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Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TOPAZ COMMUNICATION |
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Registered Office : |
Flat C, 12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon |
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Country : |
Hong Kong. |
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Date of Incorporation : |
25.03.2009 |
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Com. Reg. No.: |
50455639-000-03 |
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Legal Form : |
Sole Proprietorship |
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LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF ALL KINDS OF MOBILE PHONES,
ACCESSORIES, ETC. |
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No. of Employees : |
1 |
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 concern |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong. |
A2 |
A2 |
|
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 |
TOPAZ
COMMUNICATION
Flat C, 12/F.,
Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2721 3436
Manager: Ms. Alisha Rai (Mobile: 6938 4586)
Establishment : 25th March, 2009.
Organization : Sole Proprietorship.
Capital : Not disclosed.
Business Category : Mobile Phone Trader.
Employee : 1.
Main Dealing Banker : Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation : Satisfactory.
TOPAZ
COMMUNICATION
Head Office:-
Flat C, 12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.
Associated Company:-
Topaz Telecom Ltd.
c/o CBS Pacific Ltd.
Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.
50455639-000-03
Manager: Ms. Alisha Rai
Contact
Person: Mr. Anil
Name: Ms. Alisha RAI
Residential Address Flat
D2, 6/F., Mirador Mansion, 54-64 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
The
subject was established on 25th March, 2009 as a sole proprietorship concern
owned by Ms. Alisha Rai under the Hong Kong Business Registration Regulations.
Initially
the subject was located at Flat D2, 6/F., Mirador Mansion, 54‑64 Nathan
Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in late
March 2009.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities : Importer and Exporter.
Lines : All kinds of mobile phones, accessories, etc.
Employee : 1.
Commodities Imported : Europe, etc.
Markets : India, other Asian countries, etc.
Terms/Sales : As per contracted.
Terms/Buying : L/C, T/T, etc.
Capital : Not disclosed.
Profit or Loss : Keeping a balance account.
Condition : Business is under development.
Facilities : Trying to make use of general banking facilities.
Payment : Met trade commitments as required.
Commercial Morality : Satisfactory.
Banker : Bank of China (Hong Kong) Ltd., Hong Kong.
Standing : Small.
Topaz
Communication is a sole proprietorship set up on and owned by Ms. Alisha
Rai who is an Indian businesswoman. She
is a Hong Kong ID Card holder and has got the right to reside in Hong Kong
permanently.
Established
in March 2009, the subject is a telecommunication product trader.
The
subject does not have its own operating office.
Its registered address is in a private building located at Flat C,
12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong. This is the new residence of Rai. The subject moved to this new address in late
March 2009. The residential building is
not trespassed by outsiders. However,
the subject has had one employee in Hong Kong.
The
subject is trading in all kinds of mobile phones, batteries and
accessories. It is carrying GSM/PCS
mobile phones and accessories such as “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic/NEC”, etc.
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. It
bears the licence No. of RU00131350-RU.
Rai
can be reached at her mobile phone number 6938 4586.
The
subject exports its products to India and the other Asian countries.
It
is likely that the subject has got an associated company in India which is also
a telecommunication product trader.
The
subject’s business is chiefly handled by Rai herself. The contact person is a Mr. Anil. History in Hong Kong is less than three
years.
Since
the registered office of the subject is in a residential building, on the
whole, consider it good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 |
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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 |
|
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 |
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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 |
-- |
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.