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Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MONFORTS FONG’S TEXTILE MACHINERY ( |
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Registered Office : |
Em Macau, Avenida Da Praia Grande N's 762-804,
China Plaza J8 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.10.2005 |
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Com. Reg. No.: |
SO 22647 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject is engaged in the Manufacturing and sales
of dry finishing equipments and systems |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Since opening up its locally-controlled casino industry to
foreign competition in 2001,
|
Source
: CIA |
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MONFORTS FONG’S TEXTILE MACHINERY ( |
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Company Name (in Portuguese): |
Monforts Fong’s Textile Maquinaria
(Commercial Offshore De Macau) Limitada |
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Supplied Name: |
Monforts Fong's Textile Machinery ( |
|
Trading Address: |
Em Macau, Avenida Da Praia
Grande N's 762-804, China Plaza J8 |
|
Supplied Address: |
Unit J,8/F, |
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Telephone Number: |
+853-2871-7013 |
|
Monforts Fong’s Textile Machinery (Macao Commercial
Offshore) Company Limited |
|
|
Registered
Address: |
Em Macau, Avenida Da Praia Grande N's 762-804,
China Plaza J8 |
|
Date of
Registration: |
2005-10-20 |
|
Business Registered Number: |
SO 22647 |
|
Legal Form: |
Private
Limited Liability Company |
|
Registered Capital: |
MOP 100,000 (USD 12,490) (As of 2014.02, 1 MOP = 0.1249 USD) |
|
Principal Activities: |
Manufacturing and sales of dry finishing
equipments and systems |
|
Staff: |
N/A |
|
Listed at
Stock Exchange: |
No |
|
Information Ended at: |
2014-1-24 |
Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated on 2005-10-20 with registered number SO 22647 as Private
Limited Liability Company in
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Fong’s
Projects Holding Limited |
50,000 |
50% |
|
ABT
Vermogensverwaltungs-Gesellschaft MBH |
50,000 |
50% |
|
Total |
100,000 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
Fong’s
Projects Holding Limited |
|
Address: |
|
|
2 |
|
|
Name: |
ABT
Vermogensverwaltungs-Gesellschaft MBH |
|
Address: |
Schwalmstr. 301,
41238 |
Parent Company
|
Name: |
Fong’s
Projects Holding Limited |
|
Address: |
|
|
Stake Interest in Subject : |
100% |
Ultimate Parent Company
|
Name: |
Fong's Industries Company Limited |
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Address: |
8/F., |
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Tel: |
+852-2497-3300 |
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Fax; |
+852-2432-2552 |
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Staff: |
About 4,900 Employees |
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Listed at Stock Exchange: |
Yes; (Public, TPE: HKG:0641) |
|
Description: |
The subject is engaged in the dyeing and finishing machines business
and stainless steel business. |
Related Companies
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1 |
|
|
Name: |
Fong's National Engineering (Shenzhen) Co., Ltd. |
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Address: |
17-19 Lixin Road, Danzhutou Industrial Zone, Nanwan Sub-District,
Longgang District, Shenzhen City, Guangdong, PRC |
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Tel |
+86-755-8473-6288 |
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Fax: |
+86-755-8473-6154 |
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Email |
|
|
2 |
|
|
Name: |
Fong's |
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Address: |
Milchgrundstrasse 32, 74523 |
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Tel |
+49-791-4030 |
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3 |
|
|
Name: |
Monforts Fong's Textile Machinery Co., Ltd. |
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Address: |
8/F., 22-28 Cheung Tat Road, Tsing Yi, Hong Kong |
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Tel |
+852- 2449-9887 |
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Fax: |
+852-2449-9770 |
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4 |
|
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Name: |
Fong's National Engineering ( Thailand ) Co., Ltd. |
|
Address: |
77/130 Room 1, 30/F, Unit C, Sinsathorn Tower, Klongtonsai, Klongsarn,
Bangkok, 10600, Thailand |
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Tel |
+91-11-2811-4724 |
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5 |
|
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Name: |
Fong's Technical Service (PVT) Ltd. |
|
Address: |
Plot Number 1,1, Community Center,Phase I, Mayapuri, New Delhi 110064 |
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Tel |
91-11-2811-4724 |
Note: It is introduced that subejct's group has many memebers
covering all over the world, we list 5 members as subejct's related companies
for references.
Core Management
Board of Directors:
|
1 |
|
|
Name: |
Wan, Wai Yung |
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Registered Address: |
Room B, 27F, Unit 2, Manhattan Hill, Po Lun Street 1, Lai Chi Kok,
Kowloon, Hong Kong |
|
Position: |
Director |
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Marital Status: |
Married |
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2 |
|
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Name: |
Wong Iok Ha |
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Registered Address: |
Unit F, 26f, Quanhong Garden Fu Yuan, No. 694, Dr Sun Yatsen Avenida
de Almeida Riberio, Taipa, macau |
|
Position: |
Director |
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Marital Status: |
Unmarried |
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3 |
|
|
Name: |
Ji Xin |
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Registered Address: |
Room D, 26f, Unit 5, Tierra Verde, Tsing Yi, Hong Kong |
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Position: |
Director |
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Marital Status: |
Married |
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4 |
|
|
Name: |
Lee, Che Keung |
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Registered Address: |
Room B, 10f, Haiyinge, Riviera Gardens, Tsuen Wan, New Territories,
Hong Kong |
|
Position: |
Secretary |
|
Marital Status: |
Married |
Offices & Factories
|
|
Office |
|
Address: |
Em Macau, Avenida Da
Praia Grande N's 762-804, China Plaza J8 |
Premises Information
Office address:
|
Address: |
Em Macau, Avenida Da Praia Grande N's 762-804,
China Plaza J8 |
|
Owners: |
Lee Chan Wing
Francis |
|
Matriz: |
72019 |
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Nature: |
Urban |
|
Duration: |
-- |
Production Information
·
Subject is engaged in manufacturing of dry finishing equipments and systems
·
Subject has factories in the mainland of China for production.
Purchase Information
The components and raw material for
production are purchased from both home and abroad.
Sales Information
·
The subject is mainly engaged in sales of dry finishing equipments and systems
·
The subject sales regions include Asia, America, Europe
·
Subject sells the product with the brand of “fong’s”
Purchase
Domestic Markets
|
Products |
Terms |
Proportion |
|
Components
and raw material |
Cash, T/T |
100% |
Overseas Markets
|
Products |
Terms |
Proportion |
|
Components
and raw material |
L/C |
100% |
Domestic Markets
|
Terms |
Proportion |
|
|
Equipments |
Cash, T/T |
100% |
Overseas Markets
|
Product |
Terms |
Proportion |
|
Equipments |
L/C |
100% |
The subject has no obligation to supply its financial statement to the
third party according to the relevant policy in Hong Kong and the only source
from which we can obtain the information is the subject itself.
We found the consolidated financial
information of subject’s ultimate parent company (Fong's Industries
Company Limited) from public files for
reference.
Unit: HKD/ 000
|
|
2012-12-31 |
2011-12-31 |
|
1,457,009 |
631,059 |
|
|
Current Assets |
1,743,213 |
1,482,307 |
|
Total Assets |
3,200,222 |
2,113,366 |
|
1,879,233 |
1,107,049 |
|
|
Non- current
Liabilities |
182,629 |
13,622 |
|
Total
Liabilities |
2,061,862 |
1,120,671 |
|
Total liabilities
and Total assets |
1,138,360 |
992,695 |
|
Sales |
2,126,467 (USD 274,314,243) |
2,198,608 (USD 283,620,432) |
|
Net Income |
518,156 |
582,898 |
(As of 2014.1, 1
HKD = 0.1290 USD)
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
|
Name: |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.