MIRA INFORM REPORT

 

 

Report Date :           

31.12.2011

 

IDENTIFICATION DETAILS

 

Name :

RARE  INTERNATIONAL  INVESTMENT  LTD.

 

 

Registered Office :

Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

25.01.2010

 

 

Com. Reg. No.:

51727079

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer & Exporter of all kinds of mobile phones, etc.

 

 

No. of Employees :

Not Available

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

RARE  INTERNATIONAL  INVESTMENT  LTD.

 

 

Company ADDRESS

 

Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon, Hong Kong.

PHONE:                        Not Available

FAX:                 Not Available

 

 

MANAGEMENT

 

Managing Director:  Mr. Wu Yi Ran

 

 

SUMMARY

 

Incorporated on:             25th January, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:        Mobile Phone Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Head Office:-

Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon, Hong Kong.

 

Associated Company:-

Shenzhen United Creation Technology Co. Ltd.

Room 201, Block A, Science and technology building phase-2, Nanhai Road 1057, Shekou, Nanshan district, Shenzhen, China.

[Tel:      86-755-2688 9800

Fax:      86-755-2688 8111

Email:   uct@uctcom.cn             ]

 

 

BUSINESS REGISTRATION NUMBER

 

51727079

 

 

COMPANY FILE NUMBER

 

1415497

 

 

MANAGEMENT

 

Managing Director:  Mr. Wu Yi Ran

 

 

CAPITAL

 

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

 

Issued Share Capital:     HK$1.00

 

 

SHAREHOLDER

(As per registry dated 25-01-2011)

 

Name

 

No. of share

WU Yi Ran

 

1

=

 

DIRECTOR    

(As per registry dated 25-01-2011)

 

Name

(Nationality)

 

Address

WU Yi Ran

Flat 507, 36 Dongping Dadao, Huicheng District, Huizhou City, Guangdong Province, China.

 

SECRETARY 

(As per registry dated 25-01-2011)

 

            Name

Address

LUI Yiu Po

Room 303A, 3/F., Shui Hing Centre, 13 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 25th January, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Last time, the subject was located at Room 303A, 3/F., Shui Hing Centre, 13 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong, moved to the present address in December 2011.

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

 

 

OPERATIONS

 

Activities:                      Importer & Exporter.

 

Lines:                           All kinds of mobile phones, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Europe, China, other Asian countries, etc.

 

Markets:                       India, Japan, other Asian countries, Europe, etc.

 

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

 

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$1.00

 

Profit or Loss:                Keeping a balance account.

 

Condition:                      Business is not very active.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Rare International Investment Ltd. is wholly-owned by Mr. Wu Yi Ran who is a China merchant.  The subject has just issued just only one ordinary share of HK$1.00.

The subject is a mobile phone trader.

The subject is located at Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon, Hong Kong where is the address of a secretarial firm operated by Mr. Louie Lui Yiu Po.  Louie Lui is also the individual secretary of the subject.

The subject has no employees in Hong Kong.

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 RU00137631 - RU.

The subject has had an associated company known as Shenzhen United Creation Technology Co. Ltd. [UCT] which is a China-based firm.  Your given phone and fax number belong to UCT.

Wu Yi Ran is the Deputy General Manager of UCT.

UCT, established in June 2006, is a private high-tech enterprise.  Mian business is engaged in the design of mobile communication terminals, R&D, mobile communication terminal from the PCB hardware design, application software design, ID design, MD design, etc.

The chairman of UCT Mr. Du Xiaopeng is former senior vice president of TCL Group, TCL Mobile general manager.

UCT currently employs 100 people, including 80 engineers, while 8 of them have got a master degree, over 50 have got a bachelor degree.  In 2010 the turnover of UCT was more than RMB200 million Yuan.

UCT has become the main supplier for Shenzhen Huawei, BYD, GIONEE, Malata, Maxx, HYUNDAI (Taiwan), ZICOM (Taiwan), Decala (India), TWZ (Thailand), Mytong (Mexico), Zonda (Mexico), i-mobile, etc.

UCT’s customers are in the Greater China region, other Asian countries, Europe, South America, Latin America, Africa, etc.

In 2011, UCT’s products include 3G, Smart and other advanced products of the communication terminal.

It is likely that the UCT deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  UCT also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active.  History in Hong Kong is just about a year and eleven 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 secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.27

UK Pound

1

Rs.82.09

Euro

1

Rs.68.90

 

 

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.