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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL TELECOMMUNICATION (HK) LTD. |
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Registered Office : |
C/o CBS Pacific Ltd. Flat 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 : |
22.08.2007 |
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Com. Reg. No.: |
38317728 |
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Legal Form : |
Private Limited Company |
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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 : |
Not Available |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GLOBAL TELECOMMUNICATION (HK)
LTD.
ADDRESS: c/o CBS Pacific Ltd.
Flat A, 8/F., Kam
Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.
PHONE: 2528 2930
FAX: 8148 9228
Managing Director: Mr. Imran Khan
Khan Safi
Incorporated on: 22nd
August, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Mobile Phone Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o CBS Pacific Ltd.
Flat A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road,
Wanchai, Hong Kong.
38317728
1160764
Managing Director: Mr. Imran Khan
Khan Safi
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 22-08-2011)
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Name |
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No. of shares |
|
Imran Khan KHAN SAFI |
|
10,000 ===== |
(As per registry dated 22-08-2011)
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Name (Nationality) |
Address |
|
Imran Khan KHAN SAFI |
O. No. 17/8, N. No. 19/9, Thayar Sahis Street, Ellis Road, Chennai
600002, India. |
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Ren Thomas |
Kannanchira House, Karukachal, Devagiri P.O. Kottayam, Kerala 686555,
India. |
(As per registry dated 22-08-2011)
|
Name |
Address |
Co. No. |
|
CBS Pacific Ltd. [Resigned on 10-10-2011] |
Flat A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road,
Wanchai, Hong Kong. |
0582043 |
The subject was incorporated on 22nd August, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject’s registered address moved to the present one in September
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.
Employees: Nil.
Commodities Imported: Europe, Asia, etc.
Markets: Asian
countries, Europe, Middle East, etc.
Terms/Sales:
L/C, T/T, etc.
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$10,000.00
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Global
Telecommunication (HK) Ltd. is wholly owned by Imran Khan Khan Safi who is an
Indian. He is an India passport holder
and does not have the right to reside in Hong Kong permanently. He is also a director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Flat 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 was also the corporate secretary of the subject. However, it has resigned since 10th October,
2011.
The subject is trading in all kinds of mobile phones and
accessories. It is carrying GSM/PCS
mobile phones and accessories such as “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic/NEC”, “etc. Commodities are chiefly marketed in Asian
countries.
It is likely that the subject has got an associated company in India
which is also operated by Khan Safi. The
India firm is also a mobile phone trader.
It is also likely that the India firm deals with foreign parties under
the name of the subject and let foreign firms correspond with the subject’s
registered address in Hong Kong. The
India firm 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 over four years and
six months.
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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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.