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Report No. : |
303646 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
INTELLIGENT TECHNOLOGY TRADERS LTD. |
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Registered Office : |
Flat F, 26/F., Sung Fung Court, 1-5 Fook Yum Road, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.05.2013 |
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Com. Reg. No.: |
61443081 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF ANALOGUE CCTV, IP CCTV, TIME
ATTENDANCE, ACCESS CONTROL, VCLS SYSTEM, VIDEO DOOR PHONE, MOBILE PHONES |
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No. of Employee : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow But Correct |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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.
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Source
: CIA |
INTELLIGENT TECHNOLOGY
TRADERS LTD.
ADDRESS: Flat F, 26/F., Sung Fung Court, 1-5 Fook Yum
Road, North Point, Hong Kong.
PHONE: Not available
E-MAIL: ank@intelligent.hk
Managing Director: Mr. Li Guiying
Incorporated on: 15th
May, 2013.
Organization: Private
Limited Company.
Issued Share Capital: HK$10,000.00
Business Category: Importer and Exporter.
Employee:
1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong.
Banking Relation: Satisfactory.
INTELLIGENT TECHNOLOGY
TRADERS LTD.
Registered Head Office:-
Flat F, 26/F., Sung Fung Court, 1-5 Fook Yum
Road, North Point, Hong Kong.
Associated Company:-
Mega Regent International Ltd., China.
Mega Regent International Ltd., Hong Kong.
61443081
1908099
Managing Director: Mr. Li Guiying
HK$10,000.00
(As per registry dated 15-05-2014)
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Name |
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No. of shares |
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LI Guiying |
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10,000 ===== |
(As per registry dated 15-05-2014)
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Name (Nationality) |
Address |
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LI Guiying |
Unit 13B, B Block, Cheng Zhong Ya Yuan,
Fuhua 3rd Road, Futian District, Shenzhen 518048, China. |
(As per registry dated 15-05-2014)
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Name |
Address |
Co. No. |
|
Multi-Chain Ltd. |
Room 301, 3/F., Kam On Building, 176A
Queen’s Road Central, Hong Kong. |
0209214 |
The subject was incorporated on 15th May, 2013 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Activities: Importer
and Exporter.
Lines: Analogue
CCTV, IP CCTV, Time Attendance, Access Control, VCLS System, Video Door Phone,
Mobile phones, etc.
Employee: 1.
Commodities Imported: China, other Asian countries, etc.
Markets: Japan,
India, other Asian countries, Europe, North America, etc.
Terms/Sales:
L/C,
T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc.
Issued Share Capital: HK$10,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met
trade commitments as required.
Commercial Morality: Satisfactory.
Banker:
The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Having issued 10,000 ordinary shares of HK$1.00 each, International
Technology Traders Ltd. is wholly owned by Mr. Li Guiying 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 registered address is in a private building located at
Flat F, 26/F., Sung Fung Court, 1-5 Fook Yum Road, North Point, Hong Kong. The residential building is not
trespassed by outsiders. The subject has
a representative in Hong Kong.
It is trading in the following products:-
Its Surveillance & Security Products includes Analogue CCTV, IP
CCTV, Time Attendance, Access Control, VCLS System, Video Door Phone, etc.
It has had an associated company in China known as Mega Regent
International Ltd. [Mega Regent]. It
bears the trade mark Secureye.
The trade mark Secureye
has registered with the Trade Marks Registry, Intellectual Property Department,
the Government of the Hong Kong SAR. The
filing date was 21st April, 2010 while the expiry date is 20th April, 2020.
Your given China phone and fax number 86-755-6665 8500 belongs to the
R&D Centre of the subject which is in Shenzhen Special Economic Zone,
China.
Mega Regent is also located at the same address of R&D Centre of the
subject in Shenzhen SEZ.
The subject trades in the products of Secureye. It also trades in
the products bear the trade mark of Enter
and Zoook.
An India company known as Fortune Marketing Pvt Ltd. is responsible for
marketing the subject’s products in India.
The history of the subject in Hong Kong is just over a year and eight
months.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
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|
1 |
Rs.93.32 |
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Euro |
1 |
Rs.71.48 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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.