|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AI-LOGIX (ASIA)
LTD. |
|
|
|
|
Registered Office : |
c/o SBC Corporate Services Ltd. Unit 2208-9, 22/F., Wu Chung House, 213 Queen’s Road East, Wanchai |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
12.11.2008 |
|
|
|
|
Com. Reg. No.: |
39994989 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
·
Engaged in designing and developing
voice and Data Hardware Integration Cards for the Call Recording and Voice as
well as Data Logging Industries. ·
Subject also manufactures the
Finest CT Integration, Call Centre Recording and Call Centre Monitoring
Products. |
|
|
|
|
No of Employees : |
no employees in Hong Kong. (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.) |
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 |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
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 |
AI-LOGIX (ASIA)
LTD.
Registered
Office:-
c/o SBC Corporate Services Ltd.
Unit 2208-9, 22/F., Wu Chung House, 213 Queen’s Road East, Wanchai, Hong Kong.
Associated
Companies:-
Ai-Logix (Asia) Ltd. Shanghai, China.
Ai-Logix Communications BV, the Netherlands.
Ai-Logix Inc., US.
39994989
1286659
12th November, 2008.
HK$10,000.00
(As per registry
dated 12-11-2014)
|
Name |
|
No.
of shares |
|
LI Tong |
|
10,000 ===== |
(As per registry
dated 12-11-2014)
|
Name (Nationality) |
Address |
|
LI Tong |
No. 407, 21/F., Agricultural
Academy, 12 South Street, Zhongguan Village, Haidian District, Beijing,
China. |
(As per registry
dated 12-11-2014)
|
Name |
Address |
Co.
No. |
|
SBC Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong
Road, Kowloon Bay, Kowloon, Hong Kong. |
0618863 |
Ai-Logix (Asia) Ltd. was incorporated on 12th November, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit 2208-9, 22/F., Wu Chung House, 213 Queen’s Road East, Wanchai, Hong Kong known as SBC Corporate Services Ltd. [SBC] which is handling its correspondences and documents. This secretarial company is also the corporate secretary of the subject. SBC has more than one offices in Hong Kong.
The subject has no employees in Hong Kong.
Your given address located at Flat G, 19/F., Block 3, Coastal Skyline, Tung Chung, Water Front Road, Hong Kong is in a residential building which we have no information.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Li Tong who is a China merchant. He is a China passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The
subject’s main office is in Shanghai, China.
Its associated company in the United States is Ai-Logix, Inc. The subject and Ai-Logix, Inc. are engaged in
the same lines of business.
Ai-Logix, Inc. designs and develops voice and data hardware integration cards for the call recording and voice and data logging industries. It also manufactures the finest CT integration, call centre recording and call centre monitoring products. Its hardware and software products are used by developers worldwide to provide communication solutions for public safety recording, service observation, IVR, unified messaging, and intelligent dialling.
Ai-Logix’s products include Private Branch Exchange (PBX) integration products such as Passive PBX Tap Card and Digital Station Tap Card; Trunk Interface Products to record, play, store, and manipulate speech and data; analogy line interface cards for analogy call recording and line supervision to answer inbound or generate outbound calls; SmartDSP VR, for data processing; and interactive computer telephony integration (CTI) cards. It has alliances with Advantech Network Computing Group, Adtech Solutions, VoiceGate Corporation, enGenic, Accurate Always, Cacti, Multisuns, PCS do Brasil Ltda, Verint Systems Inc., Envision Telephony, Inc., and e-talk Corporation.
Ai-Logix was formerly known as Music Telecom Inc. and changed its name to Ai-Logix, Inc. in September 2002. The company was founded in 1991 and is headquartered in Somerset, New Jersey. It has additional offices in Geerweg, The Netherlands and Shanghai, China. Ai-Logix, Inc. is a subsidiary of AudioCodes, Inc. of the United States. The business of the Shanghai company is handled by Mr. Li Tong.
All the products of Ai-Logix bear the trade mark Ai-Logix.
The followings are the channel partners of Ai-Logix:-
· Integrated Communications Group Ltd., Hong Kong.
· Tecnomic Processors Pte Ltd., Singapore & India.
· Interworld Electronics & Computer Industries Pty Ltd., Australia & New Zealand.
· Sunshine Telesoft (P) Ltd., India.
· TLC Technology, Japan.
· BrightTech Co. Ltd., South Korea.
· Buy-CTI Co. Ltd., China.
The subject has been banking with The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is about six 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.
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.61.93 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.