MIRA INFORM REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
VSUN
COMMUNICATION TECHNOLOGY LTD. |
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Registered Office : |
c/o Hong Kong Upright Accounting Ltd., Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central, Sheung Wa |
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Country : |
Hong Kong |
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Date of Incorporation : |
16.05.2011 |
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Com. Reg. No.: |
58359011 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Manufacturer of all kinds of mobile phones, accessories, spare parts, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
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
VSUN COMMUNICATION
TECHNOLOGY LTD.
Company ADDRESS
c/o Hong Kong Upright Accounting Ltd.
Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central, Sheung Wan, Hong Kong.
PHONE: 2850 6565
FAX: 2851 0669
MANAGEMENT
Managing Director: Mr. Zhang Xueying
SUMMARY
Incorporated on: 16th May, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Manufacturer.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o Hong Kong Upright Accounting Ltd.
Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central, Sheung Wan, Hong Kong.
Associated Company:-
Shenzhen Vsun Communication Technology Co. Ltd.
Room A1903, South District, Xiangnin Square, 6060 Qiaoxiang Road, Nanshan District, 518000 Shenzhen Special Economic Zone, China.
BUSINESS REGISTRATION NUMBER
58359011
COMPANY FILE NUMBER
1601057
MANAGEMENT
Managing Director: Mr. Zhang Xueying
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
SHAREHOLDERS
(As per registry
dated 16-05-2011)
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Name |
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No.
of shares |
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ZHANG
Xueying |
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5,000 |
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ZHONG Limin |
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5,000 |
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––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 16-05-2011)
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Name (Nationality) |
Address |
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ZHANG Xueying |
Room A1901, South District, Xiangnin
Square, 6060 Qiaoxiang Road, Nanshan District, 518000 Shenzhen Special
Economic Zone, China. |
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ZHONG Limin |
Room A1901, South District, Xiangnin
Square, 6060 Qiaoxiang Road, Nanshan District, 518000 Shenzhen Special
Economic Zone, China. |
SECRETARY
(As per registry
dated 16-05-2011)
|
Name |
Address |
Co.
No. |
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Hong
Kong Upright Accounting Ltd. |
Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central,
Sheung Wan, Hong Kong. |
1324556 |
HISTORY
The
subject was incorporated on 16th May, 2011 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 Manufacturer.
Lines: All kinds of mobile phones, accessories, spare parts, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: Japan, Asian countries, 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: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Vsun
Communication Technology Ltd. is equally owned by Mr. Zhang Xueying and Ms.
Zhong Limin. Both of whom are China ID
holders and do not have the right to reside in Hong Kong permanently. The subject has issued 10,000 ordinary shares
of HK$1.00 each while each of the shareholders holds 5,000 shares.
Zhong
and Zhang are also directors of the subject and currently residing in Shenzhen
Special Economic Zone, China.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at ‘Room
A, 5/F.,Unionway Commercial Centre, No. 283 Queen’s Road Central, Sheung Wan,
Hong Kong’ known as ‘Hong Kong Upright Accounting 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 had an associated company in Shenzhen Special Economic Zone, China
known as Shenzhen Vsun Communication Technology Co. Ltd. [Shenzhen Vsun].
Shenzhen
Vsun is engaged in R&D, manufacturing, marketing, selling and exporting
mobile phones. Shenzhen Vsun was also
set up in May 2011, the same month and year of the subject.
According
to Shenzhen Vsun, it has had about 70 employees in Shenzhen, China. At present, Shenzhen Vsun is still recruiting
engineers and technicians.
Zhong
and Zhang are stationing at Shenzhen Vsun and administering the daily
operations.
The
business of Shenzhen Vsun is still under development.
It
is likely that Shenzhen Vsun 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 Vsun 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.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.71 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.68.05 |
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.