|
Report No. : |
303260 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
COLMEI TECHNOLOGY INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
C/o TWP 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 : |
The Subject is a Mobile Phone Trader. |
|
|
|
|
No. of Employee : |
No Employee 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
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
COLMEI TECHNOLOGY
INTERNATIONAL LTD.
Registered
Office:-
C/o TWP Consultants Ltd.
2/F., Wing Yee Commercial Building, 5 Wing Kut Street, Central, Hong
Kong.
Associated
Companies:-
Kewang Communication (Hong Kong) Co. Ltd., Hong Kong.
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.
HK$1.00
(As per registry dated 06-09-2014)
|
Name |
|
No. of share |
|
FANG Xilin |
|
1 = |
(As per registry dated 06-09-2014)
|
Name (Nationality) |
Address |
|
FANG Xilin |
House 67, Green Crest, San Tam Road, Nagu Tam Mei, Yuen Long, New
Territories, Hong Kong. |
(As per registry dated 06-09-2014)
|
Name |
Address |
Co. No. |
|
TWP Consultants Ltd. |
2/F., Wing Yee Commercial Building, 5 Wing Kut Street, Central, Hong
Kong. |
1421957 |
MORTGAGE OR CHARGE:-
Date: 24-11-2014
Description of Instrument: Deed
of Fixed Charge
Mortgagee: DBS Bank
(Hong Kong) Ltd., Hong Kong.
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 TWP Consultants Ltd. [TWP] which is
handling its correspondences and documents.
TWP is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. Your given phone and fax number 852-2542 1680
and 852-2543 7898 belongs TWP.
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
ISO9001:2008 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. Its products, including Caller ID Telephones,
Basic telephones, Answer machines, and Record SD card phones, smart phones, and
accessories, enjoy a good reputation in domestic and international markets.
Kewang has got the certificate of ‘Approved Software Enterprise’. Its CRAVE
products have been named significant brand in Shenzhen Special Economic Zone,
China.
Its products, about 40 to 50%, are exported to India, Japan, the 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 four years
and four 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.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.