MIRA
INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MAX SPRINGS MACHINERY MANUFACTURING CO. LTD. |
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Registered Office : |
Unit 12, 8/F., Vanta Industrial Centre, 21-23 Tai Lin Pai Road, Kwai Chung, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.06.1999 |
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Com. Reg. No.: |
30240393 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Manufacturer of all kinds of precision springs, shafts and wire products, 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 : |
Satisfactory |
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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 |
Company and address
MAX SPRINGS MACHINERY
MANUFACTURING CO. LTD.
ADDRESS:
Unit 12, 8/F., Vanta Industrial Centre, 21-23 Tai Lin Pai Road, Kwai
Chung, New Territories, Hong Kong.
PHONE: 2422 0123
FAX: 2424 9998
E-MAIL: sales@sam-tat.com
MANAGEMENT
Managing Director: Mr. Mak Chi Ip
SUMMARY
Incorporated on: 30th
June, 1999.
Organization: Private
Limited Company.
Capital: Nominal: HK$500,000.00
Issued: HK$500,000.00
Business Category: Importer, Exporter and Manufacturer.
Employees:
12. (Hong Kong)
Main Dealing Banker: Shanghai Commercial Bank Ltd., Hong Kong.
Banking Relation: Good.
ADDRESS
Registered Head Office:-
Unit 12, 8/F., Vanta Industrial Centre, 21-23 Tai Lin Pai Road,
Kwai Chung, New Territories, Hong Kong.
Holding Company:-
Hanvic Corporate Services Ltd., Hong Kong.
Associated Factory in China:-
Dongguan Sam Tat Precision Springs Manufacturing Co. Ltd.
Jiujiangshui Dongshen Highway, Changping Town, Dongguan City, Guangdong
Province, China.
[Tel: 769-8339 1690; Fax:
769-8339 1115]
Associated Companies:-
Sam Tat Precision Springs Manufacturing Co. Ltd., Hong Kong. (Same address)
Sam Tat Holdings Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
30240393
COMPANY FILE NUMBER
0680478
MANAGEMENT
Managing Director: Mr. Mak Chi Ip
CAPITAL
Nominal Share Capital: HK$500,000.00 (Divided into 500,000 shares of
HK$1.00 each)
Issued Share Capital: HK$500,000.00
SHAREHOLDERS
(As per registry dated 30-06-2011)
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Name |
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No. of shares |
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Hanvic Corporate Services Ltd., Hong Kong. |
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250,000 |
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MAK Siu Ling |
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50,000 |
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MAK Chi Wah |
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50,000 |
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MAK Chi Chung |
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50,000 |
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MAK Chi Ip |
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50,000 |
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MAK Chi Ho, Leo |
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50,000 |
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–––––– |
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Total: |
500,000 ====== |
DIRECTORS
(As per registry dated 30-06-2011)
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Name (Nationality) |
Address |
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MAK Chi Ho, Leo |
D.D. 399, Lot 437, Castle Peak Road, D1, Ting Kau Villa,
3/F., New Territories, Hong Kong. |
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MAK Chi Wah |
D.D. 399, Lot 437, Castle Peak Road, D1, Ting Kau Villa,
3/F., New Territories, Hong Kong. |
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MAK Chi Ip |
D.D. 399, Lot 437, Castle Peak Road, D1, Ting Kau Villa,
3/F., New Territories, Hong Kong. |
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MAK Chi Chung |
D.D. 399, Lot 437, Castle Peak Road, D1, Ting Kau Villa,
3/F., New Territories, Hong Kong. |
SECRETARY
MAK Chi Ho (As per registry dated
30-06-2011)
HISTORY
The subject was incorporated on 30th June, 1999 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: Importer,
Exporter and Manufacturer.
Lines: All
kinds of precision springs, shafts and wire products, etc.
Employees: 12. (Hong Kong)
250. (China)
Commodities Imported: India, other Asian countries, Russia, etc.
Markets: China,
US, Hong Kong, other Asian countries, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
FINANCIAL INFORMATION
Nominal Share Capital: HK$500,000.00 (Divided into 500,000 shares of
HK$1.00 each)
Issued Share Capital: HK$500,000.00
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:
Shanghai Commercial
Bank Ltd., Hong Kong.
Standing:
Good.
GENERAL
Max Springs Machinery Manufacturing Co. Ltd. is a subsidiary company of
Hanvic Corporate Services Ltd. which is a Hong Kong-registered firm.
The subject in fact is owned by the Mak family.
The subject is a spring manufacturer and trader. Its associated company Sam Tat Precision
Springs Manufacturing Co. Ltd. [Sam Tat] was founded in 1963. Sam Tat and the subject are engaged in the
same lines of business and located at the same operating address.
Sam Tat is specialized in manufacturing precision springs, shafts and
wire products. Its products are used in
almost all kinds of industries in Hong Kong, China and overseas.
Having more than 40 years experience and using the best materials,
CNC machinery and equipment, testing machinery and equipment, Sam Tat has
been constantly producing quality products to meet the demand of its
customers. Its associated factory is in
Changping Town, Dongguan City, Guangdong Province, China known as Dongguan Sam
Tat Precision Springs Manufacturing Co. Ltd. [Dongguan Sam Tat] which has been
ISO 9001 certified.
The factory area of Dongguan Sam Tat cover more than 1,000 sq.m. and
employing about 250 person. Annual sales
turnover ranges from RMB10 to 20 million Yuan.
The legal representative of Dongguan Sam Tat is Mr. Mak Chi Ip.
The subject’s products are exported to the United States, Canada, Japan,
other Asian countries, Europe, etc.
Business is rather active.
The subject is fully supported by Sam Tat and the Mak family. History in Hong Kong is over twelve years and
three months.
On the whole, consider it good for normal business engagements.
MORTGAGE OR CHARGE
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Date |
Particulars |
Amount |
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31-08-2006 |
Instrument: Mortgage Property: 5/11,816th parts or shares of and in The Remaining Portion of Lot No.
696 in Demarcation District No. 445, (All That Lorry Parking Space No. L29 on
1/F. of Vanta Industrial Centre, 21-23 Tai Lin Pai Road, Kwai Chung, New
Territories, Hong Kong.) Mortgagee: Shanghai Commercial Bank Ltd.,
Hong Kong. |
To secure “all monies” in respect of general banking facilities |
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18-09-2006 |
Instrument: Mortgage Property: 30/11,816th parts or shares of and in The Remaining Portion of Lot No.
696 in Demarcation District No. 445, (All That Factory Unit No. 12 on 8/F. of
Vanta Industrial Centre, 21-23 Tai Lin Pai Road, Kwai Chung, New
Territories, Hong Kong.) Mortgagee: Shanghai Commercial Bank Ltd.,
Hong Kong. |
To secure “all monies” in respect of general banking facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.03 |
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|
1 |
Rs.76.60 |
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Euro |
1 |
Rs.66.80 |
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.