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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
HK VELL-COM INT'L
LTD |
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|
|
Registered Office : |
c/o HK
Yirenjiaren Registration Secretary Ltd. Flat C, 23/F.,
Lucky Plaza, 315-321 Lockhart Road, Wanchai, |
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Country : |
Hong Kong. |
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Date of Incorporation : |
06.07.2012 |
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Com. Reg. No.: |
60057005 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
TRADER
OF MOBILE PHONE. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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'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 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the 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 28 million in 2011, 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 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. 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 |
HK VELL-COM
INT'L LTD.
ADDRESS: c/o HK Yirenjiaren Registration
Secretary Ltd.
Flat C, 23/F.,
Lucky Plaza, 315-321 Lockhart Road, Wanchai, Hong Kong.
PHONE: 6555 7188
FAX: 3177 9906
Managing
Director: Ms. Ding Ling
Incorporated on: 6th July, 2012.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category:
Importer, Exporter and Wholesaler.
Employee: Nil.
Main Dealing
Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Satisfactory.
Registered Office:-
c/o HK Yirenjiaren
Registration Secretary Ltd.
Flat C, 23/F.,
Lucky Plaza, 315-321 Lockhart Road, Wanchai, Hong Kong.
Dongguan Vell-com
Communication Co. Ltd., China.
Shenzhen Vell-com
Technology Co. Ltd., China.
Welkin (HK)
International Ltd., Hong Kong. [Same
address]
60057005
1770051
Managing
Director: Ms. Ding Ling
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 06-07-2012)
|
Name |
|
No.
of shares |
|
DING Ling |
|
10,000 ===== |
(As
per registry dated 06-07-2012)
|
Name (Nationality) |
Address |
|
DING Ling |
No. 43, Boye Gonglu Xia, Liuying Village,
Zanlong Town, Puning City, Guangdong Province, China. |
(As
per registry dated 06-07-2012)
|
Name |
Address |
Co.
No. |
|
HK
Yirenjiaren Registration Secretary Ltd. |
Flat C, 23/F., Lucky Plaza, 315-321 Lockhart Road, Wanchai, Hong Kong. |
1158209 |
The
subject was incorporated on 6th July, 2012 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: Mobile Phone Trader.
Brand Name: Vell-com.
Employee: Nil.
Commodities
Imported: China, etc.
Markets: China, Japan, other Asian countries, Middle East,
etc.
Terms/Sales: As
per contracted.
Terms/Buying: arious
terms.
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, HK Vell-Com Int’l Ltd. is wholly
owned by Ms. Ding Ling who is a China businesswoman. She is a China ID holder and does not have
the right to reside in Hong Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at “Flat
C, 23/F., Lucky Plaza, 315‑321 Lockhart Road, Wanchai, Hong Kong”
known as “HK Yirenjiaren Registration Secretary Ltd.” which is handling its
correspondences and documents. This firm
is also the corporate secretary of the subject.
The
subject has no employee in Hong Kong. It
has had associated companies in China known as Shenzhen Vell-com Technology Co.
Ltd. [Shenzhen Vell‑com] and Dongguan Vell-com Communication Co. Ltd.
[Dongguan Vell-com].
Shenzhen
Vell-com, a fully invested subsidiary corporation of Welkin (HK) International
Ltd. [Welkin], was established in May 2007.
It has more than 800 employees and located at Block A13, Dongfang Jian
Fuyu Sheng Industrial District, Gushu, Bao’an District, Shenzhen Special Economic
Zone, China.
Welkin
is a professional mobile phone integrator, committed to the
internationalisation of R&D to mobile phone brand. The products have got the CE, CCC, UL
certification.
Established
in 2007, Dongguan Vell-com is located at Daping Village, Tangxia Town, Dongguan
City, Guangdong Province, China.
Employing about 600 person, it is manufacturing all kinds of mobile
phone bearing the brand name of Vell-com.
Most of the products are marketed in Hong Kong, China and exported to
Thailand, India, the United Arab Emirates, Brazil, Africa, etc.
The
subject has registered with the Communications Authority (CA), 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 RU00156061-RU.
It
is likely that the Dongguan and Shenzhen firms deal with foreign parties under
the name of the subject and let foreign firms correspond with the subject’s
registered address in Hong Kong. The
China firms also export commodities to foreign markets under the name of the
subject and its registered address in Hong Kong.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is just over six months.
Since
the subject does not have its own operating office, history is short and has no
employee in Hong Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
UK Pound |
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.