford House, 70 Queen’s Road Central,
Hong Kong.
59913040
1755709
Managing Director: Mr. Mehvesh
Mumtaz Ahmed
HK$10,000.00
(As per registry dated 06-06-2014)
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Name |
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No. of shares |
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Mehvesh Mumtaz AHMED |
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5,000 |
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Alavia VALIKA-GILANI |
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5,000 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry dated 25-03-2015)
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Name (Nationality) |
Address |
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Alavia VALIKA-GILANI |
Room B, 10/F., Hong Villa, 12 Bowen Road, Hong Kong. |
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Mehvesh Mumtaz AHMED |
Room A 10/F., May Moon House, 97 Waterloo Road, Kowloon Tong, Kowloon,
Hong Kong. |
Mehvesh Mumtaz AHMED (As per registry dated 06-06-2014)
The subject was incorporated on 6th June, 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,
Exporter and Wholesaler.
Lines: Envelopes,
stationery, paper products, party supplies, lights.
Employees: 1.
Commodities Imported: China,
Taiwan, Thailand, other Asian countries.
Markets: Asian countries, Europe, Australia, North
America.
Terms/Sales: Visa Card, COD, PayPal, or as per
contracted.
Terms/Buying: As per contracted.
Issued Share Capital: HK$10,000.00
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: Small.
Pompourri Ltd. was
incorporated on 6th June, 2012 as a private limited liability company.
The subject’s
registered office is in a commercial service firm/business centre located at
‘Room 1104, 11/F., Crawford House, 70 Queen’s Road Central, Hong Kong’ known as
‘Jumpstart Business Centre’ which is handling its correspondences and
documents.
According to the
Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares
of HK$1.00 each which are equally-owned by Mr. Mehvesh Mumtaz Ahmed and
Mrs. Alavia Valika-Gilani.
Both are Hong Kong
ID holders and have got the right to reside in Hong Kong permanently. They are also directors of the subject.
The subject is
trading in the following products: Envelopes, bespoke stationery, paper
products, party supplies, cotton ball light strings, paper lanterns, bespoke
cards, wedding invitation cards, other kinds of cards.
Most of the
commodities are sourced from China, Hong Kong, Thailand, Taiwan and the other
Asian countries.
Customers can make
their payments via Visa Card, MasterCard, American Express or PayPal.
The business of the
subject is chiefly handled by the two shareholders. Mehvesh Mumtaz Ahmed can be reached at his
Hong Kong mobile phone number 852-6331 8913 while Alavia Valika-Gilani can be reached
at her Hong Kong mobile phone number 852-9109 6754.
The history of the
subject is just over three years.
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.64.11 |
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|
1 |
Rs.97.84 |
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Euro |
1 |
Rs.71.12 |
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.