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Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
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Name : |
CAMERONTEC ( |
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Formerly Known As : |
AURIONPRO SOLUTIONS ( |
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Registered Office : |
c/o Boardroom Corporate Services (HK) Ltd. 31/F., 148 Electric Road, North Point |
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Country : |
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Date of Incorporation : |
14.09.2007 |
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Com. Reg. No.: |
38566933 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronic products |
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No of Employees : |
1 |
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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Hong Kong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.
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Source
: CIA |
CAMERONTEC (HONG
KONG) LTD.
ADDRESS: c/o Boardroom Corporate
Services (HK) Ltd.
31/F., 148
Electric Road, North Point, Hong Kong.
PHONE: 852-2598 5234
FAX: 852-2598 7500
Managing Director: Mr. Amit
Suresh Khungar
Incorporated on: 14th September, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer,
Exporter and Wholesaler.
Company Turnover: HK$50-60 million
Employee: 1.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
CAMERONTEC (HONG
KONG) LTD.
Registered Head Office:-
c/o Boardroom Corporate Services (HK) Ltd.
31/F., 148 Electric Road, North Point, Hong Kong.
Holding Company:-
E2E Infotech Ltd., UK.
Associated
Companies:-
CameronTec GmbH, Germany.
CameronTec Inc., UK.
CameronTec India Pvt. Ltd., India.
CameronTec Intressenter AB, Sweden.
CameronTec Pty. Ltd., Australia.
CameronTec, France.
Greenline Financial Tehnologies Inc., US.
ORC Software HK Ltd., Hong Kong.
etc.
38566933
1167382
Managing Director: Mr. Amit
Suresh Khungar
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER: (As
per registry dated 14-09-2013)
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Name |
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No. of share |
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E2E Infotech Ltd. St. James House, 13 Kensington Square, London W8 5HD, UK. |
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1 = |
DIRECTORS: (As per
registry dated 14-09-2013)
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Name (Nationality) |
Address |
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Amit Suresh Khungar |
Flat K, 43/F., Block 3, Merton, 8 Davis Street, Kennedy Town, Hong
Kong. |
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Vaibhav SHUKLA |
7 West Park, London, SE9 4RY, UK. |
SECRETARY: (As per
registry dated 14-09-2013)
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Name |
Address |
Co. No. |
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Boardroom Corporate Secretaries (HK) Ltd. |
31/F., 148 Electric Road, North Point, Hong Kong. |
1189239 |
The subject was incorporated on 14th September, 2007 as a private
limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Aurionpro
Solutions (Hong Kong) Ltd., name changed to the present style on 28th August,
2013.
Formerly the subject’s registered address was located at 12/F., The Lee
Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong where was the old operating
office of a commercial service provider Boardroom Corporate Secretaries (HK)
Ltd. [Boardroom]. Boardroom has moved to
the present address with effect from 24th June, 2013, so did the subject.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Electronic
products, etc.
Employee: 1.
Commodities Imported: Asian
countries, India, Europe, etc.
Markets: Hong
Kong, China, other Asian countries, Europe, etc.
Company Turnover: HK$50-60 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00
(Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Profit or Loss: Making
a small profit in past years.
Condition: Business
is not very active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai
Banking Corp. Ltd., Hong Kong.
Standing: Small.
Formerly known as Aurionpro Solutions (Hong Kong) Ltd., CameronTec (Hong
Kong) Ltd. [CameraonTec] is a wholly-owned subsidiary of E2E Infotech Ltd.
[E2E InfoTech], which is a UK-based firm.
Formerly the subject was wholly-owned by AurionPro Solutions Ltd. which
was an India-based firm. AurionPro
Solutions transferred its share to E2E Infotech on 21st August, 2013.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at 31/F., 148 Electric Road, North Point, Hong Kong known
as Boardroom Corporate Services (HK) Ltd. which is handling its correspondences
and documents. The corporate secretary
of the subject Boardroom Corporate Secretaries (HK) Ltd. is an associated
company of Boardroom Corporate Services (HK) Ltd.
Now, the subject is a member of CameronTec. It had a new director appointed on 17th June,
2014.
CameronTec Group has held a privileged position at the forefront of
electronic trading for almost 20 years.
As the globally embedded FIX technology standard with a growing suite of
non-FIX applications, its innovation continues to shape the way markets
publish, execute, clear, settle and manage risk. With a compelling end-to-end trading and
services platform, it continues to strengthen and build on this legacy every
day, forging new inroads in the areas of financial infrastructure technology.
In 2013 CameronTec Group invested significantly with two strategic
acquisitions, Greenline Financial Technologies and E2E infotech, and in doing
so achieved category leadership signalling a new era in FIX.
CameronTec Group solutions are trusted by leading firms in over 50
countries on all 5 continents. Its
customers collectively represent the largest install base in the industry,
across a broad cross section of exchanges, regulators, tier 1 and 2 investment
banks, brokers, fund managers and a diverse selection of members of the ISV
community. The highly experienced,
regionally focused engagement teams operate from its offices in London,
Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong, Sydney and Mumbai.
CameronTec Group is owned by Nordic Capital Fund VII.
The new director of the subject Mr. Vaibhav Shukla is also the founder
and Managing Director of E2E InfoTech.
E2E Infotech operates as a financial solutions provider which designs
and develops capital market software solutions for traders, brokers, and banks.
The company also offers consulting services for the capital markets domains and
FIX Compliant Systems. It was
incorporated in 2000 and is based in London, the United Kingdom. As per the transaction announced on 1st July,
2013, E2E Infotech Limited operates as a subsidiary of CameronTec Intressenter
AB.
The subject’s business in Hong Kong is handled by Amit Suresh Khungar
who is currently residing in Hong Kong.
The subject’s business in Hong Kong is not very active. History in Hong Kong is over six years.
Since the subject just has changed hands in Hong Kong, consider it good
for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 60.14 |
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1 |
Rs. 101.92 |
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Euro |
1 |
Rs. 80.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
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Report Prepared
by : |
DPT |
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 |
-- |
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.