MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

I  TECHNOLOGY  GLOBAL  LTD.

 

 

Registered Office :

c/o Brilliant Bright Corporate Services Ltd., Room 1508, 15/F., Hing Yip Commercial Centre, 272-284 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

05.01.2008

 

 

Com. Reg. No.:

37520667

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Hard disk drives, memory, DVD RWs, laptop bags, laptop 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 :

Regular

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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     

 

I  TECHNOLOGY  GLOBAL  LTD.

 

 

company ADDRESS    

 

c/o Brilliant Bright Corporate Services Ltd.

Room 1508, 15/F., Hing Yip Commercial Centre, 272-284 Des Voeux Road Central, Hong Kong.

PHONE:                  2698 6604

FAX:                       2693 2140

 

 

MANAGEMENT

 

Managing Director:  Mr. Rachit Mrugendra Kamdar

 

 

SUMMARY

 

Incorporated on:                         5th January, 2007.

 

Organization:                             Private Limited Company.

 

Capital:                                     Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:                    Importer, Exporter and Wholesaler.

 

Employees:                               Nil.

 

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

 

Banking Relation:                       Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Brilliant Bright Corporate Services Ltd.

Room 1508, 15/F., Hing Yip Commercial Centre, 272-284 Des Voeux Road Central, Hong Kong.

 

Main Associated Company:-

Shenzhen I Technology Global Ltd.

Room No. 23A, 2nd Building, Chengshijiezuo, Fuhua Road, Futian District, Shenzhen, 518033 China.

[Tel & Fax: 86-755-8836 6077]

 

 

BUSINESS REGISTRATION NUMBER

 

37520667

 

 

COMPANY FILE NUMBER 

 

1100030

 

 

MANAGEMENT

 

Managing Director:         Mr. Rachit Mrugendra Kamdar

Sales Manager:             Ms. Linda Tan

 

 

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

 

SHAREHOLDER  

(As per registry dated 05-01-2011)

Name

 

No. of shares

Rachit Mrugendra KAMDAR

 

10,000

=====

 

 

DIRECTOR    

(As per registry dated 05-01-2011)

 

Name

(Nationality)

 

Address

Rachit Mrugendra KAMDAR

B Wing, 6A Shivalaya, Mandpeshwar Road, Borivali (W), Mumbai-400092, India.

 

 

SECRETARY 

(As per registry dated 05-01-2011)

 

Name

Address

Co. No.

Brilliant Bright Corporate Services Ltd.

Room 1508, 15/F., Hing Yip Commercial Centre, 272-284 Des Voeux Road Central, Hong Kong.

0821125

 

 

HISTORY

 

The subject was incorporated on 5th January, 2007 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:                           Hard disk drives, memory, DVD RWs, laptop bags, laptop accessories, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       India, other Asian countries, Europe, North America, 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$10,000.00

 

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

 

Condition:                      Business is not very 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, I Technology Global Ltd. is wholly owned by Mr. Rachit Mrugendra Kamdar who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Kamdar is also the only director of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1508, 15/F., Hing Yip Commercial Centre, 272-284 Des Voeux Road Central, Hong Kong known as Brilliant Bright Corporate Services Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.  The subject has no employees in Hong Kong.

The subject has got a main associated company in Shenzhen Special Economic Zone bearing the same name (hereinafter is referred to “Shenzhen I Technology Global”).  Your given phone and fax number 86-755-8836 6077 belong to this firm.  Rachit Mrugendra Kamdar is the legal representative of Shenzhen I Technology Global.

Shenzhen I Technology Global is engaged in sourcing the following products in China: hard disk drive, memory product, DVD RW, laptop bag, laptop adaptor, power supply, LCD panel, optical mouse, keyboard, laptop keyboard, laptop motherboard, accessories, computer peripherals, etc.  Shenzhen I Technology Global is the agent for Samsung Odd (desktop, slim DVD RW and DVD ROM).  Most of the commodities are exported to India, other Asian countries, Europe, North America, South America, the Middle East, Africa, etc.  The business of Shenzhen I Technology Global is chiefly handled by Mr. Jack Li who is the contact person.  Shenzhen I Technology Global is a member of Exporters.SG.  It has become a member of it since March 2011.

Since 1998, Exporters.SG has been the leading global Business-to-Business [B2B] exchange for global businesses.

According to Shenzhen I Technology Global, its annual sales turnover ranges from US$5 to 10 million.  Shenzhen I Technology Global deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Shenzhen I Technology Global 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 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 secured basis.

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.42

Euro

1

Rs.66.04

 

 

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.