MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
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 : |
No Complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a2 |
a2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
CONPLEX
INTERNATIONAL LTD.
Company ADDRESS
Unit 904, 9/F., Tower B, Hunghom Commercial Centre,
PHONE: 2368 8108 (5 lines)
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$20,000,000.00
Issued: HK$17,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 10. (
Main Dealing Banker: The Hongkong & Shanghai
Banking Corp. Ltd.,
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Unit 904, 9/F., Tower B, Hunghom Commercial Centre,
Branch Offices:-
China
Unit 605, 6/F., Tower B, Taipingyang Trade & Commercial Building, Jiabin
Road, Lou Hu District, Shenzhen, China.
[Tel: 86-755-8213 8400, 8213 8401; Fax:
86-755-8213 8402]
2240-2242,
Mumbai and
Associated Company:-
Alqadisiya International Co. Ltd.,
BUSINESS REGISTRATION NUMBER
31862051
COMPANY FILE NUMBER
0752363
MANAGEMENT
Managing Director: Mr. Chander Parkash Batheja
Chief Executive Officer: Mr. Nitin Narang
CAPITAL
Nominal Share Capital: HK$20,000,000.00 (Divided into 20,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$17,000,000.00
SHAREHOLDERS
(As per registry
dated 30-03-2010)
|
Name |
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No. of shares |
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Vises CHANSRICHAWLA |
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3,750,000 |
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Chander Parkash BATHEJA |
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8,249,999 |
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Gunjan NARANG |
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1 |
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Magic Holdings Ltd., |
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5,000,000 |
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––––––––– |
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Total: |
17,000,000 ======== |
DIRECTORS
(As per registry dated 30-03-2010)
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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
(As per registry dated 30-03-2010)
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Name |
Address |
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Buttar.HK Ltd. |
1/F., |
0975326 |
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$20,000,000.00 (Divided into 20,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$17,000,000.00
Increase of Nominal Capital:-
|
From |
HK$10,000,000.00 |
to |
HK$20,000,000.00 |
on |
08-12-2009 |
Mortgage or Charge (since 2010): (See attachment)
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Actively using general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory
Bankers:-
·
The Hongkong & Shanghai Banking Corp. Ltd.,
· Indian Overseas Bank, Hong Kong Branch.
·
China Construction Bank (Asia) Corporation Ltd.,
· UCO Bank, Hong Kong Branch.
·
HBZ Finance Ltd.,
Standing:
GENERAL
Conplex International Ltd. initially issued 5 million ordinary shares of HK$1.00 each of which were almost equally owned by Mr. Chander Parkash Batheja and Mr. Vises Chansrichawla. Both of whom are Indian. Now, the subject has issued 12 million ordinary shares more and made up to 17 million in total. Batheja is holding 48.5% interests, Chansrichawla is holding 22.1%, and Magic Holdings Ltd. which is a new shareholder, holding 29.4%.
The
subject is a trading firm based in Hong Kong with subsidiary and allied offices
in Shenzhen Special Economic Zone (
The
subject is 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.
· Batteries for various types of usage(s).
· Bulk commodities like iron ore (fines and lumps), manganese ore, chrome ore, industrial salt, iron/steel scrap 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 and submarine, etc.
· Consumer durables like microwave ovens, OTGs, TVs, etc. Sourcing of electronic components/kits of various size of TVs.
· Solar products and LED traffic lights.
· 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 bluetooth, chargers, hands free, batteries, protective covers and decorative stickers.
· Soya bean meal/rock phosphate, sheet glass, tinted glass and mirror glass.
· Power supplies and UPS.
· Telecommunication products, including basic and high-end telephone sets, wire-less equipment as well as advanced communication equipment for specialised usage.
· Textiles, fabrics and yarns for all types of markets.
Prime
markets are Southeast Asia, the Middle East,
The subject has set up two main divisions, namely, QA & Inspection Services Division and Telecommunications Division. The QA & Inspection Services Division is engaged in the following business scope:-
· Sourcing Consultation
· Factory Evaluation
· Pre-production Inspection
· In-production Inspection
· Product Testing
· Final Random Inspection
· Shipping Supervision
· Other Value-added Services
The Telecommunications Division of the subject was formed in 2000. Since its foundation, the subject has been acknowledged as one of the leading and reputable manufacturer and supplier of complete range of mobile accessories.
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 records.
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 |
- |
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 |
|
28-02-2008 |
- |
UCO Bank, Hong Kong Branch. |
Mortgage to secure general banking facilities |
3. Property Location: Unit 2 on 9/F. of Tower B, Hunghom Commercial Centre,
Owner: Conplex International Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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15-06-2010 |
- |
China Construction Bank (Asia) Corporation Ltd., |
Mortgage to secure general banking facilities |
4. Property Location: Unit 4 on 9/F. of Tower B, Hunghom Commercial Centre,
Owner: Conplex International Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances: No mortgage record registered against the property.
MORTGAGE OR CHARGE
(Since 2010)
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Date |
Particulars |
Amount |
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26-05-2010 |
Instrument: Undertaking Relating to Deposits Property: Distinctive No. of
Receipt: 2010 FD 69 1 Mortgagee: Indian Overseas Bank, Hong Kong Branch. |
“Liabilities” meaning all liabilities, sole or joint, actual or contingent quantified or not, now or hereafter owing or incurred to the Bank by the depositor or Third Party |
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15-06-2010 |
Instrument: Mortgage Property: 29/12,841st parts or shares of and in The Remaining Portion of Section O of Kowloon Marine Lot No. 40 (Unit 2 on 9/F. of Tower B of Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.) Mortgagee: China Construction Bank (Asia) Corporation Ltd., |
To secure all monies including general banking facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.59 |
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1 |
Rs.72.31 |
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Euro |
1 |
Rs.60.73 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.