MIRA INFORM REPORT

 

 

Report Date :           

22.07.2011

 

IDENTIFICATION DETAILS

 

Name :

AMERSONIC  INTERNATIONAL

 

 

Registered Office :

Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

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 :

Usually Correct

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

AMERSONIC  INTERNATIONAL

 

 

COMPANY ADDRESS

 

Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2735 7758,  2735 7759

FAX:                 2730 0946,  2730 1817

E-MAIL:            general@amersonic.com

 

 

MANAGEMENT

 

Manager:  Mr. Madhur Dugar

 

 

SUMMARY

 

Establishment:                          8th July, 2005.

 

Organization:                 Sole Ownership.

 

Capital:                         Provided by Sole Owner.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Annual Turnover:            HK$35~40 million  (Including Sole Owner)

 

Employees:                   10.  (Including Sole Owner)

 

Main Dealing Banker:     Indian Overseas Bank, Hong Kong Branch.

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

·         Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

·         P.O. Box 96156, Tsim Sha Tsui Post Office, Kowloon, Hong Kong.

 

Sister Companies:-  (Same BR No.)

·         Alpine Silk, Hong Kong.

·         Hong Kong Yaten, Hong Kong.

·         Intexport, Hong Kong.

·         Lightex, Hong Kong.

·         Success Engineering, Hong Kong.

·         Texchemie, Hong Kong.

 

Associated Companies:-

·         Amersonic International Ltd., Hong Kong.  (Same address)

·         Ginda Industries Ltd., Hong Kong.  [Dissolved]

 

 

BUSINESS REGISTRATION NUMBER

 

10548309-007-05

 

 

MANAGEMENT

 

Manager:  Mr. Madhur Dugar

 

 

SOLE OWNER

 

Unisilk Ltd., Hong Kong.  (See attachment)

 

 

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:                   10.  (Including Sole Owner)

 

Commodities Imported:   China, Vietnam and other Asian countries.

 

Markets:                       India, other Asian countries, Middle East, Africa, etc.

 

Annual Turnover:            HK$35~40 million  (Including Sole Owner)

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C or as per contracted.

 

 

FINANCIAL INFORMATION

 

Capital:                         Provided by Sole Owner.

 

Profit or Loss:                Sole owner makes a profit every year.

 

Condition:                      Keeping in an active condition.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as contracted.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Indian Overseas Bank, Hong Kong Branch.

 

Standing:                      Normal.

 

 

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:-

·         ICs – Semiconductors

·         Memory

o                                DRAM / SRAM / SDRAM / RDRAM / DDR SDRAM / VRAM

o                                EPROM’s / Flash

o                                Memory Modules

·         Microprocessor

o                                Intel, AMD, IBM, and Cyrix CPU’s

o                                Chipsets

·         Linear Semiconductors

·         Storage Solutions

·         Transistors

·         Diodes

·         Connectors

·         Resistors

·         Capacitors

·         Energy Saving Lamps

·         Batteries

The subject also trades in DVD players in complete form, parts/components of DVD player, LCD TV and monitors, CRTs, home theatres, and computer speakers, etc.

The subject is also specialized in supplying lithium, alkaline and rechargeable batteries.  It has had a number of regular suppliers in China.  According to the subject, it is an OEM for leading brands.

Commodities are sourced from China, Vietnam and the other Asian countries.  Prime markets are India, the other Asian countries, the Middle East, Africa, etc.  Business is rather active.

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 kinds of products such as electronics, electric appliances, electrical products, marble, building materials, granding machinery, stationery, skin care products, silk and silk fabrics, chemicals, etc.

Unisilk has set up a number of subsidiaries in order to trade different products while the subject is one of them.  The subject is responsible for electric appliances and electronic products.

Owned by the Dugar family, Unisilk has set up offices in India, Guangzhou, Shenzhen Special Economic Zone, Vietnam, etc.

According to Unisilk, it is able to source commodities directly from the factories and export the commodities by itself.

Unisilk is a member of The Indian Chamber of Commerce Hong Kong, 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 Hong Kong permanently.

The annual sales turnover of Unisilk ranges from HK$35 to 40 million.  Making a small profit every year.

The history of Unisilk in Hong Kong is over twenty-five years.

On the whole, in view of the subject’s parentage, consider it good for normal business engagements.

 

REMARKS:

 

Court case record of the Sole Owner:-

Action Date

Case No.

Plaintiff

Defendant

Cause

Amount

Sept. 1994

H9709

Winner King Ltd.

Unisilk Ltd.

Possession

Not stated

 

 

Company name

 

UNISILK  LTD.

(Trading as: ALPINE SILK, AMERSONIC INTERNATIONAL, HONG KONG YATEN, INTEXPORT, LIGHTEX, SUCCESS ENGINEERING and TEXCHEMIE)

 

 

Company ADDRESS

 

Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

10548309-000-05

 

 

COMPANY FILE NUMBER

 

 0169007

 

 

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 09-05-2011)

 

Name

 

No. of shares

Madhur DUGAR

 

122,442

Sajjan DUGAR

 

271,558

 

 

–––––––

 

Total:

394,000

======

 

 

DIRECTORS  

(As per registry dated 09-05-2011)

 

Name

(Nationality)

 

Address

Sajjan DUGAR

A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong Kong.

 

Madhur DUGAR

A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong Kong.

 

 

SECRETARY

(As per registry dated 09-05-2011)

 

Name

Address

Co. No.

Lodestar Secretaries Ltd.

13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong.

0113023




 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.43

UK Pound

1

Rs.71.90

Euro

1

Rs.63.41

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.