MIRA INFORM REPORT
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Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Neuman Holding (Hong Kong) Ltd. |
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Registered Office : |
C/o Burney Wu-Scharsig Ltd. Unit 1301, 13/F., Chung Nam Building, 1 Lockhart Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.03.1999 |
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Com. Reg. No.: |
30383133 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Manufacturer of All kinds of Aluminium Products
etc. |
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No. of Employees : |
Nil |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
No Operating Office in Hong Kong |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Hong Kong |
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 - 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
NEUMAN HOLDING
(HONG KONG) LTD.
ADDRESS: c/o
Burney Wu-Scharsig Ltd.
Unit 1301, 13/F.,
Chung Nam Building, 1 Lockhart Road, Wanchai, Hong Kong.
PHONE: 2116
9781
FAX: 2117
1879
Managing Director: Mr. Juquan Liu
Incorporated on: 26th March, 1999.
Organization: Private Limited Company.
Capital: Nominal:HK$10,000.00
Issued: HK$1,000.00
Business Category: Importer,
Exporter and Manufacturer.
Employees: Nil.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o Burney Wu-Scharsig Ltd.
Unit 1301, 13/F., Chung Nam Building, 1 Lockhart Road, Wanchai, Hong
Kong.
Holding Company:-
Fried. v. Neuman GmbH, Austria.
Ultimate Holding
Company:-
CAG Holding Gesellschaft mbH, Austria.
China Factory:-
Neuman (Xinhui) Alloy Material Co. Ltd.
46, Jinzhou Road, Jiangmen City, Guangdong Province, China.
[Tel: 86-750-6362 627 Fax:
86-750-6362017]
E-mail: office@neumanxinhui.com]
Associated
Companies:-
CAG USA Inc., US.
C-Care LLC, US.
Neuman Aluminium Austria GmbH, Austria.
Neuman Aluminium Fliesspresswerk GmbH, Germany.
Neuman Aluminium Fliesspresswerk Slovakia s.r.o., Slovakia.
Neuman Aluminium Impact Extrusion Inc., US.
Raufoss Automotive Components (Suzhou) Co. Ltd., China.
Raufoss Automotive Components Canada L.P., Canada.
Raufoss Technology AS, Norway.
Stolzle - Oberglas GmbH, Austria.
Tubex Holding GmbH, Germany.
Jonathan Product LLC, US.
30383133
0670818
Managing Director: Mr. Juquan Liu
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of
HK$10.00 each)
Issued Share Capital: HK$1,000.00
(As per registry dated 26-03-2013)
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Name |
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No. of shares |
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Fried.v.Neuman GmbH Werkstrasse 1, 3182, Marktl, Austria. |
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100 === |
(As per registry dated 26-03-2013)
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Name (Nationality) |
Address |
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Volkmar DITTRICH |
Wernerstrasse 47, A-3100 St. Poelten, Austria. |
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Juquan LIU |
Jinzhou Road 46, Xinhui, Jiangmen City, Guangdong Province, China. |
(As per registry dated 26-03-2013)
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Name |
Address |
Co. No. |
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Burney Wu-Scharsig Ltd. |
Unit 1301, 13/F., Chung Nam Building, 1 Lockhart Road, Wanchai,
Hong Kong. |
0515747 |
The subject was incorporated on 26th March, 1999 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 Manufacturer.
Lines: All
kinds of aluminium products, etc.
Employees: Nil.
Commodities Imported: China,
Europe, etc.
Markets: Asian
countries, Germany, other European countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$10,000.00
(Divide0d into 1,000 shares of HK$10.0 each)
Issued Share Capital: HK$1,000.00
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: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Small.
Having issued 100 ordinary shares of HK$10.00 each, Neuman Holding (Hong
Kong) Ltd. is a wholly-owned subsidiary of Fried. v. Neuman GmbH which is an
Austria-based firm.
The directors of the subject are Volkmar Dittrich and Mr. Liu
Juquan. The former is an
Austria-passport holder while the latter is a China merchant. He is a Germany passport holder.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit 1301, 13/F., Chung Nam Building, 1 Lockhart Road,
Wanchai, Hong Kong” known as “Burney Wu-Scharsig Ltd.” which is handling its
correspondences and documents. Burney Wu‑Scharsig
is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. It belongs to the Neuman Aluminium Group
which is Austria-based.
The subject has got an associated company Neuman (Xinhui) Alloy Material
Co. Ltd. [Neuman (Xinhui)] which is in Jiangmen City, Guangdong Province,
China. Your given phone number
86-750-6362627 belongs to this firm.
Neuman Aluminum is an international group of companies that develop and
manufacture high quality aluminum items.
More than 1,000 highly trained employees are working at several
manufacturing locations around the globe.
They have the knowledge, experience and capacities to solve technical
problems of all kinds of aluminum parts.
Neuman Aluminum has had a subsidiary company Raufoss Technology
A.S. Raufoss Technology is a privately
held corporation fully owned by Neuman Aluminium supplying aluminum components,
systems and services to the global automotive industry.
CAG Holding solely owned by Dr. Cornelius Grupp is the owner of Neuman
Aluminium, CAG Holding is a company network within manufacturing with a wide
product range covering slugs, direct extrusion, impact extrusion, packaging
components, roof systems, glass- and fiber products. CAG has approximately 5,000 employees
worldwide.
Raufoss Technology is headquartered in Raufoss, Norway and has
manufacturing units in Boisbriand, Canada and Suzhou, China. The company has 240 employees in total and
had a total sales income in 2011 on approx EUR 85 million.
Raufoss Technology is engaged in the development, design, testing and
manufacturing of hot formed and cold formed aluminum suspension systems as a
Tier1 supplier to the OEM’s globally.
The associated company of Raufoss Technology in China is known as Raufoss
Automotive Components (Suzhou) Co. Ltd.
The subject is fully supported by the Neuman Aluminium Group. However, its business in Hong Kong is not
active. History in Hong Kong is over
fourteen years.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis
or in very small credit amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.89 |
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1 |
Rs.83.66 |
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Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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.