MIRA INFORM REPORT
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Report No. : |
331580 |
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Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ITOUCH INFOCOM LIMITED |
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Registered Office : |
Unit 1010, Miramar Tower, 132 Nathan Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong
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Date of Incorporation : |
08.08.2013 |
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Com. Reg. No.: |
1949968 |
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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 : |
Not Available |
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 : |
Offshore Company |
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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 – 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.
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Source
: CIA |
Contact Points
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Company Name: |
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Supplied Name: |
I TOUCH INFOCOM LIMITED |
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Supplied Address: |
1010, Nathan Miramar Tower 132 Nathan Road Kowloon |
Note: The exact name is as above.
Special Note
We cannot find subject’s any operation
information or valid contact information in Hong Kong through public files
according to supplied name.
As subject’s registered address (also the
supplied address) is that of corporate secretary (Asia Secretarial Services
Limited), based on subject’s registered files and our investigation, we
consider subject as an offshore company.
We found subject’s registered files from local
registry, supplying as following for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
Unit 1010, Miramar Tower, 132 Nathan Road,
Tsimshatsui, Kowloon, Hong Kong |
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Date of Registration: |
2013-8-8 |
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Registered Number: |
1949968 |
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Business Registration No.: |
61863522 |
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Paid-up Capital: |
HKD 1 (USD 0.129) = 1 Shares @ HKD 1 (As of 2015.7, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-8-8 |
History
Subject was incorporated on 2013-8-8 with the
registered number 1949968 as Private Limited Liability Company in Hong Kong.
Change of Name:
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Date |
Change |
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2014-6-19 |
Itouch Infocom Limited |
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2013-8-8 |
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Transfer of Shares:
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2013-10-2 |
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Transferred From |
No. of Shares Transferred |
Transferred To |
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Company Kit Secretarial Services Limited |
1 |
Gorav Aneja |
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2014-6-11 |
||
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Gorav Aneja |
1 |
Deepak Kumar |
Corporate Structure
Subject did not register any subsidiaries or
branches; from other source we cannot obtain the relevant information, either.
Shareholders
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Subscription Shares |
Proportion of Investment (%) |
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Deepak Kumar |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder Information:
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Name: |
Deepak Kumar |
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Address: |
House No. 1044 Hig Duplex Sector 9,
Vasundara, Ghaziabad, PIN 201012, Uttar Pradesh, India |
Former Shareholders
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1 |
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Name: |
Company Kit Secretarial Services Limited |
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Address: |
Unit A, 3/F., Cheong Sun Tower, 116-118 Wing
Lok Street, Sheung Wan, Hong Kong |
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2 |
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Name: |
Gorav Aneja |
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Address: |
183 IIND R.M., Rajendra NAGAR, GHAZIABAD
U.P.,INDIA |
Management Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Deepak Kumar |
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Address: |
House No. 1044 Hig Duplex Sector 9,
Vasundara, Ghaziabad, PIN 201012, Uttar Pradesh, India |
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Position: |
Director |
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Passport Number: |
L5000962 |
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Issuing Country: |
Republic of India |
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2 |
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Name: |
Asia Secretarial Services Limited |
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Address: |
Unit 1010, Miramar Tower, 132 Nathan Road,
Tsimshatsui, Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1401131 |
Operation Information
Offices & Factories
Subject does not have business entity in Hong
Kong.
Financial Information
The subject has no
obligation to supply its financial statement to the third party according to
the relevant policy in Hong Kong and the only source from which we can obtain
the information is the subject itself.
Subject does not have business entity in Hong
Kong, thus we cannot obtain the relevant information.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.63.49 |
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|
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.