MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
FONG'S NATIONAL ENGINEERING CO LTD |
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Registered Office : |
8FL Fong National Bldg 22-28 Cheung Tat Rd Tsing Yi Island
New Territories |
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Country : |
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Date of Incorporation : |
April 3, 1969 |
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Com. Reg. No.: |
17168 |
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Legal Form : |
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Line of Business : |
Trading wide range of dyeing and finishing machineries |
RATING & COMMENTS
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MIRAs 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 : |
Regular |
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Litigation : |
Clear |
name &
ADDRESS
FONG'S NATIONAL ENGINEERING CO LTD
8FL FONG NATIONAL BLDG
TEL : 852 24973300
FAX : 852 24322552
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 3, 1969
REGISTRATION NO. :
17168
CHIEF EXECUTIVE :
MR. SOU-LAM FONG (CHAIRMAN)
STAFF STRENGTH :
100
CAPITAL :
US$ 1,278,772
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81184 = US$1 AS OF 2007-7-4
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
===================
License number : 17168
Date issued : 3 April,
1969
Issuing authority : Registrar
of Companies
Type of license : Corporate
Registration
Legal form : Limited
Liability Company
License number : 02665523-000
Date issued : N/A
Issuing authority : Inland
Revenue Department
Type of license : Business
Registration
Note
------
The above registration information is based on the company's annual
return filed at Companies Registry within the last 2 years.
*Capital Details*
=============
Share value :
HKD1.00/-each
Authorized capital : HKD 10,000,000 divided into the following :
- 8,000,000 non-voting deferred shares
-
2,000,000 ordinary shares
Paid-up capital : HKD
8,000,100 divided into the following :
- 8,000,000 non-voting deferred shares
- 100 ordinary shares
*Office & Facilities*
===============
Location : Industrial
district
Type of Building : Industrial
building
Comment : Premises is
shared with indirect parent, FONG'S INDUSTRIES CO LTD
Other Contact Details
-----------------------------
E-mail : fongssmg@hkstar.com
Website : fongsengineering.com
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
===================
Only Mr. Che-keung Lee can sign on behalf of the company with seal
affixed.
Website :
www.fongs.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail : enquiry@fongs.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders : 2
Total number of shares
: 8,000,100
Shareholders Shares
Number Amount (HKD) %
FONG'S MANUFACTURERS CO LTD 8,000,099.00 8,000,099.00 100.00
Mr. Sou-lam Fong 1.00 1.00 0.00
*Directors' Details*
===============
(1)
Che-keung Lee
HKID no :
E863476(2)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: Flat B 10Fl
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(2)
Wai-yung Wan
HKID no :
E391366(3)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address : Flat C,
19Fl,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(3)
Che-chiu Lee
HKID no :
A618061(5)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address : Flat 1C, Manchester Lodge,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant : None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(4)
Kevin Kwok-leung Fong
HKID no :
K553387(2)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : House 2,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions : None in our database
- Delinquent payment records
: None in our database
(5)
Hoi-kam Fu
HKID no :
H338033(7)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address : Flat D, 25Fl,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(6)
Billy Kwok-chung Fong
HKID no :
K263238(1)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : House 5,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(7)
Kelvin Cheuk-hon Kin
HKID no :
G587629(9)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : Flat A, 3Fl, Villa Carlton,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant : None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(8)
William Tak-ming Tsui
HKID no :
D409581(3)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : Flat F, 6Fl,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(9)
Wai-keung Tsui
HKID no :
H087438(A)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : Flat E,
8Fl,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(10)
Blanche Hang-sim Poon
HKID no : G595231(9)
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its
management.
Registered address : 4B,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(11)
Jerry Yiu-Leung Mo
HKID no :
D463866(3)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address : Flat B2, 5Fl,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
(12)
Sheung-wai Leung
HKID no : G182951(2)
Address : Flat G, 20Fl
(13)
Kit-vai Tou
HKID no. : E799927(9)
Address : Flat A 4Fl, 97
Broadway St Mei Foo Sun Chuen,
(14)
Tak-man Wong
HKID no. : G027451(7)
Address : Flat B,
(15)
Ching-chuen Wong
HKID no. : G669367(8)
Address : Flat H, 15Fl
Castello - Block 8,
*Company Secretary Details*
=====================
Che-keung Lee
Address : Flat B 17Fl
HKID No. : E863476(2)
Note :
-------
The above registration information of shareholders, directors, and
secretary is based on the company's annual return filed at Companies Registry
within the last 2 years.
*Key Personnel*
============
Sou-lam Fong
HKID no :
E061331(6)
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: House 5,
Litigation check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years
- Civil litigation as defendant
: None in our database
- Bankruptcy/winding-up petitions
: None in our database
- Delinquent payment records
: None in our database
Note from the Companies Registry :
-----------------------------------------------
(1) The above directorship information has been taken from documents
filed with the Companies Registry,
(2) The index of directors contains records of directors of companies
which are incorporated/registered under the Companies Ordinance except:-
- a) companies which are dissolved/C.P.B before 1 January, 1999;
- b) companies which have applied for striking-off action before 1
February, 1998.
*Main Products & Services*
======================
Specializes in trading wide range of dyeing and finishing machineries which
are manufactured by its factory in
Products also include:
- Flax Roving scouring & bleaching
Products : Air jet looms
Atmospheric
dyeing machines
Centrifugal
pumps
Dryers
Dryers rapid
*Brand*
=======
Brand Fong's
*Payment Terms*
=============
Sales
------
Local : Credit
Installment
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Installment
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
=============
Member of :
- Hong Kong General Chamber of Commerce
*International Exhibition Participation*
============================
Participated in the following international exhibition :
(1)
Exhibition fair : GARMENTECH
2004
Date attended : 13-16 February,
2004
Location :
(2)
Exhibition fair : INTERMASZ 2004
Date attended : 2-4 March, 2004
Location :
(3)
Exhibition fair : SHAOXING
INTERNATIONAL TEXTILE MACHINERY EXHIBITION
Date attended : 25-27 March, 2004
Location :
(4)
Exhibition fair : CCITME 2004
Date attended : 15-18 April, 2004
Location :
(5)
Exhibition fair : IGATEX 2004
Date attended : 21-24 April, 2004
Location :
(6)
Exhibition fair : KORTEX 2004
Date attended : 11-14 May, 2004
Location :
(7)
Exhibition fair :
Date attended : 1-4 June, 2004
Location :
(8)
Exhibition fair : ITM 2004
Date attended : 1-6 June, 2004
Location :
(9)
Exhibition fair :
Date attended : 17-21 June, 2004
Location :
(10)
Exhibition fair :
Date attended : 29 June - 1 July,
2004
Location :
(11)
Exhibition fair : ATME-I 2004
Date attended : 13-17 September,
2004
Location :
(12)
Exhibition fair : CITME 2004
Date attended : 12-16 October,
2004
Location :
(13)
Exhibition fair :
Date attended : 4-11 December,
2004
Location :
(14)
Exhibition fair : The 4th Int'l
Dhaka Textile & Garment Exhibition
Dates attended : 1-4 February, 2007
Location : 562,
(15)
Exhibition fair : The 2nd
Xinjiang International Textile Machinery Equipment and related Products
Exhibition
for
2007
Dates attended : 18-20 May, 2007
Location :
(16)
Exhibition fair : The 13th
International Exhibition on Textile Industry
Dates attended : 1-4 June, 2007
Location : W3B38 Hall
3,
Incoming Participation
--------------------------------
Exhibition fair : ITMA 2007
Dates to attend : 13-20
September, 2007
Location : C1.103/202,
*Awards*
========
Received the following awards :
(1)
Award : Export Marketing Award
Awarded by : Hong Kong Trade
Development Council
Year : 1993
(2)
Award : Technological
Achievement Certificate of Merit
Awarded by : Chinese
Manufacturers' Association of
Year : 2003
(3)
Award : Certificate of
Merit in Quality
Awarded by : Hong Kong Industry
Department
(4)
Award : "Fabrics
Awarded by :
Year : 2006
(5)
Also received 11 awards in Hong Kong Awards for Industry under the
categories of Machinery and Equipment Design, Quality and Export Marketing in
the past 10 years
*Detailed Product Specification*
===========================
Product Description Model
No Capacity Fabric Speed Item No
------------ ----------------
----------- ------------ ------------------ ----------
High Temperature Suitable for
processing a 1T-6T 200-250kg/tube up to 350m/min GN6
Dyeing Machine wide range of
fabrics with
excellent dyeing qualities
and great overall performance
and efficiency. Able to operate
under a liquor ratio as low as 1:5
High Temperature Featuring
energy and time saving 1T-6T 200-250kg/tube up to 350m/min GN6-Super
Dyeing Machine low liquor
ratio and high utilization
suitable for processing a wide range
of fabrics with excellent dyeing
qualities and great overall performance
and efficiency
Atmospheric Features
short liquor ratio of
1T-6T 200-250kg/tube up to 300m/min GN18-100
Overflow Dyeing 1:5-6 with
excellent dyeing quality.
Machine Offers
high versatility for different
production
capacity needs.
High Sped Suitable
for woven and knitted 1T,
2T 100-150kg/tube up to 600m/min MK88
Dyeing Machine materials,
esp. those sensitive to
crease marks such as polyester and
micro fiber etc.
Double Rope Soft Features
large fabric loading
1ST-4ST, 200-500kg/tube up to
300m/min MK8C-140
Dyeing Machine capacity
& a consistently high
1LT-4LT
quality level
dyeing with the best
hand-feel. It is versatile machine
suitable for the dyeing of most kinds
of woven and knitted fabrics.
Allfit Medium Designed
for small batch
Allfit-5, 5kg,25kg 100-200m/min
Batch Dyeing piece
dyeing. Low liquor
Allfit-25 50kg, 100kg
Machine ratio, small power, con- Allfit-50
sumption and fast fabric Allfit-100
turn around time ensure the
dyeing recipe & process
technique can be applied
directly w/o modification.
High Temperature Dyeing
machine is designed
1T/LT 200-250kg/tube 300m/min MK18-140
for perfect dyeing on a wide -6T/LT
range of woven and knitted
fabrics with very low liquor
ratio at 1:7-8
Easyclean Series Equipped with
an extra large 1T/LT up to 250kg/tube up to 300m/min MK18F-100
Atmospheric filter
which allows efficient -6T/6LT
Dyeing Machine cleaning
after the dyeing
process. Thus, it is
deal for
loose lint producing
materials at atmospheric conditions
Easyclean Series Equipped w/ an
extra large filter 1T/LT up to 250kg/tube up to 300m/min MK18F-140
High Temperature w/c allows
efficient cleaning after -6T/6LT
Dyeing Machine the dyeing
process. Thus, it is ideal
for dyeing loose lint producing materials
at high temperature conditions
HP Series An
effective hydropadding Max
working width:1320mm Roller speed:
10-60m/min
Hydropadding and
squeezing unit for preparing the
Machine fabrics
from dyeing machines
for onward precision shrinkage drying
relaxing and setting by providing such as
detwsiting, wetting, and hydropadding
VC Series Wet Designed for
providing mechanical Max working
width:1320mm Rollerspeed:10-60m/min
Stress Relieving stress
relieving for fabric in the
Machine dyeing or
finishing process to enhance
softness and dimensional stability. It is
a
good companion to HP series hydro-
padding machine.
Efficient Shrinkage Designed for
tension free drying for both
Dryer woven and
knitted materials in either open width
or
tubular form. It features a new double pass
drying chamber as well as an innovative vapor
recycling system for space and energy saving and
high capacity. The result is consistent quality
finishing with enhanced softness and dimensional
stability.
Double Carrier Has an
integrated all the distinctive Fong's patented
Package Dyeing features to
process packages, loose fibre, muffs, cakes etc.
Machine in double
carrier. By using patented flow control system, the
reproduction of color from batch to batch is no longer an
expensive process. No complex devices are used thus making
the
maintenance work easier.
Single Carrier Fong's
"Flagship" in package dyeing. Unique Multi-function Flow
Package Dyeing Reversal Valve
System allows optimal reversal of flows for perfect
Machine dyeing
results.
Atmospheric Suitable for
the dyeing of yarn material made from natural
Package Dyeing fiber such as
cotton, linen, wool, and other synthetic fiber
Machine such as
nylon, rayon etc. Loose fiber such as wool stock and
regenerated cotton can also be processed successfully with
basket carrier.
High Temperature Compact
laboratory bench dyeing machine for efficient
sample
SDM2-12-140
Sample Dyeing trials, recipe
formulation and fastness testing. Working
Machine temperature
up to 140 Centigrade
Low Noise Rapid Versatile and
efficient dryer for rapid drying of various kinds
Dryer
make-ups, for instance, cones, muffs, cakes, hanks, loose stocks,
warp
beams and cheese etc. at low noise level (88 dBA at 1m distance)
TD Radio Frequency Suitable for
the drying of natural and man made fibers in staple, hank,
Dryer
cone, package and top from normally immediately after hydro-extraction
with results of good uniformity and better final handing.
High Temperature Laboratory
machine for perfect trial production from 3 to 5 packages
Package Sample
Dyeing Machine
Laboratory Package Single cone
lab machine emphasizing perfect replication of dyeing
Dyeing Machine processes
for mass production
Hank Yarn Spray Low liquor
ratio spray dyeing for cotton, silk, and blended hank yarns
Dyeing Machine
Hank Yarn Dyeing High capacity
dyeing cabinet for large varieties of hank yarns, such as
Cabinet
wool, acrylic, polynosic cotton, cotton and blends etc.
Hank Yarn Dryer For
economic and efficient drying of hank yarns
Press for Package Pneumatic
press for achieving higher capacity at desired
Yarns cone
density. Perfect companion for dyeing of cakes, tops and loose fibres etc.
Drug Room Add Is an
indispensable installation for centralized management of dyestuff/chemical
Tank System injection
in a modern dyehouse, for good repeatability of dyeing recipes,
repeatability of dyeing process, as well as improving dyehouse
environment
Mobile Salt Feeder Unique salt feeding
machine boosts productivity and improves dyehouse management via
effective dispensing of salt.
*Quality Certification*
==================
Achieved the following certifications :
(1)
Type of certification : ISO9001:94
Issuing authority : Lloyd's Register Quality Assurance.
Year of certification : 1998
(2)
Type of certification : ISO9001 s 2000
Year of certification : 2001
The products are in accordance with the requirements of pressure vessel
codes such as:
- ASME BPV SEC VIII DIV I (
- BS5500 (
- AD-RULES (
- JIS B8243 (
- Pressure Vessel Manufacturing Permit (
*Charges*
========
As per current company search, total amount of indebtedness of the
company in respect of all mortgages and charges which are required to be
registered with Companies Registry as at 3 April, 2004 was nil.
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales to
manufacturers and re-sellers.
*Export Markets*
=============
Majority of the annual turnover is attributed to export worldwide.
*(Subsidiaries , Joint-ventures & Affiliates)
==================================
Company Name : FALMER INVESTMENTS LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Financial Services - General
Company Name : FONG'S CHINA DEVELOPMENT LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Professional Services
Company Name : FONG'S CHINA INVESTMENT (BVI) CO LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Financial Services - General
Company Name : FONG'S ENGINEERING SERVICES CO LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Professional Services
Company Name : FONG'S NATIONAL ENGINEERING (SHENZHEN) CO LTD
Address : Danzhutou Industrial Zone
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD
Address : Rm 1, 30Fl Unit C
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD
Address : Marsela 2101
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD - FUJIAN OFFICE
Address : Rm 402 Zongli Bldg Zifang Rd Shi-shi 362700 Fujian China
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD - QINGDAO OFFICE
Address : 7Fl-B
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD - SHANGHAI OFFICE
Address : Rm 1, 6Fl Harvest Bldg Block A
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD - SHAOXING OFFICE
Address : Rm 102,
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD -
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : FONG'S NATIONAL ENGINEERING CO LTD - WUHAN OFFICE
Address : 6, 5Fl Jiulongjing Section 10
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : FONG'S STEEL SUPPLIES CO LTD
Address : 8Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : SUNSHINE GLORY LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : THEN MASCHINEN GMBH
Address : Milchgrundstrasse 32
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : TYCON ALLOY INDUSTRIES (
Address : 8Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : TYCON ALLOY INDUSTRIES (SHENZHEN) CO LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Metals & Metal Products
Company Name : VASTPARK LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : XORELLA AG
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
Company Name : XORELLA HONG KONG LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
*Strategic Partners & Alliances*
=========================
Group name : FONG'S Group
Group members : Textile Machinery
------------------------
a.
Dyeing & finishing equipment design & manufacturing
- FONG'S NATIONAL ENGINEERING CO
LTD
- FONG'S NATIONAL ENGINEERING (SHENZHEN) CO LTD
b.
Fabric finishing equipment manufacturing
- MONFORTS FONG'S TEXTILE MACHINERY CO LTD
- MONFORTS FONG'S TEXTILE MACHINERY (SHENZHEN) CO LTD
c.
Dyeing equipment design & manufacturing
- THEN MASCHINEN (HK) LTD
- THEN
MASCHINEN GMBH
d.
Yarn conditioning equipment design & manufacturing
- XORELLA HONG KONG LTD
- XORELLA AG
Stainless Steel casting
------------------------------
a.
Investment & sand casting products manufacturing
-
TYCON ALLOY INDUSTRIES (
- TYCON ALLOY
INDUSTRIES (SHENZHEN) CO LTD
Stainless
steel trading
-----------------------------
-
FONG'S STEELS SUPPLIES CO LTD
PAYMENT RATING : 3 OBTAINED SCORES : 68
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for MODERATE amounts depending on individual judgement
experience.
*Bank Details*
============
Bank Name : BANK OF
Branch : Central,
Branch Address : 13Fl Bank Of
SWIFT Code : BKCHHKHH
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
Bank Name : STANDARD CHARTERED BANK
Branch : Central,
Branch Address : 13Fl Standard Chartered Bank Bldg 4-4A
SWIFT Code : SCBLHKHH
Upon our current contact, the company's Accounting Department refused to
forward any financial information regarding the company on the grounds that the
company is a private venture whose financial information is considered
sensitive private business information not subjected to public release or
release to non-business related parties.
SC is considered an old-established business in medium size.
Credit dealings with SC in the range of moderate to fairly large amount can be
considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3500 Industrial
Machinery & Equipment
Trading 3552 Textile
machines and parts and attachments
Trading 3561 Pumps
and pumping equipment, except fluid power pumps
Trading 3589 Service
industry machines and equipment, and parts
Trading 3594 Fluid
power pumps and motors, and parts
Trading 3699 Electrical
equipment and supplies and parts
Trading 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9960 Export
Trading/management Company
Trading 5911320020 Textile
fabrics and felts, endless or fitted with a linking device, used in
papermaking
machines, greater than or equal to 650 g/m2, dryer felt/fabric
Trading 8413702090 Centrifugal
pumps for liquids
Trading 8451400000 Washing,
bleaching or dyeing machines
Trading 8451900020 Parts
of machines for bleaching, dyeing, washing or cleaning textile yarns,
fabrics
or made up textile articles
Trading 8479 Machines
etc having individual functions parts
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Centrifugal
pumps
Trader Finishing
machines
Trader Stentering
machines
Trader Heat recovery,
systems
Trader Dryers
Trader Shrinking
machine
Trader Dryers
softset
Trader Dyeing
cabinet, hank yarn
Trader Stenters, heat
setting
Trader Dyeing machine
accessories
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SCs 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%)