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Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
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Name : |
UNISCOPE ELECTRONICS CO. LTD. |
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Registered Office : |
Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.06.2006 |
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Com. Reg. No.: |
36846274 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of all kinds of mobile phones, accessories, etc. |
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No. of Employees : |
4. |
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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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'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
UNISCOPE ELECTRONICS
CO. LTD.
Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong
Kong.
PHONE: 2512 6078
FAX: 2512 6068
Managing Director: Mr. Gu Xinhui
Incorporated on: 13th
June, 2006.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Mobile phone trader.
Group Revenues: RMB4,519.1
million Yuan (Year ended 31-12-2011)
Employees: 4.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point,
Hong Kong.
Operating Office:-
Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point,
Hong Kong.
Associated
Companies:-
Datang Telecom Technology Co. Ltd., China.
Shanghai Huntel Technologies Co. Ltd., China.
Shanghai Uniscope Electronics Co. Ltd., China.
Shanghai Uniscope Technologies Co. Ltd., China.
Uniscope Technologies(Qidong) Co. Ltd., China.
Uniscope Electronic (Qidong) Co. Ltd., China.
Zhejiang Pujie Communication Technology Co. Ltd., China.
36846274
1051975
Managing Director: Mr. Gu Xinhui
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 13-06-2012)
|
Name |
|
No. of shares |
|
GU Xinhui |
|
10,000 ===== |
(As per registry dated 13-06-2012)
|
Name (Nationality) |
Address |
|
GU Xinhui |
Room 2602, No. 23, Lane 8, South Qinzhou Road, Shanghai, China. |
(As per registry dated 13-06-2012)
|
Name |
Address |
Co. No. |
|
Associated Consultants Ltd. |
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong
Kong. |
0466631 |
The subject was incorporated on 13th June, 2006 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: Mobile
phone trader.
Lines: All
kinds of mobile phones, accessories, etc.
Employees: 4.
Commodities Imported: China, etc.
Markets: China,
other Asian countries, etc.
Group Revenues: RMB4,027.9 million Yuan
(Year ended 31-12-2010)
RMB4,519.1 million Yuan (Year
ended 31-12-2011)
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: As
per contracted.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Group Net Profit: RMB183.8 million Yuan
(Year ended 31-12-2010)
RMB 95.0 million Yuan (Year ended 31-12-2011)
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
Bank of
China (Hong Kong) Ltd., Hong Kong.
Standing:
Small.
Having issued
10,000 ordinary shares of HK$1.00 each, Uniscope Electronics Co., Ltd. is
wholly owned by Mr Gu Xinhui who is a China merchant. He is a China passport holder and does not
have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject’s
registered office is in a commercial service firm located at “Unit D, 12/F.,
Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong” known as
“Associated Consultants Ltd.” which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
The subject,
trading in mobile phones, has had an affiliated company known as Shanghai
Uniscope Technologies Co. Ltd. [SUT] which is in Shanghai, China. Shanghai Uniscope is a subsidiary company of
Datang Telecom Technology Co. Ltd. [Datang] which is a Shanghai-based firm. It is also a listed firm in China.
SUT was
established in October 2005 and began working GSM mobile phone product design,
production and sales.
SUT’s current 2.5G
mobile communication terminal with GSM and CDMA product line, in the 3G mobile
communication terminals have the TD‑SCDMA and EVDO product lines and
product line in preparation for the establishment of WCDMA. At the same time it has established platform
and machine OEM smartphone platform, and established a complete production
platform. SUT has a wealth of product
lines and complete industrial chain form the structure of an increasingly
competitive.
The subject
another associated company Shanghai Uniscope Electronic Co. Ltd. [SUE] was
founded in August 2006. It is
responsible for the procurement of raw materials, production management, board
and sales business.
SUT’s products, GC
dual-mode products made overseas good results, the development of Indonesia’s
HiTech, Thailand, Wellcome, Fly and other known brands in India and carrier
customers. Its current markets are
Southeast Asia, the Middle East, South America and the other regions cover more
than 20 countries.
SUT is 51% owned
by Datang. The other 49% will be
acquired by GU Xinhui and another shareholder.
When the acquisition is completed, Gu and the other shareholder will
become minor shareholders of Datang.
As at end of 31st
December, 2011, the revenues of Datang amounted to RMB4,519.1 million Yuan, net
profits amounted to RMB95.0 million Yuan.
The subject’s
history in Hong Kong is over six years.
On the whole,
consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.40 |
|
UK Pound |
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.