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Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
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Name : |
HOLILA HOLDINGS GROUP LTD. |
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Registered Office : |
Unit 1312, 13/F., New Commerce Center, 19 On Sum Street, Shatin,
New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.06.2005 |
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Com. Reg. No.: |
35735604 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER,
EXPORTER AND WHOLESALER OF MOBILE PHONE WITH TV, PORTABLE DVD PLAYER,
PORTABLE DIGITAL ANALOGUE TV. |
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No. of Employees : |
10. (Including associates) |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
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 |
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
levies excise duties on only four commodities, namely: hard alcohol, tobacco,
hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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 9.1% of total system deposits in Hong
Kong by the end of 2012, an increase of 59% from the previous 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 34.9 million in 2012, 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 2012 mainland Chinese
companies constituted about 46.6% of the firms listed on the Hong Kong Stock
Exchange and accounted for about 57.4% 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,
and less than 2% in 2012. Credit expansion and tight housing supply conditions
caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in
2012. 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 |
HOLILA HOLDINGS GROUP
LTD.
Unit 1312, 13/F., New Commerce Center, 19 On Sum Street, Shatin,
New Territories, Hong Kong.
PHONE: 852-2735 0622
FAX: 852-2735 0122
Managing Director: Mr. He
Shaocong
Incorporated on: 14th June, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$30,000,000.00
Issued: HK$30,000,000.00
Business Category: Importer,
Exporter and Wholesaler.
Annual Turnover: Quite significant amount.
Employees: 10. (Including associates)
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
HOLILA HOLDINGS
GROUP LTD.
Registered Head
Office:-
Unit 1312, 13/F., New Commerce Center, 19 On Sum Street, Shatin,
New Territories, Hong Kong.
Associated
Companies:-
Holila (H.K.) Development Ltd., Hong Kong. [Dissolved]
Sen Yang Electric Science & Technology (Shenzhen) Co. Ltd., China.
Shenzhen Leatek Technologies International Co. Ltd., China.
Shenzhen Topwell Technology Co. Ltd., China.
Winlite International (H.K.) Ltd., Hong Kong. (Same address)
35735604
0977188
Managing Director: Mr. He
Shaocong
Contact Person: Mr. Ho Wai Pan
Nominal Share Capital: HK$30,000,000.00 (Divided into 30,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
(As per registry dated 14-06-2013)
|
Name |
Occupation |
No. of shares |
|
HE Shaocong |
Merchant |
16,500,000 |
|
LIN Chu Wen |
Merchant |
13,500,000 |
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|
|
––––––––– |
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Total: |
30,000,000 ======== |
(As per registry dated 14-06-2013)
|
Name (Nationality) |
Address |
|
HE Shaocong |
Room 801, No. 1 House No. 15 Luyuan Road, Guangzhou, China. |
|
LIN Chu Wen |
Marine Lives Industrial Park, Hengnan Road, Gushu Xixiang Broan,
Shenzhen, China. |
(As per registry dated 14-06-2013)
|
Name |
Address |
|
PANG Kam Lin |
Room 1201, 12/F., Block B, Hong Kong Industrial Centre, 489-491,
Castle Peak Road, Kowloon, Hong Kong. |
The subject was incorporated on 14th June, 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, Exporter and Wholesaler.
Lines: Mobile phone with TV, portable DVD player,
portable digital analogue TV.
Employees: 10.
(Including associates)
Commodities Imported: China,
other Asian countries, etc.
Markets: China, other Asian countries, Middle
East, Europe, etc.
Annual Turnover: Quite
significant amount.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$30,000,000.00
(Divided into 30,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$30,000,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory
manner.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Normal.
Having issued 30 million ordinary shares of HK$1.00 each, Holila
Holdings Group Ltd. is jointly owned by Mr. He Shaocong, holding 55% interests;
Mr. Lin Chu Wen, holding 45%. Being
China merchants, they are also directors of the subject. Currently they are residing in China.
The subject had an associated company Holila (H.K.) Development Ltd.
which was incorporated on 11th July, 2003.
Located at the operating address of the subject, Holila (H.K.)
Development was dissolved by deregistration on 12th March, 2010. This firm was engaged in the same lines of
business as the subject.
Another associated company Winlite International (H.K.) Ltd. is also
located at the same address. This
company is also engaged in the same lines of business as the subject.
The subject is engaged in manufacturing and marketing electronic and
electric appliances. In China it has got
a subsidiary factory Sen Yang Electric Science & Technology (Shenzhen) Co.
Ltd. [Sen Yang] which is in Shenzhen Special Economic Zone, China.
The subject is a large scaled electronics enterprise that specialized in
the research, development and marketing of various DPF, LED-TV, Mobile phone,
DVD, Potable DVD, Car DVD, DVB-T, Acoustic Unity and Multi‑video display
speaker.
Concerning mobile phone, the subject has registered with the Office of
the Communications Authority (OFCA), The Government of Hong Kong SAR, the
People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of
RU00117970-RU.
In 2013, the subject launched its mobile phones, bearing the brand name
of “I-call”, to the international market.
Most of the other electronic products bear the trade mark of Citycall,
Kimcell and SKTEL. The
first trade mark has been registered with Hong Kong SAR Government since 7th
December, 2009. The expiry date is 6th
December, 2019.
Established in 1995, Sen Yang has a site area of 15, 000 sq.m. and has
about 1,000 employees. It also has
established the following factories: Precision Die & Mould Factory, Plastic
Injection Factory, Surface Painting & Decoration Factory, SMT Adhesive
Sheet Factory, Acoustic Speaker Factory, DPF, LED-TV, Mobile phone, DVD
Assembly Factories and other Management Departments. Sen Yang has been ISO9000 and ISO 14001
certified.
Sen Yang is administered by Lin Chu Wen who is
a shareholder of the subject.
Most of the products are exported to North America, South America, Eastern Europe,
Africa, Oceania, the Middle East, Western Europe, Asian countries,
etc. Business is rather active.
The subject has had another associated company in Shenzhen Special
Economic Zone, China known as Shenzhen Leatek Technologies International Co.
Ltd. [Leatek] which is a China-based firm.
Leatek is specialized in mobile phone R&D, manufacturing, sales and
related services. It is one of the
specialized high-tech enterprises in Shenzhen SEZ.
Leatek is engaged in the research and development of domestic mobile
phones. It has set up its own
development centres in Shenzhen. The
centre has more than 100 people all of whom have the ability to carry out from
the mobile phone chips to start the entire process of development, including
mobile phone appearance, structure and hardware design and software
development, user interface design and all production software development and
production support.
Another associated company known as Shenzhen Topwell Technology Co. Ltd.
[Topwell] is also a mobile phone manufacturer and developer. Topwell also offers customers with OEM or ODM
mobile phone products and technical supports.
The contact person of the subject in Hong Kong is Mr. Ho Wai Pan. History in Hong Kong is over eight
years.
Annual sales turnover of the subject is very significant.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.