MIRA INFORM REPORT

 

 

Report Date :           

16.05.2011

 

IDENTIFICATION DETAILS

 

Name :

WIRELESS  TECHNOLOGY  FACTORY

 

 

Registered Office :

Flat B, 12/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

08.09.2004

 

 

Com. Reg. No.:

34892087-000-09

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler 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 :

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

 

 Bottom of Form

 

Company name

 

WIRELESS  TECHNOLOGY  FACTORY

 

 

Company name ADDRESS

 

Flat B, 12/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Raju Lamba  (Mobile: 9746 4024)

 

 

SUMMARY

 

Establishment:                          8th September, 2004.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employee:                     1.

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

Flat B, 12/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

34892087-000-09

 

 

MANAGEMENT

 

Manager:  Mr. Raju Lamba

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Raju LAMBA

Residential Address:      Flat B, 20/F., Jolly Garden, 151 Reclamation Street, Yaumatei, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 8th September, 2004 as a sole proprietorship concern owned by Mr. Raju Lamba under the Hong Kong Business Registration Regulations.

Originally the subject was registered under the name of Mobile Phone Technology, name changed to the present style on 7th August, 2006.

Initially the subject was located at Shop 70, 1/F., Chung King Mansion, 36‑44 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in August 2006.

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

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

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

 

Employee:                     1.

 

Commodities Imported:   Europe, Asian countries, etc.

 

Markets:                       Hong Kong, Europe, Middle East, Southeast Asia, etc.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a very small profit every year.

 

Condition:                      Business has been normal.

 

Facilities:                      Making rather active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Fairly satisfactory.

 

Bankers:-

·         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

·         Hang Seng Bank Ltd., Hong Kong.

 

Standing:  Small.

 

 

GENERAL

 

Wireless Technology Factory is a sole proprietorship set up and owned by Mr. Raju Lamba who is an Indian.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

Business commenced in September 2004, the subject is located at Flat B, 12/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.  This office is not in a commercial building but a residential building.

When the subject was established, it had its own retailing shop in Hong Kong.  After two years operation, the subject moved to the present address in August 2006.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.  However, Lamba can be reached at his mobile phone number 9746 4024.

The subject is trading in all kinds of mobile phones and accessories.  It is carrying GSM/PCS mobile phones and accessories such as “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic” / “NEC”, 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 RU00107234-RU.

The subject’s products are marketed in Hong Kong and exported to Europe, the Middle East, Southeast Asia, etc.  Business is just fairly active.

The subject’s business is chiefly handled by Lamba himself.  History in Hong Kong is over six years and eight months.

Since the registered office of the subject is in a residential building, consider it good for normal business engagements on secured basis.

 

COURT CASES:            None per our.

 

.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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.