MIRA INFORM REPORT

 

 

Report No. :

345490

Report Date :

23.10.2015

 

IDENTIFICATION DETAILS

 

Name :

B.  TRADE  (HK)  CO.  LTD.

 

 

Registered Office :

C/o Henry Law & Co. Ltd.,  Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wancha

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.05.2015

 

 

Com. Reg. No.:

58363018

 

 

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 Employee :

No employees in Hong Kong.

NOTE:

 

It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies are not required to have any employees in Hong Kong nor do have an office there.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No operating office in Hong Kong  

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Hong Kong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

B.  TRADE  (HK)  CO.  LTD.

                        

 

Address

 

C/o Henry Law & Co. Ltd.,  Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong.

 

[Tel: 852-2861 0885;  Fax: 852-2861 0802]

 

 

BUSINESS REGISTRATION NUMBER

 

58363018

 

 

COMPANY FILE NUMBER

 

1601453

 

 

DATE OF INCORPORATION

 

17th May, 2011.

 

 

ISSUED SHARE CAPITAL

 

HK$10,000.00

 

 

SHAREHOLDER

 

(As per registry dated 17-05-2015)

Name

 

No. of shares

Benedetta ROSITO

 

10,000

=====

 

DIRECTOR

 

(As per registry dated 17-05-2015)

Name

(Nationality)

 

Address

Benedetta ROSITO

Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong.

 

 

SECRETARY

 

(As per registry dated 17-05-2015)

Name

Address

Co. No.

Henda Secretaries & Nominees Ltd.

Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong.

0688215

 

 

GENERAL

 

B. Trade (HK) Co. Ltd. was incorporated on 17th May, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.

 

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong known as Henry Law & Co. Ltd. which is handling its correspondences and documents.  Henry Law & Co. Ltd. has had an associated company Henda Secretaries & Nominees Ltd. which is the corporate secretary of the subject.  This firm is also located at the above-mentioned address.  Your given phone and fax number 852-2861 0885 and 852-2861 0802 belong to Henry Law & Co. Ltd.

 

The subject has no employees in Hong Kong.

 

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Benedetta Rosito who is an Italy merchant.  His is an Italy passport holder and does not have the right to reside in Hong Kong permanently.  He is also the only director of the subject.

 

The subject’s lines of business are unknown since the secretarial firm declined to tell us about its activities and business.  No information of the subject can be obtained from our secondary sources.  Rosito cannot be reached as he is not in Hong Kong.

 

The history of the subject in Hong Kong is just over four years and five months.

 

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.15

UK Pound

1

Rs.100.54

Euro

1

Rs.73.97

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.