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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ALKSTONE TELECOMMUNICATION LTD. |
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Registered Office : |
Room 1109, 11/F., Nan Fung Commercial Centre, 19 Lam Lok Street,
Kowloon Bay, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.07.2008 |
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Com. Reg. No.: |
39583348 |
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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 : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
ALKSTONE
TELECOMMUNICATION LTD.
Room 1109, 11/F.,
Nan Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2446 1740, 2446 1746
FAX: 2446 1742
E-MAIL: info@alkstone.com
admin@alkstone.com
Managing
Director: Mr. Hemang Bhagwandas Shah
Incorporated on: 14th July, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Importer and Exporter.
Annual Turnover: HK$45~48 million (Including associates)
Employees: 4. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ALKSTONE
TELECOMMUNICATION LTD.
Registered
Head Office:-
Room 1109, 11/F.,
Nan Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Kowloon, Hong Kong.
Affiliated
Factory:-
Lite Source Manufacturing Co.
1, 14 Pingyuan Zhijie, Fen Jiang Nan Road, Foshan City,
Guangdong Province, China.
[Tel: (86-757) 8398 7888; Fax: (86-757)
8398 7168]
Associated/Affiliated Companies:- (Same address)
Lite Source Manufacturing Co. Ltd., Hong Kong.
Lite Source Manufacturing Co., Hong Kong.
Portege
Corporation Ltd., Hong Kong.
Portege Industries
Ltd., Hong Kong.
Zytel Industries Ltd., Hong Kong.
Zytel Systems Ltd., Hong Kong.
39583348
1256564
Managing
Director: Mr. Hemang Bhagwandas Shah
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$100.00
(As per registry dated 14-07-2011)
|
Name |
|
No.
of shares |
|
Reena
Hemang SHAH |
|
75 |
|
Hemang Bhagwandas SHAH |
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25 |
|
|
|
––– |
|
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Total: |
100 === |
(As per registry dated 01-12-2011)
|
Name (Nationality) |
Address |
|
Hemang
Bhagwandas SHAH |
52/F., 9 Celestial Avenue, 80 Sheung Shing
Street, Celestial Heights, HoManTin, Kowloon, Hong Kong. |
|
Reena Hemang
SHAH |
52/F., 9 Celestial Avenue, 80 Sheung Shing
Street, Celestial Heights, HoManTin, Kowloon, Hong Kong. |
(As per registry dated 14-07-2011)
|
Name |
Address |
Co.
No. |
|
General
Secretarial Ltd. |
Room 1501, 15/F., Yu Sung Boon Building, 107-111 Des Voeux, Road
Central, Hong Kong. |
0731960 |
The
subject was incorporated on 14th July, 2008 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly
the subject was located at Suite 1009, 10/F., Silvercord, Tower 1, 30 Canton
Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in April 2012.
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: 4. (Including associates)
Commodities Imported: Europe, Asian countries, etc.
Markets: North America, South America, Australia, Europe, Russia, Asian countries, etc.
Annual Turnover: HK$45~48 million (Including associates)
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
Profit or Loss: Made a small profit in 2011.
Condition: Business is improving.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
Having
issued 100 ordinary shares of HK$1.00 each, Alkstone Telecommunication Ltd. is
jointly owned by Mr. Reena Hemang Shah, holding 75% interests; and Mr. Hemang
Bhagwandas Shah, holding 25%. The two
Shahs are also directors of the subject.
They are Hong Kong ID Card holders and have got the right to reside in
Hong Kong permanently.
Incorporated
in July 2008, the subject is trading in all kinds of mobile phones. It is one of the suppliers of
telecommunications and IT products in Hong Kong. The subject is a professional manufacturer of
mobile phones and mobile phone accessories.
It can also supply related electronic products such as GPS, USB flash
disk, memory card, MP3/MP4 player, bluetooth products etc.
The
subject has registered with the Office of the Communications Authority [OFCA]
The Government of Hong Kong SAR, the People’s Republic of China as a Radio
Dealer (Unrestricted) Licensee. The
subject bears the licence No. of RU00127224-RU.
The
subject has a lot of partners to cooperate with it for a long-term
relationship, and also it has got wide networks for electronic products. Its products are mainly exported to North
America, South America, Australia, Europe, Russia, Asian countries, etc.
According
to the subject, in 2008, it established a factory engaged in manufacturing
mobile phones. The subject has built
business relations with the largest Asia raw material suppliers and other China
based electronic products manufacturer.
In 2009, the subject built a wholesale platform (mobile-phones, CN),
which provides its customers with a fast trading online marketplace as well as
real time product information.
The
subject’s professional workers in its factory are good at developing “ACTION”,
“ROCKCHIP”,” SIGMATEL”, and other popular programs, and exploring and
integrating a variety of advanced features, such as FM launch, bluetooth, TV
and touch screen etc. Moreover, “SIGMATEL”,
“ACTION”, “SAMSUNG”, and other IC companies provide it with professional
technical support. The subject can also
produces both plastic and metal shell in its factory.
According
to the subject, it has had a lot of partners to cooperate with it for a long
time, and it also has a wide network for electronic products.
The
subject has had two associated companies Portege Corporation Ltd. [Portege] and
Lite Source Manufacturing Co. Ltd. [Lite Source] located at its operating
office. Portege and Lite Source are also
owned by the two Shahs. However, this
firm is trading in furniture fitting hardware, light fitting, electronics and
building materials, sanitary ware, bathroom fittings, etc.
The
annual sales turnover of the subject ranges from HK$45 to 48 million. Making a small profit every year.
The
history of the subject in Hong Kong is just over three years and ten
months. On the whole, consider it good
for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
<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.