MIRA INFORM REPORT

 

 

Report Date :           

01.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TEETEE  MACHINERY  (H.K.)  LTD.

 

 

Registered Office :

c/o Hong Kong Secretarial Ltd., Unit 826-827, 8/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

01.02.2005

 

 

Com. Reg. No.:

35319947

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer and Exporter of all kinds of plastic injection moulding machines

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

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

 

TEETEE  MACHINERY  (H.K.)  LTD.

 

 

Company ADDRESS

 

c/o Hong Kong Secretarial Ltd.

Unit 826-827, 8/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:                        2730 2999

FAX:                 2527 1068

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Guoyong

 

 

SUMMARY

 

Incorporated on:             1st February, 2005.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Machinery Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Hong Kong Secretarial Ltd.

Unit 826-827, 8/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

 

Associated Company:-

Ningbo Rocee Machinery Co. Ltd.

77 Yufan East Road, Zhenhai District, Ningbo City, Zhejiang Province, China.

[Tel: 86-574-2626 6880;  Fax: 86-574-2626 6892]

 

 

BUSINESS REGISTRATION NUMBER

 

35319947

 

 

COMPANY FILE NUMBER

 

0949654

 

 

MANAGEMENt

 

Managing Director:  Mr. Chen Guoyong

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000.00

 

 

SHAREHOLDER

(As per registry dated 01-02-2011)

 

Name

 

No. of shares

CHEN Guoyong

 

10,000

=====

 

DIRECTOR    

(As per registry dated 01-02-2011)

 

Name

(Nationality)

 

Address

CHEN Guoyong

Room 302, No. 83, Lane 128, Beiliu Street, Ningbo, Zhejiang, China.

 

 

SECRETARY

(As per registry dated 01-02-2011)

 

Name

Address

Co. No.

Hong Kong Secretarial Ltd.

Unit 826, 8/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

0850271

 

 

HISTORY

 

The subject was incorporated on 1st February, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating address.  Formerly the subject’s registered address was located at Unit 1021, 10/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong, moved to Unit 826-827, 8/F. of the same building in January 2011.

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

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of plastic injection moulding machines.

 

Brand Name:                 MATHMAN.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, etc.

 

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

 

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

 

Terms/Buying:               L/C, etc.

 

 

FINANCIAL INFORMATION

 

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.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Teetee Machinery (H.K.) Ltd. is wholly owned by Mr. Chen Guoyong who is a China merchant.  He is a China passport holder and does not have the right to reside in Hong Kong permanently.  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 826-827, 8/F., Ocean Centre, Harbour City, 5 Canton Road, Tsimshatsui, Kowloon, Hong Kong known as Hong Kong Secretarial Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

The subject has got an associated company in Ningbo City, Zhejiang Province, China which is also operated by Mr. Chen Guoyong known as Ningbo Rocee Machinery Co. Ltd. [Rocee].  Your given phone number 86‑574-2626 6880 and fax number 86-574-2626 6892 belong to this firm.

Rocee is engaged in manufacturing moulding machines bearing the brand name “MATHMAN”.  Rocee is a partner of the MATHMAN Group.  “MATHMAN” brand vertical plastic injection moulding machine and PET blow moulding machine is manufactured by Rocee under license from MATHMAN Group.  Based on technology from MATHMAN Group, Rocee now is one of the vertical plastic injection moulding solution and PET blow moulding solution suppliers in China.  Rocee can supply vertical (insert) plastic injection moulding machine from 25t to 250t and automation systems, and five models of PET blow moulding machines.

Now “MATHMAN” vertical plastic injection moulding machine is one of the best brands in China, and MATHMAN’s PET blow moulding machine is the best PET solution for small to middle scale PET bottle business in the world.

“MATHMAN” vertical (insert) plastic injection moulding machines include MPT series (vertical clamping system + vertical injection system), MPK series (vertical clamping + horizontal injection system) and MPC series (tie‑bar less vertical clamping + horizontal injection system) 3 series vertical injection moulding machines.

Besides all the mentioned above, Rocee also supplies special technology for vertical injection moulding solutions such as:-

·         BMC injection

·         Bakelite injection

·         Multicolour, multi material injection

·         LSR injection

·         In mould labelling injection

·         PFA injection

·         Automatic golf system

Most of the products are marketed in China, exported to Germany, other European countries, India, other Asian countries, North America, etc.

It is likely that Rocee deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Rocee also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active.  History in Hong Kong is over seven 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 secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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.