MIRA
INFORM REPORT
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Report Date : |
27.12.2008 |
IDENTIFICATION DETAILS
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Name : |
CONPLEX INTERNATIONAL LTD. |
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Registered Office : |
Unit 904, 9/F., Tower B, Hunghom Commercial Centre, |
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Country : |
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Date of Incorporation : |
30.03.2001 |
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Com. Reg. No.: |
31862051 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronic Products,
Electrical Appliances, Computer Peripherals, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
CONPLEX
INTERNATIONAL LTD.
ADDRESS
Unit 904,
9/F., Tower B, Hunghom Commercial Centre,
PHONE: 2368 8108
FAX: 2368 6788
E-MAIL: info@conplexinternational.com
MANAGEMENT
Managing Director: Mr. Chander Parkash Batheja
SUMMARY
Incorporated on: 30th March, 2001.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000,000.00
Issued: HK$5,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 10. (
Main Dealing Banker: UCO Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Unit
904, 9/F., Tower B, Hunghom Commercial Centre,
Branch Offices:-
China
Suite 18B, Block B, Hauqiang Garden, No. 14, Fuhong Road, Futian District, Shenzhen
City, China.
2240-2242,
Others in Mumbai (
BUSINESS REGISTRATION NUMBER
31862051
COMPANY FILE NUMBER
752363
MANAGEMENT
Managing Director: Mr. Chander Parkash Batheja
Chief Executive Officer: Mr. Nitin Narang
CAPITAL
Nominal Share Capital: HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000,000.00
SHAREHOLDERS
(As per registry dated 30-03-2008)
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Name |
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No. of shares |
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Vises CHANSRICHAWLA |
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2,500,000 |
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Chander Parkash BATHEJA |
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2,499,999 |
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Gunjan NARANG |
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1 |
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–––––––– |
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Total: |
5,000,000 ======= |
DIRECTORS
(As per registry dated 30-03-2008)
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Name (Nationality) |
Address |
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Chander Parkash BATHEJA |
Flat A, 12/F., Block 1, |
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Kaur PRABHJEET |
Room 3801, 38/F., Block C, Kam Hing House, Kam Tai Court, Ma On Shan, New Territories, Hong Kong. |
SECRETARY
Kaur
PRABHJEET (As per registry dated
30-03-2008)
HISTORY
The subject was incorporated on 30th March, 2001 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.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Electronic products, electrical appliances, computer peripherals, etc.
Employees: 10. (
Commodities Imported:
Markets: Southeast Asia, Middle
East,
Terms/Sales:
T/T, L/C, etc.
Terms/Buying:
T/T, L/C, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000,000.00
Indebtedness: HK$3,195,479.39 (Total amount outstanding on all mortgages and charges as per last Annual Return dated 30-03-2008)
Mortgage or Charge (since May 2007): (See attachment)
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Actively using general banking facilities.
Payment: Met on time.
Commercial Morality: Satisfactory
Banker: UCO Bank, Hong Kong Branch.
Standing:
GENERAL
Having issued 5 million ordinary shares of HK$1.00 each, Conplex International Ltd. is almost equally owned by Mr. Chander Parkash Batheja and Mr. Vises Chansrichawla. Both of whom are Indian.
The
subject is a trading firm based in Hong Kong with subsidiary and allied offices
in Shenzhen (
The
subject is specialized in trading in bulk commodities like iron ore, steel
products, cement, edible grains etc. It
is also specialized in sourcing specific commodities from
Currently, the subject is trading in the following commodities:-
· Audio-visual products, VCD, DVD and CD Players in “CPU”, “SKD”, and “CKD” Form.
· Automotive parts like piston rings, timing belts, etc.
· Batteries for various types of usage(s).
· Bulk commodities like iron ore (fines and lumps), manganese ore, chrome and cement, etc. in different grades.
· Cable / satellite TV equipment like set-top boxes, digital satellite receivers, etc.
· Cables for all purposes like communication, power, etc.
· Consumer durables like microwave ovens, OTGs, televisions, etc.
· Computer products and hardware.
· Electrical kitchen appliances like juicers, mixers, grinders, blenders, toasters, electric kettles, tea / coffee maker, etc.
· Fans (ceiling, table, pedestal and wall) and all type of fans components.
· Miscellaneous and sundry items like toys, rechargeable lights / lanterns, flash lights / torches, shoes / footwear, mink blankets, etc.
· Mobile phones (GSM / CDMA) and related accessories like changeable face covers, batteries, protective covers, hands free and decorative stickers
· Moulds and Mechanics for different applications
· Power supplies and UPS
Prime
markets are Southeast Asia, the Middle East,
The subject’s business is chiefly handled by Mr. Nitin Narang who is also an Indian.
On the whole, consider the subject good for normal business engagements.
REMARKS:
Court Cases: None per our.
Property information of the company:-
1. Property Location: Unit
1 on 5/F. of Tower B, Hunghom Commercial Centre,
Owner: Conplex International Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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10-06-2008 |
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HBZ Finance Ltd., |
Mortgage to secure general credit facilities |
2. Property Location: Unit
10 on 8/F. of Tower B, Hunghom Commercial Centre,
Owner: Conplex International Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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28-02-2008 |
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UCO Bank, Hong Kong Branch. |
Mortgage to secure general banking facilities |
MORTGAGE OR CHARGE
(Since May 2007)
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Date |
Particulars |
Amount |
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28-11-2007 |
Instrument: Lien and Set-off Agreement Property: Fixed Deposit DFN7111704 US$18,166.58 14-02-2008 Mortgagee: HBZ Finance Ltd., |
For securing general credit facility |
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28-02-2008 |
Instrument: Mortgage Property: 22/12,841st parts or shares of and in The Remaining Portion of Section O of Kowloon Marine Lot No. 40 (Unit 10 on 8/F. of Tower B of Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.) Mortgagee: UCO Bank, Hong Kong Branch. |
Repayment of all monies obligations and liabilities |
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28-02-2008 |
Instrument: Rental Assignment Property: 22/12,841st parts or shares of and in The Remaining Portion of Section O of Kowloon Marine Lot No. 40 (Unit 10 on 8/F. of Tower B of Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.) Mortgagee: UCO Bank, Hong Kong Branch. |
To secure all sums of money |
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10-06-2008 |
Instrument: Mortgage Property: 30/12,841st parts or shares of and in The Remaining Portion of Section O of Kowloon Marine Lot No. 40 (Unit 1 on 5/F. of Tower B of Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.) Mortgagee: HBZ Finance Ltd., |
To secure all moneys in respect of general credit facilities |
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10-06-2008 |
Instrument: Assignment of Rental Property: 30/12,841st parts or shares of and in The Remaining Portion of Section O of Kowloon Marine Lot No. 40 (Unit 1 on 5/F. of Tower B of Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.) Mortgagee: HBZ Finance Ltd., |
General credit facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.89 |
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1 |
Rs.70.84 |
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Euro |
1 |
Rs.67.37 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)