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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ROGERSON TECHNOLOGIES CORPORATION
LTD. |
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Registered Office : |
Room 2808-2810, 28/F., Shui On Centre, |
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Country : |
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Date of Incorporation : |
22.02.2002 |
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Com. Reg. No.: |
32395669 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of textile chemicals. |
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No. of Employees : |
5 |
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 – 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 |
|
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 |
ROGERSON
TECHNOLOGIES CORPORATION LTD.
Room 807, 8/F.,
Kwai Cheong Centre, 50 Kwai Cheong Road, Kwai Chung, New Territories,
Hong Kong.
PHONE: 3427 8508
FAX: 3427 8509
Managing
Director: Mr. Young Po Chieh, Philip
Incorporated on: 22nd February, 2002.
Organization: Private Limited Company.
Capital: Nominal: HK$2,000,000.00
Issued: HK$2,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ROGERSON TECHNOLOGIES CORPORATION LTD.
Registered
Office:-
c/o Alan Chan
& Co., Certified Public Accountant
Room 2808-2810, 28/F.,
Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong.
Head
Office:-
Room 807, 8/F.,
Kwai Cheong Centre, 50 Kwai Cheong Road, Kwai Chung, New Territories,
Hong Kong.
Associated
Company:-
Shanghai Richmount
International Trading Co. Ltd.
Room 605, 11
Changshun Road, Changning District, Shanghai, China.
[Tel: 86-21-6209
9008, 6209 0409]
32395669
0786805
Managing
Director: Mr. Young Po Chieh, Philip
Nominal Share Capital:
HK$2,000,000.00 (Divided into 2,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$2,000,000.00
(As per registry dated 22-02-2012)
|
Name |
Occupation |
No.
of shares |
|
HSU
Chi I |
Merchant |
1,020,000 |
|
YOUNG Po Chieh |
Merchant |
980,000 |
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|
|
–––––––– |
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Total: |
2,000,000 ======= |
(As per registry dated 22-02-2012)
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Name (Nationality) |
Address |
|
HSU Chi I |
31-8, Chinan Road, Section 2, Taipei,
Taiwan. |
|
YOUNG Po Chieh, Philip |
31-8, Chinan Road, Section 2, Taipei,
Taiwan. |
(As per registry dated 22-02-2012)
|
Name |
Address |
BR
No. |
|
Standard
Authorised Associates |
Rooms 2808-2810, 28/F., Shui On Centre, 6-8 Harbour Road, Wanchai,
Hong Kong. |
33032773 |
The
subject was incorporated on 22nd February, 2002 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Rogerson Asia Pacific Associated Ltd.,
name changed to the present style on 27th February, 2012.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of textile chemicals.
Employees: 5.
Commodities Imported: US, France, Germany, India, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$2,000,000.00 (Divided into 2,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$2,000,000.00
Mortgage or Charge:-
Date of Security Over Deposits with the Bank: 06-10-2003
Amount: To secure all monies in respect of banking facilities owing at any time plus interest and all expenses
Property: Initially HK$400,000 and all monies whether now or hereafter standing to the credit of the Company’s deposit with the Bank under deposit number 499-359040 and whatever currency it may subsequently be denominated in, any renewal of such deposit and the interest thereon together with any further moneys in any deposit account with the Bank at any of its offices
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
Having
issued 2 million ordinary shares of HK$1.00 each, Rogerson Technologies
Corporation Ltd. is jointly owned by Mr. Young Po Chieh, holding 49% interests;
and Ms. Hsu Chi I, holding 51%. Young
and Hsu are also directors of the subject.
Both of them are Taiwanese and Taiwan passport holders. Currently, they are residing in Taipei,
Taiwan.
The
subject is a textile chemical trader. It
has got an associated company in Shanghai, China known as Shanghai Richmount
International Trading Co. Ltd. [Shanghai Richmount].
Most
of the time, Young is stationing in Shanghai operating the business of Shanghai
Richmount. Incorporated in 2003 in Shanghai,
China and with a registered capital of RMB1 million Yuan, currently, Shanghai
Richmount is the agent for the following main firms:-
Hexion
Specialty Chemicals Inc. [Hexion], United States
Hindustan
Gum & Chemicals Ltd., India
Rogerson
US Corporation [Rogerson], United States
Schill
+ Seilacher, Germany
Hexion
is the world’s largest producer of binder, adhesive, coating and ink resins for
industrial applications. It is trading in
forest product resins, formaldehyde, epoxy resins, foundry resins, moulding
resins, ink resins, versatic acids and derivatives, oilfield resins, etc.
Hindustan
Gum is the largest manufacturer of Guar Gem in the world. Its brand name is “HIGUM”. It also manufacturers Guar Gum Powder,
Cationic Gum and Textile Thickener.
Schill + Seilacher is a Germany-based firm engaged in producing
chemicals for leather processing. It
also produces chemicals for fire industry, rubber and latex industries, and the
textile and paper industries. Rogerson’s
products are widely used in manufacturing textile, paper, leather products,
etc. Its chemical additives are used in
manufacturing building materials; waterproofing chemical compositions are used
in manufacturing fabrics and leather articles.
Most of Rogerson’s products bear the brand name “ROGERSON”. Now, this trade mark has been registered in
China.
The
subject and Shanghai Richmount are trading in the above-mentioned
chemicals. Business is rather active.
Shanghai
Richmount has about five employees. The
contact person is Ms. Wang Linlin.
This firm is responsible for the distribution of the products in China
while the subject is re-exporting the chemicals to Japan, Taiwan, and the other
Asian countries.
The
history of the subject is over ten years and three months in Hong Kong. It is likely that it has had associated firms
in Taiwan engaged in the same lines of business.
On the whole,
consider the subject good for normal business engagements.
None as per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.28 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.