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MIRA INFORM REPORT
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Report No. : |
489981 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
RAISECOM INTERNATIONAL LIMITED |
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Registered Office : |
Unit 1105, 11/F., Golden Era Plaza, 39-55 Sai Yee Street,
Mongkok, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.12.2011 |
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Com. Reg. No.: |
59275169 |
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Legal Form : |
Private Limited Liability |
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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 : |
No Employees In Hong Kong Note: It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
No operating office in Hong Kong |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 reexports, 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 continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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 aided a more rapid initial recovery 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 9.4% of total system deposits in Hong Kong by the end of 2015. 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. Mainland visitors to Hong Kong declined 3% in 2015 to approximately 45.7 million, reflecting an overall drop of 2.5% in total visitors to Hong Kong. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2015, mainland Chinese companies constituted about 51% of the firms listed on the Hong Kong Stock Exchange and accounted for about 62.1% 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. 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, which took effect in 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.
Credit expansion and a tight housing supply have caused Hong Kong property prices to rise rapidly; consumer prices increased 2.6% in 2016, but slowed to 2.0% in 2017. Lower- and middle-income segments of the population are increasingly unable to afford adequate housing.
Hong Kong’s economic integration with the mainland continues to be most evident in the banking and finance sector. Initiatives like the Hong Kong-Shanghai Stock Connect, the Mutual Recognition of Funds, and The Hong Kong Shanghai Gold Connect are all important steps towards opening up the Mainland’s capital markets and has reinforced Hong Kong’s leading role as China’s offshore RMB market. Additional connect schemes from bonds to commodities and other investment products are also under exploration by Hong Kong authorities.
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Source
: CIA |
Company
name and address
RAISECOM INTERNATIONAL
LIMITED
ADDRESS:
Registered Office:-
c/o World Concept Accounting & Taxation Ltd.
Unit 1105, 11/F., Golden Era Plaza, 39-55 Sai Yee Street,
Mongkok, Kowloon, Hong Kong.
Holding Company:-
Raisecom Technology Co. Ltd., China.
BUSINESS
REGISTRATION NUMBER
59275169
COMPANY
FILE NUMBER
1692192
DATE
OF INCORPORATION
20th December,
2011.
ISSUED
SHARE CAPITAL
HK$10,000,000.00
SHAREHOLDERS
(As per registry dated 20-12-2017)
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Name |
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No. of shares |
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Raisecom Technology Co. Ltd. 1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang East
Road, Haidian District, Beijing, China. |
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10,000,000 ======== |
DIRECTORS
(As per registry dated 20-12-2017)
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Name (Nationality) |
Address |
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REN Jianhong |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang East
Road, Haidian District, Beijing, China. |
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LI Yuejie |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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ZHU Chuncheng |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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FENG Xuesong |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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ZHANG Yu |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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WANG Shuli |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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WANG Jianming |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
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GAO Lei |
1-5 Floor, East-11, Raisecom Building, 10 Xibeiwang
East Road, Haidian District, Beijing, China. |
SECRETARY
(As per registry dated 20-12-2017)
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Name |
Address |
Co. No. |
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World Concept Accounting & Taxation Ltd. |
Unit 1105, 11/F., Golden Era Plaza, 39-55 Sai Yee
Street, Mongkok, Kowloon, Hong Kong. |
2188191 |
GENERAL
Raisecom International Limited was incorporated on 20th
December, 2011 as a private limited liability company under the Hong Kong Companies
Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Unit 1105, 11/F., Golden Era Plaza, 39‑55 Sai
Yee Street, Mongkok, Kowloon, Hong Kong’ known as ‘World Concept Accounting
& Taxation Ltd.’ which is handling its correspondences and documents. This accounting company is also the corporate
secretary of the subject.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the
subject has issued 10 million ordinary shares of HK$1.00 each which are
wholly-owned by Raisecom Technology Co. Ltd. [Raisecom] which is a China-based
company. RTC is a listed company in
Shanghai, China bearing stock code 603803.
All the directors of the subject are China merchants and
currently residing in Beijing, China.
Raisecom, established in 1999, is now a leading vendor
providing comprehensive access solutions and network devices. Headquartered in Beijing (China), Raisecom
has consistently achieved strong growth with partners and customers over 80
countries worldwide.
Raisecom has been expanding its offerings in the last 18
years. It has over 2,000 employees with
one R&D centre in Beijing, two main manufacturing sites in Beijing and
Shenzhen SEZ, eleven international branches and representative offices, and
Raisecom Inc. is located in Florida, the United States.
Starting from innovative Ethernet media converters,
Raisecom has developed a number of product lines including Carrier Ethernet, IP
MPLS, Optical Transport Network, Packet Transport Network, xPON, SME Routers,
Industrial Switch, PCM for SCADA, Ethernet over Everything, Multi-Service Last
Mile Access and Network Management System.
In addition, it is specialized in tailor-made solutions for access scenarios
focusing on service providers, mobile backhaul and front haul, broadband
access, mission critical networks, enterprise and government communications
services.
Additionally Raisecom is offering SDN and NFV Networking
and Communications solutions.
Raisecom is ISO9001:2008 certified for R&D,
manufacturing, technical support and marketing.
Its products are compliant with CE, RoHS, IEEE, IEC, UL and CSA
standards and regulatory. Raisecom is a
member of MEF and Syncworld ecosystem.
It is also among the market-leading Carrier Ethernet
manufactures, and received prestige awards from global organizations, among
them Metro Ethernet Forum.
The following table shows the financial highlights of
Raisecom:
Unit: RMB’ million
Yuan (year ended 31 December)
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Items |
2016 |
2015 |
2014 |
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Revenue |
1,998.6 |
1,702.4 |
1,477.6 |
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Operating Profit |
237.3 |
198.8 |
201.0 |
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Total Profit |
293.1 |
275.1 |
224.5 |
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Profit/(Loss) Attributable to equity holders of parent |
253.4 |
239.8 |
185.6 |
The revenues of Raisecom keeps on improving.
The subject’s business in Hong Kong is not active. History in Hong Kong is over six years and a
month.
Since the subject does not have its own operating office
and has no employees in Hong Kong, consider it good for business engagements on
L/C basis or in small credit amounts.
Note:
It is to be noted that the company does not have its own operating
office in Hong Kong. The company uses the address of its secretariat as its
correspondence address only. Subject operates from some other country and does
not have a base in Hong Kong. Such companies are registered in Hong Kong just
to tax benefit purpose and due to the strict privacy laws prevailing in the
country. In such cases, the companies are not required to have any employees in
Hong Kong nor do have an office there
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.72 |
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1 |
INR 89.72 |
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Euro |
1 |
INR 79.52 |
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HKD |
1 |
INR 8.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.