MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BINATONE ELECTRONICS INT'L LTD |
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Registered Office : |
Unit A 23FL King Kong Commercial Centre 9 Des Voeux Rd |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.12.1970 |
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Com. Reg. No.: |
22428 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchasing wide range of telecommunication products
and other high speed internet access data devices. Sales and Distribution of products to domestic and international
markets. |
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 : |
No Complaints |
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Litigation : |
Exists |
NAME & ADDRESS
BINATONE
ELECTRONICS INT'L LTD
UNIT A 23FL KING KONG COMMERCIAL CENTRE 9
DES VOEUX RD
WEST SHEUNG WAN, HONG KONG.
TEL: 852-28027388 FAX: 852-28028138
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 22, 1970
REGISTRATION NO. :
22428
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BINO LALVANI (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 257,069
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80579 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
Registered Legal Address: 8Fl Gloucester Tower, The Landmark 15 Queen's
Rd Central Hong Kong
*Company Name*
==============
Incorporated as : RAJ
WATCH INDUSTRIES LTD
Date of incorporation : 22
December, 1970
Changed name to : BINATONE
(HONG KONG) LTD
Date of change : 4
January, 1983
Changed name to : BINATONE
ELECTRONICS INT'L LTD
Date of change : 2
June, 1992
*Company Registration*
===================
(1)
License number : 22428
Date issued : 22
December, 1970
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 03211056-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 2,000,000.00
divided into 20,000 ordinary shares at HKD 100.00/-each, fully paid
*Office & Facilities*
================
Other contact details
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Tel nos : 21163608, 21163612
E-mails :
andreashoffmann@binatonetelecom.com.hk
catherinaho@binatonetelecom.com.hk
Previous address : Rm 1603 Central Plaza 18 Harbour Rd Wanchai Hong
Kong
*Approved Signatures*
===================
Only Mr. Ramaswamy Subramanian can sign on behalf of the company with
seal affixed.
*Registrar*
=========
KCS LTD
www.binatonetelecom.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: contactus@binatonetelecom.com.hk
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong CONSO
ELECTRONIC FAR EAST LTD
Plaintiff Hong Kong CONSO
ELECTRONIC FAR EAST LTD
Plaintiff Hong Kong CONSO
ELECTRONIC FAR EAST LTD
Plaintiff Hong Kong CONSO
ELECTRONIC FAR EAST LTD
Plaintiff Hong Kong CONSO
ELECTRONIC FAR EAST LTD
Case Issue : A petition to the court claiming a sum of money amounting
to
USD 212,942.23 (filed under case no. A19/1/1996)
Court : High Court, Hong Kong
Date Commenced : 15 June, 1999
Status : Not stated
Litigation ( 2 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Brazil NATIONAL
OLIMPIA COMERCIO
Plaintiff Brazil IMPORTACAO E
EXPORTACAO LTDA
Plaintiff Brazil NATIONAL
OLIMPIA COMERCIO
Plaintiff Brazil IMPORTACAO E
EXPORTACAO LTDA
Plaintiff Brazil NATIONAL
OLIMPIA COMERCIO
Plaintiff Brazil IMPORTACAO E
EXPORTACAO LTDA
Plaintiff Brazil NATIONAL
OLIMPIA COMERCIO
Plaintiff Brazil IMPORTACAO E
EXPORTACAO LTDA
Plaintiff Brazil NATIONAL
OLIMPIA COMERCIO
Plaintiff Brazil IMPORTACAO E
EXPORTACAO LTDA
Case Issue : A petition to the court claiming for damages (filed under
case
no. A5516/97)
Court : High Court, Hong Kong
Date Commenced : 23 May, 1997
Status : Not stated
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 20,000
Shareholders Country Number Amount (HKD)
%
RAJ WATCH LTD Hong Kong 1.00
100.00 n/a
BINATONE TELECOM Bermuda 19,999.00 1,999,900.00 100.00
GROUP LTD
*Corporate Secretary*
=================
B C S LTD
CR number : 377050
Address : 8Fl Gloucester
Tower, The Landmark 15 Queen's Rd Central Hong Kong
Management: Ms. Mandy Ng,
Assistant
Mr. Sat Muthi, Director
Name Nationality
Job Description Dept. / Division
Ms. Mandy Ng Hong
Kong Assistant Sales
Mr. Sat Muthi Indian
Director Sales
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing and local purchasing wide range of telecommunication
products and other high speed internet access data devices.
2. Sales and distribution of products to domestic and international
markets.
Products: ADSL modems
Corded phones
Digital DECT
cordless phones
Family radio
system
ISDN
*Brand*
=======
Binatone
Binatone Carrera
DECT
Dialatron
Eurotel
Voxtel
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
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Member of :
- Hong Kong General Chamber of Commerce
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : ITU Telecom
World 2006
Dates attended : 4-8 December, 2006
Location : Asia
World-Expo, Hong Kong
(2)
Exhibition fair : HKEF Fall
2007
Date attended : 13 October,
2007
Location : Hong
Kong
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Overseas Customers*
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Major overseas customers include:
- KPN
- TELEDANMARK
*International Exhibition Participation*
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Participated in the following international exhibitions :
(1)
Exhibition fair : Computex
Taipei ' 99
Dates attended : 1-5 June, 1999
Location : Taipei
World Trade Center Exhibition Hall - Taiwan
(2)
Exhibition fair : Computex
Taipei 2001
Dates attended : 4-8 June, 2001
Location : Taipei
World Trade Center - Exhibition Hall
(3)
Exhibition fair : CES
(International Consumer Electronics Show)
Dates attended : 7-10 January, 2007
Location : Las Vegas
Convention Center, USA
(4)
Exhibition fair : CeBit 2007
Dates attended : 15-21 March, 2007
Location : Deutsche
Messe, Hannover, Germany
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a factory in China.
PAYMENT RATING : 3 OBTAINED SCORES :
55
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for MODERATE amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
===============
Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central, Hong Kong
Branch Address : 9Fl
HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with a long development
history. Credit up to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3661 Telephone
and telegraph apparatus, and parts,
Trading 3669 Other
communications equipment, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound
recorders,
television recorders
Trading 8517 Elec
apparatus for line telephony, telephone sets, parts
Trading 8517100000 Telephone
sets
Trading 8517408010 Modems
(modulator-demodulator apparatus)
Trading 8518301000 Telephone
handsets
Trading 8520200080 Telephone
answering machines
Trading 8525 Trans
apparatus for radiotelephony etc; tv cameras cordless telephones
Trading 8525205000 Cordless
handset telephones
Trading 9030400000 Other
instruments and apparatus, specially designed for telecommunications (for
examle, cross-talk meters, gain measuring instruments etc)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader VOIP
products
Trader Walkietalkie
radio equipment
Trader Family radio
system
Trader Digital DECT
cordless phones
Trader Skype
devices
Trader Internet
access devices
Trader ISDN
Trader Telephone
w/alarm clock radio
Trader Telephones
Trader Telephones
cordless
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to Germany
Exporting to North America
Exporting to Oceania
Exporting to Switzerland
Exporting to Taiwan
Exporting to USA
Exporting to United Kingdom
Importing from Asia
Importing from China
Importing from Singapore
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%)