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Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
HUNKELER FAR EAST
LTD |
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|
|
|
Registered Office : |
Room 1001, 10/F., East Town Building, 41 Lockhart Road, Wanchai |
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|
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Country : |
Hong Kong |
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Date of Incorporation : |
14.02.1989 |
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Com. Reg. No.: |
12497861 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and Agent; Wholesalers of Paper processing, graphic print processing, and waste disposal equipment and systems. |
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No. of Employees : |
6. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
No complaints |
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|
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
HUNKELER
FAR EAST LTD.
Room 1001, 10/F.,
East Town Building, 41 Lockhart Road, Wanchai, Hong Kong.
PHONE: 852-2528 4082
FAX: 852-2866 2401, 2520 1722
E-MAIL: hunkeler@netvigator.com
hunkeler@hunkeler.com.hk
info@hunkeler.hk
Chief
Executive: Mr. Franz Hunkeler
Incorporated on: 14th February, 1989.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importers and Agent of Graphic Machinery and Equipment.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
HUNKELER
FAR EAST LTD.
Registered
Head Office:-
Room 1001, 10/F.,
East Town Building, 41 Lockhart Road, Wanchai, Hong Kong.
Holding
Company:-
Hunkeler AG
Bahnhofstrasse 31,
CH-4806 Wikon, Switzerland.
[Tel: 41-62-745 6161; Fax: 41-62-745 6276]
Associated
Companies:-
Hunkeler Control
Solution S.r.l., Italy.
Hunkeler
Deutschland GmbH, Germany.
Hunkeler
Manufacturing AG, Switzerland.
Hunkeler Systeme
AG, Switzerland.
12497861
0241889
Chief
Executive: Mr. Franz Hunkeler
Contact Persons: Mr. Peter Roos (Graphic)
Mr. Patrick
Lehmann (POPP)
Nominal Share
Capital: HK$100,000.00 (Divided into
1,000 shares of HK$100.00 each)
Issued Share Capital:
HK$100,000.00
(As per registry dated 14-02-2013)
|
Name |
|
No.
of shares |
|
Hunkeler AG CH-4806,
Wikon, Switzerland. |
|
999 |
|
Stefan HUNKELER |
|
1 |
|
|
|
––––– |
|
|
Total: |
1,000 ==== |
(As per registry dated 14-02-2013)
|
Name (Nationality) |
Address |
|
Franz HUNKELER |
Rebbergstrasse 41a, CH-4800 Zofingen, Switzerland. |
|
Stefan HUNKELER |
Weiherstrasse 17, CH-4800, Zofingen, Switzerland. |
(As per registry dated 14-02-2013)
|
Name |
Address |
Co.
No. |
|
General
Secretarial Ltd. |
Room 1501, 15/F., Yu Sung Boon Building, 107-111 Des Voeux Road
Central, Hong Kong. |
0731960 |
The
subject was incorporated on 14th February, 1989 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: Importers and Agent; Wholesalers.
Lines: Paper processing, graphic print processing, and waste disposal equipment and systems.
Agents for:-
|
Brand |
Product |
Country of Origin |
|
WEB-FINISHING |
Forms converting machines |
Switzerland |
|
POPP-SYSTEM |
Paper handling equipment |
Switzerland |
|
MASTER MAILER |
Sheet finishing system |
Switzerland |
|
- |
Waste evaluation system |
Switzerland |
Employees: 6.
Commodities Imported: Mainly imported from Switzerland.
Market: China, other Asian countries, etc.
Terms/Sales: Various terms.
Terms/Buying: L/C or open account.
Nominal Share Capital: HK$100,000.00 (Divided into 1,000 shares of HK$100.00 each)
Issued Share Capital: HK$100,000.00
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active and satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Swiss Bank Corporation, Hong Kong Branch.
Standing: Good.
Hunkeler
Far East Ltd. is an overseas subsidiary of Hunkeler AG [Hunkeler], a
Switzerland-based company, to offer direct sales and sales support to Hunkeler
agents throughout the Asia Pacific Rim.
Hunkeler
is a leading international producer of equipment and system solutions for paper
processing. Hunkeler has been producing
and marketing paper processing, print processing, and waste disposal systems
worldwide for more than 86 years.
The
subject offers customers with the following products:
·
Digital
Advanced
pre- and post solutions for high performance digital print systems covering
print on demand, computer centres and direct mailing
·
Web finishing
Modular
systems to produce application-based, organizational, communication and
advertising media
Its
customers are:
Printers
and in-house print shops, Publishers, Mailing service providers, Form manufacturers,
Advertising agencies, Banks, Insurance companies, Post offices,
Telecommunications companies, Authorities and associations, Computer centre
service providers, Letter shops, Book binders, Businesses in the finishing
sector, Packaging industry companies, Digital printing machinery manufacturers,
Finishing suppliers, etc.
The
origin of the group dates back to 1922 when brothers Josef, August and Franz
Hunkeler established Hunkeler Brothers general partnership, trading in
consumables and machines for bookbinding.
In 1938, simple bookbinding machines such as book presses and round
cornering machines as well as baling/packing presses were produced in-house for
the first time. In 1960, it expanded
fabrication and engineering office. In
1967, Brothers Josef and Franz Hunkeler died within 10 months of each
other. Company management was assumed by
Arthur, Rolf and Franz Hunkeler. In
1976, expansion of manufacturing premises by acquisition of German firm
GTG-Ballenpressen. In 1981, launch of
first Hunkeler rotary continuous finishing systems and establishment of
Hunkeler direct sales agencies in Germany and Sweden. In 1988, founded subsidiaries in
America, Hong Kong and the Netherlands.
In 1990, Franz Hunkeler assumed company management. Meanwhile Hunkeler Holding AG was
established. In 1996, Hunkeler was
decentralized into three compact and strategic Business Units: POPP (Printer
Online Paper Processing), Graphics, and Waste Disposal Systems (through Hunkeler
Systeme AG). In 1998, Hunkeler AG and
Hunkeler Systeme AG received ISO 9001 certification. In 1999, Hunkeler Deutschland GmbH also
received ISO 9001 certification. In
1999, Hunkeler AG further received the IBFI Innovation of the Year Award 1999.
Since
1996, Hunkeler has been subdivided into the POPP, Graphics and Waste Disposal
Business units.
The
Hunkeler POPP Business Unit (Printer Online Paper Processing) specializes in
the development, production and integration of precision-engineered paper
processing systems for digital continuous and cut-sheet high-performance
printers by Océ, IBM, Xeikon, Xerox and other suppliers. These high-performance solutions serve
computer centres, mailrooms, and lettershops, as well as print-on-demand,
finish-on-demand, and books-on-demand centres.
In addition, the POPP Business Unit also offers paper robot systems for
the fully automatic commissioning or storage and output of print jobs.
The
Hunkeler Graphics Business Unit produces and markets offline web finishing
systems for the production of integrated plastic cards for temporary IDs,
customer and business cards on the one hand, and integrated labels for shipping
documents, laboratory forms, and labelling on the other hand. These systems can also be used to produce direct
mailings. The Graphics Business Unit
product range also includes an automatic sheet end gluer for producing
greetings cards, photo frames and the gluing of postcards, for example.
The
Hunkeler Waste Disposal Business Unit provides customized turnkey system
solutions for the collection, transport, compression, and crushing of paper,
cardboard, plastic, and other valuable substances. The use of small, compact machines as well as
special system solutions enables to meet the demanding requirements of targeted
waste management.
With
its own marketing companies and a comprehensive network of distributors and
agents, Hunkeler has a solid presence throughout the world.
Hunkeler
is still a family business. It is
jointly owned and managed by Franz Hunkeler (2nd generation) and Stefan
Hunkeler (3rd generation).
The
Group has had 250 employees. Besides the
subject, Hunkeler has subsidiary companies in Germany, Italy and
representations worldwide.
The
history of the subject in Hong Kong is over 24 years.
On
the whole, in view of the parentage of the subject, consider it good for normal
business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
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.