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Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
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Name : |
NOVA
TECHNICA INTERNATIONAL LTD. |
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Formerly Known As : |
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Registered Office : |
c/o S &
C Accounting Services Ltd., Room A1, 6/F., |
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Country : |
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Date of Incorporation : |
03.04.2007 |
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Com. Reg. No.: |
51889445 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of tools, workshop equipment, irrigation & pool accessories, etc. |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office in Hong Kong |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
Hong Kong - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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Source : CIA |
NOVA TECHNICA INTERNATIONAL LTD.
c/o S & C Accounting Services Ltd.
Room A1, 6/F., Block AB, How Ming Factory Building, 99 How Ming Street, Kwun Tong, Kowloon, Hong Kong.
PHONE: 2545 0822
FAX: 2545 0833
E-MAIL: office@novatechnica.biz
Managing Director: Mr. Christoph Eggenbauer
Incorporated on: 3rd April, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o S & C Accounting Services Ltd.
Room A1, 6/F., Block AB, How Ming Factory Building, 99 How Ming Street, Kwun Tong, Kowloon, Hong Kong.
Associated
Company:-
Eggenbauer & Mersich GmbH, Austria.
(Also known as Eggenbauer & Mersich Gesellschaft m.b.H., Austria.)
Dadlergasse 2-4, A-1150 Wien, Wien, Austria.
[Tel: 43-1-8926 248, Fax: 43-1-8926 24844]
51889445
1120630
Managing Director: Mr. Christoph Eggenbauer
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry
dated 03-04-2012)
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Name |
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No. of shares |
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Walter EGGENBAUER |
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42,000 |
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Rudolf Mersich |
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33,000 |
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Christoph EGGENBAUER |
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25,000 |
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––––––– |
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Total: |
100,000 ====== |
(As per registry
dated 03-04-2012)
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Name (Nationality) |
Address |
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Christoph EGGENBAUER |
Flotzersteig 209, A-1140 Vienna, Austria. |
(As per registry
dated 03-04-2012)
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Name |
Address |
Co.
No. |
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S & C Accounting Services Ltd. |
Room A1, 6/F., Block AB, How Ming Factory Building, 99 How Ming Street, Kwun Tong, Kowloon, Hong Kong. |
0805109 |
The subject was incorporated on 3rd April, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Jamaica Trading Ltd., name changed to the present style on 16th April, 2010.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of tools, workshop equipment, irrigation & pool accessories, etc.
Employees: Nil.
Commodities Imported: Taiwan, China, other Asian countries, etc.
Markets: Austria, other European countries, etc.
Terms/Sales: CAD, L/C, T/T, etc.
Terms/Buying: L/C, Advanced T/T, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Is making 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.
Having issued 100,000 ordinary shares of HK$1.00 each, Nova Technica International Ltd. is jointly owned by Mr. Walter Eggenbauer, holding 42% interests; Mr. Rudolf Mersich, holding 33%; Mr. Christoph Eggenbauer, 25%. All the shareholders are Austrian. The third is the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room A1, 6/F., Block AB, How Ming Factory Building, 99 How Ming Street, Kwun Tong, Kowloon, Hong Kong known as S & C Accounting Services Ltd. [S&C] which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. Given phone and fax number 2545 0822 and 2545 0833 belong to S&C.
The subject has no employees in Hong Kong. It has had an associated company Eggenbauer & Mersich GmbH [E&M] which is an Austria-based firm.
The subject is an international trading and consulting company specialized in direct purchases from the Asia Pacific region, especially from China and Taiwan. It is trading in the following commodities: all kinds of tools, workshop equipment, irrigation & pool accessories, etc. According to the subject, it has had partner offices in Shanghai, Hangzhou, Dongguan of China and Taipei and Taichung of Taiwan in order to keep contact with manufacturers. Most of its products are marketed in Austria and the other European countries.
E&M is also specialized in tools, workshop equipment, pool and garden products. It is able to serve its customers with a broad range of products and services. E&M has been established in Vienna, Austria for over 20 years.
The subject’s business in Hong Kong is not active. History in Hong Kong is over five years and seven months.
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
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Indian Rupees |
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US Dollar |
1 |
Rs.54.44 |
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UK Pound |
1 |
Rs.87.00 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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NB |
New Business |
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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.