|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNISCOPE
ELECTRONICS CO. LTD. |
|
|
|
|
Registered Office : |
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
13.06.2006 |
|
|
|
|
Com. Reg. No.: |
36846274 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Trader of all kinds of mobile phones & accessories |
|
|
|
|
No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 |
UNISCOPE ELECTRONICS CO. LTD.
Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.
PHONE: 852-2512 6078
FAX: 852-2512 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: RMB6,183.3 million Yuan (Year ended 31-12-2012)
Employees: 5.
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 Electronic
(Qidong) Co. Ltd., China.
Uniscope
Technologies(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 13-06-2013)
|
Name |
|
No. of shares |
|
GU Xinhui |
|
10,000 ===== |
(As per registry
dated 13-06-2013)
|
Name (Nationality) |
Address |
|
GU Xinhui |
Room 2602, No. 23, Lane 8,
South Qinzhou Road, Shanghai, China. |
(As per registry dated
13-06-2013)
|
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
Employees: 5.
Commodities Imported: China, etc.
Markets: China, other Asian countries, etc.
Group Revenues:-
RMB4,027.9 million Yuan (Year ended 31-12-2010)
RMB5,353.0 million Yuan (Year ended 31-12-2011) - [restated]
RMB6,183.3 million Yuan (Year ended 31-12-2012)
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 Income:-
RMB 66.0 million Yuan (Year ended 31-12-2010) - [restated]
RMB130.0 million Yuan (Year ended 31-12-2011) - [restated]
RMB168.9 million Yuan (Year ended 31-12-2012)
Profit or Loss: Making a small profit in Hong Kong.
Condition: Business is normal.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Good.
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’s operating office is located at the same building.
The subject, trading in mobile phones, has had an associated 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.
Datang is principally engaged in industries of microelectronics, software, communications access and terminals. It provides mobile phones, external data cards, internal data cards, chips, intelligent cards, intelligent card management systems, communications operation support systems, information technology (IT) services, industrial application solutions, wires and cables, as well as emergency communications systems, among others. It also involves in the provision of industrial application and communications services, including communications engineering, monitoring systems, mobile agent servers (MASs) and value-added services, among others. Datang operates its businesses primarily in domestic market.
SUT is 51% owned by Datang. The other 49% was acquired by GU Xinhui and another shareholder.
As at end of 31st December, 2012, the revenues of Datang amounted to RMB6,183.3 million Yuan, net profits amounted to RMB168.9 million Yuan. Total revenues and net income of Datang grew respectively in 2012 as compared with previous years.
The subject’s history in Hong Kong is over seven years.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.27 |
|
UK Pound |
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Report
Prepared by : |
NNA |
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.