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Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
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Name : |
CALLTIME TELECOM
COMMUNICATION LTD. |
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Registered Office : |
c/o Fu Wah Int’l
Business (HK) Co. Ltd., Unit 17, 9/F., Tower A, New Mandarin Plaza, 14
Science Museum Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong. |
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Date of Incorporation : |
10.04.2013 |
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Com. Reg. No.: |
61255731 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject offers clients with telecommunication services. It is a VoIP carrier which focused on
global VoIP A-Z routes wholesale business |
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No. of Employees : |
No Employees in Hong Kong (It is to
be noted that the company does not have its own operating office in Hong
Kong. The company uses the address of its secretariat as its correspondence address
only. Subject operates from some other country and does not have a base in
Hong Kong. Such companies are registered in Hong Kong just to tax benefit
purpose and due to the strict privacy laws prevailing in the country. In such
cases, the companies are not required to have any employees in Hong Kong nor
do have an office there.) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New
Business |
---- |
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Status : |
New Business |
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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 – 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 |
CALLTIME TELECOM
COMMUNICATION LTD.
Registered
Office:-
c/o Fu Wah Int’l
Business (HK) Co. Ltd.
Unit 17, 9/F., Tower
A, New Mandarin Plaza, 14 Science Museum Road, Tsimshatsui, Kowloon, Hong Kong.
Guangzhou Calltime
Telecom Communication Ltd., China.
61255731
1889427
10th April, 2013.
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 10-04-2013)
|
Name |
|
No.
of shares |
|
LIN Xiaoyan |
|
10,000 ===== |
(As
per registry dated 10-04-2013)
|
Name (Nationality) |
Address |
|
LIN Xiaoyan |
2/F., No. 5, Sushe E. First Alley, Qianjin
Road, Haizhu District, Guangzhou, China. |
(As
per registry dated 10-04-2013)
|
Name |
Address |
Co.
No. |
|
Baihui
International Business (HK) Ltd. |
Unit 704, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong
Kong. |
1367966 |
Calltime
Telecom Communication Ltd. was incorporated on 10th April, 2013 as a private limited
liability company under the Hong Kong Companies Ordinance.
Incorporated
in April 2013, the subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit 17, 9/F., Tower A, New Mandarin Plaza, 14 Science
Museum Road, Tsimshatsui, Kowloon, Hong Kong” known as “Fu Wah Int’l Business
(HK) Co. Ltd.” [Fu Wah] which is handling its correspondences and documents.
The
corporate secretary of the subject Baihui International Business (HK) Ltd.
located at a different address is an associated company of Fu Wah.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary
shares of HK$1.00 each of which are wholly-owned by Ms. Lin Xiaoyan who is
a China businesswoman. She can be
reached at her Guangzhou phone number 86-20-6628 8176.
The
subject has had an associated company bearing the same name [Calltime Telecom]
in Guangzhou. The above-mentioned phone
number 86-20-6628 8176 belongs to Calltime Telecom.
Calltime
Telecom offers clients with telecommunication services. It is a VoIP carrier which focused on global
VoIP A-Z routes wholesale business.
Based on the safe and fast operating system and server, it can provide a
low‑cost, stable international routing, and thoughtful 7 x 24 hours of
service. Calltime Telecomn is able to
provide clients with an efficient and high quality service. Now, it is inviting more VoIP wholesale
carriers to join it.
Calltime
Telecomn offers clients with the following services:-
·
Retail over IP Termination: Calltime Telecom Video over IP approach to
communications and save a great deal of money on telecommunication
functions. It offer services like PC2Phone,
Call shop, VoIP devices, Callback, Calling cards etc with A-Z routing.
·
Server Hosting: It has its own IDC room in Hong Kong, it can
provide Server Hosting for mail, web, VoIP, etc.
·
Wholesale Voice Termination: Protocols supported are SIP, H323 and
IAX. All the three protocols can be provided
with unlimited number of concurrent calls.
It provides A-Z destination with premium CLI routes and standard routes.
It
is also likely that Calltime Telecomn deals with foreign parties under the name
of the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong.
Calltime
Telecomn is inviting VoIP wholesale carriers to join it.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is just over five 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.
NOTE :
It is to be
noted that the company does not have its own operating office in Hong Kong. The
company uses the address of its secretariat as its correspondence address only.
Subject operates from some other country and does not have a base in Hong Kong.
Such companies are registered in Hong Kong just to tax benefit purpose and due
to the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
UK Pound |
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.49 |
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.