MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
EVER
CENTURY INVESTMENTS LTD. |
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Registered Office : |
c/o Top Executive Management Co. Ltd., Unit 102, 1/F., Righteous Centre, 585 Nathan Road, Mongkok, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.09.2009 |
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Com. Reg. No.: |
51546465 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of lottery systems, gaming 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 : |
Usually Correct |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 name
EVER CENTURY
INVESTMENTS LTD.
Company ADDRESS
c/o China LotSynergy Holdings Ltd.
Room 3308, Office Tower, Convention Plaza, Harbour Road, Wanchai, Hong Kong.
PHONE: 2586 8622
FAX: 2136 6608
MANAGEMENT
Managing Director: Mr. Cheng Lai Pan
SUMMARY
Incorporated on: 30th September, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$5,000.00
Business Category: Importer and Exporter.
Employees: 12. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Office:-
c/o Top Executive Management Co. Ltd.
Unit 102, 1/F., Righteous Centre, 585 Nathan Road, Mongkok, Kowloon, Hong Kong.
Head Office:-
c/o China LotSynergy Holdings Ltd.
Room 3308, Office Tower, Convention Plaza, Harbour Road, Wanchai, Hong Kong.
Holding Company:-
Mulia International Ltd., Hong Kong.
Associated Company:-
China LotSynergy Holdings Ltd., Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
51546465
COMPANY FILE NUMBER
1377950
MANAGEMENT
Managing Director: Mr. Cheng Lai Pan
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000.00
SHAREHOLDERS
(As per registry
dated 30-09-2010)
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Name |
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No.
of shares |
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Mulia International Ltd., Hong Kong. |
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5,000 |
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––––– |
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Total: |
5,000 ==== |
DIRECTOR
(As per registry
dated 30-09-2010)
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Name (Nationality) |
Address |
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CHENG Lai Pan |
Unit 102, 1/F., Righteous Centre, 585
Nathan Road, Mongkok, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 30-09-2010)
|
Name |
Address |
Co.
No. |
|
Top
Executive Management Co. Ltd. |
1/F., Righteous Centre, 585 Nathan Road, Mongkok, Kowloon, Hong Kong. |
0396723 |
HISTORY
The
subject was incorporated on 30th September, 2009 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 and Exporter.
Lines: All kinds of lottery systems, gaming products, etc.
Employees: 12. (Including associates)
Commodities Imported: Europe, US, etc.
Markets: China, Hong Kong, Macau, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000.00
Alternation of Capital:-
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30-09-2009 |
paid up |
HK$ 1.00 |
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15-12-2009 |
paid up |
HK$ 4,999.00 |
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–––––––––––– |
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Total: |
paid up |
HK$ 5,000.00 ========== |
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.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
· Hang Seng Bank Ltd., Hong Kong.
Standing: Normal.
GENERAL
Ever
Century Investments Ltd. is a wholly-owned subsidiary of Mulia International
Ltd. which is a Hong Kong-registered firm.
The
director of the subject Mr. Cheng Lai Pan is a Hong Kong merchant. The subject in fact is an associated
company of China LotSynergy Holdings Ltd. [LotSynergy/Group]. The subject is using the operating address of
the Group as its registered address.
LotSynergy
is a listed firm in Hong Kong.
The
Group is engaged in the
provision of technology and service for lottery systems, terminal equipment,
game products and marketing operation to the public welfare lottery industry in
China. The subject is engaged in the
same lines of business, more or less.
The subject provides the other countries, apart from China, with similar
services and products.
The
principal businesses of the Group cover video lottery, traditional computer
ticket game (CTG) including high frequency lottery, and new media lottery.
Through professional and effective operational management coupled with
technical competencies, the Group has developed comprehensive capability for
sustainable development.
For 2010, the Group recorded operating revenue
of HK$282.6 million, generating profit attributable to equity holders of
HK$152.3 million as compared with the loss of HK$81.6 million for 2009. While achieving good results in the year, the
Group has further improved its business structure. With ongoing efforts to strengthen its
existing businesses, the Group has become an integrated technology and service
provider for all types of lottery products covering hardware and software,
lottery system research and development and client-end functionality design, as
well as sales and operation management. In only one year following the
promulgation of the first lottery regulation in July 2009, the Ministry of
Finance (MOF) of the PRC announced the provisional regulations on sales of
lottery via telephone and the Internet in October 2010, marking the embarkation
of lottery on a new era taking advantage of new media development coupled with
increased domestic spending. As a dedicated, practical and innovative lottery
technology company, China LotSynergy has been well positioned to meet and
capture lottery opportunities in the new era with technical and business
development capabilities.
Maintaining
a strong growth, total lottery sales of the Group (Welfare and Sport combined)
in China in the first half of 2011 has exceeded RMB101.1 billion, representing
a 31% increase over the same period in 2010.
The
Group delivered outstanding results in different segments of its lottery
business. The sales of video lottery
game continue to deliver strong growth while its operational management level
has improved at the same time. The CTG
business continues to outperform industry average for an extensive period of
time, with its products and services continuing to gain more industry
recognition. The payout ratio of its
high frequency game, KENO, is expected to increase, providing a strong momentum
moving forward. On new media lottery,
the Group has continued to maintain a strong relationship with different
leading companies in the field and become a leading player in the new media
lottery sector. Prospects for the new
media lottery business are widely optimistic.
As at
30th June, 2011, the Group employed 319 staff (2010: 310).
The
subject is fully supported by the Group.
On
the whole, since the history of the subject is short, consider it good for
normal credit requirements on L/C basis for the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.29 |
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.