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Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
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Name : |
UNISILK LTD. |
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Registered Office : |
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.05.1986 |
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Com. Reg. No.: |
10548309-000-05 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter; Transhipment Agent; Confirming House; Investment Holding of Silk (raw silk, SNY, tussah silk, SSY.); plastic raw materials (ABS, PP, PE, HDPE.); audio/video/TV/computer components; iron ore, manganese ore, high carbon ferro-chrome; finished steel (HR colis, billets, deformed bars, etc.); chemicals (industrial and pharmaceutical); cement; coal; edible oils; plant, machineries, technical know-how; yarns & fibers (cotton, polyester, acrylic). |
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No. of Employees : |
10.
(Including subsidiaries) |
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 |
UNISILK LTD.
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon,
Hong Kong.
PHONE: 852-2992 4100, 2735 7758,
2735 7759
FAX: 852-2730 0946,
2730 1817
E-MAIL: unisilk@hkg.com
globals@netvigator.com
globaltrade881@gmail.com
Managing Director: Mr.
Madhur Dugar
Incorporated on: 9th
May, 1986.
Organization: Private
Limited Company.
Capital: Nominal: HK$39,400,000.00
Issued: HK$39,400,000.00
Business Category: Trading and Investment Holding.
Annual Turnover: HK$35~45
million. (Including subsidiaries)
Group Employees: 10. (Including subsidiaries)
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
UNISILK LTD.
Registered Head
Office:-
Room 1635, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon,
Hong Kong.
Mailing Address:-
P.O. Box 98191, Tsim Sha Tsui Post Office, Kowloon, Hong Kong.
Business
Names:- (Same BR No.)
Texchemie, Hong Kong.
[BR No. 10548309-001]
Nippon Unitech Industrial Co., Hong Kong. (Business Ceased)
[BR No. 10548309-002]
Intexport, Hong Kong.
[BR No. 10548309-003]
Concentra, Hong Kong. (Business
Ceased)
[BR No. 10548309-004]
Alwynco, Hong Kong. (Business
Ceased)
[BR No. 10548309-005]
Far East Test and Measurement Systems Co.,
Hong Kong.
(Business Ceased)
[BR No. 10548309-006]
Lightex, Hong Kong. (Business
Ceased)
[BR No. 10548309-008]
Alpine Silk, Hong Kong. (Business
Ceased)
[BR No. 10548309-009]
Success Engineering, Hong Kong.
[BR No. 10548309-010]
Hong Kong Yaten, Hong Kong.
(Business Ceased)
[BR No. 10548309-011]
Shanghai Shibang Machinery Co., Hong Kong. (Business Ceased)
[BR No. 10548309-012]
Great China Alliance, Hong Kong.
[BR No. 10548309-013]
Sabko International, Hong Kong.
[BR No. 10548309-014]
Polychemin, Hong Kong. (Business
Ceased)
[BR No. 10548309-015]
Associated Companies:-
Amersonic International Ltd., Hong Kong.
(Same address)
Ginda Industries Ltd., Hong Kong.
[Dissolved]
King Mega International Ltd., Hong Kong.
10548309-000-05
0169007
Managing Director: Mr.
Madhur Dugar
Contact Person: Ms. Christine Ko Yuk Chun
Nominal Share Capital: HK$39,400,000.00 (Divided into 394,000 shares
of HK$100.00 each)
Issued Share Capital: HK$39,400,000.00
(As per registry dated 09-05-2013)
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Name |
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No. of shares |
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Madhur DUGAR |
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122,442 |
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Sajjan DUGAR |
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271,558 |
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––––––– |
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Total: |
394,000 ====== |
(As per registry dated 09-05-2013)
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Name (Nationality) |
Address |
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Sajjan DUGAR |
Flat A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong
Kong. |
|
Madhur DUGAR |
Flat A3-4, 9/F., Hong Yuen Court, 1-5 Tak Shing Street, Kowloon, Hong
Kong. |
(As per registry dated 09-05-2013)
|
Name |
Address |
Co. No. |
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Cenmtre, |
0113023 |
The subject was incorporated on 9th May, 1986 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 1615, 16/F., Star House,
3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present
address in June 2004.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Activities: Importer and Exporter; Transhipment
Agent; Confirming House; Investment Holding.
Lines: Silk
(raw silk, SNY, tussah silk, SSY, etc.); plastic raw materials (ABS, PP, PE, HDPE.);
audio/video/TV/computer components; iron ore, manganese ore, high carbon
ferro-chrome; finished steel (HR colis, billets, deformed bars, etc.);
chemicals (industrial and pharmaceutical); cement; coal; edible oils; plant,
machineries, technical know-how; yarns & fibers (cotton, polyester,
acrylic).
Group Employees: 10. (Including
subsidiaries)
Commodities Imported: Imported from Japan, USA, Taiwan and Korea.
Markets: India, other Asian countries and
Europe.
Annual Turnover: HK$35~45
million. (Including subsidiaries)
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: On
various terms.
The Indian Chamber of Commerce, Hong Kong.
Nominal Share Capital: HK$39,400,000.00
(Divided into 394,000 shares of HK$100.00 each)
Issued Share Capital: HK$39,400,000.00
Mortgage or Charge (since 2009): (See attachment)
Profit or Loss: Business
is profitable.
Condition:
Keeping
in an active and satisfactory manner.
Facilities:
Making
active use of general banking facilities.
Payment:
So
far regular.
Commercial Morality: Good.
Bankers:-
Indian Overseas
Bank, Hong Kong Branch.
Bank of Baroda,
Hong Kong Branch.
Credit Agricole
Corporate & Investment Bank, Hong Kong Branch.
UCO Bank,
Hong Kong Branch.
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standard Chartered
Bank (Hong Kong) Ltd., Hong Kong.
BNP Paribas,
Hong Kong Branch.
Standing:
Good.
Having issued 394,000 ordinary shares of HK$100.00 each, Unisilk Ltd. is
jointly owned by Mr. Madhur Dugar, holding 31.1% interests; and Mr. Sajjan
Dugar, holding 68.9%.
The subject has the following business names (which can be regarded as
subsidiaries):-
Great China Alliance, Hong Kong.
Intexport, Hong Kong.
Sabko International, Hong Kong.
Success Engineering, Hong Kong.
Texchemie, Hong Kong.
The subject and its subsidiaries are trading in the following
commodities:-
Tiles – Porcelain/Ceramic, Decorative, Car Tyres, Machine – Grinding,
Aluminium (Aluminium coil), DVD Player/Recorder, VCD Player, other Electronic
Products, Industrial Machinery, Partition – Aluminium (Aluminium composite
panel), Building Material – Glass (Glass, black and reflective glass), Marble –
Cutting and Polishing, Tiles and Coverings (Laminated flooring), Plastic
Materials (including Resins and Sheet), Textile Goods, Plastic Products,
Chemical Fertilizers, Metals & Minerals, Foodstuffs, etc.
The subject’s plastic resins are imported from China, the United States
and other Asian countries, etc.
Incorporated on 9th May, 1986, the subject is experienced in sourcing a
wide range of products catering many different industries. Besides the above‑mentioned
commodities, it is trading in many different kinds of products such as
electronics, electric appliances, electrical products, marble, building
materials, grinding machinery, stationery, skin care products, silk and silk
fabrics, chemicals, etc. The subject has
set up a number of subsidiaries in order to trade different products.
Owned by the Dugar family, the subject has set up offices in India,
Guangzhou, Shenzhen Special Economic Zone, Vietnam, etc. According to the subject, it is able to
source commodities directly from the factories and export the commodities by itself.
The subject is a member of The Indian Chamber of Commerce Hong Kong,
Hong Kong. The business of the
subject is rather active.
The directors of the subject are Mr. Sajjan Dugar and Mr. Madhur
Dugar. Both of whom are Hong Kong ID
Card holders and have got the right to reside in Hong Kong permanently.
The Contact Person of the subject Ms. Christine Ko Yuk Chun is a
Hongkongnese.
The annual sales turnover of the subject ranges from HK$35 to 45
million. Making a small profit every
year.
As the history of the subject in Hong Kong is over twenty-seven years,
on the whole, consider it good for normal business engagements.
(Since 2009)
|
Date |
Particulars |
Amount |
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26-08-2009 |
Instrument: Memorandum Property: Distinctive 91210300003165 29-06-2009 US$
60,430.36 29-12-2009 Mortgagee: Bank of Baroda,
Hong Kong Branch. |
Loan or credit or other facilities available to Unisilk Ltd.,
Amersonic International Ltd. and Great China Alliance Ltd. |
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02-02-2010 |
Instrument: Undertaking
Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2009 FD 488 1 29-01-2010 US$100,000.00 0.49% 29-04-2010 Mortgagee: Indian Overseas
Bank, Hong Kong Branch. |
All and any liabilities |
|
03-01-2011 |
Instrument: Undertaking
Relating to Deposits Property: Distinctive Date of Amount Rate
of Maturity 2010 FD 377 1 02-12-2010 €
80,000.00 0.4375% 02-03-2011 Mortgagee: Indian Overseas
Bank, Hong Kong Branch. |
All and any liabilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.95 |
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|
1 |
Rs.102.78 |
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Euro |
1 |
Rs.81.39 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.