|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPORTS
TECHNOLOGY INTERNATIONAL (ASIA)
LTD. |
|
|
|
|
Formerly Known as: |
Sports Technology
Hong Kong Ltd. |
|
|
|
|
Registered Office : |
c/o Moore Stephens Associates Ltd., Suite 905, 9/F., Silvercord Tower 2, 30 Canton Road, Tsimshastui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
14.01.2000 |
|
|
|
|
Com. Reg. No.: |
30695095 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Wholesaler and Retailer of all kinds of sporting goods and equipment. |
|
|
|
|
No. of Employees : |
07 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
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 |
SPORTS TECHNOLOGY INTERNATIONAL (ASIA) LTD.
Suite 504, 5/F., Chinachem Leighton Plaza, 29 Leighton Road, Causeway Bay, Hong Kong.
PHONE: 2882 3026, 2882 3054
FAX: 2882 3825
E-MAIL: asia@sti-sports.com
Managing Director: Mr. Stephen Raymond Niven
Incorporated on: 14th January, 2000.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Sports Goods Importer, Wholesaler and Retailer.
Employees: 7.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o Moore Stephens Associates Ltd.
Suite 905, 9/F., Silvercord Tower 2, 30 Canton Road, Tsimshastui, Kowloon, Hong Kong.
[Tel: 2375 3180; Fax: 2375 3828]
Head Office:-
Suite 504, 5/F., Chinachem Leighton Plaza, 29 Leighton Road, Causeway Bay, Hong Kong.
Holding Company:-
Sportfield Beteiligungen GmbH, Germany.
Intermediate
Holding Company:-
Advanced Polymer Technology Australasia Pty. Ltd., Australia.
Ultimate Holding
Company:-
Advanced Polymer Technology Corporation, USA.
Affiliated
Companies:-
APT Chemieprodukte GmbH, Germany.
Sports Technology International (NZ) Ltd., New Zealand.
Sports Technology International Pty. Ltd., Australia.
30695095
0700988
Managing Director: Mr. Stephen Raymond Niven
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
(As per registry
dated 14-01-2013)
|
Name |
|
No.
of shares |
|
Sportfield Beteiligungen
GmbH Gewerbering
3, D-86666 Burgheim, Germany. |
|
100 === |
(As per registry
dated 14-01-2013)
|
Name (Nationality) |
Address |
|
Robert John
CAREY |
210 Good Lane, Pittsburgh, PA
15237, USA. |
|
Andreas M.
SCHULZE ISING |
1100 Liberty Avenue, Apartment
1107, Pittsburgh, PA 15222, USA. |
|
Stephen
Raymond NIVEN |
Flat D, 28 Caperidge Drive,
Peninsula Village, Discovery Bay, Lantau Island, Hong Kong. |
(As per registry
dated 14-01-2013)
|
Name |
Address |
Co.
No. |
|
First Island Secretaries Ltd. |
Suite 905, 9/F., Silvercord Tower 2, 30 Canton Road,
Tsimshastui, Kowloon, Hong Kong. |
0049295 |
The subject was incorporated on 14th January, 2000 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Uni Ltd., name changed to Sports Technology Hong Kong Ltd. on 25th February, 2000; to Sports Technology (Asia) Ltd. on 19th May, 2000; and further to the present style on 8th April, 2006.
Formerly the subject’s registered office was located at 15/F., Alexandra House, 16-20 Chater Road, Central, Hong Kong, moved to 18/F., CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong with effect from 26th March, 2001 and further moved to the present address in August 2002.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Wholesaler and Retailer.
Lines: All kinds of sporting goods and equipment.
Employees: 7.
Commodities Imported: Imported from Europe, US, etc.
Markets: Hong Kong, China and other Asian countries.
Terms/Sales: CAD or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active 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: Good.
Sports Technology International (Asia) Ltd. is a wholly-owned subsidiary of Sportfield Beteiligungen GmbH which is a Germany-based firm. Its intermediate holding company Advanced Polymer Technology Australasia Pty. Ltd. [APTA] is an Australia-based firm. The ultimate holding company of the subject Advanced Polymer Technology Corporation [APTC] is a US-based firm.
The abbreviation of the subject, including its associated offices in the United States and Australia, is known as STI.
The subject is importing and wholesaling all kinds of sporting goods, equipment and materials for synthetic sports surfaces. It is famous for its elite sports surfaces.
The followings are some of the brand names carried by STI:-
SuperGrass, Spurton, Pro Master, Rekortan, Poligras, Policlay, OmniCourt, Laykold, etc.
APTA is a well respected world leader in the design and manufacture of synthetic sports surfaces. Its modern manufacturing premises is located in Dandenong, Australia, and houses its office, warehouse and manufacturing facilities – including a dedicated R&D facility. Melbourne is APTA’s head office with sales offices in Queensland, New Zealand and Hong Kong. The sales office in Hong Kong is the subject.
With more than fifteen years experience, APTA has become a globally known manufacturer and it has successfully built their brands such as “Poligras”, “Supergrasse”, “Spurtan” and “Rekortan” in both local and international markets.
APTA was engaged
in the following large projects:-
· 2001 Brisbane Goodwill Games Running Track;
· 2006 Commonwealth Games Melbourne Hockey Pitches;
· 2006 Doha Asian Games Hockey Pitches; &
· 2008 Beijing Olympic Hockey Pitches.
APTC is an innovative supplier of coatings and adhesive raw materials for the construction, maintenance, architectural, transportation, furniture and industrial finishing markets. It also provides customers with raw materials such as aliphatic and aromatic based polyisocyanate prepolymers, polyester, polyol and polyether co-reactants for one and/or two-component systems like liquid moisture cured adhesives, reactive hot-melt adhesives, coatings, sealants and other polyurethane [PUR] related products.
APTC designs, manufactures, and sells polyurethane-based materials and synthetic turf products in the United States, Germany, Australia, New Zealand, Asia, and the Middle East.
APTC offers sports surface products, such as synthetic track and turf, court surface, gym floor, in-line skating surface, and playground surface components for soccer, rugby, American football, hockey, basketball, golf, tennis, cricket, outdoor courts, leisure areas, jogging tracks, and landscaping applications. APTC also provides coatings for concrete, asphalt, wood, and metal applications; crack bridging and waterproofing systems for parking decks, pedestrian walkways, bridges, and balconies; and coating systems for factories, mechanical rooms, warehousing areas, locker rooms, and lavatories, as well as solvent-containing coatings for concrete applications.
In addition, APTC also offers adhesive raw materials, such as polyster raw materials, polyol raw materials, and specialty prepolymers; and primer and waterproofing protection solutions. It serves construction, chemical, maintenance, architectural, transportation, furniture, and industrial finishing markets. It sells its products through a network of agents in the United States and internationally. APTC was founded in 1994 and is based in Harmony, Pennsylvania, the United States, with additional offices in Sydney, Brisbane, Auckland, Germany, Harmony, and Hong Kong. The Hong Kong office is the subject.
It operates manufacturing facilities in the United States, Shanghai, and Melbourne.
Its products have been approved by many of the world’s sports governing bodies.
The subject is fully supported by APTC. History in Hong Kong is over thirteen years and two months. Managing Director is Mr. Stephen Raymond Niven who is a Hong Kong ID card holder. He has been in Hong Kong for a very long time.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
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.