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Report No. : |
331884 |
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Report Date : |
15.07.2015 |
IDENTIFICATION DETAILS
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Name : |
WINDOWS POWER TECHNOLOGY CO. LTD. |
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Registered Office : |
C/o Bsida International Business (HK) Ltd. Room 1502 (87), 15/F., Easy Commercial Building, 253-261 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.06.2008 |
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Com. Reg. No.: |
39467085 |
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Legal Form : |
Private Limited Company. |
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LINE OF BUSINESS : |
IMPORTER AND EXPORTER OF MOBILE PHONES, IPHONE PARTS, ACCESSORIES,
ELECTRONIC PRODUCTS. |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
WINDOWS
POWER TECHNOLOGY CO. LTD.
ADDRESS: Shop No. 23, 1/F., Chung King Mansion,
36-44 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 852-6776 7879
FAX: 852-3489 9402
Managing Director: Ms. Zou Di, Judy
Incorporated on: 20th
June, 2008.
Organization: Private
Limited Company.
Issued Share Capital: HK$10,000.00
Business Category: Importer and Exporter.
Employees:
2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
WINDOWS
POWER TECHNOLOGY CO. LTD.
ADDRESS:
Registered
Office:-
c/o Bsida International Business (HK) Ltd.
Room 1502 (87), 15/F., Easy Commercial
Building, 253-261 Hennessy Road, Wanchai, Hong Kong.
Operating
Office:-
Shop No. 23, 1/F., Chung King Mansion, 36-44
Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
Shenzhen
Office:-
32N, Block B, Modern Windows Building,
Huaqiang North Road, Futian District, 518028 Shenzhen Special Economic Zone,
China.
[Tel: 86-755-6168 3379; Fax: 86-755-6168 3393]
39467085
1249286
Managing Director: Ms. Zou Di, Judy
Contact Person: Mr. Yasir
HK$10,000.00
(As per registry dated 20-06-2015)
|
Name |
|
No.
of shares |
|
Raja Babu SHAH |
|
6,000 |
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ZOU Di |
|
4,000 |
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–––––– |
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Total: |
10,000 ===== |
(As
per registry dated 20-06-2015)
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Name (Nationality) |
Address |
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Raja Babu SHAH |
23P, Block B, Modern Windows Building,
Huaqiangbei, Futian District, Shenzhen, China. |
|
ZOU Di |
23P, Block B, Modern Windows Building,
Huaqiangbei, Futian District, Shenzhen, China. |
(As per registry dated 20-06-2015)
|
Name |
Address |
Co.
No. |
|
Bsida International Business (HK) Ltd. |
Room 1502 (87), 15/F., Easey Commercial
Building, 253‑261 Hennessy Road, Wanchai, Hong Kong. |
1722701 |
The subject was incorporated on 20th June, 2008
as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address
was located at Flat 7C-05, 7/F., Block C, Ka Ming Court, 688-690 Castle Peak
Road, Cheung Sha Wan, Kowloon, Hong Kong, moved to Room 609A, 6/F., Fook Cheong
Building, 63 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong in November,
2009. The subject’s registered address
moved to Unit 704, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong
in July 2012 and further to the present address in April 2015.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Activities: Importer
and Exporter.
Lines: Mobile
phones, iphone parts, accessories, electronic products.
Employees: 2.
Commodities Imported: China, Europe, etc.
Markets: Hong
Kong, Nepal, India, other Asian countries, etc.
Terms/Sales:
As per contracted.
Terms/Buying: L/C,
T/T, etc.
Issued Share Capital: HK$10,000.00
Profit or Loss: Made small profits in past four years.
Condition: Business
is normal.
Facilities: Making
use of general banking facilities.
Payment:
Met trade
commitments as contracted.
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, Windows Power Technology Co. Ltd. is jointly owned by Mr. Raja
Babu Shah, holding 60% interests; and Ms. Judy Zou Di, holding 40%. Shah is a Nepal passport holder while Zou Di
is a China businesswoman holding a China passport. They are also directors of the subject and
currently residing in Shenzhen Special Economic Zone, China.
The subject’s registered office is in a
commercial service firm located at Room 1502 (87), 15/F., Easy Commercial
Building, 253-261 Hennessy Road, Wanchai, Hong Kong known as Bsida
International Business (HK) Ltd. which is handling its correspondences and
documents. This firm is also the new
corporate secretary of the subject.
The subject has had a retailing shop located
at Shop No. 23, 1/F., Chung King Mansion, 36-44 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong. The contact person
is Mr. Yasir who can be reached at his Hong Kong mobile phone number 852-6776
7879.
The subject has 2 employees in Hong Kong.
The subject is a global trading company
trading in mobile phones, iphone parts and accessories.
The subject’s main office is in Shenzhen
Special Economic Zone, China. The contact
person Mr. Raja Babu Shah can be reached at his mobile phone number 86-132 6712
7642. The subject also has had an office
in India.
The subject is exporting OEM/Chinese mobile
phones from China to India, Hong Kong and the other foreign countries.
In particular, the subject is specialized in
the following products: Micro SD/Mini SD/DV‑RS MMC Mobile Card/M2
stick/Pro Duo stick/Compact Flash Card and USB Flash Drive products for data
storage in Mobile Phones, Digital Cameras, Products for iPhone parts, PSPs and
Computers, etc.
The subject’s main office bearing the same
name as the subject, in Shenzhen Special Economic Zone, China, is managed by
the two shareholders of the subject.
According to the subject, it is regularly
buying mobile phones, memory cards, and USB flash drives. It is regularly selling mobile phones,
Chinese mobile phones, memory cards, flash cards, USB flash drives, MP3 player,
MP4 player, bluetooth headsets, card readers, etc. Products are chiefly exported to North
America, Europe, Australia, the Middle East, Japan, etc.
The subject has got the following associated
companies/business partners:-
Kline Exports, India.
Pan6 Enterprise, India.
RK Exports Co. Ltd., Republic of Mauritius.
The subject’s Shenzhen office is using the
subject’s Hong Kong registered address to correspond with foreign parties. It is managed by Ms. Judy Zou. She can be reached at her China mobile phone
number 86-1359 0205 521.
The subject’s business in Hong Kong is
Normal. History in Hong Kong is over
seven years.
On the whole, consider it good for normal
business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
|
|
1 |
Rs.98.20 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.