MIRA INFORM REPORT

 

 

Report Date :

22.06.2012

 

IDENTIFICATION DETAILS

 

Name :

NEMO  (H.K.)  LTD.

 

 

Registered Office :

C/o Hong Kong Accountant Co.

Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

11.06.2004

 

 

Com. Reg. No.:

34680062

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Home & Car Audio/Video Electronics, Automotive electronics & Telecommunication Equipment, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating Office in Hong Kong

Payment Behaviour :

Unknown

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D


Company name and address

 

NEMO  (H.K.)  LTD.

 

 

ADDRESS:       c/o Hong Kong Accountant Co.

Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong.

 

PHONE:            3527 3636

 

FAX:                 3527 3660

 

E-MAIL:            michael@nemohk.com

 

 

MANAGEMENT

 

Managing Director: Mr. Lee Sang Jun

 

 

SUMMARY

 

Incorporated on:             11th June, 2004.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$3,000,000.00

Issued:              HK$3,000,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.


ADDRESS

 

Registered Office:-

c/o Hong Kong Accountant Co.

Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong.

 

South Korea Office:-

No. 304, Digital Empire, 980-3, Youngtong-Dong, Youngtong-Gu, Suwon‑Si, Gyeonggi-Do, 443-813, South Korea.

[Tel: +82-70-7642-7350;  Fax: +82-70-7621-5909

            E-mail:  dggang@nemocom.co.kr]

 

Shenzhen Office:-

701-702, 7/F., International Chamber of Commerce Building B, Futian, Shenzhen, China.

[Tel: +86-755-8293-4368;  Fax: +86-755-8293-4869

E-mail: michael@nemohk.com]

 

 

BUSINESS REGISTRATION NUMBER

 

34680062

 

 

COMPANY FILE NUMBER

 

0905891

 

 

MANAGEMENT

 

Managing Director: Mr. Lee Sang Jun

 

 

CAPITAL

 

Nominal Share Capital: HK$3,000,000.00 (Divided into 3,000,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$3,000,000.00

 

 


SHAREHOLDER

(As per registry dated 11-06-2011)

 

Name

 

No. of shares

LEE Sang Jun

 

3,000,000

=======

 

 

DIRECTOR

(As per registry dated 04-05-2012)

 

Name

(Nationality)

 

Address

LEE Sang Jun

104-2101, Dong-A Apartment Jeongdun, Bundang, Sungnam Kyunggi-Do, Korea.

 

 

SECRETARY

(As per registry dated 11-06-2011)

 

Name

Address

Co. No.

Superfine Consultants Ltd.

Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong.

0797478

 

 

HISTORY

 

The subject was incorporated on 11th June, 2004 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:                      Importer, Exporter and Wholesaler.

 

Lines:                           Home & Car Audio/Video Electronics, Automotive electronics & Telecommunication Equipment, etc.

 

Employees:                   Nil.

 

Commodities Imported:   South Korea, China, other Asian countries, etc.

 

Markets:                       China, India, South Korea, Southeast Asia, etc.

 

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

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$3,000,000.00 (Divided into 3,000,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$3,000,000.00

 

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 3 million ordinary shares of HK$1.00 each, Nemo (H.K.) Ltd. is wholly owned by Mr. Lee Sang Jun who is a South Korean.  He is a South Korea 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 an accountant firm located at “Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong” which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

The subject’s head office is in South Korea bearing the same name as the subject [Nemo].

Nemo is doing a total solution partner from electric components to complete set business.  Its annual sales turnover ranges from US$35 to 40 million.  It mainly trades in Home & Car Audio/Video Electronics, Automotive electronics & Telecommunication Equipments.  Prime markets are China, Hong Kong, South Korea and India.

For components base, Nemo is handling Samsung (including ex-Samsung) items such as CDP/DVD optical pick-up/deck, GPS/WiFi/Bluetooth/DVB tuner/HD radio module/RF parts (Saw filter)/ATSC-MH/ISDB-T (1/Full-SEG)/PCB, etc. as agent partnership, and LCD prism sheet for LCD backlighting.

Nemo also carries passive components (MLCC/Resistor/Tantal/Inductor, etc.) and IPO sourcing jobs for certain customers.

For complete set base, Nemo is handling LED Desktop Lamp and other lighting products which have been designed by itself.  The lighting products have been launched to the worldwide market since 2009.

Nemo has set up a main office in Shenzhen Special Economic Zone, China.  Besides, it has had an office in India and Singapore respectively.

The history of the subject in Hong Kong is over eight 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.56.42

UK Pound

1

Rs.88.45

Euro

1

Rs.71.52

 

 

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

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.