MIRA
INFORM REPORT
|
Report Date : |
24.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
AMERSONIC INTERNATIONAL |
|
|
|
|
Registered Office : |
Room 1635, 16/F., Star House, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.07.2005 |
|
|
|
|
Com. Reg. No.: |
10548309-007-05 |
|
|
|
|
Legal Form : |
Sole Ownership |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All kinds of Electric Appliances, Electronic Products, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
nAME OF THE COMPANY
AMERSONIC INTERNATIONAL
ADDRESS
Room 1635,
16/F., Star House,
PHONE: 2735 7758, 2735 7759
FAX: 2730 0946, 2730 1817
MANAGEMENT
Manager: Mr. Madhur Dugar
SUMMARY
Establishment: 8th July, 2005.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Importer, Exporter and Wholesaler.
Employees: 12. (Including Sole Owner)
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room
1635, 16/F., Star House,
Sister Companies:- (Same BR No.)
Alpine Silk,
Hong Kong Yaten,
Intexport,
Lightex,
Success Engineering,
Texchemie,
Associated Companies:-
Amersonic
International Ltd.,
Ginda
Industries Ltd.,
BUSINESS REGISTRATION NUMBER
10548309-007-05
MANAGEMENT
Manager: Mr. Madhur Dugar
SOLE OWNER
Unisilk
Ltd.,
HISTORY
The
subject was established on 8th July, 2005 as a sole ownership firm with Unisilk
Ltd. as the proprietor under the Hong Kong Business Registration Regulations.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of electric appliances, electronic products, etc.
Employees: 12. (Including Sole Owner)
Commodities
Imported:
Markets:
Terms/Sales: L/C, T/T, etc.
Terms/Buying: As per contracted.
FINANCIAL INFORMATION
Capital: Provided by Sole Owner.
Profit & Loss: Parent makes a profit every year.
Condition: Keeping in an active state.
Facilities: Making active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Small.
GENERAL
Amersonic International is one of the wholly-owned subsidiaries of Unisilk Ltd. [Unisilk] which is a Hong Kong-registered firm.
The subject is trading in the following commodities: audio-visual products, TV and video equipment, VCD player, DVD player / recorder electronic / electrical components and accessories electronic components (excluding semiconductors), etc.
Commodities
are sourced form
Incorporated on 9th May, 1986, Unisilk is experienced in sourcing a wide range of products catering many different Industries. It is trading in many different fields like metals, electronics, electric appliances, electronic products, building materials, stationery, skin care packaging, etc. Unisilk has set up a number of subsidiaries to trade different products while the subject is one of them, which is responsible for electric appliances and electronic products.
Owned
by the Dugar family, Unisilk has set up offices in
Unisilk
is a member of The Indian Chamber of Commerce Hong Kong,
The business of Unisilk is rather active.
The
directors of Unisilk are Mr. Sajjan Dugar and Mr. Madhur Dugar. Both of whom are Hong Kong ID Card holders
and have got the right to reside in
On the whole, in view of the subject’s parentage, consider it good for normal business engagements.
COURT CASES: None per our.
NAME OF THE COMPANY
UNISILK LTD.
ADDRESS
Room 1635,
16/F., Star House,
BUSINESS REGISTRATION NUMBER
10548309
COMPANY FILE NUMBER
169007
DATE OF INCORPORATION
9th May, 1986.
CAPITAL
Nominal Share Capital: HK$39,400,000.00 (Divided into 394,000 shares of HK$100.00 each)
Issued Share Capital: HK$39,400,000.00
SHAREHOLDERS
(As per registry dated 10-05-2008)
|
Name |
|
No. of shares |
|
Madhur DUGAR |
|
87,105 |
|
Ritesh DUGAR |
|
58,050 |
|
Sajjan DUGAR |
|
107,500 |
|
Sampat RAJ DUGAR |
|
141,345 |
|
|
|
––––––– |
|
|
Total: |
394,000 ====== |
DIRECTORS
(As per registry dated 09-05-2008)
|
Name (Nationality) |
Address |
|
Sajjan DUGAR |
A3-4, 9/F., |
|
Madhur DUGAR |
A3-4, 9/F., |
SECRETARY
(As per registry dated 09-05-2008)
|
Name |
Address |
|
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit
Commercial Centre, |
113023 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.09 |
|
|
1 |
Rs.74.90 |
|
Euro |
1 |
Rs.63.40 |
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. |
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 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%)