MIRA INFORM REPORT
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Report Date : |
16.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CATHAY COMMUNICATIONS TECHNOLOGY CO.
LTD. |
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Registered Office : |
c/o Golden China Consultants Ltd., Room 2201-2203, 22/F., World Wide House, 19 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.03.2007 |
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Com. Reg. No.: |
37717547 |
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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, etc |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No operating Office in
Hong Kong |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
a2 |
a2 |
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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 |
CATHAY COMMUNICATIONS TECHNOLOGY CO. LTD.
c/o Golden China Consultants Ltd.
Room 2201-2203, 22/F., World Wide House, 19 Des Voeux Road Central, Hong Kong.
PHONE: 2218 0931
FAX: 2501 0028
Chairman & Chief Executive Officer: Mr. Dai Xiao Quan, Dave
Incorporated on: 9th March, 2007.
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.
Registered Head Office:-
c/o Golden China Consultants Ltd.
Room 2201-2203, 22/F., World Wide House, 19 Des Voeux Road Central, Hong Kong.
Holding Company:-
Cathay Communications International Ltd., British Virgin Islands.
Associated Companies:-
Cellon (China) Co. Ltd., China.
Cellon Communications Technology (Hongkong) Ltd., Hong Kong.
Cellon Communications Technology (Shenzhen) Co. Ltd., China.
37717547
1114129
Chairman & Chief Executive Officer: Mr. Dai Xiao Quan, Dave
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 09-03-2011)
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Name |
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No. of shares |
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Cathay Communications International Ltd. P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands. |
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10,000 ===== |
(As per registry
dated 09-03-2011)
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Name (Nationality) |
Address |
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DAI Xiao Quan |
Room 24-D4, Peng Lai Apartment, Changping District, Beijing P.C. 102209, China. |
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XU Xiao Ping |
No. 1203, No. 2 Building, 108 Zhi Chun Road, Haidian District, Beijing, China, |
(As per registry
dated 09-03-2011)
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Name |
Address |
Co.
No. |
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Golden China Consultants Ltd. |
Room 2201-2203, 22/F., World Wide House, 19 Des Voeux Road Central, Hong Kong. |
0662723 |
The subject was incorporated on 9th March, 2007 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 and Exporter.
Lines: All kinds of mobile phones, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China, Hong Kong, Japan, other Asian countries, Europe, North America, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
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: Unknown
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Cathay Communications Technology Co. Ltd. is a wholly-owned subsidiary of Cathay Communications International Ltd. which is a BVI-registered firm.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 2201-2203, 22/F., World Wide House, 19 Des Voeux Road Central, Hong Kong known as Golden China Consultants 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.
The subject is a mobile phone trader. Its associated factory in Shenzhen Special Economic Zone is known as Cellon Communications Technology (Shenzhen) Co. Ltd. [CCTSCL]. CCTSCL is a member of the Cellon Group [Cellon].
CCTSCL is a global leading and independent provider of wireless handsets and module designs, dedicated to the development and industrialization of GSM/GPRS, EDGE, WCDMA and TD-SCDMA. Cellon provides complete modules, platforms and end-to-end solutions for worldwide top handset OEM manufacturers and brand owners with the effort of more than 2,500 employees in Shenzhen Special Economic Zone, Beijing, South Korea, France and the United States.
In addition, Cellon has established strategic relationship with many leading technology providers and third-party software developers. Now, there are over 55 million wireless handsets based on the design from Cellon.
As a worldwide well-known design house, Cellon provides customer with complete design, development and related services.
Cellon
also enjoys a significant market presence in China, where its designs provide technology to such recognized brands as “Haier”,
which is Chinese largest consumer electronics
company; “Skyworth”, which is one of the largest Chinese handset brands
and the largest home electronics and appliance brands; and “OPPO”, which
is one of the home high-level consumer electronics brands. Cellon helps customers industrialize and
attain certification.
The following firms are the main customers of Cellon: Telefonica,
Digicel, America Movil, Motorola, Philips, i-Mobile of Thailand, Karbonn of
India, etc.
Cellon offers cost effective end-to-end wireless handset
and module solutions.
Cellon was first established in 1999, and later
re-established in 2002 when Cellon merged with the spin-off of Philips mobile
phone European R&D centre. This
reestablishment allowed Cellon to leverage Philips’ strengths, and further
develop its business and design capabilities. In 2007, after the company MBO, Cellon shifted
from a design house business model, forward into the ODM business model that
the company follows today.
The subject is fully supported by the Cellon Group. History of the subject in Hong Kong is just
over five 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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.22 |
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UK Pound |
1 |
Rs.78.64 |
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Euro |
1 |
Rs.65.54 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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.