MIRA INFORM REPORT

 

 

Report Date :           

01.11.2011

 

IDENTIFICATION DETAILS

 

Name :

CYKLOP  HONG  KONG  LTD.

 

 

Formerly Known As :

Smart Talent (Hong Kong) Ltd

 

 

Registered Office :

Unit 8, 23/F., CCT Telecom Building, 11 Wo Shing Street, Fotan, Shatin, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

04.07.2001

 

 

Com. Reg. No.:

31923023

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Manufacturer of all kinds of packaging materials, 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

 

Maximum Credit Limit :

US$400,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

CYKLOP  HONG  KONG  LTD.

 

 

Company ADDRESS

 

Unit 8, 23/F., CCT Telecom Building, 11 Wo Shing Street, Fotan, Shatin, New Territories, Hong Kong.

PHONE:            2994 6900

FAX:                 2793 1077

E-MAIL:            info@hk.cyklop-asia.com

 

 

MANAGEMENT

 

Managing Director:  Mr.  Ngo Chi Chiu

 

 

SUMMARY

 

Incorporated on:             4th July, 2001.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$1,000,000.00

Issued:              HK$300,000.00

 

Business Category:        Importer, Exporter and Manufacturer.

 

Employees:                   5.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Office:-

Unit 8, 23/F., CCT Telecom Building, 11 Wo Shing Street, Fotan, Shatin, New Territories, Hong Kong.

 

Holding Company:-

Cyklop Asia Ltd., British Virgin Islands.

 

Associated Companies:-

·         Cyklop GmbH, Germany.

·         Cyklop International GmbH, Germany.

·         Cyklop Nederland BV, Netherlands.

·         Cyklopack Spol s.r.o., Czech Republic.

·         Cyklop AB, Sweden.

·         Cyklop UK Ltd., UK.

·         Cyklop S.r.l., Italy.

·         Cyklop do Brazil Embalagens S/A, Brazil.

·         Cyklop Strapesa S.A., Spain.

·         Cyklop Austria GmbH, Austria.

·         Cyklop Belgium N.V., Belgium.

·         Cyklop Emballering A/S, Denmark.

·         Oy Cyklop AB, Finland.

·         Cyklop France SARL, France.

·         Cyklop Packaging Trading (Shanghai) Co. Ltd., China.

·         Cyklop Packaging Systems (India) Pvt. Ltd., India.

·         Cyklop Packaging (Thailand) Ltd., Thailand.

·         Cyklop Manufacturing (Thailand) Ltd., Thailand.

·         Cyklop Straps Ltd., Thailand.

 

 

BUSINESS REGISTRATION NUMBER

 

31923023

 

 

COMPANY FILE NUMBER

 

0762225

 

 

MANAGEMENT

 

Managing Director:         Mr.  Ngo Chi Chiu

Contact Person:             Mr. Darren Chow Wing Tat

 

CAPITAL

 

Nominal Share Capital:  HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$300,000.00

 

 

SHAREHOLDERS

(As per registry dated 04-07-2011)

 

            Name

 

No. of shares

Cyklop Asia Ltd.

Pasea Estate, Road Town, Tortola, British Virgin Islands.

 

299,999

Cyklop Packaging Singapore Pte. Ltd.

18 Boon Lay Way, #03-129 TradeHub 21, S609966 Singapore.

 

1

 

 

–––––––

 

Total:

300,000

======

 

 

DIRECTORS  

(As per registry dated 04-07-2011)

 

         Name

   (Nationality)

 

Address

NGO Chi Chiu

Flat 05, 26/F., Tower C, Galaxia, 3 Lung Poon Street, Diamond Hill, Kowloon, Hong Kong.

 

Jean-Charles, Bernard Marie POILLEUX

 

6, route de Mareil, F-78124 Montainville, France.

Bharat Bhushan KAPUR

23 Hume Avenue #04-05, Singapore 598729, Singapore.

 

 

SECRETARY 

(As per registry dated 04-07-2011)

 

Name

Address

Co. No.

Hotex Company Secretary Ltd.

Room 2707, 27/F., Shui On Centre, 6‑8 Harbour Road, Wanchai, Hong Kong.

0401167

 

HISTORY

 

The subject was incorporated on 4th July, 2001 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Smart Talent (Hong Kong) Ltd., name changed to the present style on 20th July, 2001.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Manufacturer.

 

Lines:                           All kinds of packaging materials, etc.

 

Employees:                   5.

 

Commodities Imported:   Europe, China, other Asian countries, etc.

 

Markets:                       China, other Asian countries, Europe, North America, etc.

 

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

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$300,000.00

 

Mortgage or Charge:       (See attachment)

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making 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:                      Good.

 

 

Maximum Credit Limit

 

Good for credit of US$400,000 or less.

 

 

GENERAL

Cyklop Hong Kong Ltd. is a wholly-owned subsidiary of Cyklop Asia Ltd. which is a BVI-registered firm.  The subject is one of the members of the Cyklop Group [Cyklop] of companies.

The subject and Cyklop are trading in all kinds of packaging materials and systems.  The followings are the main products of the subject and the Group:

·         Plastic strapping system: Tools, equipment and accessories

·         Steel strapping system: Hand tools and automatic equipment

·         Stretch film wrapping system: Semi-auto to fully-auto wrapper

·         Specialty system: For paper, beverage, electronic, timber, etc. industries

·         Packaging materials: PP/ PET/ STEEL strap, film, tape, air bag, etc.

Most of the products bear the brand name Cyklop.

In May 2002, the subject set up an office in Shanghai and in late 2004, set up an office in Guangzhou, Guangdong Province, China.

The subject has had an associated company Cyklop Packaging Trading (Shanghai) Co. Ltd. [Shanghai Cyklop] in Shanghai, China.  This firm is a wholly-owned subsidiary of Cyklop Int’l, Germany, one of the world’s largest packaging companies.  Cyklop is a multi-national packaging specialist with over 90 years of experience in the research and development, production, sales and marketing and service of the packaging equipment and materials.  It has had an experienced service team who provides professional after sales service to customers.

Founded in 1912, Cyklop is a Germany-based firm.  Cologne, Germany is also the headquarters of the Group.  Now, the Group has set up offices in the Netherlands, Sweden, the United Kingdom, Czech Republic, Italy, Brazil, Spain, Austria, Belgium, Denmark, Finland, France, India, Thailand, etc.  The Group now has branches, production plants and agencies in over 50 countries of the world.  The total employees are over 1,100.

Cyklop Manufacturing (Thailand) Ltd. is one of the main production bases of the Group.  The other plants are in Spain, Italy, Sweden, Brazil and the Netherlands.

The subject is fully supported by the Group.

As the history of the subject is over ten years and three months in Hong Kong, on the whole, consider it good for normal business engagements.

MORTGAGE OR CHARGE

 

Date

Particulars

Amount

06-10-2005

Instrument:      Debenture constituting a fixed and/or floating Charge over all the assets of the company

Property:

(a)  by way of first fixed charge:

(i)      all chattels as at the date of the Debenture or at any time thereafter belonging to the Company

(ii)      all book debts and other debts and monetary claims

(iii)     any credit balance on any account of the Company

(iv)     all goodwill and uncalled capital for the time being of the Company

(v)      all stocks shares debentures bonds loan capital and other securities

(vi)     all letters patent trademarks service marks designs utility models copyrights design rights and applications

(vii)    all present and future contracts or policies of insurance and all rights and claims to which the Company

(viii)    save to the extent charged

(b)  by way of floating charge all the undertaking of the Company and all its property whatsoever and wheresoever both present and future

Mortgagee:      The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

All monies and liabilities

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.87

UK Pound

1

Rs.78.11

Euro

1

Rs.68.36

 

 

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.