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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNI-GLORY MACHINERY
& TECHNOLOGY CO.
LTD. |
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|
|
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Registered Office : |
/o SBC Corporate
Services Ltd. Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui,
Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.01.2008 |
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|
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Com. Reg. No.: |
38824846 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Imported, Exporter and Wholesaler of all kinds of machinery and equipment, chemical fibres, polyester, etc |
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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 |
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
UNI-GLORY MACHINERY
& TECHNOLOGY CO.
LTD.
c/o SBC Corporate
Services Ltd.
Unit 503, 5/F.,
Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 3519 6338
FAX: 3519 6339
Managing
Director: Mr. Wang Yu Zhi
Incorporated on : 7th January, 2008.
Organization : Private Limited Company.
Capital: Nominal : HK$10,000.00
Issued : HK$10,000.00
Business Category : Imported, Exporter and Wholesaler.
Employees : Nil.
Main Dealing Banker : The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation : Satisfactory.
UNI-GLORY MACHINERY
& TECHNOLOGY CO.
LTD.
Registered
Head Office:-
c/o SBC Corporate
Services Ltd.
Unit 503, 5/F.,
Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Associated
Companies:-
Yangzhou Huifeng
Machinery & Equipment Co. Ltd., China.
Yangzhou Huitong
Chemical Co. Ltd., China.
Yangzhou Huitong
Chemical Engineering Technique Co. Ltd., China.
Yangzhou Huitong
Polyester Oversea Co. Ltd., China.
38824846
1201485
Managing
Director: Mr. Wang Yu Zhi
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 07-01-2012)
|
Name |
|
No.
of shares |
|
ZHANG
Rui Liang |
|
3,800 |
|
WANG
Yu Zhi |
|
2,500 |
|
LI Di |
|
3,700 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
(As per registry dated 07-01-2012)
|
Name (Nationality) |
Address |
|
WANG Yu Zhi |
No. 24, Fen Zhuang Xiang, Guangling
District, Yangzhou City, Jiangsu, China. |
|
ZHANG Rui Liang |
No. 545 Weng Chang Zhong Road, Yangzhou
City, Jiangsu, China. (Postal Code: 225009) |
|
LI Di |
Room 503, Building 57, Mei Zhuang Xin Cun,
No. 6 Yang Zi Jiang North Road, Weiyang District, Yangzhou City, Jiangsu,
China. |
(As per registry dated 07-01-2012)
|
Name |
Address |
Co.
No. |
|
SBC
Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road,
Kowloon Bay, Kowloon, Hong Kong. |
0618863 |
The
subject was incorporated on 7th January, 2008 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 : Imported, Exporter and Wholesaler.
Lines : All kinds of machinery and equipment, chemical fibres, polyester, etc.
Employees : Nil.
Commodities Imported : China, etc.
Markets : China, Japan, other 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, Uni-Glory Machinery &
Technology Co. Ltd. is jointly owned by three China merchants, namely, Mr.
Zhang Rui Liang, holding 38% interests; Mr. Wang Yu Zhi, holding 25%; and Mr.
Li Di, 37%. They are also directors of
the subject. Being China merchants, all
three are China ID Card holders and do not have the right to reside in Hong
Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit
503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong
Kong known as SBC Corporate Services Ltd. [SBC] which is handling its
correspondences and documents. Having a
number of branch offices, SBC is also the corporate secretary of the
subject. The subject has no employees in
Hong Kong.
To
our knowledge, the subject has had an associated company in Yangzhou, Jiangsu
Province, China known as Yangzhou Huifeng Machinery & Equipment Co. Ltd.
[Huifeng]. The subject is trading in the
same products of Huifeng.
Business
commenced on 14th September, 2000 and with a registered capital of RMB 1
million Yuan, Huifeng is engaged in manufacturing chemical fibre, machinery and
equipment. Huifeng is operated by Zhang
Rui Liang.
The
subject has had another associated company Yangzhou Huitong Polyester Oversea
Co. Ltd. [HPO] which is also in Yangzhou, Jiangsu Province, China. Another associate Yangzhou Huitong Chemical
Engineering Technique Co. Ltd. [HCET] was founded in 1993. HCET is engaged in manufacturing PET, PBT,
hydrogen peroxide, nylon 66, carbon fibre, etc.
It is also engaged in sewage water treatment.
It
is also likely that the China firms deal with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. The China firms
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 four years.
On
the whole, 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.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 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.