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Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
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Name : |
UNION PACIFIC
INDUSTRIAL LTD. |
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Registered Office : |
c/o Manimor Corporate
Services Ltd., 42/F., |
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Country : |
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Date of Incorporation : |
18.04.2005 |
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Com. Reg. No.: |
35645184 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Pharmaceutical, food packaging
machinery and equipment |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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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 |
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Status : |
No operating office in |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
|
Source
: CIA |
UNION PACIFIC
INDUSTRIAL LTD.
c/o Manimor
Corporate Services Ltd.
42/F., Central
Plaza, 18 Harbour Road, Wanchai, Hong Kong.
PHONE: 2909 5555
FAX: 2810 0032
Managing
Director: Mr. Vladimir Tuzhilkin
Incorporated on: 18th April, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
UNION PACIFIC INDUSTRIAL LTD.
Registered
Head Office:-
c/o Manimor
Corporate Services Ltd.
42/F., Central
Plaza, 18 Harbour Road, Wanchai, Hong Kong.
Associated
Company:-
Shanghai Union
Pacific Industrial Ltd.
Hongmei Road,
201103 Shanghai, China.
35645184
0964239
Managing
Director: Mr. Vladimir Tuzhilkin
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
(As per registry dated 18-04-2012)
|
Name |
|
No.
of shares |
|
Vladimir TUZHILKIN |
|
10,000 ===== |
(As per registry dated 18-04-2012)
|
Name (Nationality) |
Address |
|
Leonid PAK |
1458 Nong 9, Hao 102 Shi, Gumei Lu, Shanghai
201100, China. |
|
Vladimir
TUZHILKIN |
Apartment 66, Building 15, Ulitsa Yu.
Gagarin, Village Zarya, Balashihinsky R-N, Moscow, 143900 Russia. |
(As per registry dated 18-04-2012)
|
Name |
Address |
Co.
No. |
|
Manimor
Corporate Services Ltd. |
42/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. |
1133655 |
The
subject was incorporated on 18th April, 2005 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: Importer and Exporter.
Lines: Pharmaceutical, food packaging machinery and equipment.
Employees: Nil.
Commodities Imported: China, Russia, Europe, etc.
Markets: China, Asian countries, Europe, Russia, etc.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
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 10,000 ordinary shares of HK$1.00 each, Union Pacific Industrial Ltd. is
wholly owned by Vladimir Tuzhilkin who is a Russia.
He
is a Russia passport holder and does not have the right to reside in
Hong Kong permanently. He and Mr.
Leonid Pak are the directors of the subject.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at 42/F.,
Central Plaza, 18 Harbour Road, Wanchai, Hong Kong known as Manimor Corporate
Services Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of
the subject.
The
subject has no employees in Hong Kong.
It has had an associated company known as Shanghai Union Pacific
Industrial Ltd. [Shanghai UPI] in Shanghai, China.
The
subject and Shanghai UPI are engaged in the same lines of business. Shanghai UPI belong to UPI Group. The Group is an international manufacturing
and trading group of companies, focus on the pharmaceutical machinery and
substances, food packing machines and additives.
The
Group has had experiences and connections in the markets of Eastern Europe and
Russia, and supply various bulk pharmaceuticals, intermediates and machinery,
including China.
Shanghai
UPI is operated by Mr. Leonid Pak who is a China merchant.
The
UPI Group also has had associated company in Russia which is operated by
Vladimir Tuzhilkin. The Group sources
its commodities from different manufacturers of the world. Business is normal.
It
is likely that Shanghai UPI trades under the name of the subject.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is over seven years and six 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.47 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.