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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
UNITED WISE
TECH GROUP LTD. |
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Registered Office : |
c/o Fu Wah Int’l
Business (HK) Ltd. Unit 04, 7/F., |
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Country : |
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Date of Incorporation : |
12.03.2010 |
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Com. Reg. No.: |
51915484 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Manufacturer, Importer and Exporter of
High-performance fibre -optic transceiver modules and photonic components,
etc. |
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No. of Employees : |
Not Available |
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 : |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
|
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 |
UNITED WISE
TECH GROUP LTD.
c/o Fu Wah Int’l
Business (HK) Ltd.
Unit 04, 7/F.,
Bright Way Tower, 33 Mong Kok Road, Mongkok, Kowloon, Hong Kong.
PHONE: 2389 2981
FAX: 3590 2333
E-MAIL: hkuwtg@hkuwtg.com
Managing
Director: Mr. Tong Sek Kwong (Mobile: 6060 1283)
Incorporated on: 12th March, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Manufacturer, Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
UNITED WISE
TECH GROUP LTD.
Registered
Head Office:-
c/o Fu Wah Int’l
Business (HK) Ltd.
Unit 04, 7/F.,
Bright Way Tower, 33 Mong Kok Road, Mongkok, Kowloon, Hong Kong.
Associated
Company:-
Hong Kong United
Wise Group Ltd., non-Hong Kong company.
51915484
1429844
Managing
Director: Mr. Tong Sek Kwong
Nominal Share Capital:
HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
(As per registry dated 12-03-2012)
|
Name |
|
No.
of shares |
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TONG Sek Kwong |
|
10,000 ===== |
(As per registry dated 12-03-2012)
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Name (Nationality) |
Address |
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TONG Sek Kwong |
Unit 04, 7/F., Bright Way Tower, 33 Mong
Kok Road, Mongkok, Kowloon, Hong Kong. |
(As per registry dated 12-03-2012)
|
Name |
Address |
Co.
No. |
|
Fu Wah
Int’l Business (HK) Ltd. |
Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Mongkok, Kowloon,
Hong Kong. |
1205540 |
The
subject was incorporated on 12th March, 2010 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.
Activities: Manufacturer,
Importer and Exporter.
Lines: High-performance
fibre -optic transceiver modules and photonic components, etc.
Employees: Nil.
Raw Materials Imported from China, etc.
Markets: Asian
countries, Europe, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly 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: Small.
Having
issued 10,000 ordinary shares of HK$1.00 each, United Wise Tech Group Ltd. is
wholly owned by Mr. Tong Sek Kwong who is a Hong Kong merchant. He is also the only director of the subject.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit
04, 7/F., Bright Way Tower, 33 Mong Kok Road, Mongkok, Kowloon, Hong Kong
known as Fu Wah Int’l Business (HK) Ltd. which is handling its correspondences
and documents. This firm is also the
corporate secretary of the subject.
The
subject has had an associated company Hong Kong United Wise Group Ltd. located
at the above-mentioned address. However,
this firm, also operated by Tong, has not registered in Hong Kong.
The
subject has no employees in Hong Kong.
Given
phone number 852-6060 1283 is a mobile phone number belongs to Tong. Given fax number 852-3590 2333 belongs to a
secretarial firm in Hong Kong. The
subject is using the fax number of a secretarial firm as its fax number.
According
to the subject, it is specialized in providing high-performance fibre-optic
transceiver modules and photonic components for network users and fibre -optic
communication equipment manufacturers.
At present, the subject has XFP, X2, XENPAK, SFP+, SFP, DWDM, CWDM,
GBIC, 1 * 9 series optical modules and production line, which are wide used in
Ethernet, SDH / SONET, data storage (SAN), video surveillance, etc.
According
to the subject, its products have got the ISO 9000 certification. The subject has exported its products to
Europe, the United States, some of the Asian countries, etc., more than 20
countries and regions. The subject’s
associated factory seems to be in Zhanjiang City, Guangdong Province, China.
The
subject’s business in Hong Kong is chiefly handled by Tong himself. History is just over two years.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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 |
|
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.