|
Report Date : |
21.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
HONGKONG KLEADTONE TECHNOLOGY CO.
LTD. |
|
|
|
|
Registered Office : |
c/o Lianbang Int’l Business (HK) Ltd. Unit 04, 7/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
27.12.2013 |
|
|
|
|
Com. Reg. No.: |
62551548 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No of Employees : |
No Employees in NOTE: It is to be noted that the
company does not have its own operating office in |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
HONGKONG KLEADTONE TECHNOLOGY CO.
LTD.
Registered Office:-
c/o Lianbang Int’l Business (HK) Ltd.
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong.
China Associated Company:-
Shenzhen K-Phone Technology Ltd.
22S, First World Plaza, 7002 Hongli West Road, Futian District, Shenzhen
Special Economic Zone, China.
Associated
Companies:-
K-Phone Technology Ltd., Hong Kong.
Shenzhen Leaguer Telecom Co. Ltd., China.
62551548
2017951
27th December, 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 27-12-2013)
|
Name |
|
No. of shares |
|
WANG Zhi Yong |
|
6,000 |
|
CAI La Mei |
|
4,000 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
(As per registry dated 27-12-2013)
|
Name (Nationality) |
Address |
|
WANG Zhi Yong |
201, Chengshuma Building, Garden, No. 1079, Nanhai Boulevard, Nanshan
District, Shenzhen, China. |
(As per registry dated 27-12-2013)
|
Name |
Address |
Co. No. |
|
Lianbang Int’l Business (HK) Ltd. |
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong. |
1247280 |
Having issued 10,000 ordinary shares of HK$1.00 each, Hongkong Kleadtone
Technology Co. Ltd. is jointly owned by Ms. Cai La Mei, holding 40% interests; and
Mr. Wang Zhi Yong, holding 60%. Both are
China merchants. The latter is a China
ID holder and the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit 04, 7/F., Bright Way Tower, 33 Mong Kok
Road, Kowloon, Hong Kong” known as “Lianbang Int’l Business (HK) Ltd.” which is
handling its correspondences and documents.
This company is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. It is a mobile phone and software
trader. It has an associated company in
Shenzhen Special Economic Zone, China known as Shenzhen K-Phone Technology Ltd.
[Shenzhen K‑Phone].
In Hong Kong, the subject has an associated company K-Phone Technology
Ltd. [HK K-Phone] which is a Hong Kong-registered company. Having issued 1 million ordinary shares of
HK$1.00 each, HK K-Phone is jointly owned by Mr. Yang Bai Huan, holding 59%
interests; Mr. Yang Hai Qing, holding 20%; and Mr. Wang Zhi Yong, 21%. All are China merchants and directors of HK
K-Phone.
Currently, Shenzhen K-Phone has set up a joint venture known as Shenzhen
Leaguer Telecom Co. Ltd. [Leaguer] with Qinghua Lihe Hi-Tech Co. Ltd. and
Zhuhai Qinghua Technology Park Chuangye Investment Co. Ltd. The partners are also China-based firm. Incorporated in May 2008, Leaguer is engaged
in manufacturing hand set TVs, mobile phones, other telecommunication
terminals, etc. With a registered
capital of RMB20 million Yuan, Leaguer now has over 100 engineers and
professionals engaged in products designing, manufacturing and marketing, as
well as mobile phone software development.
Leaguer has set up offices in Beijing and Shanghai. Products are marketed and exported to Europe,
North and South America, Southeast Asia, etc. by the subject and the other
shareholders.
Currently, the industrial output of Shenzhen K-Phone amounted to
RMB180 to 200 million Yuan.
Nokia is one of its customers.
In the years ahead, Shenzhen K-Phone will keep on developing 3G and 4G
mobile phones. It also provides
customers with PDAPhone, Smartphone terminals.
The subject is fully supported by Shenzhen K-Phone. History in Hong Kong is just over seven
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.60.67 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.