MIRA INFORM
REPORT
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Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ECO
DOOR TECHNOLOGY HK
LTD. |
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Registered Office : |
c/o Aquiline Project Services Ltd., Unit B, 5/F., Block E, Chun Yu Cargo Centre, 52-62 Tsing Yi Road, Tsing Yi, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.03.2007 |
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Com. Reg. No.: |
37784427 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Door function systems |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Company name
ECO DOOR TECHNOLOGY HK LTD.
Company ADDRESS
c/o Aquiline Project Services Ltd.
Unit B, 5/F., Block E, Chun Yu Cargo Centre, 52-62 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong.
PHONE: 2753 9902
MANAGEMENT
Managing Director: Mr. Ernst Schulte
SUMMARY
Incorporated on: 28th March, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Aquiline Project Services Ltd.
Unit B, 5/F., Block E, Chun Yu Cargo Centre, 52-62 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong.
Holding Company:-
ECO Schulte Holding GmbH, Germany.
Associated
Companies:-
· ECO Land Hardware Co. Ltd., South Korea.
· ECO Schulte Austria GmbH, Austria.
· ECO Schulte Doorsystem Zhuhai Co. Ltd., China.
· ECO Schulte GmbH & Co. KG, Germany.
· ECO Schulte Spolka z.o.o., Poland.
· ESB Schulte GmbH & Co. KG, Germany.
BUSINESS REGISTRATION NUMBER
37784427
COMPANY FILE NUMBER
1119064
MANAGEMENT
Managing Director: Mr. Ernst Schulte
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
SHAREHOLDER
(As per registry dated 28-03-2011)
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Name |
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No. of shares |
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ECO Schulte Holding GmbH Iserlohner Landstrabe 117, 58706 Menden, Germany. |
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10,000 ===== |
DIRECTORS
(As per registry dated
28-03-2011)
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Name (Nationality) |
Address |
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Ernst SCHULTE |
August-Macke Strasse 14, 58706 Menden, Germany. |
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Tobias SCHULTE |
Kirchplatz 1a, 58706 Menden, Germany. |
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Heinrich Franz SCHULTE |
Lahrweg 21, 58706 Menden, Germany. |
SECRETARY
(As per registry
dated 28-03-2011)
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Name |
Address |
Co. No. |
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Aquiline Project Services Ltd. |
Unit B, 5/F., Block E, Chun Yu Cargo Centre, 52-62 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong. |
0226573 |
HISTORY
The subject was incorporated on 28th March, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject’s registered address is in the operating office of Aquiline Project Services Ltd. [Aquiline Project]. Formerly the subject’s registered address was in Aquiline Project’s office at Room 1005, 10/F., Nanyang Plaza, 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong, moved to the present address in 2010 where is the other operating office of Aquiline Project.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Door function systems
Employees: Nil.
Commodities Imported: Germany, China, etc.
Markets: Germany, other European countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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 or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, ECO Door Technology HK Ltd. is a wholly owned subsidiary of ECO Schulte Holding GmbH [ECO] which is a Germany-based firm.
The subject and ECO are wholly-owned by the Schulte family.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit B, 5/F., Block E, Chun Yu Cargo Centre, 52-62 Tsing Yi Road, Tsing Yi, New Territories, Hong Kong known as Aquiline Project Services Ltd. which is handling its correspondences and documents. Aquiline Project Services Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.
A family-managed and medium-sized company, ECO has been growing continuously for 75 years. Its customers from all over the world. ECO is engaged in manufacturing door function systems from plastic, stainless steel and aluminium. ECO offers a wide product range, from plastic latches to stainless steel object furniture for fire and smoke protection doors. Standard locks as well as highly complex panic lock systems for escape routes are also part of its products. Its various door closer models and numerous accessories cover almost all application areas.
Other significant products is rebound straps from stainless steel and aluminium for the most varied application areas. All its new products are developed and produced on the basis of the latest European standards. ECO continuously optimise its products by consistent further development.
ECO has had an associated factory in Zhuhai Special Economic Zone known as ECO Schulte Doorsystem Zhuhai Co. Ltd. [Zhuhai ECO]. Your given phone number 86-756-8819 312 and fax number 86-756-8819 580 belong to Zhuhai ECO. The followings are the main products of ECO:-
Door Closing Device
Door Closing Fitting
Door Locking Device
Hinge
Glass Door fitting
The key personnel of ECO are also the directors of the subject.
It is likely that Zhuhai ECO deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Zhuhai ECO also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not very active.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.75.52 |
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Euro |
1 |
Rs.66.53 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.