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Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
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Name : |
QUICKCOM
GLOBAL COMMUNICATIONS LTD. |
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Registered Office : |
c/o HK Enterprise Registrationa Service Center Co. Ltd. Room 1101, 11/F., San Toi Building, 139 Connaught Road
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.10.2008 |
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Com. Reg. No.: |
39923291 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
· Provider of telecommunication service · engaged in introducing worldwide innovative voice and advanced real time communication services over the public internet. · subject markets and exports a kind of mobile phone bears the name of USB Phone K-1000. |
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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
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
No Operating Office in Hong Kong |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Hong Kong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
QUICKCOM GLOBAL COMMUNICATIONS LTD.
Registered
Office:-
c/o HK Enterprise Registrationa Service Center Co. Ltd.
Room 1101, 11/F., San Toi Building, 139 Connaught Road Central, Hong Kong.
China Subsidiary:-
Quickcom Global Technology Service (Dalian) Co. Ltd.
Room 302, No. 17 Building, Software Park, 267 Wuyi Road, Shahekou District, Dalian City, Liaoning Province, China.
[Tel: 86-411-3970 7285
E-mail: swai@quickcomglobal.com ]
39923291
1281826
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
23-10-2013)
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Name |
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No. of shares |
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PAN Yong |
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5,100 |
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ZHANG Xu |
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4,900 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 23-10-2013)
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Name (Nationality) |
Address |
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PAN Yong |
Ba Zu, Nan Yi Ju Wei, Gu Cheng Street Committees, Xingcheng City, Liaoning Province, China. |
(As per registry
dated 23-10-2013)
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Name |
Address |
Co.
No. |
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Reabom International Commerce Ltd. |
Room 1101, 11/F., San Toi Building, 139 Connaught Road Central, Hong Kong. |
1506973 |
The subject was incorporated on 23rd October, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Unit A, 5/F., Max Share Centre, 373 King’s Road, North Point, Hong Kong where is the operating office of an accountant firm Tom Chan & Co. Its registered address changed to the present one in October 2010 as the subject has changed its commercial service provider since then.
Apart from these, neither material change nor amendment has been ever traced and noted.
Having issued 10,000 ordinary shares of HK$1.00 each, Quickcom Global Communications Ltd. is jointly owned by Pan Yong, holding 51% interests; and Zhang Xu, holding 49%. Pan is the only director of the subject. He is a China ID holder and does not have the right to reside in Hong Kong permanently. Currently, he is residing in Xingcheng City, Liaoning Province, China. The other shareholder Zhang Xu is also a China merchant residing in Xingcheng City, Liaoning Province, China.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 1101, 11/F., San Toi Building, 139 Connaught Road Central, Hong Kong known as HK Enterprise Registrationa Service Center Co. Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. It is a telecommunication service provider.
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 an “External Telecommunications Services [ETS] Operator”. Its licence No. is 1448.
The subject is engaged in introducing worldwide innovative voice and advanced real time communication services over the public internet. It was established in 2006 in China. It has more than 745 vendors and 706 clients all over the world. Quickcom is a large voice wholesaler in China.
Now, it has more than 180 suppliers. Today its services enable its customers to meet the rigorous demands of end users, opening the door to the efficiencies of converged voice and data network.
The subject is an international wholesale carrier with points of interconnection in Hong Kong and China. It is expanding its network globally. By maintaining a high level if professionalism and flexibility, the subject has acquired its leading industry position, earning a reputation for responsiveness and reliability.
The subject is
providing clients with the following products and services:-
· VoIP (Voice over Internet Protocol) Categories — Hardware, Hosted VoIP billing service provider, SIP Billing, VoIP Billing Software Provider, VoIP consulting, VoIP Termination ISP;
· VoIP Services — Billing Software, Call Routing VoIP Solutions, H.323 Softswitch and CPE, H.323 VoIP Gateway, Installation and Support Services, SIP Softswitch and CPE, SIP VoIP Gateway;
· VoIP Equipments — Cisco Systems, Huawei VoIP Products, Network Equipment Technologies Inc., the United States (net.com); &
· VoIP Billing Software Description — Billing system of own development, Java Based own system.
The subject markets and exports a kind of mobile phone bears the name of USB Phone K-1000.
The following
companies are its customers:
ADGLDI, Afinna One, Acestar, avelacom, abbqel, Alrus allianz Infonet, Asia Telecom, NET, aMund, all Hi, acmetel access, brilliant telecom, BTS, bolotel, Breezecom, bics, Blue, BEOX, Blossom Connect, Budget telecom, Bhaoo, conveyance, convergia, Condor Telecom Ltd., commune, Citycom, CITIC Telecominternational, China Telecom, C&T, cabuya, cinqtech, Crossborder Telecom, Cheers, Combridge, etc.
The subject has had a subsidiary company in Dalian City, Liaoning Province, China known as Quickcom Global Technology Service (Dalian) Co. Ltd. [QGTS]. QGTS is an international telecommunication service provider. According to QGTS, it is providing those clients in Asia, Europe, North America, Australia, Africa, the Middle East and China with telecommunication services.
Covering an area of 2,500 sq.m., QGTS is in Software Park of Dalian High‑New-Technology Park, Dalian City, Liaoning Province, China. Currently, it has over 170 employees.
QGTS has been cooperating with 1,100 overseas telecommunication companies. Its business expanded substantially in 2013.
QGTS seems to be the main office of the subject. Most of the time, the subject’s shareholders are in Liaoning Province, China administrating the business of QGTS. It is likely that QGTS 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 legal representative of QGTS is also Pan Yong.
The subject’s business in Hong Kong is not very active. History in Hong Kong is over five 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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1 |
Rs.102.22 |
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Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.