MIRA INFORM REPORT

Report Date :

14.04.2014

IDENTIFICATION DETAILS

Name :	CONPLEX INTERNATIONAL LTD.

Registered Office :	Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	30.03.2001

Com. Reg. No.:	31862051

Legal Form :	Private Limited Company

Line of Business :	Importer, Exporter and Wholesaler of Electronic products, electric appliances, computer peripherals, telecommunication products, consumer electronics, soya bean meal, glass, mobile phones.

No. of Employees	10

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
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 – december 01, 2013

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Hong Kong

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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies

Source : CIA

Company name and address

CONPLEX INTERNATIONAL LTD.

ADDRESS:

Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.

PHONE: 852-2368 8108 (5 lines), 3902 2022

FAX: 852-2368 6788, 3902 2088

E-MAIL: info@conplexinternational.com

ab@conplexinternational.com

gunjan@conplexinternational.com

sc@conplexinternational.com

MANAGEMENT:

Managing Director: Mr. Chander Parkash Batheja

SUMMARY

Incorporated on: 30th March, 2001.

Organization: Private Limited Company.

Capital: Nominal: HK$100,000,000.00

Issued: HK$70,000,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 10. (Hong Kong)

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Satisfactory.

Company name and address

CONPLEX INTERNATIONAL LTD.

ADDRESS:

Registered Head Office:-

Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.

Branch Offices:-

China
Unit 605, 6/F., Tower B, Taipingyang Trade & Commercial Building, Jiabin Road, Lou Hu District, Shenzhen, China.
[Tel: 86-755-8213 8400, 8213 8401; Fax: 86-755-8213 8402]

Thailand
2240-2242, Pattanakarn Road, Suan Laung, Bangkok 10250, Thailand.

India
Mumbai and New Delhi.

Associated Companies:-

Alqadisiya International Co. Ltd., Hong Kong. (Same address)

Conplex Telecom India Pvt. Ltd., India.

Magic Holdings Ltd., Hong Kong.

BUSINESS REGISTRATION NUMBER

31862051

COMPANY FILE NUMBER

0752363

MANAGEMENT

Managing Director: Mr. Chander Parkash Batheja

Chief Executive Officer: Mr. Nitin Narang

CAPITAL

Nominal Share Capital: HK$100,000,000.00 (Divided into 100,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$70,000,000.00

SHAREHOLDERS

(As per registry dated 28-06-2013)

Name		No. of shares
Chander Parkash BATHEJA		65,949,999
Wla Vises CHANSRICHA		4,050,000
Gunjan NARANG		1
		–––––––––
	Total:	70,000,000 ========

DIRECTORS

(As per registry dated 30-03-2013)

Name (Nationality)	Address
Chander Parkash BATHEJA	Flat A, 12/F., Block 1, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong.
Kaur PRABHJEET	Room 3801, 38/F., Block C, Kam Hing House, Kam Tai Court, Ma On Shan, New Territories, Hong Kong.
Jitendra RAHI	A-702, IFS Apartments, Sector 56, Gurgaon, Near DJB Gurgaon, Haryana - 122002, India.

SECRETARY

(As per registry dated 30-03-2013)

Name	Address	Co. No.
Buttar.HK Ltd.	1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.	0975326

HISTORY

The subject was incorporated on 30th March, 2001 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.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Electronic products, electric appliances, computer peripherals, telecommunication products, consumer electronics, soya bean meal, glass, mobile phones.

Employees: 10. (Hong Kong)

Commodities Imported: China and other Asian countries.

Markets: Southeast Asia, Middle East, North America, etc.

Terms/Sales: T/T, L/C, etc.

Terms/Buying: T/T, L/C, D/P, etc.

MEMBERSHIP: The Indian Chamber of Commerce Hong Kong, Hong Kong.

FINANCIAL INFORMATION

Nominal Share Capital: HK$100,000,000.00 (Divided into 100,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$70,000,000.00

Mortgage or Charge (since 2013): (See attachment)

Profit & Loss: Making a small profit every year.

Condition: Keeping in an active manner.

Facilities: Actively using general banking facilities.

Payment: Met trade commitments on time.

Commercial Morality: Satisfactory

Bankers:-

The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

China Construction Bank (Asia) Corporation Ltd., Hong Kong.

DBS Bank (Hong Kong) Ltd., Hong Kong.

HBZ Finance Ltd., Hong Kong.

Indian Overseas Bank, Hong Kong Branch.

UCO Bank, Hong Kong Branch.

Union Bank of India, Hong Kong Branch.

Standing: Good.

GENERAL

Conplex International Ltd. initially issued 5 million ordinary shares of HK$1.00 each of which were almost equally owned by Mr. Chander Parkash Batheja and Mr. Vises Chansrichawla. Both of whom are Indian.

Now, the subject’s ordinary shares has increased to 70 million with HK$1.00 each of which 94.2% are held by Chander Parkash Batheja, 5.8% are held by Wla Vises Chansricha.

The subject is a trading firm based in Hong Kong with subsidiary and allied offices in Shenzhen Special Economic Zone (China), Bangkok (Thailand), Mumbai (India), New Delhi (India), Dubai (United Arab Emirates), Miami (the United States). The subject has a strong background with diversified interests especially in Thailand and India.

The subject is trading in bulk commodities like iron ore, steel products, cement, edible grains etc. It is also specialized in sourcing specific commodities from China and other Asian countries. The subject is also very active in trading in electronics items, kitchen appliances and telecommunications products.

Currently, the subject is trading in the following commodities:-

· Audio-visual products, VCD, DVD and CD players in “CPU”, “SKD” and “CKD” form, Speakers, etc.

· Batteries for various types of usage(s).

· Bulk commodities like iron ore (fines and lumps), manganese ore, chrome ore, industrial salt, iron/steel scrap and cement etc. in different grades.

· Cable/satellite TV equipment like set-top boxes, digital satellite receivers, etc.

· Cables for all purposes like communication, power and submarine, etc.

· Consumer durables like microwave ovens, OTGs, TVs, etc. Sourcing of electronic components/kits of various size of TVs.

· Solar products and LED traffic lights.

· Electric kitchen appliances like juicers, mixers, grinders, blenders, toasters, electric kettles, tea/coffee maker, etc.

· Fans (ceiling, table, pedestal and wall) and all type of fans components.

· Miscellaneous and sundry items like toys, rechargeable lights/lanterns, flash lights/torches, shoes/footwear, mink blankets, etc.

· Mobile phones (GSM/CDMA) and related accessories like bluetooth, chargers, hands free, batteries, protective covers and decorative stickers.

· Soya bean meal/rock phosphate, sheet glass, tinted glass and mirror glass.

· Power supplies and UPS.

· Telecommunication products, including basic and high-end telephone sets, wire-less equipment as well as advanced communication equipment for specialised usage.

· Textiles, fabrics and yarns for all types of markets.

· Glass, PVC resin, other raw materials, etc.

Prime markets are Southeast Asia, the Middle East, North America, etc. The subject’s Shenzhen Office has about 10 employees. Business is rather active. Making good profits in some of the past years.

The subject has set up two main divisions, namely, QA & Inspection Services Division and Telecommunications Division. The QA & Inspection Services Division is engaged in the following business scope:-

· Sourcing Consultation

· Factory Evaluation

· Pre-production Inspection

· In-production Inspection

· Product Testing

· Final Random Inspection

· Shipping Supervision

· Other Value-added Services

The Telecommunications Division of the subject was formed in 2000. Since its foundation, the subject has been acknowledged as one of the leading and reputable manufacturer and supplier of complete range of mobile accessories. Business keeps on improving.

Chander Parkash Batheja is also the managing director of Conplex Telecom India Pvt. Ltd.

The subject’s business is chiefly handled by Mr. Nitin Narang who is also an Indian.

As the history of the subject in Hong Kong is over thirteen years, on the whole, consider it good for normal business engagements.

REMARKS

Property information of the company:-

1. Property Location: Unit 1 on 5/F. of Tower B, Hunghom Commercial Centre,
37 Ma Tau Wai Road, Kowloon, Hong Kong.