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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
WORLD
MASTERY TECHNOLOGY LTD. |
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Registered Office : |
Unit 9-10, 7/F., Lai Sun Yuen Long Centre, |
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Country : |
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Date of Incorporation : |
31.01.1997 |
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Com. Reg. No.: |
20535649 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Manufacturer and Exporter of all kinds of printed circuit board [PCB] products such as fine line PCB, single-sided PCB, double-sided PCB, multi-layer and high layer count PCB, flexible PCB, metal based PCB, high density interconnecting circuit, PTFE, etc. |
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No. of Employees : |
25 (Hong Kong) Group
Employees |
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 – 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 |
WORLD MASTERY TECHNOLOGY LTD.
Unit 9-10, 7/F., Lai Sun Yuen Long Centre, 27 Wang Yip Street East, Yuen Long, New Territories, Hong Kong.
PHONE: 2415 9848, 2415 6686
FAX: 2416 6737
E-MAIL: sales@worldmastery.com
Managing Director: Mr. Kong Hoi Wing
Incorporated on: 31st January, 1997.
Organization: Private Limited Company.
Capital: Nominal: HK$4,000,000.00
Issued: HK$4,000,000.00
Business Category: Printed Circuit Board Manufacturer and Exporter.
Group Turnover: Approx. HK$120-150 million.
Group Employees: 25. (Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 9-10, 7/F., Lai Sun Yuen Long Centre, 27 Wang Yip Street East, Yuen Long, New Territories, Hong Kong.
China
Factory:-
[Including Wei Yu PCB Plant and Wei Wei Electronic Products Plant]
Fenghuangshan Industrial Area, Shajiao, Humen District, 523936 Dongguan, Guangdong Province, China.
[Tel: (86-769) 8556 3428 Fax: (86-769) 8556 3469
E-mail: sales@worldmastery.com ]
Holding Company:-
Hantech Holdings Ltd., Hong Kong.
Associated/Affiliated
Companies:-
World Wide Group of
Companies
Dongguan Ke Yao Equipment Co. Ltd., China.
Kingable Enterprises Ltd., Hong Kong.
Strong World Development Ltd., Hong Kong.
Well Wise Electronic
Products Co. Ltd., Hong Kong.
[Also operator of Wei Wei Electronic Products Plant]
World Wide Group Shanghai Co., China.
World Wide Industrial Ltd., Hong Kong.
World Wide P.C.B. Equipments Co. Ltd., Hong Kong.
etc.
20535649
0593851
Managing Director: Mr. Kong Hoi Wing
Contact Person: Dr. Nicole Poon
Nominal Share Capital: HK$4,000,000.00 (Divided into 4,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$4,000,000.00
(As per registry
dated 31-01-2012)
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Name |
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No. of shares |
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Hantech Holdings Ltd., Hong Kong. |
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3,999,999 |
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KONG Hoi Wing |
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1 |
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–––––––– |
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Total: |
4,000,000 ======= |
(As per registry
dated 31-01-2012)
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Name (Nationality) |
Address |
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Irshad Ali SHAHZAD |
Tiedenkamp 25, D-24558, Henstedt-Ulzburg, Germany. |
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CHENG Tai Lun, Marco |
Room 1202, 33 Argyle Street, Mongkok, Hong Kong. |
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CHAN Pak Chung |
8 Melrose Avenue, Phase B, Royal Palms, Wo Shang Wai, Yuen Long, New Territories, Hong Kong. |
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KONG Hoi Wing |
9, 4 Street, Section C, Fairview Park, New Territories, Hong Kong. |
(As per registry
dated 31-01-2012)
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Name |
Address |
Co.
No. |
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Macco Corporate Services Ltd. |
Room 1002, 33 Argyle Street, Mongkok, Kowloon, Hong Kong. |
1589103 |
The subject was incorporated on 31st January, 1997 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at World Wide Group Centre, 24 On Chuen Street, On Lok Tsuen, Fanling, New Territories, Hong Kong, moved to the present address in October 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Manufacturer and Exporter.
Lines: All kinds of printed circuit board [PCB] products such as fine line PCB, single-sided PCB, double-
sided PCB, multi-layer and high layer count PCB, flexible PCB, metal based PCB, high density interconnecting circuit, PTFE, etc.
Total Factory Area: 180,000 sq.ft. in China.
Group Employees: 25. (Hong Kong)
600. (China)
Machinery &
Equipment:-
l ATG Fly Probe Tester
l Automatic Film Developer
l Automatic Plating Lines
l CNC Drilling/Routing Machine
l Conveyorized Machines/Lines
l Dry Film Processing Equipment
l EIE 208-NT Plotter GC-CAM System
l Film Exposure Machines
l Hot Air Leveling Equipment
l LPI Solder Mask Equipment
l Multi-layer Pressing Machine
l Programmable (High Voltage) Electrical Tester
l Programming Inspection System (Optrex)
l Punching Machines
l Silkscreen Printing Machines
l UV Curing Machine
l Vacuum Packaging Machine
l V-Cut Scoring Machine
Annual Production Capacity: 360,000 sq.m.
Raw Materials: Mainly imported from US, Europe, etc.
Markets: Europe, US, Asia, etc.
Group Turnover: Approx. HK$120-150 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
l America Hong Kong Electronics Association,
Hong Kong.
l Hong Kong Printed Circuit Association, Hong Kong.
Nominal Share Capital: HK$4,000,000.00 (Divided into 4,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$4,000,000.00
Alternation of
Capital:-
|
Initially |
paid up |
HK$ 1,000,000.00 |
|
17-02-2004 |
paid up |
HK$ 3,000,000.00 |
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––––––––––––––– |
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Total: |
paid up |
HK$ 4,000,000.00 ============== |
Increase of
Nominal Capital:-
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From |
HK$1,000,000.00 |
to |
HK$4,000,000.00 |
on |
17-02-2004 |
Profit & Loss: Making a profit every year.
Condition: Keeping in an active and satisfactory manner.
Facilities: Making use of general banking facilities.
Payment: So far so good.
Commercial Morality: Satisfactory.
Bankers:-
l The Hongkong & Shanghai Banking Corp. Ltd.,
Hong Kong.
l Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Good.
World Mastery Technology Ltd. was incorporated in January 1997. It was a wholly-owned subsidiary of World Wide International Holdings Ltd., an investment holding company of the World Wide Group. Now, its holding company has been changed to Hantech Holdings Ltd., a Hong Kong‑registered firm located at the same address.
The subject is a sophisticated manufacturer of printed circuit boards [PCBs]. Its wide range of PCB products comprise fine line PCB, single-sided PCB, double‑sided PCB, multi-layer and high layer count PCB (up to 16 layers), high density interconnecting circuit (blind/buried via), metal based PCB (1‑2 layers), flexible PCB (1-2 layers) and PTFE.
Its factory has been located in Dong guan City, Guangdong Province, China since it was founded in 1995. It has exported its PCBs to the world’s top 10 EMS providers, as well as customers in Hong Kong, China, Europe, America, other Asian countries, etc. It has been ISO/TS 16949, ISO9001 & ISO14001 certified. The factory has a word force of 600 at present. Its monthly production capacity is 30,000 sq.m. of PCBs.
The subject is supplying fine-line high density double sided and multi-layer PCBs for advanced high-tech enterprises all over the world. Customers include world famous electronic leaders, telecommunication, networking, medical instrument, automotive and consumer electronic manufacturers and service providers.
The subject’s history in Hong Kong is over fifteen years. Annual sales turnover ranges from HK$120 to 150 million. Making a small profit every year.
On the whole, in view of the parentage and background of the subject, consider it good for normal business engagements.
REMARKS:
Property information
of affiliates:-
Property Location: Flat
B on 34/F. of Block 12, Wonderland Villas,
9 Wah King Hill Road, Kwai Chung, New Territories, Hong Kong.
Owner: Kingable Enterprises Ltd.
Date of Purchase: 08-11-1996
Purchased Price: HK$6,730,000
Incumbrances:-
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Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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05-05-1999 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
Property Location: 24 On Chuen Street, Fanling, New Territories, Hong Kong.
Owner: Strong World Development Ltd.
Date of Purchase: 15-01-2001
Purchased Price: HK$12,100,000
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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15-01-2001 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.20 |
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UK Pound |
1 |
Rs.88.38 |
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Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.