MIRA INFORM REPORT

 

 

Report Date :

16.08.2012

 

IDENTIFICATION DETAILS

 

Name :

VSUN  COMMUNICATION  TECHNOLOGY  LTD.

 

 

Registered Office :

c/o Hong Kong Upright Accounting Ltd., Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central, Sheung Wan

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.05.2011

 

 

Com. Reg. No.:

58359011

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Manufacturer of all Kinds of Mobile Phones and Related Accessories, Spare Parts, etc.

 

 

No. of Employees :

Nil

 

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 :

Moderate

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 AND ADDRESS

 

VSUN  COMMUNICATION  TECHNOLOGY  LTD.

 

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.

 

Affiliated Company:-

Shenzhen Vsun Communication Technology Ltd.

Rooms 1901/1903, Block A, Xiangnian Square, South Area, 6060 Qiaoxiang Road, Nanshan District, Shenzhen City, China.

[Tel: 86-755-6169 5888;  Fax: 86-755-6153 6970]

 

 

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 16-05-2012)

Name

 

No. of shares

ZHANG Xueying

 

5,000

ZHONG Limin

 

5,000

 

 

––––––

 

Total:

10,000

=====

 

DIRECTORS

(As per registry dated 16-05-2012)

Name

(Nationality)

 

Address

ZHANG Xueying

Room 1901, Block A, Xiangnian Square, South Area, 6060 Qiaoxiang Road, Nanshan District, Shenzhen City, China.

 

ZHONG Limin

Room 1901, Block A, Xiangnian Square, South Area, 6060 Qiaoxiang Road, Nanshan District, Shenzhen City, China.

 

 

SECRETARY

(As per registry dated 16-05-2012)

Name

Address

Co. No.

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 and related accessories, spare parts, etc.

 

Trade Mark:                               “Vsun” brand.

 

Employees:                                Nil.

 

Commodities Imported:               China (main) & 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:                         Traded at a profitable angle.

 

Condition:                               Kept in a progressive manner.

 

Facilities:                             Is making use of general banking facilities.

 

Payment:                              Regularly met.

 

Commercial Morality:              Satisfactory.

 

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

 

Standing:                               Moderate.

 

 

GENERAL

 

Vsun Communication Technology Ltd. [VCTL] was formed in Hong Kong on 16th May, 2011.  With a nominal and issued capital of HK$10,000.00, the company is owned by two PRC merchants know as Mr. Zhang Xueying (50%) and Mr. Zhong Limin (50%).

VCTL has none of direct office in Hong Kong.  Its registered office is located at Room A, 5/F., Unionway Commercial Centre, 283 Queen’s Road Central, Sheung Wan, Hong Kong.  The captioned address is also the same office of a business consultant, Hong Kong Upright Accounting Ltd.  The consultant company is dealing as a company formation firm providing company secretarial and correspondence services to VCTL.  VCTL has also no direct employees in Hong Kong.

The shareholders, Mr. Zhang Xueying and Mr. Zhong Limin are also the Directors of VCTL. 

As far as we know, they are the principals of a Shenzhen Vsun Communication Technology Ltd. [SZVCTL].  The details of SZVCTL are as follow:-

Name:  SZVCTL

Address:  Rooms 1901/1903, Block A, Xiangnian Square, South Area, 6060 Qiaoxiang Road, Nanshan District, Shenzhen City, China.

Phone Number:  86-755-6169 5888

Fax Number:  86-755-6153 6970

Nature of Business:  Manufacture and Sale of Mobile Phones.

The correspondence address of the directors are registered at the same address as SZVCTL.

With a registered capital of RMB6 million, SZVCTL was established in Shenzhen in May 2011.  SZVCTL is a private high-tech enterprise engaged in the design, research and development, manufacture and sale of mobile phones and related accessories and parts.  With operation center in Shenzhen and manufacturing base in Huizhou, SZVCTL directly or indirectly employ over 100 people in China.  Since its establishment, it has become an ODM supplier serving customers worldwide.  It has also extended its business into Wireless Terminal Internet Service and international distribution with its own brand “Vsun”.  Its “Vsun” mobile phones with features innovation, quality and cost effectiveness are well received in the market.  Models it designed and developed consist of N616, N618, N628B, N628C, N638B, N629, N928B, N958B, N968B, etc.

VCTL was set up in Hong Kong as a supporting office for SZVCTL and is responsible for the financing, accounting and shipping activities.  It appears to have used the Hong Kong office address for international trading purposes.

We consider the company good for its normal business engagements on secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.64

UK Pound

1

Rs.87.31

Euro

1

Rs.68.81

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.