MIRA INFORM REPORT

 

 

Report Date :

29.08.2011

 

IDENTIFICATION DETAILS

 

Name :

WINDOWS  POWER  TECHNOLOGY  CO.  LTD.

 

 

Registered Office :

C/o Highlight Business Service Co. Ltd.

Room 609A, 6/F., Fook Cheong Building, 63 Hoi Yuen Road, Kwun Tong, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.06.2008

 

 

Com. Reg. No.:

39467085

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of Telecommunication equipment, electronic products, 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

 

WINDOWS  POWER  TECHNOLOGY  CO.  LTD.

 

 

Address:          

c/o Highlight Business Service Co. Ltd.

Room 609A, 6/F., Fook Cheong Building,

63 Hoi Yuen Road, Kwun Tong,

Kowloon, Hong Kong.

 

 

Note:    The subject is not located at your given address:

c/o Esmond W. T. Leung & Co.

8/F., CNT Commercial Building,

302 Queen’s Road Central,

Hong Kong.

 

PHONE:            3114 7567

 

FAX:                 8344 5686

 

 

MANAGEMENT

 

Managing Director:  Ms. Zou Di, Judy

 

 

SUMMARY

 

Incorporated on:             20th June, 2008.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer and Exporter.

 

Employees:                   Nil.

 

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

 

Banking Relation:            Fairly satisfactory.


ADDRESS

 

Registered Head Office:-

c/o Highlight Business Service Co. Ltd.

Room 609A, 6/F., Fook Cheong Building, 63 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.

 

Shenzhen Office:-

32N, Block B, Modern Windows Building, Huaqiang North Road, Futian District, 518000 Shenzhen Special Economic Zone, China.

[Tel: 86-755-6168 3379;  Fax: 86-755-6168 3393]

 

 

BUSINESS REGISTRATION NUMBER

 

39467085

 

 

COMPANY FILE NUMBER

 

1249286

 

 

MANAGEMENT

 

Managing Director:  Ms. Zou Di, Judy

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDERS

(As per registry dated 20-06-2011)

 

Name

 

No. of shares

Raja Babu SHAH

 

6,000

ZOU Di

 

4,000

 

 

––––––

 

Total:

10,000

=====

 


DIRECTORS  

(As per registry dated 20-06-2011)

 

Name

(Nationality)

 

Address

Raja Babu SHAH

32N, Block B, Modern Windows Building, Huaqiangbei, Futian District, Shenzhen, China.

 

ZOU Di

32N, Block B, Modern Windows Building, Huaqiangbei, Futian District, Shenzhen, China.

 

 

SECRETARY 

(As per registry dated 20-06-2011)

 

Name

Address

Co. No.

Highlight Business Service Co. Ltd.

Room 609A, 6/F., Fook Cheong Building, 63 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.

1294101

 

 

HISTORY

 

The subject was incorporated on 20th June, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject’s registered address was located at Flat 7C-05, 7/F., Block C, Ka Ming Court, 688-690 Castle Peak Road, Cheung Sha Wan, Kowloon, Hong Kong, moved to the present address with effect from 16th November, 2009.

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

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           Telecommunication equipment, electronic products, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, Europe, etc.

 

Markets:                       Nepal, India, other Asian countries, etc.

 

Terms/Sales:                 As per contracted.

 

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

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000.00

 

Profit or Loss:                Keeping a balance account in Hong Kong.

 

Condition:                      Business is not active in Hong Kong.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as contracted.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Windows Power Technology Co. Ltd. is jointly owned by Mr. Raja Babu Shah, holding 60% interests; and Ms. Judy Zou Di, holding 40%.  Shah is a Nepal passport holder while Zou Di is a China businesswoman holding a China passport.  They are also directors of the subject and currently residing in Shenzhen Special Economic Zone, China.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 609A, 6/F., Fook Cheong Building, 63 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong known as Highlight Business Service Co. Ltd. [HBSC] which is handling its correspondences and documents.  HBSC is also the corporate secretary of the subject.

The subject is not located at your given address “8/F., CNT Commercial Building, 302 Queen’s Road Central, Hong Kong” where is the operating office of Esmond W. T. Leung & Co. which is an accountant firm.

The subject has no employees in Hong Kong.

To our knowledge, the subject is a global trading company having its head office nominally in Hong Kong and representative offices in Shenzhen Special Economic Zone, China and India.  However, the one in Shenzhen is the main office.

Among others its main business line is to export OEM/Chinese mobile phones from China to worldwide countries.

In particular, the subject is specialized in trading in Micro SD/Mini SD/DV‑RS MMC Mobile Card/M2 stick/Pro Duo stick/Compact Flash Card and USB Flash Drive products for data storage in Mobile Phones, Digital Cameras, Products for iPhone parts, PSPs and Computers.

The subject’s main office bearing the same name as the subject, in Shenzhen Special Economic Zone, China, is managed by the two shareholders of the subject.

According to the subject, it is regularly buying mobile phones, memory cards, USB flash drives.  It is regularly selling mobile phones, Chinese mobile phones, memory cards, flash cards, USB flash drives, MP3 player, MP4 player, bluetooth headsets, card readers, etc.  Products are exported to North America, Europe, Australia, the Middle East, Japan, etc.

The subject has got the following associated companies/business partners:-

Kline Exports, India

Pan6 Enterprise, India

RK Exports Co. Ltd., Republic of Mauritius

The subject’s Shenzhen office is using the subject’s Hong Kong registered address to correspond with foreign parties.

In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and in Mumbai, India.

The subject’s business in Hong Kong is not very active although its history in Hong Kong is over three years and two 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.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%)

 

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.