MIRA INFORM REPORT

 

 

Report Date :           

29.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ORANGE  TECHNOLOGY  LTD.

 

 

Registered Office :

c/o Baililai International Group (HK) Ltd., Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

18.10.2007

 

 

Com. Reg. No.:

38517277

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of Telecommunication equipment, software, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating office in Hong Kong

 

 

Payment Behaviour :

Unknown

 

 

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

 

ORANGE  TECHNOLOGY  LTD.

 

 

Company ADDRESS    

 

c/o Baililai International Group (HK) Ltd.

Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong.

PHONE:            2545 8556

FAX:                 3571 9160

 

 

MANAGEMENT

 

Managing Director:  Mr. Chang Jingnan

 

 

SUMMARY

 

Incorporated on:             18th October, 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 Baililai International Group (HK) Ltd.

Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong.

 

China Associated Company:-

Wuhan Orange Technology Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

38517277

 

 

COMPANY FILE NUMBER

 

1177061

 

 

MANAGEMENT

 

Managing Director:  Mr. Chang Jingnan

 

 

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 18-10-2011)

 

Name

 

No. of shares

CHANG Jingnan

 

10,000

=====

 

DIRECTOR    

(As per registry dated 18-10-2011)

Name

(Nationality)

 

Address

CHANG Jingnan

2, 24th Door, Shihua Village, Qingshan Zhenjie, Qingshan District, Wuhan City, Hubei Province, China.

 

 

SECRETARY

(As per registry dated 18-10-2011)

 

Name

Address

Co. No.

Smart Registrations Ltd.

7/F., Kin On Building, 49-51 Jervois Street, Sheung Wan, Hong Kong.

0523381

 

 

HISTORY

 

The subject was incorporated on 18th October, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Room 1610, 16/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong where is the operating address of a commercial service provider Baililai International Group (HK) Ltd. [Baililai].  Baililai moved to the present address in October 2011, so did the subject.

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

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Telecommunication equipment, software, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       China, other Asian countries, Italy, other European countries, etc.

 

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

 

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

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Orange Technology Ltd. is wholly-owned by Mr. Chang Jingnan who is a China merchant.  He is a China ID holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong known as Baililai International Group (HK) Ltd. which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

The subject has had an associated company Wuhan Orange Technology Ltd. [WOT] which is in Wuhan City, Hubei Province, China.  WOT is engaged in developing all kinds of software for logistic services.  It also acts as an agent for telecommunication equipment.  In China, WOT is offering local clients with all kinds of IT services for logistic companies.  It also markets ERP software.  According to WOT, its annual sales turnover is over RMB10 million Yuan.  Business keeps on improving.

It is also likely that WOT deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  WOT 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 over four years.

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.51.98

UK Pound

1

Rs.80.59

Euro

1

Rs.69.12

 

 

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.