MIRA INFORM REPORT

 

 

Report Date :

29.08.2011

 

IDENTIFICATION DETAILS

 

Name :

TASHAN  MOBILE  TECHNOLOGY

 

 

Registered Office :

C/o Hong Kong Commercial Service Co.

9/F., SPA Centre, 55 Lockhart Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

04.03.2010

 

 

Com. Reg. No.:

51871038-000-03

 

 

Legal Form :

Partnership

 

 

Line of Business :

Importer and Exporter of all kinds of mobile phones and accessories, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

TASHAN  MOBILE  TECHNOLOGY

 

 

ADDRESS:       

c/o Hong Kong Commercial Service Co.

9/F., SPA Centre, 55 Lockhart Road, Wanchai, Hong Kong.

 

(Formerly located at:

9/F., Bel Trade Commercial Building,

3 Burrows Street, Wanchai, Hong Kong.)

 

 

PHONE:            Not available

 

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Nitin Goyal

 

 

SUMMARY

 

Establishment:                          4th March, 2010.

 

Organization:                 Partnership.

 

Capital:                          Not disclosed.

 

Business Category:        Mobile Phone Trader.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Head Office:-

c/o Hong Kong Commercial Service Co.

9/F., SPA Centre, 55 Lockhart Road, Wanchai, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

51871038-000-03

 

 

MANAGEMENT

 

Manager:  Mr. Nitin Goyal

 

 

PARTNERS

 

Name:  Mr. Nitin GOYAL

Residential Address:      C-2/4, 2/F., Prashant Vihar, Delhi-110085, India.

 

Name:  Mr. Rajesh KAKRANIA

Residential Address:      3A/50, 2/F., W.E.A., Karol Bagh, Delhi-110005, India.

 

 

HISTORY

 

The subject was established on 4th March, 2010 as a partnership concern jointly owned by Mr. Nitin Goyal and Mr. Rajesh Kakrania under the Hong Kong Business Registration Regulations.

Initially the subject was located at 9/F., Bel Trade Commercial Building, 3 Burrows Street, Wanchai, Hong Kong, moved to the present address in June 2011.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of mobile phones and accessories, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Europe, Asian countries, etc.

 

Markets:                       Asian countries, Middle East, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

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:     Too early to comment.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Tashan Mobile Technology is a partnership set up and owned by Mr. Nitin Goyal and Mr. Rajesh Kakrania.  The two partners are Indian.  They are India passport holders and do not have the right to reside in Hong Kong permanently.  Currently, they are residing in Delhi, India.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 9/F., SPA Centre, 55 Lockhart Road, Wanchai, Hong Kong known as Hong Kong Commercial Service Co. which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

Established in March 2010, the subject is trading in GSM/PCS mobile phones and accessories.  Significant brands carried such as “Motorola”, “Nokia”, “Ericsson”, “Samsung”, “Philips”, “Siemens”, etc.  It also carries batteries for mobile phones, etc.

The subject has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee.  The subject bears the licence No. of RU00137679-RU.

It is likely that the subject has got an associated company in India which is also operated by the two partners.

It is likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.

The subject’s business in Hong Kong is not very active.

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.46.05

UK Pound

1

Rs.75.19

Euro

1

Rs.66.47

 

 

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%)

 

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