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Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TELECOM LINK LTD. |
|
|
|
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Registered Office : |
c/o Buttar.HK Ltd., Unit T, 1/F., Mau Lam Commercial Building, 16-18
Mau Lam Street, Jordan, Kowloon |
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|
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Country : |
Hong Kong |
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Date of Incorporation : |
16.07.2010 |
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|
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Com. Reg. No.: |
52670843 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of All kinds mobile phones and accessories,
etc. |
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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 |
|
Status : |
No operating office in Hong Kong |
|
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 King |
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 |
TELECOM LINK LTD.
c/o Buttar.HK Ltd.
Unit T, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
Managing Director: Mr. Kishor
Ahuja
Incorporated on: 16th July, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
TELECOM LINK LTD.
Registered
Office:-
c/o Buttar.HK Ltd.
Unit T, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong.
52670843
1481393
Managing Director: Mr. Kishor
Ahuja
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
16-07-2012)
|
Name |
|
No. of shares |
|
Kishor AHUJA |
|
10,000 ===== |
(As per registry dated 16-07-2012)
|
Name (Nationality) |
Address |
|
Kishor AHUJA |
S-1/174 Sec-1, Old Mahavir Nagar, Tilak Nagar, Delhi-110018, India. |
(As per registry dated 16-07-2012)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
0975326 |
The subject was incorporated on 16th July, 2010 as a private limited
liability company under the Hong Kong Companies Ordinance.
Initially the subject was located at 6/F., Shun On Commercial Building,
112‑114 Des Voeux Road Central, Hong Kong, moved to the present address
with effect from 26th July, 2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds mobile phones and accessories, etc.
Employees: Nil.
Commodities Imported: China, other
Asian countries, etc.
Markets: India,
other Asian countries, the Middle East, etc.
Terms/Sales: L/C,
T/T, etc.
Terms/Buying: As per contracted, etc.
Nominal Share Capital: HK$10,000.00
(Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Alternation of Capital:-
|
16-07-2010 |
paid up |
HK$ 1.00 |
|
26-07-2010 |
paid up |
HK$ 9,999.00 |
|
|
|
–––––––––––– |
|
Total: |
paid up |
HK$ 10,000.00 =========== |
Profit or Loss: Kept
a balance account.
Condition: Business
is under development.
Facilities: Making
fairly active use of general banking facilities.
Payment: Unknown.
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, Telecom Link Ltd.
is wholly owned by Mr. Kishor Ahuja who is an Indian. He is an India passport holder and does not
have the right to reside in Hong Kong permanently. He is the only director of the subject.
The subject does not have its own operating office. Its registered office is in a business centre
located at Unit T, 1/F., Mau Lam Commercial Building, 16‑18 Mau Lam
Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling
its correspondences and documents.
Buttar.HK Ltd. is also the corporate secretary of the subject.
Formerly its registered office was in a commercial service provider
located at 6/F., Shun On Commercial Building, 112-114 Des Voeux Road Central,
Hong Kong known as Company Kit Registrations Ltd. which had handled its
correspondences and documents. The subject
changed its registered address to the present one with effect from 26th July,
2010 as it has changed its commercial service provider.
The subject is a mobile phone trader.
It also trades in accessories of mobile phone such as batteries.
The subject has registered with the Office of the Telecommunications
Authority [OFTA], 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
RU00140866-RU.
The subject is trading in all kinds of mobile phones and
accessories. It is carrying GSM/PCS
mobile phones and accessories which are chiefly imported from China.
It is likely that the subject has got an associated company in Delhi,
India. It is likely that the India firm
deals with foreign parties under the name of the subject and let foreign firms
correspond with the subject’s registered address in Hong Kong. The India firm 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 very 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.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.