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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
NEMO (H.K.) LTD. |
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Registered Office : |
c/o Pinetech Ltd. Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.08.2007 |
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Com. Reg. No.: |
34680062 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading in all kinds of lighting products |
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No. of Employees : |
No employees in Hong Kong It is to be noted that
the company does not have its own operating office in Hong Kong. The company
uses the address of its secretariat as its correspondence address only.
Subject operates from some other country and does not have a base in Hong
Kong. Such companies are registered in Hong Kong just to tax benefit purpose
and due to the strict privacy laws prevailing in the country. In such cases,
the companies are not required to have any employees in Hong Kong nor do have
an office there. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
|
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
(Formerly located at:
c/o Hong Kong Accountant Co.
Unit 1805, Level 18, Landmark North,
39 Lung Sum Avenue, Sheung Shui,
New Territories, Hong Kong. )
NEMO (H.K.)
LTD.
Registered Office:-
c/o Pinetech Ltd.
Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central, Hong Kong.
[Tel: 852-2815 4011, Fax: 852-2815 4022]
South Korea Office:-
No. 304, Digital Empire, 980-3, Youngtong-Dong, Youngtong-Gu, Suwon‑Si, Gyeonggi-Do, 443-813, South Korea.
[Tel: 82-70-7642-7350; Fax: 82-70-7621-5909
E-mail: dggang@nemocom.co.kr]
Shenzhen Office:-
Nemo (H.K.) Ltd. Shenzhen Representative Office
701-702, 7/F., International Chamber of Commerce Building B, Futian, Shenzhen, China.
[Tel: 86-755-8293-4368; Fax: +86-755-8293-4869
E-mail: michael@nemohk.com]
34680062
0905891
Managing Director: Mr. Lee Sang Jun
Nominal Share Capital: HK$3,000,000.00 (Divided into 3,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$3,000,000.00
SHAREHOLDER: (As per registry dated 11-06-2013)
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Name |
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No. of shares |
|
LEE Sang Jun |
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3,000,000 ======= |
DIRECTORS: (As per registry dated 08-10-2013)
|
Name (Nationality) |
Address |
|
LEE Sang Jun |
104-2101, Dong-A Apartment Jeongdun, Bundang, Sungnam Kyunggi-Do, Korea. |
|
Hoseok KANG |
Flat F, 18/F., Block 4, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong. |
SECRETARY: (As per registry dated 11-06-2013)
|
Name |
Address |
Co. No. |
|
Superfine Consultants Ltd. |
Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong. |
0797478 |
The subject was incorporated on 11th June, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the registered address of the subject was located at Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong where was the operating office of an accountant firm. It moved to the present address in December 2012 where is the operating office of Pinetech Ltd., a Hong Kong-registered firm.
Apart from these, neither material change nor amendment has been ever traced and noted.
Having issued 3 million ordinary shares of HK$1.00 each, Nemo (H.K.) Ltd. is wholly owned by Mr. Lee Sang Jun who is a South Korean. He is a South Korea passport 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 Hong Kong-registered firm located at “Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central, Hong Kong” known as Pinetech Ltd. [Pinetech] which is handling its correspondences and documents. Incorporated on 14th August, 2007, Pinetech is trading in all kinds of lighting products.
Your given phone number 852-3527 3636 belongs to the accountant firm at the old address.
The subject has no employees in Hong Kong.
The subject’s head office is in South Korea bearing the same name as the subject [Nemo].
The subject is trading in the products of Samsung, South Korea.
Nemo is doing a total solution partner from electric components to complete set business. Its annual sales turnover ranges from US$35 to 40 million. It mainly trades in Home & Car Audio/Video Electronics, Automotive electronics & Telecommunication Equipments such as mobile phones. Prime markets are China, Hong Kong, South Korea and India.
The subject also provides electric components manufacturing services for home and car audio/video electronics, automotive electronics, and telecommunications markets. It offers portable DVR security cameras, LED desktop lamps, DVD and CDP pickups, LCD prism sheets, HD radio modules, GPS and Bluetooth modules, saw filters, TCXO, and SDRAM. The subject also provides Electronics components trading, and AV product solutions and platform provision services; and material sourcing, purchasing, and logistics services.
The subject now has set up offices in South Korea, New Delhi of India; and Shenzhen/Shanghai of China.
The subject’s business in Hong Kong is not active.
Your given website www.nemohk.com does not work.
The history of the subject in Hong Kong is over nine 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.
NOTE:
It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to the
strict privacy laws prevailing in the country. In such cases, the companies are
not required to have any employees in Hong Kong nor do have an office there.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
|
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.