MIRA INFORM REPORT
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Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
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Name : |
OGMENTUM TECHNOLOGIES CO. LTD. |
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Registered Office : |
C/o Profit Luck Business Consultancy Ltd. Unit 1305, 13/F., 8 Jordan Road, Yaumatei, Kowloon |
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Country : |
Hong Kong |
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Financials (as on) : |
30.04.2013 (Parent Company) |
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Date of Incorporation : |
02.03.2012 |
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Com. Reg. No.: |
59480514 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of all Kinds of Optical and Electronic Solutions. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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
OGMENTUM TECHNOLOGIES
CO. LTD.
ADDRESS: c/o Profit Luck Business
Consultancy Ltd.
Unit 1305, 13/F.,
8 Jordan Road, Yaumatei, Kowloon, Hong Kong.
PHONE: 852-2398 2792
FAX: 852-2390 2493
E-MAIL: sales@ogmentum.com
gordon.guo@ogmentum.com
NOTE:
The subject has
its parent company in the United States. Bases on the financials of its Parent
Company the rating is assigned.
Managing Director: Mr. Gordan
Zhikai Guo
Incorporated on: 2nd
March, 2012.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Optical and Electronic Product Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Profit Luck Business Consultancy Ltd.
Unit 1305, 13/F., 8 Jordan Road, Yaumatei, Kowloon, Hong Kong.
Headquarters:-
Telephone: +1 (775) 473-9907, Fax: +1 (775) 473-9916
Mailing Address:-
297 Kingsbury Grade, Suite 142, P.O. Box 4470,
State Line, NV 89449‑4470 US.
Associated Companies:-
OgMentum Inc., US.
OgMentum Sales Inc., US.
59480514
1712625
Managing Director: Mr. Gordan
Zhikai Guo
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 02-03-2013)
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Name |
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No. of shares |
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Gordon Zhikai GUO |
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5,000 |
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Jake Patrick WEISE |
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5,000 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry dated 02-03-2013)
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Name (Nationality) |
Address |
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Jake Patrick WEISE |
2668 US Highway 12, Salkum, WA 98582, US. |
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Gordan Zhikai GUO |
9671 Evergreen Dr. Bellevue, WA 98004, US. |
(As per registry dated 02-03-2013)
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Name |
Address |
Co. No. |
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Profit Luck Business Consultancy Ltd. |
Unit 1305, 13/F., 8 Jordan Road, Yaumatei, Kowloon, Hong Kong. |
1438347 |
The subject was incorporated on 2nd March, 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: Optical
and Electronic Product Trader.
Lines: All
Kinds of Optical and Electronic Solutions.
Employees: Nil.
Commodities Imported: Europe, China, US, etc.
Markets: China,
other Asian countries, Europe, North America, etc.
Terms/Sales:
As per contracted.
Terms/Buying: Various 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: 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.
Having issued 10,000 ordinary shares of HK$1.00 each, OgMentum
Technologies Co. Ltd. is equally owned by Mr. Jake Patrick Weise and
Mr. Gordan Zhikai Guo. Both are US passport
holders and do not have the right to reside in Hong Kong permanently. They are also the directors of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit 1305, 13/F., 8 Jordan Road, Yaumatei, Kowloon,
Hong Kong” known as “Profit Luck Business Consultancy 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.
To our knowledge, the head office of the subject is in the United
States. Hereinafter is referred to
OgMentum. Your given number 1 (775)
473-9916 is a Fax number belongs to the subject’s head office in the United
States.
Your given another phone number 86-1861 8144 528 is a China line which
has been transferred to a secretarial channel.
Nobody can be reached.
OgMentum is providing customers with Optical and Electronic
Solutions. It is focused solely on
optical, electronic and related technologies and operates with exclusive
representation and distribution agreements with over a dozen leading
manufacturers located around the globe.
In addition to direct sales in specific regions, OgMentum provides
channel management and marketing services with global reach.
It is engaged in the following business scope:-
The business of OgMentum covers North America, Europe and the Asia
Pacific Region.
The subject’s business is handled by Gordan Zhikai Guo who is an
overseas Chinese with American nationality.
OgMentum deals with foreign parties under the name of the subject and
let foreign firms correspond with the subject’s registered address in Hong
Kong. OgMentum also exports 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 a year.
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.
Brief personal profile of the Founder
& President:-
Jake WEISE, Patrick Jake
Weise has over 20 years of experience in sales and marketing, including more than
15 years in fiber optics. Mr. Weise
brings a broad knowledge of many aspects of product marketing, including market
research, product definition and positioning, message communication, and
modeling. His worldwide customer network
includes large and smaller companies in telecommunications, data
communications, semiconductor, and instrumentation.
Gordon GUO Managing Director of Asia Pacific
Gordon
Guo has 18 years of experience in engineering, product development, testing and
technical sales for the optical and sensing industries. Gordon holds a Ph. D degree in engineering
from the University of Washington, lives in Bellevue Wa, and will be traveling
regularly throughout Asia on behalf of OgMentum and the principals that we
represent there.
OGMENTUM TECHNOLIGIES
BALANCE SHEET
AS OF APRIL 30, 2013
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30.04.2013 |
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ASSETS |
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Current Assets |
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Checking CNY |
1,001.19 |
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Checking USD |
708,000.76 |
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HKD Savings |
995.96 |
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Total Checking/Savings |
709,997.91 |
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Total Current Assets |
709,997.91 |
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TOTAL ASSETS |
709,997.91 |
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LIABILITIES & EQUITY |
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Equity |
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Retained Earnings |
246,279.99 |
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Shareholder Investments |
2,000.00 |
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Net Income |
461,717.92 |
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Total Equity |
709,997.91 |
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TOTAL LIABILITIES &
EQUITY |
709,997.91 |
OGMENTUM TECHNOLIGIES
PROFIT & LOSS
JULY
2012 THROUGH APRIL 2013
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July 2012 – April
2013 |
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ORDINARY INCOME/EXPENSE |
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Income |
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Sales |
1,855,825.76 |
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Total Income |
1,855,825.76 |
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Cost of Goods Sold |
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Cost of Goods Sold |
881,756.50 |
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Shipping Costs |
6,031.71 |
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Total COGS |
887,788.21 |
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GROSS PROFIT |
968,037.55 |
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Expense |
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Bank Service Charges |
445.68 |
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Channel Management |
68,000.00 |
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Commision paid |
127,902.63 |
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Duty Fees Expense |
981.00 |
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General Overhead |
6,190.61 |
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Office Expense |
360.00 |
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Principal Management |
50,000.00 |
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Professional Services |
936.49 |
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Sales Consulting |
5,200.00 |
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Trade Show Expense |
25.88 |
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Total Expense |
260,042.29 |
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Net Ordinary Income |
770,995.26 |
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Other Income/Expense |
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Interest Income |
2.65 |
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Total Other Income |
2.65 |
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Net Other Income |
2.65 |
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NET INCOME |
707,997.91 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.14 |
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1 |
Rs.90.05 |
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Euro |
1 |
Rs.77.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.