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Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG OPAL COMMUNICATION CO. LTD |
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Registered Office : |
C/o Fu Wah Int’l Business (HK) Ltd. Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.01.2011 |
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Com. Reg. No.: |
53568033 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF MOBILE
PHONES, ETC. |
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No. of Employees : |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on
international trade and finance - the value of goods and services trade, including
the sizable share of re-exports, is about four times GDP. Hong Kong levies
excise duties on only four commodities, namely: hard alcohol, tobacco,
hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong
Kong's open economy left it exposed to the global economic slowdown that began
in 2008. Although increasing integration with China, through trade, tourism,
and financial links, helped it to make an initial recovery more quickly than
many observers anticipated, it again faces a possible slowdown as exports to
the Euro zone and US slump. The Hong Kong government is promoting the Special
Administrative Region (SAR) as the site for Chinese renminbi (RMB)
internationalization. Hong Kong residents are allowed to establish RMB-denominated
savings accounts; RMB-denominated corporate and Chinese government bonds have
been issued in Hong Kong; and RMB trade settlement is allowed. The territory
far exceeded the RMB conversion quota set by Beijing for trade settlements in
2010 due to the growth of earnings from exports to the mainland. RMB deposits
grew to roughly 9.1% of total system deposits in Hong Kong by the end of 2012,
an increase of 59% from the previous year. The government is pursuing efforts
to introduce additional use of RMB in Hong Kong financial markets and is
seeking to expand the RMB quota. The mainland has long been Hong Kong's largest
trading partner, accounting for about half of Hong Kong's exports by value.
Hong Kong's natural resources are limited, and food and raw materials must be
imported. As a result of China's easing of travel restrictions, the number of
mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9
million in 2012, outnumbering visitors from all other countries combined. Hong
Kong has also established itself as the premier stock market for Chinese firms
seeking to list abroad. In 2012 mainland Chinese companies constituted about
46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for
about 57.4% of the Exchange's market capitalization. During the past decade, as
Hong Kong's manufacturing industry moved to the mainland, its service industry
has grown rapidly. Growth slowed to 5% in 2011, and less than 2% in 2012.
Credit expansion and tight housing supply conditions caused Hong Kong property
prices to rise rapidly and inflation to rise 4.1% in 2012. Lower and middle
income segments of the population are increasingly unable to afford adequate
housing. Hong Kong continues to link its currency closely to the US dollar, maintaining
an arrangement established in 1983.
Source
: CIA
HONGKONG OPAL
COMMUNICATION CO. LTD
ADDRESS: c/o Fu Wah Int’l Business
(HK) Ltd.
Unit 04, 7/F.,
Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong.
PHONE: 2389 2981
FAX: 3590 2333
E-MAIL: opalmobile@yahoo.cn
Managing Director: Ms. Zheng Chan
Juan
Incorporated on: 5th
January, 2011.
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 Office:-
c/o Fu Wah Int’l Business (HK) Ltd.
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong.
Another corresponding address:-
Room 309-310, 3/F., Winning Commercial Building, 46-48 Hillwood Road,
Tsimshatsui, Kowloon, Hong Kong.
[Tel: 852-2493 4879, Fax:
852-2375 7555]
Associated Companies:-
RXT International Ltd., Hong Kong.
Shenzhen Rongxin Telecommunication Co. Ltd.
Room 31D2, Block C, Electronic Building, 2070 Shennan Road, Futian,
Shenzhen, China.
[Tel: 755-3333 1737 Fax:
755-8361 7820]
53568033
1548870
Managing Director: Ms. Zheng Chan
Juan
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 05-01-2013)
|
Name |
|
No. of shares |
|
ZHENG Chan Juan |
|
10,000 ===== |
(As per registry dated 05-01-2013)
|
Name (Nationality) |
Address |
|
ZHENG Chan Juan |
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong. |
(As per registry dated 05-01-2013)
|
Name |
Address |
Co. No. |
|
Fu Wah Int’l Business (HK) Ltd. |
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong. |
1205540 |
The subject was incorporated on 5th January, 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.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of mobile phones, etc.
Brand Name:
OPAL, RXT.
Employees: Nil.
Commodities Imported: China, etc.
Markets: Japan,
India, other Asian countries, Europe, etc.
Terms/Sales:
L/C, Advanced 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$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, Hongkong Opal Communication
Co., Ltd. is wholly owned by Ms. Zheng Chan Juan who is a China
businesswoman. She is a China ID holder
and does not have the right to reside in Hong Kong permanently. She is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit 04, 7/F., Bright Way Tower, 33 Mong Kok
Road, Kowloon, Hong Kong” known as “Fu Wah Int’l Business (HK) 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 trader. Most of its products bear the brand OPAL.
The subject has had an associated company Shenzhen Rongxin
Telecommunication Co. Ltd. [Rongxin] which is in Shenzhen Special Economic
Zone, China. It is a business partner of
the subject.
Your given phone number 86-13798369775 is a China Mobile line. The owner of this line is Ms. Sophia Zheng
Chan Juan.
We can reach her at the above-mentioned phone number. She confirmed that the other address of the
subject located at “Room 309-310, 3/F., Winning Commercial Building, 46-48
Hillwood Road, Tsimshatsui, Kowloon, Hong Kong” is not the office of the
subject. This office belongs to a friend
of Ms. Sophia Zheng.
She advises her business partners contact her at the office of Rongxin
in Shenzhen Special Economic Zone, China.
The mobile phone are exported to the following countries:-
India, Brazil, Egypt, Bangladesh, Argentina, Pakistan, Vietnam, Chile,
Portugal, Russia, Indonesia, Thailand, the UAE, Malaysia, Mexico, etc.
The subject’s business in Hong Kong is not active. History in Hong Kong is over two 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
|
1 |
Rs.82.76 |
|
Euro |
1 |
Rs.71.04 |
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 |
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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 |
|
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.