|
Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMERSONIC
INTERNATIONAL |
|
|
|
|
Registered Office : |
Room 1635, 16/F., Star House, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.07.2005 |
|
|
|
|
Com. Reg. No.: |
10548309-007-05 |
|
|
|
|
Legal Form : |
Sole Ownership |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of electronic products, etc. |
|
|
|
|
No. of Employees : |
10. (Including Sole
Owner) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
--- |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
AMERSONIC INTERNATIONAL
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2735 7758, 2735 7759
FAX: 2730 0946, 2730 1817
E-MAIL: general@amersonic.com
Manager: Mr. Madhur Dugar
Establishment: 8th July, 2005.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: HK$35~40 million (Including Sole Owner)
Employees: 10. (Including Sole Owner)
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
Head Office:-
· Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
P.O.
Box 96156, Tsim Sha Tsui Post Office, Kowloon, Hong Kong.
Sister Companies:-
Texchemie, Hong Kong. [BR
No. 10548309-001]
Intexport, Hong Kong. [BR
No. 10548309-003]
Concentra, Hong Kong. [BR
No. 10548309-004]
Alwynco, Hong Kong. [BR
No. 10548309-005]
Lightex, Hong Kong. [BR
No. 10548309-008]
Alpine Silk, Hong Kong. [BR
No. 10548309-009]
Success Engineering, Hong Kong. [BR
No. 10548309-010]
Hong Kong Yaten, Hong Kong. [BR
No. 10548309-011]
Shanghai Shibang Machinery Co.,
Hong Kong. [BR
No. 10548309-012]
Great China Alliance, Hong Kong. [BR
No. 10548309-013]
Sabko International, Hong Kong . [BR No. 10548309-014]
Polychem IN, Hong Kong. [BR
No. 10548309-015]
Associated
Companies:-
· Amersonic International Ltd., Hong Kong. (Same address)
Ginda
Industries Ltd., Hong Kong. [Dissolved]
10548309-007-05
Manager: Mr. Madhur Dugar
Unisilk Ltd., Hong Kong. (See
attachment)
The subject was established on 8th July, 2005 as a sole
ownership firm with Unisilk Ltd. as the proprietor under the Hong Kong Business
Registration Regulations.
Apart from these, neither material change nor amendment has
been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of electronic products, etc.
Employees: 10. (Including Sole Owner)
Commodities Imported: China, Vietnam and other Asian countries.
Markets: India, other Asian countries, Middle East, Africa, etc.
Annual Turnover: HK$35~40 million (Including Sole Owner)
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C or as per contracted.
Capital: Provided by Sole Owner.
Profit or Loss: Sole owner makes a 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.
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Good.
Amersonic International is one of the wholly-owned subsidiaries of Unisilk Ltd. [Unisilk] which is a Hong Kong-registered firm.
The subject and Unisilk share the same operating office.
In recent years, it has been trading in DVD players in complete form, parts/components of DVD player, LCD TV and monitors, CRTs, home theatres, and computer speakers, audio-systems, etc.
According to the subject, it is an OEM for leading brands.
Commodities are sourced from China, Vietnam and the other Asian countries. Prime markets are India, the other Asian countries, the Middle East, Africa, etc. Business is rather active.
Incorporated on 9th May, 1986, Unisilk is experienced in sourcing a wide range of products catering many different industries. It is trading in many different kinds of products such as electronics, electric appliances, electrical products, marble, building materials, granding machinery, stationery, skin care products, silk and silk fabrics, chemicals, etc.
Unisilk has set up a number of subsidiaries in order to trade different products while the subject is one of them. The subject is responsible for electric appliances and electronic products.
Owned by the Dugar family, Unisilk has set up offices in India, Guangzhou, Shenzhen Special Economic Zone of China, Vietnam, etc.
According to Unisilk, it is able to source commodities directly from the factories and export the commodities by itself.
Unisilk is a member of The Indian Chamber of Commerce Hong Kong, Hong Kong.
The business of Unisilk is active.
The directors of Unisilk are Mr. Sajjan Dugar and Mr. Madhur Dugar. Both of whom are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.
The annual sales turnover of Unisilk ranges from HK$35 to 40 million. Making a small profit every year.
The history of Unisilk in Hong Kong is over twenty-six years.
On the whole, in view of the subject’s parentage, consider it good for normal business engagements.
REMARKS:
Court case record
of the Sole Owner:-
|
Action
Date |
Case
No. |
Plaintiff |
Defendant |
Cause |
Amount |
|
Sept. 1994 |
H9709 |
Winner King Ltd. |
Unisilk Ltd. |
Possession |
Not stated |
|
Jan. 2000 |
H542 |
Standard Chartered Bank |
Unisilk Ltd. |
Mortgage |
Not stated |
|
Oct. 2009 |
S42025 |
Coface Hong Kong Branch |
Unisilk Ltd. |
Service Charge |
Not stated |
UNISILK LTD.
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.
10548309-000-05
0169007
9th May, 1986.
Nominal Share Capital: HK$39,400,000.00 (Divided into 394,000 shares of HK$100.00 each)
Issued Share Capital: HK$39,400,000.00
(As per registry
dated 09-05-2012)
|
Name |
|
No.
of shares |
|
Madhur
DUGAR |
|
122,442 |
|
Sajjan DUGAR |
|
271,558 |
|
|
|
––––––– |
|
|
Total: |
394,000 ====== |
(As per registry
dated 09-05-2012)
|
Name (Nationality) |
Address |
|
Sajjan DUGAR |
A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing
Street, Kowloon, Hong Kong. |
|
Madhur DUGAR |
A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing
Street, Kowloon, Hong Kong. |
(As per registry
dated 09-05-2012)
|
Name |
Address |
Co.
No. |
|
Lodestar
Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong
Kong. |
0113023 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.37 |
|
UK Pound |
1 |
Rs.85.95 |
|
Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.