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Report Date : |
18.10.2013 |
IDENTIFICATION DETAILS
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Name : |
HUA KE
SUPPLY CHAIN (HK)
LTD |
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Registered Office : |
Unit 601, 6/F., Grandtech Centre, 8 On Ping Street, Siu
Lek Yuen, Shatin, New Territories |
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Country : |
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Date of Incorporation : |
26.01.2011 |
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Com. Reg. No.: |
53687912 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler
of Numerical products, telecommunication products, mobile phones, computers,
peripherals, IT products, instruments & metres, electronic products. |
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No. of Employees : |
04 |
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 : |
Small Company |
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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 – March 31st, 2013
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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 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.
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Source : CIA |
HUA KE SUPPLY CHAIN (HK) LTD.
Unit 601, 6/F., Grandtech Centre, 8 On Ping Street, Siu Lek Yuen, Shatin, New Territories, Hong Kong.
PHONE: 852-2148 9668
FAX: 852-3586 9616, 3105 9668, 3105 9776
Managing Director: Mr. Chen Shaoqing
Incorporated on: 26th January, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: China Construction Bank Corporation, Hong Kong Branch
Banking Relation: Satisfactory
Registered Head
Office:-
Unit 601, 6/F., Grandtech Centre, 8 On Ping Street, Siu Lek Yuen, Shatin, New Territories, Hong Kong.
Holding Company:-
Shenzhen Xinlikang
Supply Chain Management Co. Ltd.
Unit A, 36/F., Tower A, NEO Building, 6011 Shennan Road, Futian District, Shenzhen, China.
[Tel: 0755-82538333
Fax: 0755-82538222]
Associated
Companies:-
Hua Ke Electronic (H.K.) Co. Ltd., Hong Kong. (Same address)
Hua Ke Logistics (HK) Ltd., Hong Kong.
53687912
1556182
Managing Director: Mr. Chen Shaoqing
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry
dated 26-01-2013)
|
Name |
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No. of shares |
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Shenzhen Xinlikang Supply Chain Management Co. Ltd. Unit A,
36/F., Tower A, NEO Building, 6011 Shennan Road, Futian District, Shenzhen,
China. |
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1,000,000 ======= |
(As per registry
dated 26-01-2013)
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Name (Nationality) |
Address |
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PENG Shaoduan |
Room 603, Block 4, Jinzhou
Garden, Futian District, Shenzhen Special Economic Zone, China. |
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PENG Huanlin |
Room 2202, Block 9, Golden
Garden, Futian District, Shenzhen Special Economic Zone, China. |
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Chen Shaoqing |
17 Zhenmei Trading Centre,
Guiyu, Chiaoyang District, Shantou Special Economic Zone, China. |
(As per registry
dated 26-01-2013)
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Name |
Address |
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LI Nga Mei |
Room 705, 7/F., Sheung Yee House, Sheung Tak Estate,
Tseung Kwan O, New Territories, Hong Kong. |
The subject was incorporated on 26th January, 2011 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 Wholesaler.
Lines: Numerical products, telecommunication products, mobile phones, computers,
peripherals, IT products, instruments & metres, electronic products.
Employees: 4.
Commodities Imported: China, other Asian countries, etc.
Markets: Japan, India, other Asian countries, Europe, the Middle East, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Mortgage or Charge: (See attachment)
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: Satisfactory
Banker: China Construction Bank Corporation, Hong Kong Branch.
Standing: Small.
Having issued 1 million ordinary shares of HK$1.00 each, Hua Ke Supply Chain (HK) Ltd. is a wholly owned subsidiary of Shenzhen Xinlikang Supply Chain Management Co. Ltd. [Xinlikang], a China-based firm.
The subject has had an associated company located at the same address known as Hua Ke Electronic (H.K.) Co., Ltd., also a Hong Kong registered firm.
The subject is
trading in the following commodities:-
Numerical products, telecommunication products, mobile phones, computers, computer peripherals, IT products, instruments & metres, electronic products.
Xinlikang was established in November 2003 as a limited liability company. With a registered capital of RMB55 million Yuan, it is jointly owned by three China natural persons, namely, Peng Shaoduan, holding 21.82% interests, Chen Shaoqing, holding 74.54% interests and Peng Huanlin, holding 3.64%.
The subject is one of the national leaders in the field of supply chain management.
Xinlikang provides its clients with “one-stop supply chain services” including global procurement, distribution, VMI inventory management, virtual production, customs clearance, transportation management, warehousing, payments settling, information management, etc.
Customers are domestic enterprises involved in consumer electronics, communication equipment, instruments & meters and auto electronics.
Xinlikang has set up a delivery centre at Zhongyuntai Sci-Tech Industrial Park, Tangtou Industrial Zone, Shiyan, Bao’an District, Shenzhen Special Economic Zone and branch offices in Shanghai, Beijing, Hong Kong, etc.
Xinlikang imports various kinds of electronics and electronic components from Hong Kong, Japan, Europe, the United States, etc. for its customers.
In the field of logistics, Xinlikang has signed long-term cooperative ties with large‑sized airlines such as Air China, Hainan Airlines, China Southern Airlines, Shenzhen Airlines, etc.
In 2011, Xinlikang’s operating income amounted to RMB211.0 million Yuan, total profit was RMB11.2 million Yuan. Profit margin was good in the year.
The subject is fully supported by Xinlikang. History is just over two years and eight months.
On the whole, since the history of the subject is short, consider it good for normal business engagements on L/C basis.
|
Date |
Particulars |
Amount |
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29-08-2011 |
Instrument: Assignment Property: All the rights, title, interest, benefits and entitlement in and to the contracts including but not limited to the right to receive or claim for all amounts payable to the assignor thereunder and all claims for compensation and damages arising out of any breach of the other parties thereto from time to time Mortgagee: China Construction Bank Corporation, Hong Kong Branch. |
To secure all of the obligations whether in respect of
principal, interest, fees, commission. charges or otherwise of the assignor
towards the bank under the facility letter or any other facility letter form
time to time be entered into by the assignor & the bank or otherwise |
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29-08-2011 |
Instrument: Charge Over Securities Property: A fixed charge and assigns and releases to the Bank all the company’s interest in and rights to all stocks, share, bonds, debentures, certificates of deposit, promissory notes, units in any collective investment scheme or unit trust and all other securities of any kind whatsoever Mortgagee: China Construction Bank Corporation,
Hong Kong Branch. |
All moneys, obligations & liabilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.58 |
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|
1 |
Rs.98.51 |
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Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.