MIRA INFORM REPORT
|
Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIA LUCKY INDUSTRIAL LIMITED |
|
|
|
|
Registered Office : |
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon |
|
|
|
|
Country : |
Honk Kong |
|
|
|
|
Date of Incorporation : |
20.05.1993 |
|
|
|
|
Com. Reg. No.: |
422071 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
TRADING OF ELECTRONIC COMPONENTS. |
|
|
|
|
No of Employees : |
About 6 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Honk Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONK 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.
|
Source
: CIA |
Contact
Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
Asia Lucky Industrial Limited |
|
Supplied Name: |
ASIA LUCKY INDUSTRIAL LIMITED |
|
Trading Address: |
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong |
|
Supplied Address: |
RM 1202 FLOOR 12 WAH HUNG CENTR 41 HUNG TO ROAD KWUN TONG KOWLOON, HONK KONG |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2687-3209 |
|
Fax Number: |
+852-2687-2151 |
|
E-mail: |
|
|
Date of Registration: |
1993-5-20 |
|
Registered Number: |
422071 |
|
Business Registration No.: |
17155125 |
|
Registered Capital: |
HKD 13,000,000 (USD 1,677,000) (As of 2014.11, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 13,000,000 (USD 1,677,000) = 13,000,000 Shares@ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
72829--Parts and accessories of a kind used solely or principally for the manufacture of semiconductor, boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays (kg) |
|
Principal Activities: |
Trading of electronic components. |
|
Staff: |
About 6 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-20 |
History
Subject was incorporated on 1993-5-20 with the registered number 422071 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Offices
|
1 |
|
|
Name: |
Singapore Office |
|
Registered Address: |
10 Jalan Besar, #15-02A Sim Lim Tower, Singapore – 208 787 |
|
Tel: |
+65-6295-1049 |
|
Fax: |
+65-6295-1953 |
|
2 |
|
|
Name: |
Shenzhen Office |
|
Registered Address: |
Room 1101, Top Office Glittery City, No. 3027 Shennan Road Central, Shenzhen, China |
|
Tel: |
+86-755-8328-9401 |
|
Fax: |
+86-755-8374-1189 |
|
3 |
|
|
Name: |
New Delhi Office |
|
Registered Address: |
351, Tower B, Aggarwal Cyber Plaza, Netaji Subhash Place, Pitampura, New Delhi-110034 |
|
Tel: |
+91-11-4701-0811 |
|
Fax: |
+91-11-4701-0816 |
|
4 |
|
|
Name: |
Bangalore Office |
|
Registered Address: |
B207, Floor 2, “A” Wing Mittal Tower, #6 M.G. Road, Bangalore – 560001 |
|
Tel: |
+91-80-4113-3055 |
|
Fax: |
+91-80-4113-3055 |
|
5 |
|
|
Name: |
Mumbai Office |
|
Registered Address: |
B-4, Floor 1, Ahmed Chamber, 386 Lamington Road, Mumbai |
|
Tel: |
+91-22-2389-1896 |
|
Fax: |
+91-22-2389-1897 |
|
6 |
|
|
Name: |
Pune Office |
|
Registered Address: |
48 Sai Krupa Bhavan, Opposite K.S.B Pumps, Mumbai Pune Highway, Kharalwadi Pimpri, Pune-411018 |
|
Tel: |
+91-20-3062-1432 |
|
Fax: |
+91-20-3062-1432 |
Shareholders
|
Subscription Shares |
Proportion of
Investment (%) |
|
|
Lal Jawahar |
7,473,375 |
57.49% |
|
Luthra Himanshu |
5,525,000 |
42.50% |
|
Rachana |
1,625 |
0.01% |
|
Total |
13,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Lal Jawahar |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
|
2 |
|
|
Name: |
Luthra Himanshu |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
|
3 |
|
|
Name: |
Rachana |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information
of Directors:
|
1 |
|
|
Name: |
Luthra Himanshu |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P776340(2) |
|
2 |
|
|
Name: |
Lal Jawahar |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P572260(1) |
|
3 |
|
|
Name: |
Lal Jawahar |
|
Address: |
Flat B, 16/F, Tower- 17, Laguna Verde Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P776326(7) |
|
|
|
|
Name: |
Buttar Secretarial Limited |
|
Address: |
Unit 13, 16/F, Asia Trade Centre, No. 79, Lei Muk Road, Kwai Chung, N. T., Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
2086550 |
Personnel Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop No.2 On 12th Floor Wah Hung Center No.41 Hung To Road Kowloon |
|
Owners: |
Ascend International (Hk) Limited |
|
Memorial Number: |
08082500840348 |
|
Date of Instrument: |
2008-7-31 |
|
Date of Registration: |
2008-8-25 |
|
Consideration Value: |
HKD 6,938,400.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
14040402400039 |
|
Date of Instrument: |
2014-3-26 |
|
Date of Registration: |
2014-4-4 |
|
Nature: |
Tripartite Legal Charge/Mortgage |
|
In Favor of: |
Standard Chartered Bank (Hong Kong) Limited |
|
Consideration: |
To Secure All Moneys In Respect Of General Banking Facilities |
|
2 |
|
|
Memorial No.: |
08061602770077 |
|
Date of Instrument: |
2008-6-10 |
|
Date of Registration: |
2008-6-16 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Ascend International (Hk) Limited |
|
Consideration: |
HKD 6,938,400.00 |
|
3 |
|
|
Memorial No.: |
05111800700144 |
|
Date of Instrument: |
2005-11-9 |
|
Date of Registration: |
2005-11-18 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Bestlink Electronics Limited |
|
Consideration: |
HKD 3,500,000.00 |
Production
Information
- The subject is a trader of electronic components without any production activities.
Purchase
Information
- It is introduced that subject purchases its products from Japan, USA, Taiwan, South Korea and etc.
Sales Information
- The subject is mainly engaged in sales of electronic components.
- Subject’s major products are semiconductors such as ICs, Diodes, Transistors, Rectifiers, Capacitors.
- Subject’s selling territory is mainly in Asia and etc.
- Subject’s major customers are manufacturers of electronic products.
- Subject is selling products with many brands, such as “Littelfuse”, “STMicroelectronics”, “TOSHIBA”, “Trident”, “NXP”, “EVERLIGHT”, “NUVOTON”, “SAMWHA”, and “Winbond”, etc.
Settlements
Purchase
1. Domestic Purchase
|
Products |
Electronic components. |
|
Payment Terms |
Cash, T/T and etc |
2. Import
|
Products |
Electronic components. |
|
Payment Terms |
L/C, T/T and etc |
Sales
1. Domestic Markets
|
Product |
Electronic components. |
|
Selling Terms |
Cash, T/T and etc |
2. Export
|
Product |
Electronic components. |
|
Selling Terms |
L/C, T/T and etc |
Financial
Information
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Zou rejected to disclose the financial information, from other sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Public
Mortgage Record
|
1 |
|
|
Company Name: |
Asia Lucky Industrial Limited |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2011-11-2 |
|
Amount Secured: |
Repayment of all monies and liabilities owing or incurred by the company whether alone or jointly with any person from time to time to the mortgagee in respect of general banking facilities and all interest thereon and all other moneys and obligations in respect of moneys which the company covenants to pay to the mortgagee under the terms of the mortgage. |
|
Name of Mortgagee: |
Bank of China (“the mortgagee”) |
|
Address of Mortgagee: |
4th Floor, Dina House, Ruttonjee Centre, 11 Duddell Street, Central, Hong Kong |
|
Description of Property Mortgaged: |
All those 16 equal undivided 596th parts or shares of and in all that piece or parcel of ground registered in the land registry as KWUNG TONG INLAND LOT NO.252 (“the said lot”) and of and in the messages erections and buildings now known as WAH HUNG CENTRE (“the building”) together with the sole and exclusive right and privilege to hold use occupy and enjoy ALL THAT WORKSHOP NO.2 on the 7TH FLOOR of the building. |
|
2 |
|
|
Company Name: |
Asia Lucky Industrial Limited |
|
Instrument of Creating Mortgage: |
Memorandum |
|
Date of Creating Mortgage: |
2011-11-3 |
|
Amount Secured: |
(Loan or credit or other facilities) available to Asia Lucky Industrial Limited |
|
Name of Mortgagee: |
Bank of Baroda (“BOB”) |
|
Address of Mortgagee: |
4/FL, Dina House, Ruttonjee Centre, 11 Duddell Street, Central, Hong Kong |
|
Description of Property Mortgaged: |
Distinctive No. of Receipts: 91210300005145 Date of Issue: 2011-11-3 Amount (USD): 154,000 Due Date: 2012-8-31 Distinctive No. of Receipts: 91210300005089 Date of Issue:2011-8-31 Amount (USD): 814,256.93 Due Date: 2012-8-31 |
|
3 |
|
|
Company Name: |
Asia Lucky Industrial Limited |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2013-6-10 |
|
Amount Secured: |
To secure “all moneys” in respect of general facilities to be granted from time to time by the HBZ Finance Limited to the company and interest thereon |
|
Name of Mortgagee: |
HBZ Finance Limited |
|
Address of Mortgagee: |
1701-5 Wing On House, 71 Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All those 15 equal undivided 596th parts or shares of and in Kung Tong Inland Lot No. 252 (Workshop No.2 on the 14th floor of Wah Hung Center, No. 41 Hung To Road, Kowloon) |
Lawsuits
Up to now, no present or latent litigation of the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special
Note
Interview Details
|
Name |
Ms. Zou |
|
Department: |
Sales Department |
Industry
Information
72829--Parts and accessories of a kind used solely or principally for the manufacture of semiconductor, boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays (kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Switzerland |
54 |
66 |
2,171 |
1,064 |
|
The Mainland of China |
523,412 |
195,845 |
2,204,643 |
882,065 |
|
Germany |
19,213 |
10,858 |
76,305 |
42,639 |
|
UK |
1,388 |
1,214 |
2,896 |
3,783 |
|
Japan |
28,753 |
30,502 |
123,504 |
125,129 |
|
South Korea |
9,415 |
8,375 |
209,048 |
56,938 |
|
Exports |
||||
|
1 |
2 |
8 |
122 |
|
|
Switzerland |
34 |
73 |
107 |
210 |
|
The Mainland of China |
119,531 |
98,329 |
532,490 |
323,845 |
|
Germany |
32,279 |
9,243 |
109,377 |
35,470 |
|
France |
70 |
74 |
637 |
|
|
UK |
1,003 |
265 |
3,856 |
813 |
|
Japan |
1,939 |
664 |
9,828 |
4,521 |
|
South Korea |
2,026 |
1,951 |
3,523 |
7,931 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.
Attachment
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong
Flat/Rm 1202, 12/F, Wah Hung Centre 41, Hung To Rd Kwun Tong, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.