MIRA INFORM REPORT
|
Report No. : |
331582 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEAM TECH DEVELOP LIMITED |
|
|
|
|
Registered Office : |
Unit 31, 2F, Mirador Mansion, 58 Nathan Rd., Tsim Sha Tsui, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
23.06.2008 |
|
|
|
|
Com. Reg. No.: |
1249881 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Undetermined |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
-- |
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) |
|
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 12.5% 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 |
Contact Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
TEAM TECH DEVELOP LIMITED |
|
Supplied Name: |
TEAM TECH DEVELOP LIMITED |
|
Supplied Address: |
20/F CHAMPION BUILDING 197-200 DES VOEUX ROAD SHEUNGWAN |
Note: The exact name is
as above.
Special Note
We cannot obtain any operation or valid
contact information of the subject from public files according to the supplied
name or address.
We tried to contact the subject through the
supplied telephone number +852-2830-5785, and a lady answered the phone said
she did not know the subject and did not locate at the supplied address. She
introduced that her company name is Hysan, and said we dialed the wrong number.
According to the supplied address, we found a telephone
number +852-2541-4224 from public files. We dialed the number and a lady
answered the phone said her company name is Akin Professionals Ltd., which is
engaged in providing of registration and accounting services. She confirmed the
supplied address belongs to her company, but declined to disclose any
information about the subject.
According to the supplied name we found a
telephone number +852-2765-7048 from public files, we tried to contact the
number several times but no one answered it. We also found another telephone
number +86-755-2532-1486 which belongs to the Mainland of China from public
files, and a lady answered the phone said her company name is the same with the
supplied name, but they does not have any company in Hong Kong.
Up to the date of reporting, we failed to get
in touch with subject. If you can supply further information such as current
telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 31, 2F,
Mirador Mansion, 58 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong |
|
Date of Registration: |
2008-6-23 |
|
Registered Number: |
1249881 |
|
Business Registration No.: |
51490404 |
|
Paid-up Capital: |
HKD 1,000,000 (USD 129,000) = 1,000,000
Shares@ HKD 1 (As of 2015.07, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-6-23 |
Notes: Since we didn’t find subject, the
principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2008-6-23 with the
registered number 1249881 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Bansil Akash |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder Information:
|
Name: |
Bansil Akash |
|
Address: |
K-1/11 Model Town Delhi-11009, India |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Bansil Akash |
|
Address: |
K-1/11 Model Town Delhi-11009, India |
|
Position: |
Director |
|
ID Number: |
M 450676(1) |
|
2 |
|
|
Name: |
Prime Star (HK) Limited |
|
Address: |
Unit 31, 2F, Mirador Mansion, 58 Nathan Rd.,
Tsim Sha Tsui, Hong Kong |
|
Position: |
Corporate Secretary |
|
Reg. Number: |
1262327 |
Operation Information
Offices & Factories
We cannot confirm subject current trading
address at this stage.
Operation Information
From public files, we cannot obtain any
operation information of the subject. Since we did not get in touch with the
subject, the information is not available from any other source.
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.
Since we didn't get in touch with subject, the
relevant information is not available from any sources
Bankers
Since we didn't get in touch with subject, the
bank information is not available from any sources.
Public
Mortgage Record
No mortgage record of the subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.