MIRA INFORM
REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
HONG
KONG RFID LTD. |
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Registered Office : |
Room 2512, 25/F., Langham Place Office Tower, 8 Argyle Street, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.12.2004 |
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Com. Reg. No.: |
35211531 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Project Contractor of all kinds of RFID hardware, etc. |
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 : |
Small Company |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
company name
HONG KONG
RFID LTD.
Company ADDRESS
Unit 209, Lakeside 1, 8 Science Park West Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong.
PHONE: 2165 4708
FAX: 3007 1901
E-MAIL: info@hk-rfid.com
sales@hk-rfid.com
mike@rfid.hk
MANAGEMENT
Managing Director: Mr. Fung Sui Hei, Mike
SUMMARY
Incorporated on: 22nd December, 2004.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Project Contractor.
Employees: 10.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered
Office:-
Room 2512, 25/F., Langham Place Office Tower, 8 Argyle Street, Kowloon, Hong Kong.
Head Office:-
Unit 209, Lakeside 1, 8 Science Park West Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong.
BUSINESS REGISTRATION NUMBER
35211531
COMPANY FILE NUMBER
0941488
MANAGEMENT
Managing Director: Mr. Fung Sui Hei, Mike
CAPITAL
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
SHAREHOLDERS
(As per registry dated 22-12-2010)
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Name |
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No. of shares |
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FUNG Sui Hei, Mike |
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20,000 |
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JO Chun Wah, Craig |
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20,000 |
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TAI Chun Fung, Francis |
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20,000 |
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CHUI Lok Sum, Rod |
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20,000 |
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WAN Cho Kwan, Kevin |
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20,000 |
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––––––– |
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Total: |
100,000 ====== |
DIRECTORS
(As per registry dated 22-12-2010)
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Name (Nationality) |
Address |
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FUNG Sui Hei |
Flat 3B, Tower 2, June Garden, Tai Kok Tsui, Kowloon, Hong Kong. |
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JO Chun Wah |
Flat H, 23/F., Block One, Richland Gardens, Kowloon Bay, Kowloon, Hong Kong. |
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TAI Chun Fung |
3/F., D6, Connie Towers, 147 Hong Ning Road, Kwun Tong, Kowloon, Hong Kong. |
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CHUI Lok Sum, Rod |
D2, 7/F., Plover Cove Garden, Tai Po, New Territories, Hong Kong. |
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WAN Cho Kwan, Kevin |
Room 2615, Ting Fuk House, On Ting Estate, Tuen Mun, New Territories, Hong Kong. |
SECRETARY
FUNG Sui Hei (As per registry dated 22-12-2010)
HISTORY
The subject was incorporated on 22nd December, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the operating address of the subject was located at Unit 207A, 2/F., Building 9, 5 Science Park West Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, moved to the present address in early 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Project Contractor.
Lines: All kinds of RFID hardware, etc.
Employees: 10.
Materials/Commodities: Imports raw materials from European countries, some Asian countries and finished
products from China.
Markets: Hong Kong, China, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather 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: Normal.
GENERAL
Having issued 100,000 ordinary shares of HK$1.00 each, Hong Kong RFID Ltd. is equally owned by five Hong Kong businessmen. They are also directors of the subject.
Incorporated in December 2004, the subject is a leading RFID hardware manufacturer, distributor and consultancy firm in Hong Kong and the South China Region. Being the hub of a wide variety of RFID equipment, the subject owns strong factory production lines and R&D expertise specialized in providing innovative and customized RFID solutions to worldwide organizations and responding effectively to the unique needs of clients.
RFID refers to “Radio frequency identification”. It refers to the technologies that made use of radio frequency transmission to identify people or objects automatically. An RFID reader can simultaneously capture all raw data stored in each RFID transponders (or tags) within the reading range. In spite of its wide application in the automobile assembly industry, not until recently years, RFID has been widely recognized technology to be use in enhancing efficiencies across the warehouse management and the supply chain network because RF tags can store data and modify the value by wireless.
The subject is one of the pioneers in “EPC standard” in Hong Kong. In 2005, the subject became a member company of “Incu-Tech Programme, Hong Kong Science and Technology Park”. The membership shows the subject’s fast movement to drive the RFID development forward with innovative and all-rounded solutions.
In 2005, the subject developed “mini-tags” for jewellery retailers. Chow Sang Sang Jewelry has become one of its clients.
The founders of the subject have got master degrees and have graduated from related faculties in various industries including information technology, electronics, manufacturing, and logistics. Being university researchers, they are cooperating with different local universities in order to enhance their research and development projects.
The followings are the subject’s main products:-
· UHF RFID
· HF RFID
· LF RFID
· Smart Card
· EAS
The subject provides customer-oriented RFID equipment and meet clients’ requirements with flexible and effective solutions.
The followings are the main clients of the subject:-
Academic
· The University of Hong Kong
· The Hong Kong University of Science and Technology
· The Hong Kong Polytechnic University
· City University of Hong Kong
· Singapore Polytechnic
Private
Sector
· MTR Corporation
· New World First Bus
· Sylva Industries Ltd. — GoldPeak Group
· eSmart System Inc. — Cheung Kong Group
Government
· Hong Kong Trade Development Council
· The Office of Government Chief Information Officer, HKSAR
· Hong Kong Productivity Council
· The Office of Government Chief Information Officer, HKSAR
One of the missions of the subject is to promote RFID technology in various usages in different industries. Besides, in the years ahead, the subject continually develops itself to stay on the cutting edge of RFID technology.
According to the subject, it has no local competitors because local firms involved in RFID business are doing re-selling and system integration.
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
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UK Pound |
1 |
Rs.73.43 |
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Euro |
1 |
Rs.65.27 |
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.