|
Report No. : |
303260 |
|
Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
COLMEI TECHNOLOGY
INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
c/o T W P Consultants Ltd. 2/F., Wing Yee Commercial Building, 5 Wing Kut Street,
Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.09.2010 |
|
|
|
|
Com. Reg. No.: |
52912885 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader of mobile phone such as Caller ID Telephones, Basic Telephones, Answer Machines & Record SD Card Phones |
|
|
|
|
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.) |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
COLMEI TECHNOLOGY INTERNATIONAL LTD.
Registered
Office:-
c/o T W P Consultants Ltd.
2/F., Wing Yee Commercial Building, 5 Wing Kut Street, Central, Hong Kong.
Associated
Companies:-
Shenzhen Crave Communication Co. Ltd., China.
Shenzhen Crave Communication Technology Development Co. Ltd., China.
Shenzhen Kewang Communication Co. Ltd., China.
Shenzhen Weicol Shidai Technology Co. Ltd., China.
52912885
1501549
6th September, 2010.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital HK$1.00
(As per registry
dated 06-09-2013)
|
Name |
|
No.
of share |
|
FANG Xilin |
|
1 = |
(As per registry
dated 06-09-2013)
|
Name (Nationality) |
Address |
|
FANG Xilin |
67 House, Green Crest, San Tam
Road, Nagu Tam Mei, Yuen Long, New Territories, Hong Kong. |
(As per registry
dated 06-09-2013)
|
Name |
Address |
Co.
No. |
|
T W P Consultants Ltd. |
2/F., Wing Yee Commercial Building, 5 Wing Kut Street,
Central, Hong Kong. |
1421957 |
Colmei Technology International Ltd. was incorporated on 6th September, 2010 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 “2/F., Wing Yee Commercial Building, 5 Wing Kut Street, Central, Hong Kong” known as “T W P Consultants Ltd.” which is handling its correspondences and documents. T W P Consultants Ltd. 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 just one ordinary share of HK$1.00 which is wholly-owned by Mr. Fang Xilin 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. However, sometimes Fang Xilin resides in Hong Kong.
The subject is a mobile phone trader. It has registered with the Office of the Communications Authority (OFCA), The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of RU00161923-RU.
To our knowledge, the subject has had a number of associated companies in Shenzhen Special Economic Zone, China. The significant one is Shenzhen Kewang Communication Co. Ltd. [Kewang], a China-based company.
Found in 1996, Shenzhen Kewang is engaged in telephone researching, production and sale. It has got ISO90001 certification. Its CRAVE brand phone sets take the lead in telephone industry, being the module of changing of telephone sets from traditional styles to multi-functional ones. Kewang is located in Shenzhen Special Economic Zone, China, covering an area of 30,000 square meters, and has 16 manufacturing lines, plenty of instruments, independent researching and developing centre, injection mould factory, serigraphy factory, and a raw material company.
Kewang is able to manufacture 9 million sets per year. Our products, including Caller ID Telephones, Basic telephones, Answer machines, and Record SD card phones, enjoy a good reputation in domestic and international markets.
Its products, about 40 to 50%, are exported to India, other Asian countries, Europe, North and South America, the Middle East, etc. The legal representative of Kewang is also Fang Xilin. The contact person is Ms. Daisy Zhang who is a Chinese.
The subject is engaged in marketing and exporting Kewang’s products in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over three 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.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.