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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ASANO HOLDINGS
LTD. |
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Registered Office : |
Room 1018, 10/F., Shatin Galleria, |
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Country : |
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Date of Incorporation : |
25.05.2011 |
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Com. Reg. No.: |
58411209 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer, Importer and Exporter of TVs, electronics and electric appliances, etc. |
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No. of Employees : |
28. (including associate) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
--- |
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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 |
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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 |
ASANO
HOLDINGS LTD.
Room
1018, 10/F., Shatin Galleria, 18-24 Shan Mei Street, Fo Tan, Shatin, New
Territories, Hong Kong.
PHONE: 2698 1089~115
FAX: 2602 7743
E-MAIL: marketing@asano-international.com
Managing
Director: Mr. Yu Chak Cheung, Toby
Incorporated on: 25th May, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$5,000,000,00
Issued: HK$5,000,000.00
Business Category: Manufacturer, Importer and Exporter.
Employees: 28. (Including associate)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
ASANO
HOLDINGS LTD.
Registered Head Office:-
Room
1018, 10/F., Shatin Galleria, 18-24 Shan Mei Street, Fo Tan, Shatin, New Territories,
Hong Kong.
Associated Factory:-
Foshan
Asano Technology Co. Ltd.
Songxia
Industrial Park, Nanhai district, Foshan City, Guangdong Province, China.
Associated/Affiliated Companies:-
Asano International Ltd., Hong Kong. (Same address)
Conic Electronics International Co. Ltd., Hong Kong.
Guangdong Asano Technology Co. Ltd., China.
Nanhai Asano Electric Appliances Co. Ltd., China.
New Conic Multimedia (Huizhou) Co. Ltd., China.
New Sun (International) Development Ltd., Hong Kong.
Tomico (International) Group Ltd., Hong Kong.
58411209
1606249
Managing
Director: Mr. Yu Chak Cheung, Toby
Nominal
Share Capital: HK$5,000,000,00 (Divided into 5,000,000 shares of HK$1.00 each)
Issued
Share Capital: HK$5,000,000.00
(As per registry dated 25-05-2011)
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Name |
|
No. of shares |
|
YU Chak Cheung, Toby |
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5,000,000 ======= |
(As per registry dated 26-07-2011)
|
Name (Nationality) |
Address |
|
HE
Xing |
Room 1303, 13/F., 101 Renmin
Road, Foshan, Guangdong, People’s Republic of China. |
|
WU
Yan Ping |
Wen Wu Garden, 6 Yun Wu Road,
Foshan, Guangzhou, People’s Republic of China. |
|
YU
Chak Cheung, Toby |
Flat A, 3/F., Block 8, Parc
Versailles, 8 Mui Shu Hang Road, Tai Po, New Territories, Hong Kong. |
(As per registry dated 02-05-2012)
|
Name |
Address |
Co. No. |
|
Group Motion Secretarial Services Ltd. |
Room c, 2/F., Wing Tat Commercial Building, 121‑125 Wing
Lok Street, Central, Hong Kong. |
1684145 |
The subject was incorporated on 25th May. 2011 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, Importer and Exporter.
Lines: TVs, electronics and electric appliances, etc.
Employees: 28. (including associate)
Materials/Commodities: Imports raw materials from European countries, some Asian countries and finished products from China.
Markets: Europe, North America, Japan and other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$5,000,000,00 (Divided into 5,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
Having issued 5 million ordinary shares of HK$1.00 each, Asano
Holding Ltd. is wholly owned by Mr. Toby Yu Chak Cheung who is a Hong Kong
merchant. The directors of the subject
are Mr. He Xing, Ms. Wu Yan Ping and Yu Chak Cheung. The first and second are China merchants and
currently residing in Foshan City, Guangdong Province, China. However, Ms. Wu Yan Ping is also a Hong
Kong ID Card holder.
The subject has had an associated company Asano International Ltd.
[AIL] located at its operating address.
AIL and the subject are engaged in the same lines of business, more or
less.
AIL is an electric appliance trader. It has got an associated factory in Foshan
City, Guangdong Province, China known as Foshan Asano Technology Co. Ltd.
[Foshan Asano].
Foshan Asano, located in Songxia Industrial Park, Nanhai district,
Foshan City, Guangdong Province, is an integrated high-tech enterprise engaged
in the research, design, development, production, and sales of colour
televisions and other electric appliances.
Its main product range covers colour TV chassis, LCD TVs, CRT TVs, TV
cabinets, complete TV sets, and other related CKD and SKD components.
Foshan Asano has over 2,000 employees, of which 15 have got the
degree of PhD, 20 employees have got master degree, about 50 engineers and more
than 300 employees are graduated from universities. Foshan Asano has been equipped with more than
10 advanced automatic assembly lines supported by auto inserting machines, the
auto spray-paint production lines, signal stimulating machines in full system, the
complete technical testing instruments and more than 20 plastic injection
machines. The annual production capacity
of Foshan Asano is about 5,000,000 colour televisions and other components
ranging in sizes from 10 to 34 inches.
At present, Foshan Asano has had closely cooperation with Philips
Co. in the Netherlands, Mitsubishi Co., Sanyo Co. and Toshiba Co. in
Japan. Having passed ISO 9001 approval,
CCC approval, and other international approvals such as CB, CE, UL, SAA etc.,
Foshan Asano’s QC department ensures that all of its materials and finished
products are in conformity with its stringent standards.
In recent years, Foshan Asano has speed up its whole business
approach and was held in high regard by local government. On 12th February, 2003, Mr. Zhang
Dejiang, the secretary of Guangdong Province, made a visit of Foshan
Asano. He gave a high praise to the
establishment of the factory.
The followings are the LCD and colour TV series of Foshan Asano:
15” — 63 series, 15” — 62 series, 19” — 62 series, 19” — 63 series, 18.5, 19
and 22”, 26, 27 and 32” — 65 series, 20, 27, 32” — 66 series, 26, 27, 32” — 68
series, 32, 37, 42”, 47 and 52” LCD TV, etc.
Bearing the trade marks of “Asano” and “Conic”, Most of the
products are exported to Europe, North America, Central & South America,
Japan and other Asian countries, the Middle East, Australia, etc. Business is rather active. In recent years, two more trade marks
“Sunling” and “Tomico” have been launched into the markets.
In order to penetrate the international market further, AIL has
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities. AIL usually takes part in Hong
Kong Electronics Fairs which are held in Hong Kong bi-annually.
The business of Foshan Asano is administered by Mr. He Xing and
Ms. Wu Yan Ping.
The annual sales turnover of Foshan Asano ranges from RMB350 to
380 million Yuan, making a small profit every year.
Besides Foshan Asano, AIL has another associated factory in
Huizhou City, Guangdong Province, China known as New Conic Multimedia (Huizhou)
Co. Ltd.. This firm is also engaged in
manufacturing LCD and CRT televisions.
The China factories also receive OEM orders.
The businesses of the subject and AIL are chiefly administered by
Yu Chak Cheung.
The history of the subject in Hong Kong is just about a year.
On the whole, since the history of the subject is short in Hong
Kong, consider it good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.28 |
|
|
1 |
Rs.88.25 |
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Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
|
-- |
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.