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Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
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Name : |
HANGZHOU COGENERATION (HONG KONG) CO. LTD. |
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Formerly Known As : |
C. G. S. (Hong Kong) International Trading
Co. Ltd. |
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Registered Office : |
Unit 01A, 15/F., Low Block, Grand Millennium Plaza, 181 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
31.05.2005 |
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Com. Reg. No.: |
35682324 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Steel, strips, sheets, iron ore, etc. |
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No. of Employees : |
12. (Including associates) |
RATING & COMMENTS
|
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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Hong Kong |
A2 |
A2 |
|
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.
|
Source : CIA |
HANGZHOU COGENERATION (HONG KONG) CO. LTD.
Unit 01A, 15/F., Low Block, Grand Millennium Plaza, 181 Queen’s Road
Central, Hong Kong
PHONE: 2511 1698, 2167 8621
FAX: 2511 1813
Managing Director: Mr. Jiang
Yuanqing
Incorporated on: 31st
May, 2005.
Organization: Private
Limited Company.
Capital: Nominal: RMB100,000,000.00
Issued: RMB100,000,000.00
Business Category: Importer, Exporter and Wholesaler.
HSTC Group Turnover: RMB4,547,818,300.02 (Year ended 31-12-2011)
Employees:
12. (Including associates)
Main Dealing Banker: Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 01A, 15/F., Low Block, Grand Millennium Plaza, 181 Queen’s Road
Central, Hong Kong.
Holding Company:-
Hangzhou Cogeneration Import & Export Co. Ltd., China.
Intermediate
Holding Company:-
Hangzhou Steam Turbine Co. Ltd. [HSTC], China.
Ultimate Holding
Company:-
Hangzhou Steam Turbine Power Group Co. Ltd., China.
Associated/Affiliated
Companies:-
HSTC Group of Companies
C. G. S. (Hong Kong) Co. Ltd., Hong Kong. (Same address)
Dushan Zhongcheng Shangtong Co. Ltd., China.
Guizhou Zhongcheng Concrete Co. Ltd., China.
Hangzhou Energy-Saving Technologies & Design Institute Ltd., China.
Hangzhou Guoneng Steam Turbine Engineering Co. Ltd., China.
Hangzhou Kaineng Forge Co. Ltd., China.
Hangzhou Pangtong Electronic Equipment Co. Ltd., China.
Hangzhou Steam Turbine Auxiliary Machine Co. Ltd., China.
Hangzhou Steam Turbine Casting Co. Ltd., China.
Hangzhou Steam Turbine Group Equipment System Engineering Co. Ltd.,
China.
Hangzhou Steam Turbine Machinery & Equipment Co. Ltd., China.
Hangzhou Zhongneng Steam Turbine Power Co. Ltd., China.
Kunming Hangzhong Steam Turbine Technical Service Co. Ltd., China.
Shijiazhuang Hangneng Steam Turbine Technical Co. Ltd., China.
Tangshan Hangneng Steam Turbine Technical Service Co. Ltd., China.
Wulumuqi Hangzhongneng Steam Turbine Technical Service Co. Ltd., China.
Zhejiang Huayuan Steam Turbine Machinery Co. Ltd., China.
Zhejiang Steam Trubine Assembling Technologies Development Co. Ltd.,
China.
Zhejiang Turbine Import & Export Co. Ltd., China.
etc.
35682324
0974210
Managing Director: Mr. Jiang
Yuanqing
Nominal Share Capital: RMB100,000,000.00 (Divided into 100,000,000
shares of RMB1.00 each)
Issued Share Capital: RMB100,000,000.00
(As per registry dated 31-05-2012)
|
Name |
|
No. of shares |
|
Hangzhou Cogeneration Import & Export Co. Ltd. 4/F., Tower 11, 167 Huan Cheng Bei Road, Hangzhou City, Zhejiang
Province, China. |
|
100,000,000 ========= |
(As per registry dated 31-05-2012)
|
Name (Nationality) |
Address |
|
JIANG Yuanshun |
Room 2-401, Building 37, Dong Yuan Xin Chun, Xiacheng District,
Hangzhou City, Zhejiang Province, China. |
|
JIANG Yuanqing |
4 Xingqiao Road, Xiacheng District, Hangzhou City, Zhejiang Province,
China. |
|
XU Jianyu |
Room 401, No. 62, Block 15, Xiahuinancun, Shangchengqu, Hangzhou City,
Zhejiang Province, China. |
|
LU Yonghong |
Room 206, Unit 10, Block 5, Weiyuanlong, Gongshu District, Hangzhou
City, Zhejiang Province, China. |
|
YUAN Wenjiong |
Room 401, No. 2 Lianxinglidonghang, Dahuajiedao, Shantou City,
Guangdong Province, China. |
(As per registry dated 31-05-2012)
|
Name |
Address |
Co. No. |
|
Sky Well Consultants Ltd. |
Unit B, 17/F., Success Commercial Building, 245-251 Hennessy Road,
Wanchai, Hong Kong. |
0612124 |
The subject was incorporated on 31st May, 2005 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of C. G. S. (Hong
Kong) International Trading Co. Ltd., name changed to the present style on
24th August, 2005.
Formerly the subject was located at Room 6509, 65/F., The Center,
99 Queen’s Road Central, Hong Kong, moved to Unit 13, 19/F., COSCO Tower,
Grand Millennium Plaza, 183 Queen’s Road Central, Hong Kong in December 2007;
and further to the present address with effect from 1st September, 2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Steel,
strips, sheets, iron ore, etc.
Employees: 12. (Including associates)
Commodities Imported: India, other Asian countries, Europe, Americas, etc.
Markets: China,
Japan, other Asian countries, etc.
HSTC Group Turnover: RMB3,319,171,377.40 (Year
ended 31-12-2008)
RMB3,586,010,243.78 (Year ended 31-12-2009)
RMB4,276,205,308.54 (Year ended 31-12-2010)
RMB4,547,818,300.02 (Year ended 31-12-2011)
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
Nominal Share Capital: RMB100,000,000.00 (Divided into 100,000,000
shares of RMB1.00 each)
Issued Share Capital: RMB100,000,000.00
Mortgage or Charge (since December
2006): (See attachment)
HSTC Group Net Profit Attributable to Shareholders
of the Listed Company:-
RMB573,649,026.96 (Year ended 31-12-2008)
RMB583,517,590.81 (Year ended 31-12-2009)
RMB680,184,677.22 (Year ended 31-12-2010)
RMB640,387,703.33 (Year ended 31-12-2011)
Profit or Loss: Business is profitable.
Condition:
Keeping in an
active condition.
Facilities:
Making very
active use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
Bank of Communications Co. Ltd.,
Hong Kong Branch.
Fortis Bank, Hong Kong Branch.
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
DBS Bank Ltd., Hong Kong Branch.
CITIC Bank International Ltd.,
Hong Kong.
BNP Paribas, Hong Kong Branch.
Wing Lung Bank Ltd., Hong Kong.
China Construction Bank Corporation,
Hong Kong Branch.
Industrial & Commercial Bank of China
(Asia) Ltd., Hong Kong.
Standing:
Good.
Hangzhou Cogeneration (Hong Kong) Co. Ltd. is a wholly-owned subsidiary of
Hangzhou Cogeneration Import & Export Co. Ltd. [HCIEC] which is a
China-based firm. In turn, HCIEC is a
subsidiary of Hangzhou Steam Turbine Co. Ltd. [HSTC] which is a listed firm in
Shenzhen Special Economic Zone, China.
HSTC is 63.64%-owned by Hangzhou Steam Turbine Power Group Co. Ltd.
[HSTPG], also a China-based firm.
Since 1988, HSTPG has ranked the top three in the integrated benefit
indexes in the same trade domestically.
In 2005, it was listed in the top 500 enterprises in China. It is also a public listed company in
Shenzhen B Share Market. HSTPG is
controlled by Hangzhou State-owned Assets Administrative Committee which is a
government organization belongs to the Hangzhou City Government.
The subject is trading in iron and steel, steel strips, steel sheets,
iron ore, etc. Commodities are imported
from India, other Asian countries, Europe, South America, etc. Prime markets are China, Japan and other
Asian countries. It is also responsible
for acquiring commodities for HSTPG and HSTC.
Founded in October 1997 and with a registered capital of RMB100 million
Yuan, HCIEC is a state-owned holding company under the jurisdiction of HSTPG.
Since 1988, HSTPG has ranked the top three in the integrated benefit
indexes in the same trade domestically; in 2005, it was listed in the top 500
enterprises in China. HCIEC is trading
in iron and steel raw materials, semi-finished products and finished
products. Now its main business includes
three main parts: exporting, importing and domestic trading. In 2011, HCIEC’s sales income amounted to
RMB40,700 million Yuan.
In 2004, HCIEC was conferred the title of Hangzhou Municipal Advanced
Tax Payment Hundred-Strongest Enterprises.
From 2004 to 2011, it had been granted successively the honour title of
winning award unit of “Gold Dragon Reward” of Foreign Trade Import & Export
by Hangzhou City.
In 2011, HCIEC was awarded by the Government of Zhejiang Province as one
of the Top Law-Abiding and Credit Import & Export Enterprises.
Since 2004, HCIEC has actively opened up international market and
brought about extraordinary development in export business. HCIEC’s steel products export business has
extended to countries and areas as Korea, Taiwan, Vietnam, Thailand, the
Philippines, Singapore, Indonesia, the Middle East, Australia, Europe, America
etc. The import business is HCIEC’s
traditional core business. HCIEC now
keeps frequent business contacts with countries and areas around the world as
Russia, Ukraine, South Africa, Turkey, India, Brazil and Europe, etc. Especially in 2005, HCIEC opened up its
import business of iron ore, mill scale, nickel ore and established stable
supply channels in India, Australia, Indonesia and South America. HCIEC also has a significant share in the
domestic market, its main customers extend all over the provinces and
municipalities around China as Zhejiang, Shanghai, Jiangsu, Shandong, Tianjin,
Beijing, Sichuan, Guangdong, Fujian, etc. HCIEC’s outstanding commercial
reputation enables it to keep better business relationships with many steel
mills, distributors, and end users.
HCIEC has an outstanding competitive superiority in respect of capital
strength and banking credit. Its credit
facility has reached RMB1,150 million in Industrial and Commercial Bank of
China, China Construction Bank, Agricultural Bank of China, China Merchants
Bank, China Ever Bright Bank, China Minsheng Bank and Shanghai Pudong
Development Bank, etc.
The credit facility of the subject is US$1,400 million in United
Overseas Bank, De Nederlandsche Bank and Communication Bank of Hong Kong
Special Administrative Region.
HSTC is principally engaged in the design, manufacture and sale of
industrial steam turbines and related auxiliaries and components. This company offers its products under two
categories: industrial steam turbines and power‑generating steam
turbines, which are used in the fields of petroleum, chemical industry,
electricity power, metallurgy, construction material and light textile. HSTC’s impulse turbines include condensing
turbines, extraction condensing turbines and backpressure turbines, while its
reaction turbines include condensing turbines, extraction condensing turbines,
multi‑stage backpressure turbines and extraction backpressure
turbines. It distributes its products
within China’s domestic market and to overseas markets.
HCIEC has set up the following main departments:-
·
Import and Export Department 1;
·
Import and Export Department 2;
·
Import and Export Department 3;
·
Import and Export Department 5;
·
Overseas Department;
·
Integrated Department; &
·
Steel Strip Department.
The General Manager of HCIEC is Mr. Jiang Yuanqing, Deputy General
Manager is Mr. Xu Jianyu, and Executive Vice Manager is Mr. Jiang
Yuanshun. All of them are also directors
of the subject.
Under the leadership of HSTPG, HCIEC is exerting its strength for the
challenge of sales income over RMB16,500 million Yuan with a total profit over
RMB407 million Yuan in 2011.
For the year ended 31st December, 2011, the turnover of HSTC Group
amounted to RMB4,547.8 million, net profit attributable to shareholder of HSTC
was RMB640.4 million. Business was good
in the year.
Now, the annual sales of the subject amount to HK$8.1 to 8.5 billion,
profit ranges from HK$60 to 65 million.
The subject is fully supported by HCIEC.
History in Hong Kong is over seven years and two months.
On the whole, in view of the background and parentage of the subject,
consider it good for normal business engagements.
Property information of
the company:-
Property Location: Room 1501A on 15/F. of Low Block,
Grand Millennium Plaza,
181-183 Queen’s Road Central & 33 Wing Lok Street, Hong Kong.
Owner: Hangzhou Cogeneration (Hong
Kong) Co. Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
31-03-2010 |
- |
Bank of Communications Co. Ltd., Hong Kong Branch. |
Mortgage to secure general banking facilities |
(Since December 2006)
|
Date |
Particulars |
Amount |
|
28-12-2006 |
Instrument: Deed of Indemnity, Charge Over Deposit
and Set-Off Property: By way of Fixed Charge to the Bank all the Company’s estate, right,
title, claim, benefit and interest to and in the Deposit (Account No.
02753202026700, 02753202026713, 02753220063143 and 02753293065422) and all
interest from time to time payable thereon and together with all title deeds
and documents relating thereto Mortgagee: Bank of Communications Co. Ltd.,
Hong Kong Branch. |
All actions, suits, proceedings, claims, demands, losses, damages, costs,
fees, expenses and/or liabilities |
|
30-08-2007 |
Instrument: Trade Finance Security Assignment Property: 1) As security for the
payment of all Secured Liabilities, (a) by way of absolute assignment and
agreement to assign all the present and future rights, title, interests and
benefits of the Company in and to the Assigned Assets; (b) by way of first
fixed charge and agreement to charge all the present and future rights,
title, interests and benefits of the Company in and to the Charged Assets; (c)
by way of trust, any of the Security Assets not effectively assigned under
the Assignment; and (d) by way of lien, all property of the Company 2) As security for the
Assignment Obligations, by way of set-off, any obligation owed by the Bank to
the Company Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
1) Secured Liabilities |
|
05-09-2007 |
Instrument: Charge Over Deposits – CD 1 (06) Property: 1) By fixed Charge: all the Company’s rights in respect of (i)
the sum deposited by the Company; and (ii) all other sums in any currency
from time to time standing to the credit of the Company or the credit of any
other person for the Company’s benefit whether alone or jointly with others,
on any deposit account with the Bank or any other SCB Group Company including
additions to or renewals or replacements of such sum; and all interest from
time to time accruing or payable on the sums specified in (i) and (ii) above; 2) By assignment: all Deposits held with any SCB Group Company Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, obligations and
liabilities, whether actual or contingent at the date of the Charge or at any
time after the date thereof, due, owing or incurred by the Company to
Standard Chartered Bank (Hong Kong) Ltd. |
|
31-03-2010 |
Instrument: Mortgage Property: 111/116,009th parts or shares of and in The Remaining Portion of
Inland Lot No. 8911 (Unit 1501A on 15/F. of Low Block of Grand Millennium Plaza,
181-183 Queen’s Road Central & 33 Wing Lok Street, Hong Kong.) Mortgagee: Bank of Communications Co. Ltd.,
Hong Kong Branch. |
All monies |
|
28-05-2010 |
Instrument: Security Over Deposits Property: A deposit with chargee in the amount of US$1,500,000 under Deposit A/C
No. 808-746697 whatever currency it may subsequently be denominated in, any
renewal of such deposit and the interest thereon together with any further
monies in any deposit account with the chargee at any of its offices Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
Amount secured – (i) all monies in any currency owing by the Company
to the chargee at any time, actually or contingently, in any capacity, alone
or jointly with any other person; (ii) interest on such monies, to the date
on which the chargee receives payment, at the rates payable by the Company or
which would have been payable but for any circumstance which restricts
payment and (iii) all expenses of the chargee in perfecting or enforcing the
charge |
|
19-07-2010 |
Instrument: Charge on Cash Deposit to secure
Liabilities of the Depositor Property: 1) By way of first fixed
charge and agreement to charge: the Deposit and all right, title and interest
of the Company 2) By way of set-off: any
sum standing to the credit of any one or more of the accounts of the Company
with the Bank Mortgagee: DBS Bank Ltd., Hong Kong Branch. |
All sums of money and liabilities |
|
26-07-2010 |
Instrument: Charge on Cash Deposit to secure
Liabilities of the Depositor Property: 1) By way of first fixed
charge and agreement to charge: the Deposit and all right, title and interest
of the Company 2) By way of set-off: any
sum standing to the credit of any one or more of the accounts of the Company
with the Bank Mortgagee: DBS Bank Ltd., Hong Kong Branch. |
All sums of money and liabilities |
|
07-09-2010 |
Instrument: Security Agreement over Bank Account Property: By way of a first fixed charge all of the Chargor’s rights in respect
of any amount standing to the credit of the Account Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure the payment and satisfaction of all present and future
obligations and liabilities |
|
07-09-2010 |
Instrument: Pledge over Deposit and Account
Management Agreement Property: The Pledgor grants a first priority pledge in favour of the Pledgee
over all the Pledged Assets and all related rights and interests Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure the full and punctual payment of the Secured Indebtedness
and performance of its other obligations |
|
28-10-2010 |
Instrument: Charge on Cash Deposit Property: The Chargor, as beneficial owner, charges and agrees to charge to the
Bank by way of first fixed charge: (a) the Chargor’s entire right, title
and interest in and to the Deposit; and (b) all rights and benefits accuring
to or arising in connection with the Deposit Mortgagee: CITIC Bank International Ltd.,
Hong Kong. |
As a continuing security for the Secured Liabilities |
|
28-10-2010 |
Instrument: Trade Finance Security Assignment Property: The Borrower as beneficial owner: a) assigns and agrees to
assign absolutely to the Bank all the present and future rights, title, interests
and benefits of the Borrower in and to the following assets: (i) Export
Credits; (ii) Export Collection Bills; (iii) Sales Contracts; (iv) Invoice
Receivables; (v) Insurances; (vi) Trade Documents; and (vii) all claims,
remedies and proceeds in connection with any of the foregoing; and b) charges and agrees to
charge to the Bank by way of first fixed charge all the present and future
rights, title, interests and benefits of the Borrower in and to the following
assets: (i) the Goods together with their proceeds; and (ii) the Deposit; and c) pledges and agrees to
pledge to the Bank the Pledged Goods and the Trade Documents which are now or
may in the future be in the Bank’s possession Mortgagee: CITIC Bank International Ltd.,
Hong Kong. |
As security for the payment of all Secured Liabilities |
|
02-11-2010 |
Instrument: Pledge and Master Trust Receipt Property: The Company, as beneficial owner and as a continuing security for the
payment or discharge in full of the Secured Liabilities, hereby pledges and
agrees to pledge to the Bank all of its right, title and interest in and to
the Pledged Assets from time to time Mortgagee: BNP Paribas, Hong Kong Branch. |
Secured Liabilities means all present and future indebtedness,
obligations and liabilities |
|
02-11-2010 |
Instrument: Deed of Charge Property: As Security for the due payment and discharge of the Secured Amounts,
the Company hereby: (a) Charges to the Bank by way of floating charge all its
right, title and interest in and to all Goods; (b) Charges to the Bank by way
of first fixed charge all its right, title and interest in and to all Credit
Balances; (c) Assigns to the Bank by way of first fixed security all Contract
Rights and the benefit of the Security Interest and securities for the time
being held by the Company in respect of any such Contract Rights Mortgagee: BNP Paribas, Hong Kong Branch. |
To secure all present and future indebtedness, obligations and
liabilities |
|
28-02-2011 |
Instrument: Trade Finance Security Assignment Property: For good and valuable consideration, receipt of which is acknowledged,
the Borrower as beneficial owner and as security for the payment of all
Secured Liabilities Mortgagee: Wing Lung Bank Ltd., Hong Kong. |
To secure banking facilities |
|
28-02-2011 |
Instrument: Security Deed Property: All the Company’s right, title and interest from time to time in,
under and to the secured Property Mortgagee: Wing Lung Bank Ltd., Hong Kong. |
To secure banking facilities |
|
25-08-2011 |
Instrument: Assignment Property: All the rights, title, interest, benefits and entitlement in and to
the Contracts including but not limited to the right to receive or claim for
all amounts payable to the Assignor thereunder and all claims for
compensation and damages arising out of any breach of the same by the other
parties thereto from time to time Mortgagee: China Construction Bank Corporation,
Hong Kong Branch. |
To secure all of the obligations whether in respect of principal,
interest, fees, commission, charges or otherwise of the Assignor towards the
Bank under the Facility Letter |
|
20-10-2011 |
Instrument: Pledge over Deposit and Account
Management Agreement Property: First priority pledge in favour of the Pledgee over all the Pledged
Assets and all related rights and interests Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
As a continuing security for the full and punctual payment of the
Secured Indebtedness and performance of its other obligations by the Pledgor
in accordance with the Charged Agreement |
|
21-11-2011 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY167,831,429
being the amount to be deposited into the sub-account (Pledge A/C No.
000000501510556570) affiliated to the RMB special deposit account (A/C No.
000000501510354518) opened by the Pledgor with Standard Chartered Bank
(China) Ltd., Shanghai Branch. Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
28-11-2011 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY112,189,405
being the amount to be deposited into the sub-account (Pledge A/C No.
000000501510559933) affiliated to the RMB special deposit account (A/C No.
000000501510354518) opened by the Pledgor with Standard Chartered Bank
(China) Ltd., Shanghai Branch. Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
04-01-2012 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY87,266,051
being the amount to be deposited into the sub-account (Pledge A/C No.
000000501510577877) affiliated to the RMB special deposit account (A/C No.
000000501510354518) opened by the Pledgor with Standard Chartered Bank
(China) Ltd., Shanghai Branch. Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee agrees
to provide the term loan facility in an aggregate amount of CNY520,000,000 to
the Pledgor |
|
28-02-2012 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY48,252,847
being the amount to be deposited into the sub-account (Pledge A/C No.
000000501510597646) affiliated to the RMB special deposit account (A/C No.
000000501510354518) opened by the Pledgor with Standard Chartered Bank
(China) Ltd., Shanghai Branch. Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
08-03-2012 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY29,344,047
being the amount to be deposited into the sub-account (Pledge A/C No. 000000501510601282)
affiliated to the RMB special deposit account (A/C No. 000000501510354518)
opened by the Pledgor with Standard Chartered Bank (China) Ltd., Shanghai
Branch. Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
16-03-2012 |
Instrument: Trade Finance Security Assignment
(the “Assignment”) Property: a) assigns to the Bank to
the following assets: (i) the Export Credits; (ii) the Export Collection
Bills; (iii) the Sales Contracts; (iv) the Export Invoice Receivables;
(v) the Insurances; (vi) the Trade Documents; and (vii) all claims, Mortgagee: United Overseas Bank Ltd. |
All obligations and liabilities of the Borrower owed to the Bank |
|
28-03-2012 |
Instrument: Security Memorandum (First Party) Property: 1. The Company assigns to
the Bank to each Receivable as continuing security for the payment or
discharge of the Secured Liabilities. Mortgagee: ABN Amro Bank N.V. |
All indebtedness, obligations and liabilities due to the Bank by the
Company |
|
17-04-2012 |
Instrument: Pledge Confirmation (the
“Confirmation”) Property: First priority pledge in favour of the Pledgee over CNY47,830,532
being the amount to be deposited into the sub-account (Pledge A/C No.
000000501510618553) affiliated to the RMB special deposit account (A/C No.
000000501510354518) opened by the Pledgor with Standard Chartered Bank
(China) Ltd., Shanghai Branch. Mortgagee: Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
26-07-2012 |
Instrument: Trade Finance Security Assignment Property: a) assigns to the Bank to
the following assets: (i) the Export Credits; (ii) the Export Collection
Bills; (iii) the Sales Contracts; (iv) the Export Invoice Receivables; (v)
the Insurances; (vi) the Trade Documents; and (vii) all claims, Mortgagee: Industrial & Commercial Bank of
China (Asia) Ltd., Hong Kong. |
All obligations and liabilities of the Borrower owed to the Bank |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.38 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
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.