MIRA INFORM REPORT

Report No. :	344364
Report Date :	16.10.2015

IDENTIFICATION DETAILS

Name :	CONPLEX INTERNATIONAL LTD.

Registered Office :	Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	30.03.2001

Com. Reg. No.:	31862051

Legal Form :	Private Limited Company.

Line of Business :	Importer, Exporter and Wholesaler of Electronic products, electric appliances, computer peripherals, telecommunication products, consumer electronics, mobile phones.

No. of Employee :	10. (Hong Kong)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No complaints

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)

Hong Kong

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

Company name and address

CONPLEX INTERNATIONAL LTD.

ADDRESS: Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.

PHONE: 852-2368 8108 (5 lines), 3902 2022

FAX: 852-2368 6788, 3902 2088

E-MAIL: info@conplexinternational.com

ab@conplexinternational.com

gunjan@conplexinternational.com

sc@conplexinternational.com

MANAGEMENT

Managing Director: Mr. Chander Parkash Batheja

SUMMARY

Incorporated on: 30th March, 2001.

Organization: Private Limited Company.

Issued Share Capital: HK$120,000,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 10. (Hong Kong)

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Unit 904, 9/F., Tower B, Hunghom Commercial Centre, 37 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong.

Branch Offices:-

China
Unit 605, 6/F., Tower B, Taipingyang Trade & Commercial Building, Jiabin Road, Lou Hu District, Shenzhen, China.
[Tel: 86-755-8213 8400, 8213 8401; Fax: 86-755-8213 8402]

Thailand
2240-2242, Pattanakarn Road, Suan Laung, Bangkok 10250, Thailand.

India
Mumbai and New Delhi.

Associated Companies:-

Alqadisiya International Co. Ltd., Hong Kong. (Same address)

Conplex America Inc., US.

Conplex Exim Pvt. Ltd., India.

Conplex Telecom India Pvt. Ltd., India.

Conplex USA LLC, US.

Global Mart Trading Group Co. Ltd., Myanmar.

Magic Holdings Ltd., Hong Kong.

Magin Impex Pvt. Ltd., India.

BUSINESS REGISTRATION NUMBER

31862051

COMPANY FILE NUMBER

0752363

MANAGEMENT

Managing Director: Mr. Chander Parkash Batheja

Executive Director: Mr. Jitendra Rahi

Chief Executive Officer: Mr. Nitin Narang

Contact Person: Ms. Maria Hou

ISSUED SHARE CAPITAL

HK$120,000,000.00

SHAREHOLDERS

(As per registry dated 15-06-2015)

Name		No. of shares
Chander Parkash BATHEJA		115,949,999
Vises CHANSRICHAWLA		4,050,000
Gunjan NARANG		1
		–––––––––‑
	Total:	120,000,000 =========

DIRECTORS

(As per registry dated 30-03-2015)

Name

(Nationality)

Address

Chander Parkash BATHEJA

Flat D, 47/F. – 48/F., Tower 2, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong.

Kaur PRABHJEET

Room 3801, 38/F., Block C, Kam Hing House, Kam Tai Court, Ma On Shan, New Territories, Hong Kong.

SECRETARY

(As per registry dated 30-03-2015)

Name	Address	Co. No.
Buttar Secretarial Ltd.	Unit 13, 16/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.	2086550

HISTORY

The subject was incorporated on 30th March, 2001 as a private limited liability company under the Hong Kong Companies Ordinance.

Chander Parkash Batheja increased his issued share capital in March 2015.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Electronic products, electric appliances, computer peripherals, telecommunication products, consumer electronics, mobile phones

Employees: 10. (Hong Kong)

Commodities Imported: China and other Asian countries.

Markets: Southeast Asia, Middle East, North America

Terms/Sales: T/T, L/C

Terms/Buying: T/T, L/C, D/P

MEMBERSHIP

The Indian Chamber of Commerce Hong Kong, Hong Kong.

FINANCIAL INFORMATION

Issued Share Capital: HK$120,000,000.00

Indebtedness: HK$1,216,488.05 (Total amount outstanding on all mortgages and charges as per last Annual Return dated 30-03-2015)

Mortgage or Charge (since 2013): (See attachment)

Profit & Loss: Making a small profit every year.

Condition: Keeping in an active manner.

Facilities: Actively using general banking facilities.

Payment: Met trade commitments on time.

Commercial Morality: Satisfactory.

Bankers:-

The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

China Construction Bank (Asia) Corporation Ltd., Hong Kong.

DBS Bank (Hong Kong) Ltd., Hong Kong.

HBZ Finance Ltd., Hong Kong.

Indian Overseas Bank, Hong Kong Branch.

UCO Bank, Hong Kong Branch.

Union Bank of India, Hong Kong Branch.

Standing: Very good.

GENERAL

Conplex International Ltd. initially had issued 5 million ordinary shares of HK$1.00 each of which were almost equally owned by Mr. Chander Parkash Batheja and Mr. Vises Chansrichawla.

Later, the subject’s ordinary shares were increased to 70 million with HK$1.00 each of which 94.2% were held by Chander Parkash Batheja, 5.8% were held by Vises Chansrichawla.

In March 2015, the subject increased its issued share capital to HK$120 million. Now, Chander Parkash Batheja is holding 96.625% interests, Vises Chansrichawla is holding 3.375%.

The subject is a trading firm based in Hong Kong with subsidiary and allied offices in Shenzhen Special Economic Zone (China), Bangkok (Thailand), Mumbai (India), New Delhi (India), Dubai (United Arab Emirates), Miami (the United States). The subject has a strong background with diversified interests especially in Thailand and India.

The subject is a multinational conglomerate headquartered in Hong Kong. It is an international sourcing company and open market distributor of telecommunication and electronic products. With a global footprint, the company has a decade long legacy of being in the business of own brands, white labelling and distribution of diverse products in the field of telecommunications and Consumer Electronics, IT products.

The range includes Feature Phones, Smartphones, Digital Cameras, Entertainment Systems, Gaming Consoles

Currently, the subject is trading in the following commodities:-

Cable/satellite TV equipment like set-top boxes, digital satellite receivers

Solar products and LED traffic lights.

Electric kitchen appliances like juicers, mixers, grinders, blenders, toasters, electric kettles, tea/coffee maker

Mobile phones (GSM/CDMA) and related accessories like Bluetooth, chargers, hands free, batteries, protective covers and decorative stickers. Most of the mobile phones bear the brand name of Jivi.

Telecommunication products, including basic and high-end telephone sets, wire-less equipment as well as advanced communication equipment for specialised usage.

Tablets

Cameras

Prime markets are Southeast Asia, the Middle East, North America, etc. The subject’s Shenzhen Office has about 10 employees. Business is rather active. Making good profits in some of the past years.

The subject has set up two main divisions, namely, QA & Inspection Services Division and Telecommunications Division. The QA & Inspection Services Division is engaged in the following business scope:-

Sourcing Consultation;

Factory Evaluation;

Pre-production Inspection;

In-production Inspection;

Product Testing;

Final Random Inspection;

Shipping Supervision; &

Other Value-added Services.

The Telecommunications Division of the subject was formed in 2000. Since its foundation, the subject has been acknowledged as one of the leading and reputable manufacturer and supplier of complete range of mobile accessories. Business keeps on improving.

Chander Parkash Batheja is also the managing director of Conplex Telecom India Pvt. Ltd. which is an India-based company.

The subject’s associated company Magicon Impex Pvt. Ltd. in India, founded in 2004, is a manufacturer, importer and distributor of innovative products. It is trading in its Jivi mobile phones.

Mr. Jitendra Rahi, Chief, All India Sales & Distribution, Aircel Ltd., has quit the mobile network operator to join the subject as an Executive Director.

The subject’s business is chiefly handled by Mr. Nitin Narang who is also an Indian.

The subject owns a number of premises in Hong Kong.

As the history of the subject in Hong Kong is over fourteen years and six months, on the whole, consider it good for normal business engagements.

REMARKS

Property information of the company:-

1. Property Location: Unit 1 on 5/F. of Tower B, Hunghom Commercial Centre,
37 Ma Tau Wai Road, Kowloon, Hong Kong.