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Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
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Name : |
FORTUNE SHIP TECHNOLOGY (HK) LTD. |
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Registered Office : |
C/o Alpha Partners, Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.03.2012 |
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Com. Reg. No.: |
59470498 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Electronic Product. |
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No. of Employees : |
Not Available |
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) |
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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 - 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.
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Source : CIA |
FORTUNE SHIP TECHNOLOGY (HK) LTD.
C/o Alpha Partners
Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central, Hong Kong.
PHONE: 2512 0588
FAX: 2512 0580
Managing Director: Mr. Yao Jiang Chao
Incorporated on: 1st March, 2012.
Organization: Private Limited Company.
Capital: Nominal:HK$10,000.00
Issued: HK$10,000.00
Business Category: Electronic Product Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Alpha Partners
Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central, Hong Kong.
Holding Companies:-
Shenzhen Fortune Ship Technology Co. Ltd.
Room 401, A-B District, TCL King Electronics Company, 33 Nanhai Road, Nanshan District, 518067 Shenzhen Special Economic Zone, China.
[Tel: 86-755-21608600 or 86-755-21608678
Fax: 86-755-26027070 Email: cngdsznslyz@163.com ]
Associated Company:-
Huizhou Fortune Ship Technology Co. Ltd., China.
59470498
1711624
Managing Director: Mr. Yao Jiang Chao
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 01-03-2012)
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Name |
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No.
of shares |
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Shenzhen Fortune Ship Technology Co. Ltd. No. 401, A B District, TCL Ace Electronics
Company, No. 33 Nanhai Road, Nanshan District, Shenzhen, China. |
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10,000 ===== |
(As
per registry dated 01-03-2012)
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Name (Nationality) |
Address |
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YAO Jiang Chao |
No. 2 Lejin Road West, Huicheng District,
Huizhou City, Guangdong Province, China. |
(As
per registry dated 17-03-2012)
|
Name |
Address |
Co.
No. |
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Worldtrade Business Consulting (HK) Ltd. |
Flat A, 7/F., Kwun Ngan House, 751A Nathan Road, Mongkok, Kowloon,
Hong Kong. |
1004807 |
The subject was incorporated on 1st March, 2012 as a private limited liability company under the Hong Kong Companies Ordinance.
Initially the subject’s registered address was located at c/o Conson Secretarial Ltd., Room 703, 7/F., Kowloon Building, 555 Nathan Road, Kowloon, Hong Kong, moved to the present address with effect from 17th March, 2012, as the subject has changed its commercial service provider.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Electronic Product Trader.
Lines: Mobile phones, electronic products, electronic devices
Employees: Nil.
Commodities Imported: Europe, US, Asian countries, etc
Markets: China, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Fortune Ship Technology (HK) Ltd. is wholly owned by Shenzhen Fortune Ship Technology Co. Ltd. [SFST] which is a China-based firm.
The only director of the subject Mr. Yao Jiang Chao is a China merchant. He is a China ID Card holder and does not have the right to reside in Hong Kong permanently.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central, Hong Kong known as Alpha Partners which is handling its correspondences and documents. It has no employees in Hong Kong.
Yao Jiang Chao is the legal representative of SFST.
SFST is trading in the following commodities: mobile phones, electronic products, electronic devices, etc. Commodities are sourced from China, prime markets are China, Japan, other Asian countries, Europe, etc.
The subject has registered with the Office of the Communications Authority (OFCA), The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of RU00152962-RU.
In late 2011, SFST decided to build a factory in Huizhou City, Guangdong Province, China. Having a site area of about 30,000 sq.m., this firm is known as Huizhou Fortune Ship Technology Co. Ltd. [Huizhou Fortune Ship].
Huizhou Fortune Ship commenced business on 30th March, 2012. On 7th July, 2012, this firm got ISO9001:2008 certification.
According to the subject, the monthly export of Huizhou Fortune Ship is about 1.5 million handsets.
Fortune Ship has 8 production bases, a total of 80 SMT lines and 60 assembly lines. There are nearly 20,000 square meters and more than 1,500 workers in Huizhou Fortune Ship factory. The company has introduced many advanced technologies and facilities from overseas, such like FUJI (XP series, NXT series chip mounter), MPM UP2000 printer, JT, Reflow oven, EL-EM5700N automatic sub-board machine, X-RAY, thickness measurement, and so on.
Moreover, Huizhou factory will strengthen the products line, ensure quality continuously, and provide high quality after-sales service, to make it one of the most competitive companies in communication industry.
It is also likely that SFST deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. SFST also exports mobile phones to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over eight months.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.92 |
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UK Pound |
1 |
Rs.99.60 |
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Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.