MIRA INFORM
REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ZEE
TECH HK LTD. |
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Registered Office : |
Shop 26A, 1/F., |
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Country : |
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Date of Incorporation : |
22.09.2009 |
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Com. Reg. No.: |
51200437 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter, Wholesaler and Retailer of all kinds of mobile phones and accessories, etc. |
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No. of Employees
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02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – 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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oderate |
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 |
ZEE TECH HK LTD.
Shop 26A, 1/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2732 4380
FAX: 2732 4381
E-MAIL: sales@zeehk.com
Managing Director: Mr. Zunnurain
Incorporated on: 22nd September, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2.00
Business Category: Mobile Phone Trader.
Employees: 2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office & Retailing Outlet:-
Shop 26A, 1/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
Associated/Affiliated Companies:-
Sagar Internationale, India.
Trust Infotech Electronic LLC, UAE.
Zee Tech UK, UK.
51200437
1375439
Managing Director: Mr. Zunnurain
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
(As per registry
dated 22-09-2011)
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Name |
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No. of shares |
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Zaid Anwar MOHAMMED |
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1 |
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Mouhmouh AZIZ |
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1 |
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– |
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Total: |
2 = |
(As per registry dated
16-01-2012)
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Name (Nationality) |
Address |
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Zunnurain |
29, Ratu Sarkar Lane, PO-C.R. Avenue, Kolkata-73, WB, India. |
(As per registry
dated 22-09-2011)
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Name |
Address |
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Tina LAI |
Flat A, 31/F., Bayview, 66 Baker Street, Hunghom, Kowloon, Hong Kong. |
The subject was incorporated on 22nd September, 2009 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.
Activities: Importer, Exporter, Wholesaler and Retailer.
Lines: All kinds of mobile phones and accessories, etc.
Brand Name: “Zee Tech”
Employees: 2.
Commodities Imported: Europe, Asian countries, etc.
Markets: Hong Kong, Africa, UK, other Asian countries, North America, etc.
Terms/Sales: COD or as per contracted.
Terms/Buying: As per contracted.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
Profit or Loss: Made a small loss in 2010.
Condition: Business is under development.
Facilities: Adequate for current running.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Zee Tech HK Ltd. is equally owned by Mr. Zaid Anwar Mohammed and Mr. Mouhmouh Aziz, both of whom are Indian. The subject has just issued 2 ordinary shares of HK$1.00 each while each of the shareholders holds a single share. The only director of the subject Mr. Zunnurain is also an Indian.
The subject is a mobile phone trader. It is engaged in exporting, wholesaling and retailing all kinds of mobile phones bearing the brand name “Zee Tech”. The subject’s registered address is also a retailing outlet.
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 RU00136451-RU.
Mr. Zaid Anwar Mohammed can be reached at his mobile phone number 852‑9309 2177.
The subject has had offices in India, Africa, the United Kingdom and Latin America, etc.
According to the subject, its associated company has been trading in electronics and telecommunication products for about twenty years. All the subject’s products are worldwide registered IMEI approved by GSM Association.
The subject has had an associated company in India operated by Zunnurain. It currently is looking for worldwide distributors who are financially sound and have experiences in same lines of business.
Currently, the two shareholders are residing in Hong Kong.
The history of the subject in Hong Kong is just over two years and six months.
On the whole, since the history of the subject is short, consider it good for normal 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.51.16 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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.