MIRA
INFORM REPORT
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Report Date : |
06.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HUI JI ENTERPRISE LTD. |
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Registered Office : |
Room 1012, 10/F., Kodak House 2, 321 Java Road / 39 Healthy Street East, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.10.2007 |
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Com. Reg. No.: |
38521410 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Manufacturer, Importer and Exporter of DVD player, portable LCD/DVD player, etc. |
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No. of Employees : |
12. (Including associate in Hong Kong) |
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 : |
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
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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 and address
HUI JI
ENTERPRISE LTD.
Address:
Room 1012, 10/F., Kodak House 2,
321 Java Road / 39 Healthy Street East,
North Point, Hong Kong.
(Your enquiry given as:
HUI JI ENTERPRISES LTD.
of the same address. )
PHONE: 2811 1161, 2377
9163, 2811 8958
FAX: 2377 9671
E-MAIL: jasoniam@malata.com
MANAGEMENT
Managing Director: Mr. Ng Hoi
Ting, Vincent
SUMMARY
Incorporated on: 9th
October, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Manufacturer, Importer and Exporter.
Employees: 12.
(Including associate in Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 1012, 10/F., Kodak House 2, 321 Java Road / 39 Healthy Street East,
North Point, Hong Kong.
Associated/Affiliated Companies:-
Wanlida Group of Companies
Chongqing Malata Technology Co. Ltd., China.
Hing Lung Technology (HK) Co. Ltd., Hong Kong.
Malata (H.K.) Investment Ltd., Hong Kong.
Malata Corporation, USA.
Malata Electronic Learning Ltd., Hong Kong.
Malata Group (HK) Ltd., Hong Kong.
Malata Holdings Ltd., Hong Kong.
Malata Mobile International Co. Ltd., Hong Kong.
Malata Mobile Technology Co. Ltd., Hong Kong. [Dissolved]
Nanjing Wanlida Seeing & Hearing Equipment Co. Ltd., China.
Nanjing Wanlida Technology Co. Ltd., China.
Shenzhen Malata Mobile Communication Co. Ltd., China.
Sky Smart Holdings Ltd., British Virgin Islands.
Wanlida Corporation, USA.
Wanlida Group Co. Ltd., China.
Wanlida International Enterprise Ltd., Hong Kong.
Xiamen Wanlida Communication Equipment Co. Ltd., China.
Zhangzhou Malata Energy Technology Co. Ltd., China.
etc.
BUSINESS REGISTRATION NUMBER
38521410
COMPANY FILE NUMBER
1174402
MANAGEMENT
Managing Director: Mr. Ng Hoi
Ting, Vincent
CAPITAL
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
SHAREHOLDER
(As per registry dated 09-10-2011)
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Name |
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No. of shares |
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NG Hoi Ting, Vincent |
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100,000 ====== |
DIRECTOR
(As per registry dated 09-10-2011)
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Name (Nationality) |
Address |
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NG Hoi Ting, Vincent |
Flat B, 26/F., Block 7, Leighton Hill, Happy Valley, Hong Kong. |
SECRETARY
(As per registry dated 09-10-2011)
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Name |
Address |
Co. No. |
|
Top Joy Management Ltd. |
Room 1202, 12/F., Hua Qin International Building, 340 Queen’s Road Central,
Hong Kong. |
1419218 |
HISTORY
The subject was incorporated on 9th October, 2007 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: Manufacturer,
Importer and Exporter.
Lines: DVD
player, portable LCD/DVD player, etc.
Brand Name: Malata.
Employees: 12.
(Including associate in Hong Kong)
20,000. (China)
Materials/Commodities: Imports raw materials from European countries,
some Asian countries and finished products from China.
Markets: China,
Europe, US, Australia, Southeast Asia, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping
in an active condition.
Facilities: Making
active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Hang Seng Bank Ltd., Hong Kong.
Chiyu Banking Corporation Ltd., Hong Kong.
Standing:
Normal.
GENERAL
Having issued 100,000 ordinary shares of HK$1.00 each, Hui Ji Enterprise
Ltd. is wholly owned by Mr. Ng Hoi Ting, Vincent who is a Hong Kong
merchant. He is also the only director
of the subject.
The subject has had an associated company Malata Group (HK) Ltd. which
is also located at the same operating office.
Ng Hoi Ting is also the Managing Director of this firm. The subject and Malata Group (HK) Ltd. are
engaged in the same lines of business.
The subject is a member of the Wanlida Group. It is trading in the following commodities
bearing the brand name of “Malata”: digital AV products, notebooks, PCs
and peripherals, GPS navigation devices, car multimedia electronics, small home
appliances, communication and lithium polymer batteries, etc.
The President of the Wanlida Group Mr. Ng Wai Tin is also a Hong Kong
merchant. He is a family member of Mr.
Ng. Hoi Ting.
One of the Group’s main subsidiaries is Shenzhen Malata Mobile Communication
Co. Ltd. [Shenzhen Malata Mobile] which was established in 2004. It is specialized in designing, manufacturing
and promoting GSM and PHS mobile phones.
300 experienced designers out of 1,500 employees have independent
designing abilities in ID/MD/HW/SW/UI.
In the meantime of indraught of international standard project
management system, Shenzhen Malata Mobile has built up strategic cooperative
partner relationship with several global companies to keep technology advanced.
Shenzhen Malata Mobile has invested over an RMB hundred million Yuan on
hi-speed automatic SMT production lines at international top class and set up
dustless plants for mobile production with annual capability of 5 million
sets. It has expert managing staff and
skilled workers working in 7S systems.
Its factory is ISO 9001:2000 certified and all the products should pass
a number of inspection procedures before shipping. Shenzhen Malata Mobile has set up national
top-ranking mobile reliability testing laboratory equipping with professional
test equipment, hi-precision X-ray devices, etc.
Wanlida Group Co. Ltd. [Wanlida] was established in 1984 in China. It is a “new and high technology enterprise”
focusing on researching and developing, producing and selling consumer electronic
products. Wanlida has three major
production bases located in Nanjing, Zhangzhou and Shenzhen Special Economic
Zone, China respectively. Its industries
cover digital audio and video products, GPS navigation devices, car multimedia
systems, small home appliances, telecommunication electronics, new energy
resources products and electronic medical instruments.
As the top 100 electronics enterprise in China, Wanlida has three major
industrial zones, located in Nanjing, Zhangzhou and Shenzhen SEZ, with a total
of 1,000 R&D engineers and 20,000 employees.
The Group’s production facilities include moulding factory equipped with
world leading E-Mould tooling technology, ironware factory, plastic injection
factory with e-mould and IML advanced surface process technology, vacuum
plating workshop, lithium polymer battery factory, more than 100 SMT
equipments, and 40 product assembling line.
The Group has also invested in more than US$10 million to build its own
product testing centre which is able to ensure the product quality.
Its workshop area is over 840 millions sq.ft., and the production
facilities include moulding factory with world leading e-mould tooling
technology, ironware factory, plastic injection factory with e-mould and IML
advanced surface process technology, vacuum plating workshop, lithium polymer
battery factory, more than 100 SMT equipments, and 40 product assembling
line. It has also invested more than
US$10 million to build its own product testing centre.
The Group has been working with many world leading OEM/ODM clients. It supplies clients with a total package
solution from ID design to final product development and production, in IT, AV
and GPS category.
The Group has obtained ISO 9001 International Quality System Certificate
and ISO 14000 International Environment Management System Certificate. Its products are in conformity with the
following international standards: CE, UL, FCC, FDA, GS, etc.
The Group’s products are sold in China and exported to more than 50
foreign markets. It is specialized in
ODM/OEM orders which come from international renowned enterprises and famous
chain stores.
The subject is responsible for marketing products, shipping, and
supplying its affiliated factories in China with raw materials and components
which are mainly imported from Europe and Asian countries.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities. For instance, it is going to take
part in Hong Kong Electronic Fair (Spring Edition) which will be held in Hong
Kong during the period of 13th to 16th April, 2012.
The annual sales turnover of the Wanlida Group is very significant.
The subject is fully supported by the Wanlida Group and the Ng
family. History in Hong Kong is over
four years and two months. It also
markets the products of Shenzhen Malata Mobile.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.78 |
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|
1 |
Rs.82.33 |
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Euro |
1 |
Rs.68.19 |
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.