MIRA INFORM REPORT

 

 

Report Date :           

10.03.2012

 

IDENTIFICATION DETAILS

 

Name :

GHX  TELECOM  LTD.

 

 

Registered Office :

c/o Roonwin Ltd., Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

24.05.2011

 

 

Com. Reg. No.:

58403680

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer, Importer and Exporter of all kinds of mobile phones, etc.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

Payment Behaviour :

Unknown

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 30th, 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

Restricted

 

C2

Off-credit

 

D

 

Company name

 

GHX  TELECOM  LTD.

 

 

company ADDRESS    

 

c/o Roonwin Ltd.

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

PHONE:            6499 2513

 

 

MANAGEMENT

 

Managing Director:  Mr. Xia Zhi Hua

 

 

SUMMARY

 

Incorporated on:             24th May, 2011.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Telecommunication Product Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Roonwin Ltd.

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

 

China Factory:-

Shenzhen GHX Telecom Ltd.

3/F., Celighting Building South Tower, South Area of Science and Technology Park, Nanshan District, Shenzhen, China.

[Tel:      86-755-8292 6025

Fax:      86-755-8368 4771

E-mail:  mygeotel@hotmail.com ]

 

Associated Companies:-

Ha Wah Technology Electronic Ltd., Hong Kong.  (Same address)

Shenzhen Chang Sheng Tai Electronics Co. Ltd., China.

Shenzhen Huaxia Technology Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

58403680

 

 

COMPANY FILE NUMBER

 

1605502

 

 

MANAGEMENT

 

Managing Director:         Mr. Xia Zhi Hua

 

 

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 24-05-2011)

 

Name

 

No. of shares

XIA Zhi Hua

 

5,000

Karan SINGH

 

2,500

Jasvinder SINGH

 

2,500

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTORS

(As per registry dated 24-05-2011)

 

Name

(Nationality)

 

Address

XIA Zhi Hua

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

 

Jasvinder SINGH

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

 

Karan SINGH

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

 

 

SECRETARY

(As per registry dated 24-05-2011)

 

Name

Address

Co. No.

Roonwin Ltd.

Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

1508951

 

 

HISTORY

 

The subject was incorporated on 24th 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:                      Manufacturer, Importer and Exporter.

 

Lines:                           All kinds of mobile phones, etc.

 

Employees:                   Nil.

 

Materials/Commodities:  Imported raw materials from China and finished products from China.

 

Markets:                       India, Japan, other Asian countries, Europe, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, 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:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Unknown

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, GHX Telecom Ltd. is jointly owned by Mr. Xia Zhi Hua, holding 50% interests; Mr. Karan Singh, holding 25%; and Mr. Jasvinder Singh, 25%.  The latter two are Indian.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 501B, 5/F., Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong known as Roonwin Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.  It is a mobile phone manufacturer and trader.  Its manufacturing base is in Shenzhen Special Economic Zone, China.

The subject’s main associated firm in Shenzhen Special Economic Zone, China, is Shenzhen Chang Sheng Tai Electronics Co. Ltd. [Chang Sheng Tai] which was established in April 2005.  It is engaged in mobile phone manufacturing.  Its products bear the brand name “HX Mobile”.

The subject’s another associate Shenzhen Huaxia Technology Co. Ltd. [Huaxia] is also a Shenzhen-based firm.  Huaxia is also a mobile phone manufacturer.  The legal representative of this firm is also Mr. Xia Zhi Hua.  Huaxia and Chang Sheng Tai are located at the same address in Shenzhen, China.

The subject has had a factory in Shenzhen GHX Telecom Ltd. [Shenzhen GHX].  This firm is also manufacturing mobile phones bearing the brand name “GEOTEL”.  Shenzhen GHX is one of the leading mobile phone manufacturers based in Shenzhen China.  In India, Africa and the Middle East, its brand “GEOTEL” has been one of the significant brands.  With headquarters and major manufacturing facility in Shenzhen, Shenzhen GHX designs and produces a full line of middle-end mobile phones.

With years of development, Shenzhen GHX’s overseas branches are in India, Dubai (UAE), Lagos (Nigeria), Dar es Salaam (Tanzania), Kinshasa (Congo), Dakar (Senegal), Nairobi (Kenya), and Ho Chi Minh (Vietnam).  All these branches are able to provide fast and convenient services to over 20 countries and regions of the world.  It is likely that Shenzhen GHX deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Shenzhen GHX also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The history of the subject in Hong Kong is just over nine 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 secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.00

Euro

1

Rs.66.18

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.