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MIRA INFORM REPORT
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Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
STREAMING VIDEO TECHNOLOGY (HK) CO.
LTD. |
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Registered Office : |
c/o International Professional Secretary Ltd.,
F., Pearl Oriental Tower, 225 Nathan Road, Jordan, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.09.2004 |
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Com. Reg. No.: |
34890768 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Manufacturer, Importer and Exporter of DVR,
MDVR, MDR, DVS, Digial Recorder, Digital Video Recorder, Mobile, Recorder,
Video Server, MPEG4, etc. |
RATING &
COMMENTS
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MIRA’s 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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name
STREAMING VIDEO
TECHNOLOGY (HK) CO.
LTD.
Address
c/o International Professional Secretary Ltd.
7/F., Pearl Oriental Tower,
225 Nathan Road, Jordan,
Kowloon, Hong Kong.
ADDRESS
c/o International Professional Secretary Ltd.
7/F., Pearl Oriental Tower, 225 Nathan Road,
Jordan, Kowloon, Hong Kong.
Phone: 2472 2222
Fax: 2385
7377
E-Mail: info@sz-streaming.com
MANAGEMENT
Managing Director: Mr. Kwai Chun Wing
SUMMARY
Incorporated on: 1st September, 2004.
Organization: Private Limited
Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Manufacturer, Importer and Exporter.
Annual Turnover: HK$240-260 million.
Employees:
Nil. (Hong Kong)
Main Dealing Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered
Office:-
c/o International Professional Secretary Ltd.
7/F., Pearl Oriental Tower, 225 Nathan Road,
Jordan, Kowloon, Hong Kong.
Operating
Office:-
Shenzhen Streaming Video Technology Co. Ltd.
5/F., Block 3, Shenzhen Software Park,
Hi-Tech Middle Three Road No. 2, Shenzhen Hi-Tech Industrial Park, 518057
Shenzhen, China.
[Tel: (86-755)
8616 8928, 8616 8863, 8616 8722, 8616 5179
Fax: (86-755)
8616 8877]
BUSINESS REGISTRATION NUMBER
34890768
COMPANY FILE NUMBER
920143
MANAGEMENT
President:
Mr. Zhao Zhijian
Managing Director: Mr. Kwai Chun Wing
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided
into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS: (As
per registry dated 01-09-2007)
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Name |
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No. of shares |
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ZHAO Zhijian |
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7,000 |
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KWAI Chun Wing |
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3,000 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS: (As
per registry dated 01-09-2007)
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Name (Nationality) |
Address |
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ZHAO Zhijian |
3/F., Block 1, Gaoxin South Ring Road / Keji South Road, Vision
(Shenzhen) Business Park, Shenzhen Hi-Tech Industrial Park, Shenzhen, China. |
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KWAI Chun Wing |
Flat E, 10/F., Block 2, Wing Fai Building, 52 Wing Kwong Street, Hunghom,
Kowloon, Hong Kong. |
SECRETARY: (As
per registry dated 01-09-2007)
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Name |
Address |
Co. No. |
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International Professional
Secretary Ltd. |
7/F., Pearl
Oriental Tower, 225 Nathan Road, Jordan, Kowloon, Hong Kong. |
798592 |
HISTORY
The subject was incorporated on 1st
September, 2004 as a private limited liability company under the Hong Kong
Companies Ordinance.
Apart from these, neither material change nor
amendment has been ever traced and noted.
OPERATIONS
Activities: Manufacturer,
Importer and Exporter.
Lines: DVR,
MDVR, MDR, DVS, digial recorder, digital video recorder, mobile, recorder,
video server, MPEG4, etc.
Employees: Nil. (Hong Kong)
200. (China)
Spare parts Imported: South Korea, Tawian, other Asian countries, etc.
Markets: China,
Hong Kong, Europe, US, etc.
Annual
Turnover: HK$240-260 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares
of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit & Loss: Head
office made a small profit in China.
Condition: Business in Hong Kong is not
active.
Facilities: Adequate for current running.
Payment:
Met as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing:
Small.
GENERAL
Streaming Video Technology (HK) Co. Ltd. does
not have its own operating office. Its
registered office is in a secretarial firm located at 7/F., Pearl Oriental
Tower, 225 Nathan Road, Jordan, Kowloon, Hong Kong known as International
Professional Secretary Ltd. which is handling its correspondences and
documents. International Professional
Secretary Ltd. is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
Having issued 10,000 ordinary shares of
HK$1.00 each, the subject is jointly owned by Mr. Zhao Zhijian, holding 70%
interest, and Mr. Kwai Chun Wing, holding 30%.
The former is a China merchant holding a China passport while the latter
is a Hong Kong merchant.
The subject has about 200 employees in
China. Main office is in Shenzhen
Special Economic Zone known as Shenzhen Streaming Video Technology Co. Ltd.
[Shenzhen Streaming].
Shenzhen Streaming is engaged in R&D and
manufacturing surveillance security products.
It also manufacturers digital video recorders which are used in public
buildings and vehicles.
Shenzhen Streaming has claimed to be an
“expert for Mobile DVR [MDVR], for 5 in 1 solution”: DVR, GPS, multimedia,
metadata, wireless video transmission.
Recently, it has set up the latest H.264 platform to enhance the
compression rate with superior image quality level (at D1). It provides full ranges of software as well
as niche on the live view wireless monitoring from on road vehicles. It also provides full range of the DVR with
both of the H264 and MPEG4 platform, from 4 camera channels up to 16 camera channels. Full networking capability with high
stability performance.
Regarding with networking technology,
Shenzhen Streaming also offers its latest product digital video server [DVS]
that based on the H.264, as well as turnkey solution in total security system.
In Shenzhen, China, Shenzhen Streaming has
over 60 engineers (with full hardware/software/firmware R&D team), and over
15 full trained overseas marketing/sales engineers provide clients with online
support and other related services.
Shenzhen Streaming has had distributors in
some major countries of the world.
The annual sales turnover of Shenzhen
Streaming ranges from HK$240 to 260 million.
Making a small profit every year.
The subject’s business is chiefly handled by
Mr. Kwai Chun Wing while Shenzhen Streaming in Shenzhen is administered by Mr.
Zhao Zhijian.
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.
COURT CASES
None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)