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Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
RARE INTERNATIONAL INVESTMENT LTD. |
|
|
|
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Registered Office : |
Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road,
Kowloon Bay, Kowloon |
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|
|
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Country : |
Hong Kong. |
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|
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Date of Incorporation : |
25.01.2010 |
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|
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Com. Reg. No.: |
51727079 |
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Legal Form : |
Private Limited Company. |
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line of business
: |
Importer & Exporter of All kinds of mobile phones, accessories,
etc. |
|
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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 |
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|
|
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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 – 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 |
HONG KONG - ECONOMIC
OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
|
Source
: CIA |
RARE INTERNATIONAL
INVESTMENT LTD.
Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road,
Kowloon Bay, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
Managing Director: Mr. Wu Yi Ran
Incorporated on: 25th January, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Mobile
Phone Trader.
Employees: Nil.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
RARE INTERNATIONAL
INVESTMENT LTD.
Registered Head
Office:-
Room 909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon
Bay, Kowloon, Hong Kong.
Associated
Company:-
Shenzhen United Creation Technology Co. Ltd.
Room 201, Block A, Science and technology building phase-2, Nanhai Road
1057, Shekou, Nanshan district, Shenzhen, China.
[Tel: 86-755-2688 9800 Fax: 86-755-2688
8111
Email: uct@uctcom.cn]
51727079
1415497
Managing Director: Mr. Wu Yi Ran
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 25-01-2012)
|
Name |
|
No. of share |
|
WU Yi Ran |
|
1 = |
(As per registry dated 25-01-2012)
|
Name (Nationality) |
Address |
|
WU Yi Ran |
Flat 507, 36 Dongping Dadao, Huicheng District, Huizhou City,
Guangdong Province, China. |
(As per registry dated 25-01-2012)
|
Name |
Address |
|
LUI Yiu Po |
Room909, 9/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon
Bay, Kowloon, Hong Kong. |
The subject was incorporated on 25th January, 2010 as a private limited
liability company under the Hong Kong Companies Ordinance.
Last time, the subject was located at Room 303A, 3/F., Shui Hing Centre,
13 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong, moved to the present
address in December 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer & Exporter.
Lines: All kinds of mobile phones, accessories, etc.
Employees: Nil.
Commodities Imported: China,
other Asian countries, etc.
Markets: India, Japan, other Asian countries,
Europe, etc.
Terms/Sales: L/C,
T/T, etc.
Terms/Buying: As per contracted, etc.
Nominal Share Capital: HK$10,000.00
(Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
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.
Rare International Investment Ltd. is wholly-owned by Mr. Wu Yi Ran who
is a China merchant. The subject has
just issued just only one ordinary share of HK$1.00.
The subject is a mobile phone trader.
The subject is located at Room 909, 9/F., Shun Fat Industrial Building,
17 Wang Hoi Road, Kowloon Bay, Kowloon, Hong Kong where is the address of
a secretarial firm operated by Mr. Louie Lui Yiu Po. Louie Lui is also the individual secretary of
the subject.
The subject has no employees in Hong Kong.
It has registered with the Communication Authority [CA], the Government
of Hong Kong SAR, bearing Radio Dealers Licence No. of RU00137631-RU.
The subject has had an associated company known as Shenzhen United
Creation Technology Co. Ltd. [UCT] which is a China-based firm.
Wu Yi Ran is the Deputy General Manager of UCT.
UCT, established in June 2006, is a private high-tech enterprise. It is engaged in the design of mobile
communication terminals, R&D, mobile communication terminal from the PCB
hardware design, application software design, ID design, MD design, etc.
The chairman of UCT Mr. Du Xiaopeng was the former senior vice president
of TCL Group, TCL Mobile general manager.
UCT currently employs 100 people while 55 of them have are university
graduated.
UCT has become the main supplier for Shenzhen Huawei, BYD, GIONEE,
Malata, Maxx, HYUNDAI (Taiwan), ZICOM (Taiwan), Decala (India),
TWZ (Thailand), Mytong (Mexico), Zonda (Mexico), i-mobile, etc. Other customers include DOOV, FLY, ITT,
ORION, MAXX, etc.
UCT’s customers are in the Greater China region, other Asian countries,
Europe, South America, Latin America, Africa, etc.
In 2007, UCT cooperated with BYD to develop a communication platform
INFINEON ULC-2 for Shenzhen Huawei, China.
In the same year, it signed a contract getting the manufacturing
INFINEON License for models T156 and T206.
Currently, UCT is developing FM inside antenna of which technology
standards are over those of Nokia and Moto.
According to UCT, its business has been expanding substantially in
recent years.
In 2011, UCT’s products include 3G, Smart and other advanced products of
the communication terminal.
It is likely that the UCT deals with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. UCT 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 just over two 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
UK Pound |
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.