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Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
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Name : |
HUA KE SUPPLY CHAIN (HK) LTD. |
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Registered Office : |
Unit 601, 6/F., Grandtech Centre, 8 On Ping Street, Siu Lek Yuen, Shatin, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.01.2011 |
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Com. Reg. No.: |
53687912 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Numerical products, telecommunication products, mobile phones, computers, peripherals, IT products, instruments & metres, electronic products |
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No of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 |
HUA KE
SUPPLY CHAIN (HK)
LTD.
ADDRESS: Unit 601, 6/F., Grandtech Centre, 8 On
Ping Street, Siu Lek Yuen, Shatin, New Territories, Hong Kong.
PHONE: 852-2148 9668, 3586 9615
FAX: 852-3586
9616, 3105 9668, 3105 9776
Managing Director: Mr. Chen
Shaoqing
Incorporated on: 26th January, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: 6.
Main Dealing Banker: China
Construction Bank Corporation, Hong Kong Branch
Banking Relation: Satisfactory
HUA KE
SUPPLY CHAIN (HK)
LTD.
Registered Head
Office:-
Unit 601, 6/F., Grandtech Centre, 8 On Ping Street, Siu Lek Yuen,
Shatin, New Territories, Hong Kong.
Holding Company:-
Shenzhen Xinlikang Supply Chain Management Co. Ltd.
Unit A, 36/F., Tower A, NEO Building, 6011 Shennan Road,
Futian District, Shenzhen, China.
[Tel: 0755-8253 8333, Fax:
0755-8253 8222]
Associated
Companies:-
Hua Ke Electronic (H.K.) Co. Ltd., Hong Kong. (Same address)
Hua Ke Logistics (HK) Ltd., Hong Kong.
Hua Xin Supply Chain (HK) Ltd., Hong Kong.
Shanghai Xinlikang Supply Chain Management Co. Ltd., China.
Shenzhen Sincnet Technology Co. Ltd., China.
Shenzhen Xinlikang Enterprise Co. Ltd., China.
Shenzhen Xinlikang Logistics Co. Ltd., China.
Xinlikang Supply Chain Guanlan Breeding Base, China.
53687912
1556182
Managing Director: Mr. Chen
Shaoqing
Nominal Share Capital: HK$1,000,000.00
(Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry
dated 26-01-2014)
|
Name |
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No. of shares |
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Shenzhen Xinlikang Supply Chain Management Co. Ltd. Unit A, 36/F., Tower A, NEO Building, 6011 Shennan Road,
Futian District, Shenzhen, China. |
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1,000,000 ======= |
(As per registry
dated 26-01-2014)
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Name (Nationality) |
Address |
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PENG Shaoduan |
Room 603, Block 4, Jinzhou Garden, Futian District, Shenzhen Special
Economic Zone, China. |
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PENG Huanlin |
Room 2202, Block 9, Golden Garden, Futian District, Shenzhen Special
Economic Zone, China. |
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CHEN Shaoqing |
17 Zhenmei Trading Centre, Guiyu, Chiaoyang District, Shantou Special
Economic Zone, China. |
(As per registry
dated 26-01-2014)
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Name |
Address |
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LI Nga Mei |
Room 705, 7/F., Sheung Yee House, Sheung Tak Estate, Tseung Kwan O,
New Territories, Hong Kong. |
The subject was incorporated on 26th January, 2011 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: Importer,
Exporter and Wholesaler.
Lines: Numerical
products, telecommunication products, mobile phones, computers,
peripherals, IT
products, instruments & metres, electronic products, etc.
Employees: 6.’
Commodities Imported: China, other Asian countries, etc.
Markets: Japan,
India, other Asian countries, Europe, the Middle East, etc.
Terms/Sales: L/C or as per
contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$1,000,000.00
(Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Mortgage or Charge: (See attachment)
Profit or Loss: Made
a small profit in 2013.
Condition: Business
is improving.
Facilities: Making
fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory
Bankers:-
China Construction
Bank Corporation, Hong Kong Branch.
Standard Chartered
Bank (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
Having issued 1 million ordinary shares of HK$1.00 each, Hua Ke Supply Chain
(HK) Ltd. is a wholly owned subsidiary of Shenzhen Xinlikang Supply Chain
Management Co. Ltd. [Xinlikang], a China-based firm.
The subject has had an associated company located at the same address
known as Hua Ke Electronic (H.K.) Co., Ltd., also a Hong Kong registered firm.
The subject is trading in and supplying the following commodities:-
Numerical products, telecommunication products, mobile phones,
computers, computer peripherals, IT products, instruments & metres, electronic
products, instruments and metres, security products, broadcasting equipment,
electric household appliances, automobile electronic products, industrial raw
materials, etc
Xinlikang was established in November 2003 as a limited liability
company. With a registered capital of
RMB55 million Yuan, it is jointly owned by three China natural persons, namely,
Peng Shaoduan, holding 21.82% interests, Chen Shaoqing, holding 74.54%
interests and Peng Huanlin, holding 3.64%.
The subject is one of the national leaders in the field of supply chain
management.
Now, Xinlikang has nine subsidiaries and its total assets amounted to
RMB6 billion Yuan.
Xinlikang provides its clients with “one-stop supply chain services”
including global procurement, distribution, VMI inventory management, virtual
production, customs clearance, transportation management, warehousing, payments
settling, information management, etc.
Customers are domestic enterprises involved in consumer electronics,
communication equipment, instruments & meters and auto electronics.
Xinlikang has set up a delivery centre at Zhongyuntai Sci-Tech
Industrial Park, Tangtou Industrial Zone, Shiyan, Bao’an District, Shenzhen
Special Economic Zone and branch offices in Shanghai, Beijing, Hong Kong, etc.
Xinlikang imports various kinds of electronics and electronic components
from Hong Kong, Japan, Europe, the United States, etc. for its customers.
In the field of logistics, Xinlikang has signed long-term cooperative
ties with large‑sized airlines such as Air China, Hainan Airlines, China
Southern Airlines, Shenzhen Airlines, etc.
In 2011, Xinlikang’s operating income amounted to RMB211.0 million Yuan,
total profit was RMB11.2 million Yuan.
Profit margin was good in the year.
In 2012, its operating income amounted to RMB775.5 million Yuan, total
profit was RMB47.4 million Yuan. The
business of Xinlikang keeps on improving.
Xinlikang has about 230 employees in Shenzhen Special Economic Zone,
China.
Mr. Chen Shaoqing has been conferred the title of on of the “Shenzhen
10 Outstanding Young Entrepreneurs”.
The subject is fully supported by Xinlikang. History is just over three years.
On the whole, consider the subject good for normal business engagements
in small credit amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 59.33 |
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1 |
Rs. 99.18 |
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Euro |
1 |
Rs. 80.76 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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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 |
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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.