|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HANGZHOU
COGENERATION (HONG KONG) CO. LTD. |
|
|
|
|
Registered Office : |
Unit 01A, 15/F., Low Block, Grand Millennium Plaza, 181
Queen’s Road Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
31.05.2005 |
|
|
|
|
Com. Reg. No.: |
35682324 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Steel, Strips, Sheets, Iron Ore |
|
|
|
|
No of Employees : |
12. (Including
associates) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 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 |
HANGZHOU COGENERATION
(HONG KONG) CO.
LTD.
ADDRESS: Unit 01A, 15/F.,
Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong.
PHONE: 852-2511 1698,
2167 8621
FAX: 852-2511 1813
Managing Director: Mr. Jiang Yuanqing
Incorporated
on: 31st May, 2005
Organization: Private Limited Company.
Capital:
Nominal: RMB100,000,000.00
Issued: RMB100,000,000.00
Business Category: Importer, Exporter and Wholesaler.
HSTC Group
Turnover:- RMB4,575,383,435.46 Yuan
(Year ended 31-12-2012)
Employees: 12. (Including
associates)
Main Dealing
Banker: Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Banking
Relation: Very Good.
HANGZHOU COGENERATION
(HONG KONG) CO.
LTD.
ADDRESS:
Registered Head Office:-
Unit 01A, 15/F., Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong.
Holding Company:-
Hangzhou Cogeneration Import & Export Co. Ltd., China.
Intermediate Holding Company:-
Hangzhou Steam Turbine Co. Ltd. [HSTC], China.
Ultimate Holding Company:-
Hangzhou Steam Turbine Power Group Co. Ltd., China.
Associated/Affiliated Companies:-
HSTC
Group of Companies
C. G. S. (Hong Kong) Co. Ltd., Hong Kong. (Same address)
Dushan Zhongcheng Shangtong Co. Ltd., China.
Guizhou Zhongcheng Concrete Co. Ltd., China.
Hangzhou Energy-Saving Technologies & Design Institute Ltd., China.
Hangzhou Guoneng Steam Turbine Engineering Co. Ltd., China.
Hangzhou Kaineng Forge Co. Ltd., China.
Hangzhou Pangtong Electronic Equipment Co. Ltd., China.
Hangzhou Steam Turbine Auxiliary Machine Co. Ltd., China.
Hangzhou Steam Turbine Casting Co. Ltd., China.
Hangzhou Steam Turbine Group Equipment System Engineering Co. Ltd., China.
Hangzhou Steam Turbine Machinery & Equipment Co. Ltd., China.
Hangzhou Zhongneng Steam Turbine Power Co. Ltd., China.
Kunming Hangzhong Steam Turbine Technical Service Co. Ltd., China.
Shijiazhuang Hangneng Steam Turbine Technical Co. Ltd., China.
Tangshan Hangneng Steam Turbine Technical Service Co. Ltd., China.
Wulumuqi Hangzhongneng Steam Turbine Technical Service Co. Ltd., China.
Zhejiang Huayuan Steam Turbine Machinery Co. Ltd., China.
Zhejiang Steam Trubine Assembling Technologies Development Co. Ltd., China.
Zhejiang Turbine Import & Export Co. Ltd., China.
35682324
0974210
Managing Director: Mr. Jiang Yuanqing
Nominal Share Capital: RMB100,000,000.00 (Divided into 100,000,000 shares of RMB1.00 each)
Issued Share Capital: RMB100,000,000.00
(As per registry dated 31-05-2013)
|
Name |
|
No.
of shares |
|
Hangzhou Cogeneration Import & Export
Co. Ltd. 4/F., Tower 11, 167 Huan Cheng Bei Road, Hangzhou City, Zhejiang
Province, China. |
|
100,000,000 ========= |
(As per registry dated 05-12-2013)
|
Name (Nationality) |
Address |
|
JIANG Yuanshun |
Room 2-401, Building 37, Dong Yuan Xin
Chun, Xiacheng District, Hangzhou City, Zhejiang Province, China. |
|
JIANG Yuanqing |
4 Xingqiao Road, Xiacheng District, Hangzhou
City, Zhejiang Province, China. |
|
XU Jianyu |
Room 401, No. 62, Block 15, Xiahuinancun,
Shangchengqu, Hangzhou City, Zhejiang Province, China. |
|
LU Yonghong |
Room 206, Unit 10, Block 5, Weiyuanlong, Gongshu
District, Hangzhou City, Zhejiang Province, China. |
|
YUAN Wenjiong |
Room 401, No. 2 Lianxinglidonghang,
Dahuajiedao, Shantou City, Guangdong Province, China. |
(As per registry dated 31-05-2013)
|
Name |
Address |
Co.
No. |
|
Sky Well Consultants Ltd. |
Unit B, 17/F., Success Commercial Building, 245-251 Hennessy Road, Wanchai, Hong Kong. |
0612124 |
The subject was incorporated on 31st May, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of C. G. S. (Hong Kong) International Trading Co. Ltd., name changed to the present style on 24th August, 2005.
Formerly the subject was located at Room 6509, 65/F., The Center, 99 Queen’s Road Central, Hong Kong, moved to Unit 13, 19/F., COSCO Tower, Grand Millennium Plaza, 183 Queen’s Road Central, Hong Kong in December 2007; and further to the present address with effect from 1st September, 2010.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Steel, strips, sheets, iron ore,
Employees:
12. (Including associates)
Commodities Imported:
India, other Asian countries, Europe, Americas
Markets: China, Japan, other Asian countries.
HSTC
Group Turnover:-
RMB3,319,171,377.40
Yuan (Year ended 31-12-2008)
RMB3,586,010,243.78
Yuan (Year ended 31-12-2009)
RMB4,276,205,308.54
Yuan (Year ended 31-12-2010)
RMB4,547,818,300.02
Yuan (Year ended 31-12-2011)
RMB4,575,383,435.46 Yuan (Year ended 31-12-2012)
RMB3,452,775,892.69
Yuan (9 months ended 30-09-2013)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C,
T/T, D/P
Nominal Share Capital: RMB100,000,000.00 (Divided into 100,000,000 shares of RMB1.00 each)
Issued Share Capital: RMB100,000,000.00
Mortgage or Charge (since December 2006): (See attachment)
HSTC Group Net Profit Attributable to Shareholders of the Listed Company:-
RMB573,649,026.96 Yuan (Year ended 31-12-2008)
RMB583,517,590.81 Yuan (Year ended 31-12-2009)
RMB680,184,677.22 Yuan (Year ended 31-12-2010)
RMB640,387,703.33 Yuan (Year ended 31-12-2011)
RMB735,102,032.17 Yuan (Year ended 31-12-2012)
RMB464,634,086.04 Yuan (9 months ended 30-09-2013)
Profit or Loss: Business is profitable.
Condition: Keeping in an active condition.
Facilities: Making very active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Good.
Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Bank of Communications Co. Ltd., Hong Kong Branch.
BNP Paribas, Hong Kong Branch.
China Construction Bank Corporation, Hong Kong Branch.
CITIC Bank International Ltd., Hong Kong.
DBS Bank Ltd., Hong Kong Branch.
Fortis Bank, Hong Kong Branch.
Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Wing Lung Bank Ltd., Hong Kong.
ABN AMRO Bank N.V., Hong Kong Branch.
China Merchants Bank Co., Ltd., Hong Kong.
Standing: Very Good.
Hangzhou
Cogeneration (Hong Kong) Co. Ltd. is a wholly-owned subsidiary of Hangzhou
Cogeneration Import & Export Co. Ltd. [HCIEC] which is a China-based
firm. In turn, HCIEC is a subsidiary of
Hangzhou Steam Turbine Co. Ltd. [HSTC] which is a listed firm in Shenzhen
Special Economic Zone, China. HSTC is
63.64%-owned by Hangzhou Steam Turbine Power Group Co. Ltd. [HSTPG], also a
China-based firm.
Since 1988, HSTPG
has ranked the top three in the integrated benefit indexes in the same trade
domestically. In 2005, it was listed in
the top 500 enterprises in China. It is
also a public listed company in Shenzhen B Share Market. HSTPG is controlled by Hangzhou State-owned
Assets Administrative Committee which is a government organization belongs to
the Hangzhou City Government.
The subject is
trading in iron and steel, steel strips, steel sheets, iron ore. Commodities are imported from India, other
Asian countries, Europe, South America, etc.
Prime markets are China, Japan and other Asian countries. It is also responsible for acquiring
commodities for HSTPG and HSTC.
Founded in October
1997 and with a registered capital of RMB100 million Yuan, HCIEC is a
state-owned holding company under the jurisdiction of HSTPG.
HCIEC is trading
in iron and steel raw materials, semi‑finished products and finished
products. Now its main business includes
three main parts: exporting, importing and domestic trading.
In 2011, HCIEC was
awarded by the Government of Zhejiang Province as one of the Top Law-Abiding
and Credit Import & Export Enterprises.
Since 2004, HCIEC
has actively opened up international market and brought about extraordinary
development in export business. HCIEC’s
steel products export business has extended to countries and areas as Korea,
Taiwan, Vietnam, Thailand, the Philippines, Singapore, Indonesia, the Middle
East, Australia, Europe, America etc.
The import business is HCIEC’s traditional core business. HCIEC now keeps frequent business contacts
with countries and areas around the world as Russia, Ukraine, South Africa,
Turkey, India, Brazil and Europe, etc.
Especially in 2005, HCIEC opened up its import business of iron ore,
mill scale, nickel ore and established stable supply channels in India,
Australia, Indonesia and South America.
HCIEC also has a significant share in the domestic market, its main
customers extend all over the provinces and municipalities around China as
Zhejiang, Shanghai, Jiangsu, Shandong, Tianjin, Beijing, Sichuan, Guangdong,
Fujian, etc. HCIEC’s outstanding commercial reputation enables it to keep
better business relationships with many steel mills, distributors, and end
users.
HCIEC has an
outstanding competitive superiority in respect of capital strength and banking
credit. Its credit facility has reached
RMB1,150 million Yuan in Industrial and Commercial Bank of China, China
Construction Bank, Agricultural Bank of China, China Merchants Bank, China Ever
Bright Bank, China Minsheng Bank and Shanghai Pudong Development Bank, etc.
The credit
facility of the subject is US$1,400 million in United Overseas Bank, De
Nederlandsche Bank and Communication Bank of Hong Kong Special Administrative
Region.
HSTC is
principally engaged in the design, manufacture and sale of industrial steam
turbines and related auxiliaries and components. This company offers its products under two
categories: industrial steam turbines and power‑generating steam
turbines, which are used in the fields of petroleum, chemical industry,
electricity power, metallurgy, construction material and light textile. HSTC’s impulse turbines include condensing
turbines, extraction condensing turbines and backpressure turbines, while its
reaction turbines include condensing turbines, extraction condensing turbines,
multi‑stage backpressure turbines and extraction backpressure
turbines. It distributes its products
within China’s domestic market and to overseas markets.
HCIEC has set up
the following main departments:-
· Import and Export
Department 1;
· Import and Export
Department 2;
· Import and Export
Department 3;
· Import and Export
Department 5;
· Integrated
Department;
· Overseas
Department; &
· Steel Strip
Department.
The General
Manager of HCIEC is Mr. Jiang Yuanqing, Deputy General Manager is Mr. Xu
Jianyu, and Executive Vice Manager is Mr. Jiang Yuanshun. All of them are also directors of the
subject.
For the year ended
31st December, 2012, the turnover of HSTC Group amounted to RMB4,575.4 million
Yuan, grew by 0.6% (2011: RMB4,547.8 million), net profit attributable to
shareholder of HSTC was RMB735.1 million, grew by 14.8% (2011: RMB640.4
million). Business was good in the year.
For the year ended
30th September, 2013, the turnover of HSTC Group amounted to RMB3,452.8 million
Yuan, grew by 4.9% (same period of 2012: RMB3,291.7 million Yuan), net profit
attributable to shareholder of HSTC was RMB464.6 million Yuan, decreased by
8.7% (same period of 2012: RMB509.1 million Yuan).
The business of
the Group was also profitable in the full year of 2013.
At present, the
products of HSTC Group occupies over 80% market share in China.
Now, the annual
sales of the subject amount to HK$8.1 to 8.5 billion, profit ranges from HK$60
to 65 million.
The subject is
fully supported by HCIEC. History in
Hong Kong is over eight years.
On the whole, in
view of the background and parentage of the subject, consider it good for
normal business engagements.
Property information of the company:-
Property Location: Room 1501A on 15/F. of Low Block, Grand Millennium Plaza, 181-183 Queen’s Road Central & 33 Wing Lok Street, Hong Kong.
Owner: Hangzhou Cogeneration (Hong Kong) Co. Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
In cumbrances:-
|
Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
31-03-2010 |
- |
Bank of Communications Co. Ltd., Hong Kong Branch. |
Mortgage to secure general banking facilities |
(Since December 2006)
|
Date |
Particulars |
Amount |
|
28-12-2006 |
Instrument: Deed
of Indemnity, Charge Over Deposit and Set-Off Property: By way of Fixed Charge to the Bank all the
Company’s estate, right, title, claim, benefit and interest to and in the
Deposit (Account No. 02753202026700, 02753202026713, 02753220063143 and
02753293065422) and all interest from time to time payable thereon and
together with all title deeds and documents relating thereto Mortgagee: Bank
of Communications Co. Ltd., Hong Kong Branch. |
All actions, suits, proceedings, claims, demands, losses, damages,
costs, fees, expenses and/or liabilities |
|
30-08-2007 |
Instrument: Trade
Finance Security Assignment Property: 1) As security for the payment
of all Secured Liabilities, (a) by way of absolute assignment and agreement
to assign all the present and future rights, title, interests and benefits of
the Company in and to the Assigned Assets; (b) by way of first fixed charge
and agreement to charge all the present and future rights, title, interests
and benefits of the Company in and to the Charged Assets; (c) by way of
trust, any of the Security Assets not effectively assigned under the
Assignment; and (d) by way of lien, all property of the Company 2) As security for the Assignment Obligations,
by way of set-off, any obligation owed by the Bank to the Company Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
1) Secured Liabilities |
|
05-09-2007 |
Instrument: Charge
Over Deposits – CD 1 (06) Property: 1) By fixed Charge: all the Company’s rights in respect of (i)
the sum deposited by the Company; and (ii) all other sums in any currency
from time to time standing to the credit of the Company or the credit of any
other person for the Company’s benefit whether alone or jointly with others,
on any deposit account with the Bank or any other SCB Group Company including
additions to or renewals or replacements of such sum; and all interest from
time to time accruing or payable on the sums specified in (i) and (ii) above; 2) By assignment: all Deposits held with any SCB Group
Company Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, obligations and
liabilities, whether actual or contingent at the date of the Charge or at any
time after the date thereof, due, owing or incurred by the Company to
Standard Chartered Bank (Hong Kong) Ltd. |
|
31-03-2010 |
Instrument: Mortgage Property: 111/116,009th parts or shares of and in
The Remaining Portion of Inland Lot No. 8911 (Unit 1501A on 15/F. of Low
Block of Grand Millennium Plaza, 181-183 Queen’s Road Central & 33 Wing
Lok Street, Hong Kong.) Mortgagee: Bank
of Communications Co. Ltd., Hong Kong Branch. |
All monies |
|
28-05-2010 |
Instrument: Security
Over Deposits Property: A deposit with chargee in the amount of
US$1,500,000 under Deposit A/C No. 808-746697 whatever currency it may subsequently
be denominated in, any renewal of such deposit and the interest thereon
together with any further monies in any deposit account with the chargee at
any of its offices Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Amount secured |
|
19-07-2010 |
Instrument: Charge
on Cash Deposit to secure Liabilities of the Depositor Property: 1) By way of first fixed charge
and agreement to charge: the Deposit and all right, title and interest of the
Company 2) By way of set-off: any sum standing to the
credit of any one or more of the accounts of the Company with the Bank Mortgagee: DBS
Bank Ltd., Hong Kong Branch. |
All sums of money and liabilities |
|
26-07-2010 |
Instrument: Charge
on Cash Deposit to secure Liabilities of the Depositor Property: 1) By way of first fixed charge
and agreement to charge: the Deposit and all right, title and interest of the
Company 2) By way of set-off: any sum standing to the credit
of any one or more of the accounts of the Company with the Bank Mortgagee: DBS
Bank Ltd., Hong Kong Branch. |
All sums of money and liabilities |
|
07-09-2010 |
Instrument: Security
Agreement over Bank Account Property: By way of a first fixed charge all of the
Chargor’s rights in respect of any amount standing to the credit of the
Account Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
To secure the payment and satisfaction of all present and future obligations
and liabilities |
|
07-09-2010 |
Instrument: Pledge
over Deposit and Account Management Agreement Property: The Pledgor grants a first priority pledge
in favour of the Pledgee over all the Pledged Assets and all related rights
and interests Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
To secure the full and punctual payment of the Secured Indebtedness
and performance of its other obligations |
|
28-10-2010 |
Instrument: Charge
on Cash Deposit Property: The Chargor, as beneficial owner, charges
and agrees to charge to the Bank by way of first fixed charge: (a) the
Chargor’s entire right, title and interest in and to the Deposit; and (b) all
rights and benefits accruing to or arising in connection with the Deposit Mortgagee: CITIC
Bank International Ltd., Hong Kong. |
As a continuing security for the Secured Liabilities |
|
28-10-2010 |
Instrument: Trade
Finance Security Assignment Property: The Borrower as
beneficial owner: a) assigns and agrees to assign
absolutely to the Bank all the present and future rights, title, interests
and benefits of the Borrower in and to the following assets: (i) Export
Credits; (ii) Export Collection Bills; (iii) Sales Contracts; (iv) Invoice
Receivables; (v) Insurances; (vi) Trade Documents; and (vii) all claims,
remedies and proceeds in connection with any of the foregoing; and b) charges and agrees to charge
to the Bank by way of first fixed charge all the present and future rights,
title, interests and benefits of the Borrower in and to the following assets:
(i) the Goods together with their proceeds; and (ii) the Deposit; and c) pledges and agrees to pledge to the Bank
the Pledged Goods and the Trade Documents which are now or may in the future
be in the Bank’s possession Mortgagee: CITIC
Bank International Ltd., Hong Kong. |
As security for the payment of all Secured Liabilities |
|
02-11-2010 |
Instrument: Pledge
and Master Trust Receipt Property: The Company, as beneficial owner and as a continuing
security for the payment or discharge in full of the Secured Liabilities,
hereby pledges and agrees to pledge to the Bank all of its right, title and
interest in and to the Pledged Assets from time to time Mortgagee: BNP
Paribas, Hong Kong Branch. |
Secured Liabilities means all present and future indebtedness,
obligations and liabilities |
|
02-11-2010 |
Instrument: Deed
of Charge Property: As Security for the due payment and discharge of the
Secured Amounts, the Company hereby: (a) Charges to the Bank by way of
floating charge all its right, title and interest in and to all Goods; (b)
Charges to the Bank by way of first fixed charge all its right, title and
interest in and to all Credit Balances; (c) Assigns to the Bank by way of
first fixed security all Contract Rights and the benefit of the Security
Interest and securities for the time being held by the Company in respect of
any such Contract Rights Mortgagee: BNP
Paribas, Hong Kong Branch. |
To secure all present and future indebtedness, obligations and
liabilities |
|
20-10-2011 |
Instrument: Pledge
over Deposit and Account Management Agreement Property: First priority pledge in favour of the Pledgee
over all the Pledged Assets and all related rights and interests Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
As a continuing security for the full and punctual payment of the
Secured Indebtedness and performance of its other obligations by the Pledgor
in accordance with the Charged Agreement |
|
21-11-2011 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the
Pledgee over CNY167,831,429 being the amount to be deposited into the sub-account
(Pledge A/C No. 000000501510556570) affiliated to the RMB special deposit
account (A/C No. 000000501510354518) opened by the Pledgor with Standard
Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
28-11-2011 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the
Pledgee over CNY112,189,405 being the amount to be deposited into the
sub-account (Pledge A/C No. 000000501510559933) affiliated to the RMB special
deposit account (A/C No. 000000501510354518) opened by the Pledgor with
Standard Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
04-01-2012 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the
Pledgee over CNY87,266,051 being the amount to be deposited into the
sub-account (Pledge A/C No. 000000501510577877) affiliated to the RMB special
deposit account (A/C No. 000000501510354518) opened by the Pledgor with
Standard Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee agrees
to provide the term loan facility in an aggregate amount of CNY520,000,000 to
the Pledgor |
|
28-02-2012 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the Pledgee
over CNY48,252,847 being the amount to be deposited into the sub-account
(Pledge A/C No. 000000501510597646) affiliated to the RMB special deposit
account (A/C No. 000000501510354518) opened by the Pledgor with Standard
Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
08-03-2012 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the
Pledgee over CNY29,344,047 being the amount to be deposited into the sub-account
(Pledge A/C No. 000000501510601282) affiliated to the RMB special deposit
account (A/C No. 000000501510354518) opened by the Pledgor with Standard
Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee
agrees to provide the term loan facility in an aggregate amount of
CNY520,000,000 to the Pledgor |
|
16-03-2012 |
Instrument: Trade
Finance Security Assignment (the “Assignment”) Property: a) assigns
to the Bank to the following assets: (i) the Export Credits; (ii) the Export
Collection Bills; (iii) the Sales Contracts; (iv) the Export Invoice Receivables;
(v) the Insurances; (vi) the Trade Documents; and (vii) all claims, Mortgagee: United
Overseas Bank Ltd. |
All obligations and liabilities of the Borrower owed to the Bank |
|
28-03-2012 |
Instrument: Security
Memorandum (First Party) Property: 1. The Company assigns to the Bank to each
Receivable as continuing security for the payment or discharge of the Secured
Liabilities. 2. The Company charges to the Bank by way of a
first fixed charge all the Receivables and the Goods and all the Accounts and
the Deposit and by way of a first floating charge all the Receivables and
Goods and all the Accounts and the Deposit not effectively subject to the
fixed charges as a continuing security for the payment of the Secured
Liabilities. 3. The Bank may convert any floating charge
created pursuant to Clause 2 into a fixed charge. 4. The floating charges created by this Deed
will convert automatically into fixed charges. Mortgagee: ABN
Amro Bank N.V. |
All indebtedness, obligations and liabilities due to the Bank by the
Company |
|
17-04-2012 |
Instrument: Pledge
Confirmation (the “Confirmation”) Property: First priority pledge in favour of the
Pledgee over CNY47,830,532 being the amount to be deposited into the
sub-account (Pledge A/C No. 000000501510618553) affiliated to the RMB special
deposit account (A/C No. 000000501510354518) opened by the Pledgor with
Standard Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Any indebtedness payable by the Pledgor to the Pledgee under the
facility agreement dated 20th October, 2011, under which the Pledgee agrees
to provide the term loan facility in an aggregate amount of CNY520,000,000 to
the Pledgor |
|
26-07-2012 |
Instrument: Trade
Finance Security Assignment Property: a) assigns
to the Bank to the following assets: (i) the Export Credits; (ii) the Export
Collection Bills; (iii) the Sales Contracts; (iv) the Export Invoice
Receivables; (v) the Insurances; (vi) the Trade Documents; and (vii) all
claims, Mortgagee: Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong. |
All obligations and liabilities of the Borrower owed to the Bank |
|
26-12-2012 |
Instrument: Charge
Over Deposits Property: A) The sum now
or hereafter deposited by the company or for the company benefit in the
account specified in the schedule below, or as evidenced by deposit
instrument or other evidence of indebtedness specified in the schedule below,
including all and any fixed or time deposits from time to time created of
funded out of any such sums & sums deposited in the charged account in
any currency and all interest and other sums which may accrue from time to
time thereon; and B) All other
sums in any currency from time to time standing to the company credit or the credit
of any other person for the company benefit, whether alone or jointly with
others, on any deposit account with the Bank, including additions to or
renewals or replacements of such sum Mortgagee: China
Merchants Bank Co. Ltd., Hong Kong Branch. |
To secure all moneys obligations & liabilities whether actual
contingent now or at anytime hereafter due owing or incurred to the bank by
Hangzhou Cogeneration (Hong Kong) Co., Ltd. anywhere |
|
26-03-2013 |
Instrument: Security
Memorandum Property: 1. The Company assigns to the Bank to each
Receivable as continuing security for the payment or discharge of the Secured
Liabilities. 2. The Company charges to the Bank by way of a
first fixed charge all the Receivables and the Goods and all the Accounts and
the Deposit and by way of a first floating charge all the Receivables and
Goods and all the Accounts and the Deposit not effectively subject to the
fixed charges as a continuing security for the payment of the Secured
Liabilities. 3. The Bank may convert any floating charge
created pursuant to Clause 2 into a fixed charge. 4. The floating charges created by this Deed
will convert automatically into fixed charges. Mortgagee: ABN
Amro Bank N.V. |
All indebtedness, obligations and liabilities due to the Bank by the
Company |
|
15-05-2013 |
Instrument: Security
Over Deposit in respect of Obligations of the Depositor Property: By way of first fixed charge to the Chargee
the account No. 861600063903 and all deposits Mortgagee: Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong. |
All monies and liabilities |
|
15-05-2013 |
Instrument: Security
Over Deposit in respect of Obligations of a Third Party Property: By way of first fixed charge to the
Chargee the account No. 861600063903 and all deposits Mortgagee: Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong. |
All monies and liabilities |
|
27-05-2013 |
Instrument: Security
Agreement Over Bank Account Property: The Chargor charges by way of first fixed
charge all of rights in respect of any amount standing to the credit of the
Account and the debt represented by it. Note: 1) The Chargor must not: (a) create
or allow to subsist any Security Interest (b) sell, transfer, licence, lease or otherwise
dispose of any Security Asset 2) The Account must be maintained at an Account
Bank approved by the Lender Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
All present and future obligations and liabilities |
|
07-08-2013 |
Instrument: Trade
Finance Security Assignment Property: (A) Assigns and agrees to assign
absolutely to the Bank all the present and future rights, title, interests and
benefits of the Borrower in and to the following assets:- 1) The Bills of Exchange; 2) The Export Credits; 3) The Exoport Collection
Bills; 4) The Sales Contracts; 5) The Invoice Receivables; 6) The Insurances; 7) The Trade Documents; 8) The Related Collaterals; and 9) All Claims, remedies and
proceeds in connection with any of the foregoing (B) Charge and agrees to charge
to the Bank by way of first fixed charge all the present and future
rights,title, interests and benefits of the Borrower in and to the following
assets:- 1) The Goods together with
their proceeds; 2) The Deposit; and 3) To the extent any Security
Assets is not effectively assigned under sub-clause, such Security Asset; and (C) Pledges and agrees to pledge
to the Bank the Pledged Goods and the Trade Documents which are now or may in
the future be in the possession of the Bank; and (D) Charges and agrees to charge
to the Bank by way of first floating charge alll the present and future
right, title, interests and benefits of the Borrower in and to any security
asset which is not effectively charged by way of ofixed charge or assigned or
pledged under the above sub-clause (a), (b) and (c). Mortgagee: China Merchants Bank Co. Ltd., Hong Kong Branch. |
All obligations and liabilities of whatever nature of the Borrower
owed to the Bank |
|
16-08-2013 |
Instrument: Trade
Finance Security Agreement Property: a) assigns to the Bank to the following
assets: (1) the Export Credits; (2) the Export Collection Bills; (3) the
Sales Contracts; (4) the Invoice Receivables, (5) the Purchase Contracts, (6)
The Insurances; (7) The Trade Documents; (8) The Bills of
Exchange; (9) The Related Collaterals; and (10) All claims,
remedies and proceeds in connection with any of the foregoing b) charges to the Bank to the following
assets: (i) the Goods together with their proceeds: (ii) the Deposit; and
(iii) to the extent any Security Assets, d) charges and agrees to charge to the Bank by
way of first floating charge all the present and future right, thtile,
interests and benefits of the Borrower in and to any security asset which is
described in the above-sub-clauses (a), (b) and (c) but is not effectively
charged by way of fixed charge or assigned or pledged under the above
sub-clauses (a), (b) and (c) Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
All monies, obligations and liabilities |
|
11-12-2013 |
Instrument: Pledge
Confirmation Property: First priority
pledge in favour of the Pledgee over CNY72,341,400 being the amount to be
deposited into the sub-account (Pledge A/C No. 000000501510354518) affiliated
to the RMB special deposit account (A/C No. 000000501510840517) opened by the
Pledgor with Standard Chartered Bank (China) Ltd., Shanghai Branch. Mortgagee: Standard
Chartered Bank (Hong Kong) Ltd., Hong Kong. |
As a continuing security for the full and punctual payment of the
secured indebtedness and performance of its other obligations by the pledgor
in accordance with the credit agreement |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.