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Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG GREE
ELECTRIC APPLIANCES SALES
LTD. |
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Registered Office : |
Room 2612, 26/F., |
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Country : |
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Date of Incorporation : |
21.06.2005 |
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Com. Reg. No.: |
35757995 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of all kinds of air-conditioners |
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No. of Employees : |
20 |
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 – September 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 GREE ELECTRIC APPLIANCES SALES LTD.
ADDRESS: Room 2612, 26/F.,
PHONE: 3165 8898
FAX: 3165 1029
E-MAIL: larry@gree.com.cn
Managing Director: Mr. Lam Hou
Kong, Larry
Incorporated on: 21st June, 2005
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer
and Exporter.
Group Turnover: RMB83,517,252,476.96 Yuan (Year ended
31-12-2011)
Employees: 20.
Main Dealing Banker: Standard
Chartered Bank (Hong Kong) Ltd.,
Banking Relation: Satisfactory.
Registered Head Office:-
Room 2612, 26/F.,
Holding Company:-
Gree Electric Appliances Inc. of
Ultimate Holding Company:-
Zhuhai Gree Group Co. Ltd.,
Associated/Affiliated Companies:-
Gree Group of Companies
Cong Ty Lien Doanh Gree Electric (
Gree (Zhongshan) Small Home Appliances Co. Ltd.,
Gree Electric Appliances (
Gree Electric Appliances (
Gree Electric Appliances (
Gree Electric Appliances (
Gree Electric Appliances do
Gree Electric Enterprises (Maanshan) Ltd.,
Hefai Landa Compressor Co. Ltd.,
Shanghai Gree Air Conditioners Sales Co. Ltd.,
Zhuhai Gree Daikin Device Co. Ltd.,
Zhuhai Gree Daikin Precision Mold Co. Ltd.,
Zhuhai Gree Electric Enterprises Ltd.,
Zhuhai Gree Group Finance Co. Ltd.,
Zhuhai Gree Xinyuan Electronic Co. Ltd.,
Zhuhai Kaibang Motor Manufacture Co. Ltd.,
Zhuhai Meilanda Refrigeration Co. Ltd.,
etc.
BUSINESS REGISTRATION
NUMBER
35757995
0978477
Group Vice Chairman & President:
Ms. Dong Ming Zhu
Managing Director: Mr. Lam Hou
Kong, Larry
Manager: Mr. Yuen Sin Sum, Sam
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 21-06-2011)
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Name |
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No. of share |
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Gree Electric Appliances Inc. of Zhuhai |
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100,000 ====== |
(As per registry dated 21-06-2011)
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Name (Nationality) |
Address |
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XIAO Youyuan |
Room 303, Block 20, |
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DONG Ming Zhu |
Zhuhai Shi, Xiangzhou Qu, Jiu Zhou Da Dao, Zhong 2106, Hao 20, Dong
202, |
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LAM Hou Kong |
6/F., Mei Foo Sun Chuen, |
(As per registry dated 21-06-2011)
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Name |
Address |
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YUEN Sin Sum |
Flat 9, 3/F., Shing Chung House, Mei Chung Court, Tai Wai, Shatin, New
Territories, Hong Kong. |
The subject was incorporated on 21st 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
and Exporter.
Lines: All
kinds of air-conditioners.
Employees: 20.
Commodities Imported:
Markets: China, other Asian
countries, Europe, Australia, Middle East, Central & South America, North
America, etc.
Group Turnover:
RMB42,199,715,679.53 Yuan (Year ended 31-12-2008)
RMB42,637,291,053.26 Yuan (Year ended 31-12-2009)
RMB60,807,242,452.83 Yuan (Year ended 31-12-2010)
RMB83,517,252,476.96 Yuan (Year ended 31-12-2011)
Group
Profit Attributable to Shareholders:-
RMB1,966,518,865.23 Yuan (Year ended 31-12-2008)
RMB2,913,450,350.15 Yuan (Year ended 31-12-2009)
RMB4,275,721,624.27 Yuan (Year ended 31-12-2010)
RMB5,236,938,608.43 Yuan (Year ended 31-12-2011)
Terms/Sales: L/C or as per
contracted.
Terms/Buying: L/C, D/P, 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
Mortgage or Charge: (See attachment)
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a satisfactory
condition.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitment as contracted.
Commercial Morality: Satisfactory.
Standard Chartered Bank (Hong Kong) Ltd.,
Sumitomo Mitsui Banking Corporation, Hong Kong Branch.
Industrial & Commercial Bank of
The Hongkong & Shanghai Banking Corp. Ltd.,
Deutsche Bank AG, Hong Kong Branch.
Citibank N.A., Hong Kong Branch.
Standing: Good.
Having issued 100,000 ordinary shares of HK$1.00 each, Hong Kong Gree
Electric Appliances Sales Ltd. is wholly owned by Gree Electric Appliances Inc.
of Zhuhai [Gree] which is a China-based firm.
The ultimate holding company is Zhuhai Gree Group Co. Ltd., also a
China-based firm.
The subject is engaged in marketing Gree’s products. Gree’s products are air‑conditioners
and dehumidifiers bearing the brand name of “Gree”.
Gree, founded in 1991, has become the world’s largest specialized air
conditioner company integrating R&D, manufacture, sales and service.
“Gree” brand air conditioners
produced by Gree are the air conditioning brand that ranked “World Brand” by
General Administration of Quality Supervision, Inspection and Quarantine in
As a specialized air conditioner manufacturer, Gree is presenting
advanced and high quality air conditioning products to global consumers.
It had worked out both residential air conditioners and commercial air
conditioners of 20 varieties, 400 series, and 7,000 models to satisfy different
demands by different consumers. It is
possessing nearly 3,000 technical patents.
The GMV digital VRF system, centrifugal type water chiller and sine wave
D.C. inverter driven air conditioner filled the absence in production of
high-tech products among Chinese enterprises.
Being the model that develops from “made-in-China” enterprise to
“created-in-China” one, Gree had gained wide reputation in the international
industry.
Now, Gree is a listed firm in
Gree has 9 production bases in Zhuhai,
Gree enjoys a sound reputation for its quality products and outstanding
performance. It has more than 170
million users worldwide.
For the year ended 31st December, 2011, the sales of the Gree Group
amounted to RMB83,517.3 million Yuan, grew by 37.3% as compared with
RMB60,807.2 million Yuan in FY 2010; profit attributable to shareholders
amounted to RMB5,236.9 million Yuan, grew by 22.5% as compared with RMB4,275.7
million Yuan in FY 2010. As at 31st
December, 2011, the Gree Group had 72,671 employees.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in
The subject is fully supported by the Gree Group.
On the whole, consider the subject good for normal business engagements.
COURT CASES
None as per our.
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Date |
Particulars |
Amount |
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02-06-2008 |
Instrument: Assignment of DC Proceeds re export
bills restricted to other banks for negotiation/payment Property: By way of assignment or agreement to assign in each case as beneficial
owner. All monies in any currency
representing proceeds payable or to be paid to the Customer under the
Documentary Credits, all the Customer’s right, title and interest in the said
Documentary Credits and the benefit of all powers and remedies for enforcing
the Documentary Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
All loans or other advances made or to be made by the Bank to the
Customer against documents submitted under a Documentary Credit, all monies
and liabilities in any currency owing by the Customer to the Bank at any
time, whether separately or jointly, actually or contingently, present or
future, interest on all loans and advances and such monies and all expenses
of the Bank in perfecting or enforcing the Assignment |
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13-01-2011 |
Instrument: Security Agreement Property: 1) Pursuant to Clause 2
(Charge) of the Agreement 2) Pursuant to Clause 3
(Negative Pledge) of the Agreement 3) Pursuant to Clause 5
(Effectiveness of Security) of the Agreement 4) Pursuant to Clause 8
(Right of Set-off and Application of Monies) of the Agreement Mortgagee: Deutsche Bank AG, Hong Kong
Branch. |
All the Chargor’s present and future obligations, indebtedness and
liabilities |
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13-01-2011 |
Instrument: An Agreement of Cash Pledge Property: 1) Pursuant to Clause 2
(Pledge) of the Agreement 2) Pursuant to Clause 3
(Pledge Account and Perfection of Pledge) of the Agreement 3) Pursuant to Clause 4
(General Undertakings) of the Agreement 4) Pursuant to Clause
6.2(i) (Enforcement) of the Agreement 5) Pursuant to Clause 6.4
(Enforcement) of the Agreement 6) Pursuant to Clause 11
(Savings) of the Agreement Mortgagee: Deutsche Bank (China) Co. Ltd.,
Guangzhou Branch on behalf of Deutsche Bank AG, Hong Kong Branch. |
All present and future moneys, debts, obligations and liabilities |
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18-01-2011 |
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 from time to time and the
debt represented by it Mortgagee: Standard Chartered Bank (Hong Kong)
Ltd., |
To secure the payment and satisfaction of all present and future
obligations and liabilities |
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15-03-2011 |
Instrument: Deposit Deed Property: By way of a first fixed charge and as a continuing security for the
Obligations, the Company charges and assigns absolutely all its rights, title
to and interest in the Accounts and all Deposits Mortgagee: Citibank N.A., Hong Kong Branch. |
All moneys |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.62 |
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1 |
Rs.100.84 |
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Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.