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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
LEPHONE TECHNOLOGY |
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Registered Office : |
C/o Akin Professionals Ltd. 20/F., |
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Country : |
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Date of Incorporation : |
05.07.2011 |
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Com. Reg. No.: |
37849582-004-04 |
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Legal Form : |
Sole Ownership |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF MOBILE PHONES
AND ACCESSORIES, ETC. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LEPHONE TECHNOLOGY
[Operated by SUBH OVERSEAS (HK) LTD.]
Address:
c/o Akin Professionals Ltd.
20/F., Champion Building,
287-291 Des Voeux Road Central,
Sheung Wan, Hong Kong.
PHONE: 2541 4224
FAX: 2541 4225
Manager: Mr. Subhash Agarwal
Establishment: 5th
July, 2011.
Organization: Sole
Ownership.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Bankers: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
c/o Akin Professionals Ltd.
20/F., Champion Building, 287-291 Des Voeux Road Central,
Sheung Wan, Hong Kong.
Sister Companies:-
Lefe Technology, Hong Kong. [BR
No. 37849582-003]
Sony Ericsson Technology, Hong Kong. [BR
No. 37849582-002]
Telsda Technology, Hong Kong. [BR
No. 37849582-005]
Yxtel Technology, Hong Kong. [BR
No. 37849582-001]
37849582-004-04
Mr. Subhash Agarwal
Subh Overseas (HK) Ltd., Hong Kong.
(See attachment)
The subject was established on 5th July, 2011 as a sole ownership firm
with Subh Overseas (HK) Ltd. as the proprietor under the Hong Kong Business
Registration Regulations.
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 and accessories, etc.
Employees: Nil.
Commodities Imported: China, 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: 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:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Lephone Technology is operated by Subh Overseas (HK) Ltd. [Subh] which
is a Hong Kong registered firm.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at 20/F., Champion Building, 287-291 Des Voeux Road
Central, Sheung Wan, Hong Kong known as Akin Professionals Ltd. which is
handling its correspondences and documents.
The subject has no employees in Hong Kong. The registered address of Subh is also
located at the above-mentioned address.
Akin Professionals is also the corporate secretary of Subh.
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.
Subh has registered with the Office of the Communications Authority
[OFCA], The Government of Hong Kong SAR, the Peoples Republic of China as a
Radio Dealer (Unrestricted) Licensee. It
bears the licence No. of RU00119114-RU.
Besides the subject, Subh also had had the following business names in
Hong Kong:-
·
Lefe Technology
·
Sony Ericsson Technology
·
Telsda Technology
·
Yxtel Technology
All the above-mentioned firms are also located at the address of Akin
Professionals.
It is likely that Subh has got an associated company in India which is
also operated by Subhash Agarwal. The
India firm is also a mobile phone trader.
Since the subject does not have its own operating office and has no
employees in Hong Kong, on the whole, consider it good for business engagements
on L/C basis.
SUBH OVERSEAS (HK)
LTD.
ADDRESS: 20/F., Champion Building,
287-291 Des Voeux Road, Central, Sheung Wan, Hong Kong.
37849582
1122994
13th April, 2007.
Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry dated 13-04-2012)
|
Name |
|
No. of shares |
|
Subhash AGARWAL |
|
1,000,000 ======= |
(As per registry dated 13-04-2012)
|
Name (Nationality) |
Address |
|
Subhash AGARWAL |
36, Bhairav Colony, Behind Police Station, Sumerpur, India. |
(As per registry dated 13-04-2012)
|
Name |
Address |
Co. No. |
|
Akin Professionals Ltd. |
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan,
Hong Kong. |
1273165 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 SCs 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.