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Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
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Name : |
CHINA SKYLINE TELECOM CO. LTD. |
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Formerly Known As : |
I-SMS INFORMATION LTD |
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Registered Office : |
c/o Hongkong Jiahongte Registration Center Ltd. Room A, 20/F., Kiu Fu |
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Country : |
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Date of Incorporation : |
20.07.2011 |
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Com. Reg. No.: |
58721397 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 |
CHINA SKYLINE
TELECOM CO. LTD.
c/o Hongkong Jiahongte
Registration Center Ltd.
Room A, 20/F., Kiu Fu Commercial Building,
300 Lockhart Road,
Wanchai, Hong Kong.
(Your enquiry given as:-
CHINA SKYLINE TELECOM CO LTD BRANCH OF SKYLINE COMMUNICATIONS
with former located at:
c/o Hong Kong Accounting & Secretarial Co.
Room 801, 8/F., Join-In Hang Sing Centre,
16 Kwai Fung
Crescent, New Territories, Hong Kong.)
CHINA SKYLINE
TELECOM CO. LTD.
Registered
Office:-
c/o Hongkong Jiahongte
Registration Center Ltd.
Room A, 20/F., Kiu Fu Commercial Building, 300
Lockhart Road, Wanchai, Hong Kong.
[Tel: 852-3115 8535; Fax:
852-2521 1478]
Associated
Company:-
Skyline International Communication Co. Ltd., China.
Shenzhen Skyline Technology Co. Ltd.
Room 301B, Electromechanical Building, Hongling
North and Taoyuan Road Acrossing,
Luohu District, Shenzhen SEZ, China.
[Tel: 86-755-82435955
Fax: 86-755-82415072
Mobile: 13424331746]
58721397
1637134
20th July, 2011.
HK$100.00
(As per registry dated 20-07-2014)
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Name |
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No. of shares |
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WANG Xiao Yu |
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100 === |
(As per registry dated 20-07-2014)
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Name (Nationality) |
Address |
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WANG Xiao Yu |
Group 3, Six Committee, Xiangyang Street, Longshan District, Liaoyuan
City, Jilin Province, China. |
(As per registry dated 20-07-2014)
|
Name |
Address |
Co. No. |
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Hongkong Jiahongte
Registration Center Ltd. |
Room A, 20/F., Kiu Fu Commercial Building,
300 Lockhart Road, Wanchai, Hong Kong. |
1951323 |
The subject was incorporated on 20th July, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of I-SMS
Information Ltd., name changed to the present style on 17th October, 2013.
Formerly the subject’s registered address was located at Room 801,
Join-In Hang Sing Centre, 16 Kwai Fung
Crescent, New Territories, Hong Kong where was the operating office of a
commercial service provider. It moved to
the present address in July 2014 as it has changed its commercial service
provider since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
China Skyline Telecom Co., Ltd. was incorporated on 20th
July, 2011 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 Room A, 20/F., Kiu Fu Commercial
Building, 300 Lockhart Road, Wanchai, Hong Kong known
as Hongkong Jiahongte
Registration Center 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.
According to the Companies Registry of Hong Kong, the subject has issued
100 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Wang Xiao Yu
who is a China merchant. He is a China
ID holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject has had an associated company in Shenzhen Special Economic
Zone, China known as Shenzhen Skyline Technology Co. Ltd. [Shenzhen
Skyline]. Your given phone number
86-755-8243 5955 belongs to this company.
Shenzhen Skyline is manufacturing and marketing the following products:-
SK-32/32-128 gateway;
SK-16/16-64 gateway;
GSM VoIP gateway;
GSM modem;
VoIP Phone;
Telephone Recorder;
Cross-network Gateway; &
GoIP1/4/8/16.
Shenzhen Skyline is a high-tech enterprise integrated with scientific
research, development, production and sales.
It has been engaged in the research, development and production of
communication products since its establishment.
It focuses on the sales solutions and own products, and would undertake
all types of hardware development projects.
Shenzhen Skyline’s core products involve various types of broadband IP
telephone terminals, broadband IP telephone gateways, communication protocols
lamp, enterprise-level soft-switch and billing system. Its products are marketed in China, exported
to the other Asian countries, Europe, North America, etc.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over three years
and three 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
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Indian Rupees |
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US Dollar |
1 |
Rs.61.46 |
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UK Pound |
1 |
Rs.98.21 |
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Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SHG |
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.