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Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TOPAZ TELECOM
LTD. |
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Registered Office : |
c/o CBS Pacific
Ltd. Unit A, 8/F.,
Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.01.2011 |
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Com. Reg. No.: |
53695109 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER 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 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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 TELECOM
LTD.
Flat C, 12/F., Dorfu
Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2721 3436
Managing
Director: Ms. Alisha Rai (Mobile: 6938 4586)
Incorporated on : 28th January, 2011
Organization : Private Limited Company.
Capital: Nominal : HK$10,000.00
Issued : HK$1.00
Business Category : Importer, Exporter and Wholesaler.
Employee : 1.
Main Dealing Banker : Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Banking Relation : Satisfactory.
TOPAZ TELECOM
LTD.
Registered
Office:-
c/o CBS Pacific
Ltd.
Unit A, 8/F., Kam
Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.
Head
Office:-
Flat C, 12/F.,
Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.
Associated
Company:-
Topaz
Communication
Flat C, 12/F.,
Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.
53695109
1557807
Managing
Director: Ms. Alisha Rai
Contact
Person: Mr. Anil
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 28-01-2011)
|
Name |
|
No.
of share |
|
Mohammad Hanif |
|
1 = |
(As per registry dated 01-08-2011)
|
Name (Nationality) |
Address |
|
Alisha RAI |
Flat C, 12/F., Dorfu Court, 5-6 Hau Fook
Street, Tsimshatsui, Kowloon, Hong Kong. |
|
Thomas REN |
Kannanchira House, Karukachal, Devagiri P.0
Kottayam Kerala 686555, India. |
(As per registry dated 28-01-2011)
|
Name |
Address |
Co.
No. |
|
CBS
Pacific Ltd. |
Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road,
Wanchai, Hong Kong. |
0582043 |
The subject was incorporated on 28th January, 201 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 and Wholesaler.
Lines : All kinds of mobile phones, accessories, etc.
Employee : 1.
Commodities Imported : Europe, etc.
Markets : India, other Asian countries, etc.
Annual Turnover : Too early to obtain figure.
Terms/Sales : As per contracted.
Terms/Buying : L/C, T/T, 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 : 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 : Satisfactory.
Banker : Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Standing : Small.
Having
issued just 1 ordinary share of HK$1.00 each, Topaz Telecom Ltd. is wholly
owned by Mohammad Hanif who is an Indian.
The directors of the subject are Ms. Alisha Rai and Mr. Thomas Ren. The former is residing in Hong Kong while the
latter is residing in India. The
Managing Director Alisha Rai is a Hong Kong ID Card holder and has got the
right to reside in Hong Kong permanently.
The
registered address of the subject is in a commercial service firm located at
Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong
Kong known as CBS Pacific Ltd. which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.The subject’s operating address is in the
residence of Rai which is located at Flat C, 12/F., Dorfu Court, 5-6 Hau Fook
Street, Tsimshatsui, Kowloon, Hong Kong.
There is another firm known as Topaz Communication [TC] located at this address. Also operated by Rai herself, TC and the
subject are engaged in the same lines of business.
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.
TC
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
India firm maybe operated by Mohammad Hanif or Thomas Ren.
The
subject’s business is chiefly handled by Rai herself. The contact person is a Mr. Anil. History in Hong Kong is just over a
year. Business is still under
development.
Since
the operating 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 |
|
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.