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Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
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Name : |
XIN TAI MULTI-LAYER CIRCUIT LTD. |
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Registered Office : |
C/o Trans-Pacific P.C. Boards Ltd. Flat A4, 4/F., |
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Country : |
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Date of Incorporation : |
20.03.2007 |
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Com. Reg. No.: |
37747619 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer and Exporter of all kinds of multi-layer PCBs, 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
XIN TAI
MULTI-LAYER CIRCUIT LTD.
ADDRESS: c/o Trans-Pacific P.C.
Boards Ltd.
Flat A4, 4/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon,
Hong Kong.
PHONE: 2191 8592
FAX: 2191 8511
Managing Director: Mr. Xiong
Changgui
Incorporated on: 20th
March, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Multi-layer circuit board manufacturer and trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Trans-Pacific P.C. Boards Ltd.
Flat A4, 4/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon,
Hong Kong.
Partner:-
Trans-Pacific P.C. Boards Ltd., Hong Kong. (Same address)
Joint Venture:-
Guangzhou Xin Tai Multi-Layer Circuit Ltd.
Liantang Industrial Park, Xinhua Town, Huadu District,
510810 Guangzhou City, Guangdong Province, China.
[Tel: 86-20-3682 2560; Fax: 86-20-3682
3812]
Associated Companies:-
Chengdu Xingtai Trading Co. Ltd., China.
Guangzhou Xin Tai Electronic Co. Ltd., China.
Affiliated Company:-
Hong Kong Global Network Ltd., Hong Kong.
37747619
1116636
Managing Director: Mr. Xiong
Changgui
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 20-03-2012)
|
Name |
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No. of share |
|
XIONG Changgui |
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1 = |
(As per registry dated 20-03-2012)
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Name (Nationality) |
Address |
|
XIONG Changgui |
Flat A4, 4/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon,
Hong Kong. |
|
DUAN Min Hua |
Flat A4, 4/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon,
Hong Kong. |
(As per registry dated 20-03-2012)
|
Name |
Address |
Co. No. |
|
Harris Secretaries Ltd. |
8/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong. |
0031138 |
The subject was incorporated on 20th March, 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.
Activities: Manufacturer
and Exporter.
Lines: All
kinds of multi-layer PCBs, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China,
Japan, North America, Western Europe, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
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 contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Xin Tai Multi-Layer Circuit Ltd. is wholly-owned by Mr. Xiong Changgui
who is a China merchant. The subject has
just issued one ordinary share of HK$1.00 which is owned by Xiong. Xiong is a China ID holder and does not have
the right to reside in Hong Kong permanently.
He is considered residing in Guangzhou, Guangdong Province, China.
The subject does not have its own operating office. Its registered office is located at Flat A4, 4/F.,
Winner Building, 36 Man Yue Street, Hunghom, Kowloon, Hong Kong where is the
operating address of Trans-Pacific P.C. Boards Ltd. [Trans-Pacific] which is
handling its correspondences and documents.
The subject has no employees in Hong Kong. Trans-Pacific has about five employees.
To our knowledge, the subject has had a main associated company in
Guangzhou known as Guangzhou Xin Tai Electronic Co. Ltd. [Guangzhou Xin
Tai] which is also operated by Xiong.
In the 90’s, Guangzhou Xin Tai and Trans-Pacific jointly set up a joint
venture known as Guangzhou Xin Tai Multi-Layer Circuit Ltd.
[Xin Tai MLC] in Guangzhou, Guangdong Province, China. With a total investment of about HK$40
million and covers an area of 27,000 sq.m., Xin Tai MLC is located at Liantang
Industrial Park, Xinhua Town, Huandu, Guangzhou City, Guangdong Province where
is in the vicinity of Guangzhou Baiyun Airport.
The products of Xin Tai MLC are 2-layer, 4-layer, 6-layer and 8-layer
printed circuit boards. The monthly
production capacity of Xin Tai MLC is 250,000 sq.ft. and more than 40% of
the products are multi-layer boards. The
products of Xin Tai MLC are in conformity with the standards of UL in three
types: 94V0, XT94V0, and FR494V0. The UL
File Number is E88551. Besides, Xin Tai MLC
has got the certifications of ISO 9001, ISO 9001:2000, CCC, RoHS, GS, CE, GB
and ISO/TS 16949:2002.
Xin Tai MLC now has 600 employees.
The equipment of Xin Tai MLC were imported from the United States,
Japan, Switzerland, Hong Kong, Taiwan, etc.
The products, about 95%, of this firm are exported by Trans-Pacific to
Japan, North America, Western & Eastern Europe, the other Asian countries,
South America, etc. Overall business is
satisfactory. It is reported that the
annual sales turnover of Xin Tai MLC ranges from US$60 to 65 million.
Incorporated on 19th April, 1983, Trans-Pacific is managed by Mr. Choi
Yue Wing who is a Hong Kong merchant.
The subject’s business in Hong Kong is not very active.
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.55.86 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
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 |
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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 |
|
-- |
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.