|
Report Date : |
08.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEAMZOOM LTD. |
|
|
|
|
Registered Office : |
C/o Baililai International Group (HK) Ltd. Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
31.12.2012 |
|
|
|
|
Com. Reg. No.: |
60810803 |
|
|
|
|
Legal Form : |
-- |
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|
|
|
LINE OF BUSINESS : |
THE SUBJECT’S LINES OF BUSINESS ARE UNKNOWN SINCE THE SECRETARIAL
FIRM ALSO DOES NOT KNOW ANY INFORMATION ABOUT ITS ACTIVITIES. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
TEAMZOOM LTD.
ADDRESS:
Registered Office:-
c/o Baililai International Group (HK) Ltd.
Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong.
60810803
1845096
31st December, 2012.
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 31-12-2012)
|
Name |
|
No. of shares |
|
Noorul Amanulla
ABUBACKER |
|
10,000 ===== |
(As per registry dated 31-12-2012)
|
Name (Nationality) |
Address |
|
Noorul Amanulla
ABUBACKER |
97 (Mangara Street), East Nainar Street, Kayalpatnam‑628 204 Thoothukudi District, Tamil Nadu,
India. |
(As per registry dated 31-12-2012)
|
Name |
Address |
Co. No. |
|
Baililai International Group (HK) Ltd. |
Room 1708, 17/F., Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong. |
1071086 |
Having issued 10,000 ordinary shares of HK$1.00 each, Teamzoom Ltd. is wholly owned by Mr. Noorul
Amanulla Abubacker who is
an Indian.
He is an India passport holder and does not have the right to reside in
Hong Kong permanently. He 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 “Room 1708, 17/F., Nan Fung
Tower, 173 Des Voeux Road Central, Hong Kong” known
as “Baililai International Group (HK) Ltd.” [Baililai] which is handling its correspondences and
documents. Baililai
is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
The subject’s lines of business are unknown since the secretarial firm
also does not know any information about its activities.
No information of the subject can be obtained from our secondary
sources.
Abubacker cannot be reached as he is in India.
The subject may have got an associated company in India which is also
operated by Abubacker.
The subject has been banking with The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong. Its business in Hong Kong is not active. History in Hong Kong is just over seven
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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.81.70 |
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 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.