MIRA
INFORM REPORT
|
Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
HOLILA HOLDINGS GROUP LTD. |
|
|
|
|
Registered Office : |
Unit 12, 13/F., New Commerce Center, 19 On Sum Street, Shatin, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
14.06.2005 |
|
|
|
|
Com. Reg. No.: |
35735604 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF MOBILE PHONE WITH TV,
PORTABLE DVD PLAYER, PORTABLE DIGITAL ANALOGUE TV, ETC. |
RATING & COMMENTS
|
MIRAs 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 : |
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 30, 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 and address
HOLILA HOLDINGS
GROUP LTD.
ADDRESS: Unit 12, 13/F., New Commerce
Center, 19 On Sum Street, Shatin, New Territories, Hong Kong.
PHONE: 2735 0622
FAX: 2735 0122
MANAGEMENT
Managing Director: Mr. He
Shaocong
SUMMARY
Incorporated on: 14th
June, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$30,000,000.00
Issued: HK$30,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: Quite large amount.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Unit 12, 13/F., New Commerce Center, 19 On Sum Street, Shatin,
New Territories, Hong Kong.
Associated Companies:-
Holila (H.K.) Development Ltd., Hong Kong. [Dissolved]
Sen Yang Electric Science & Technology (Shenzhen) Co. Ltd., China.
BUSINESS REGISTRATION NUMBER
35735604
COMPANY FILE NUMBER
0977188
MANAGEMENT
Managing Director: Mr. He
Shaocong
Contact Person: Mr. Ho Wai Pan
CAPITAL
Nominal Share Capital: HK$30,000,000.00 (Divided into 30,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
SHAREHOLDERS
(As per registry dated 14-06-2011)
|
Name |
Occupation |
No. of shares |
|
HE Shaocong |
Merchant |
16,500,000 |
|
LIN Chu Wen |
Merchant |
13,500,000 |
|
|
|
|
|
|
Total: |
30,000,000 ======== |
DIRECTORS
(As per registry dated 14-06-2011)
|
Name (Nationality) |
Address |
|
HE Shaocong |
Room 801, No. 1 House No. 15 Luyuan Road, Guangzhou, China. |
|
LIN Chu Wen |
Marine Lives Industrial Park, Hengnan Road, Gushu Xixiang Broan,
Shenzhen, China. |
SECRETARY
(As per registry dated 14-06-2011)
|
Name |
Address |
|
PANG Kam Lin |
12/F., Room 01, Block B, Hong Kong Industrial Centre, 489-491, Castle
Peak Road, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated on 14th June, 2005 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 Wholesaler.
Lines: Mobile
phone with TV, portable DVD player, portable digital analogue TV, etc.
Employees: 6.
Commodities Imported: China, other Asian countries, etc.
Markets: China,
other Asian countries, Middle East, Europe, etc.
Annual Turnover: Quite large amount.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C, T/T, D/P,
etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$30,000,000.00 (Divided into 30,000,000
shares of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
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:
Normal.
GENERAL
Having issued 30 million ordinary shares of HK$1.00 each, Holila Holding
Group Ltd. is jointly owned by Mr. He Shaocong, holding 55% interests;
Mr. Lin Chu Wen, holding 45%. Being
China merchants, they are also directors of the subject. Currently they are residing in China.
The subject had an associated company Holila (H.K.) Development Ltd.
which was incorporated on 11th July, 2003.
Located at the operating address of the subject, Holila (H.K.)
Development was dissolved by deregistration on 12th March, 2010. This firm was engaged in the same lines of
business as the subject.
The subject is engaged in manufacturing and marketing electronic and
electric appliances. In China it has got
a subsidiary factory Sen Yang Electric Science & Technology (Shenzhen) Co.
Ltd. [Sen Yang] which is in Shenzhen Special Economic Zone, China.
The subject is a large scaled electronics
enterprise that specialized in the research, development and marketing of
various DPF, LED-TV, Mobilephone, DVD, Potable DVD, Car DVD, DVB-T, Acoustic
Unity and Multi-video display speaker.
Most of the products bear the trade mark of Citycall,
Kimcell and SKTEL. The
first trade mark has been registered with Hong Kong SAR Government since 7th
December, 2009. The expiry date is 6th
December, 2019.
Sen Yang has a site area of 30, 000
sq.m. and has about 2,000 employees.
It also has established the following factories: Precision Die
& Mould Factory, Plastic Injection Factory, Surface Painting &
Decoration Factory, SMT Adhesive Sheet Factory, Acoustic Speaker Factory, DPF,
LED-TV, Mobilephone, DVD Assembly Factories and other Management
Departments. Sen Yang has been ISO9000
and ISO 14001 certified.
Sen Yang is administered by Lin Chu Wen who is
a shareholder of the subject.
Most of the products are exported to North America, South America,
Eastern Europe, Africa, Oceania, the Middle East, Western Europe,
Asian countries, etc. Business is
rather active.
The contact person of the subject in Hong Kong is Mr. Ho Wai Pan. History in Hong Kong is over six years
and four months.
Annual sales turnover of the subject is very significant.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
|
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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 SCs 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.