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Report Date : |
19.11.2014 |
IDENTIFICATION DETAILS
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Name : |
JENNEX TECHNOLOGY LTD. |
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Registered Office : |
Room 902, 9/F., Grandtech Centre, 8 On |
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Country : |
Hongkong |
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Date of Incorporation : |
01.03.2000 |
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Com. Reg. No.: |
30812275 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds
of electronic devices, instruments and metres, electronic equipment, computer peripherals. |
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No. of Employees : |
20 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hongkong |
A1 |
A1 |
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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 |
HONGKONG- ECONOMIC OVERVIEW
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Source
: CIA |
JENNEX TECHNOLOGY LTD.
ADDRESS: Room 902, 9/F., Grandtech
Centre, 8 On
PHONE: 852-2944 0800
FAX: 852-2944 0997,
2687 5628
E-MAIL: yu@jennex.net
Managing Director: Mr.
Meng Guoqing
Incorporated on: 1st
March, 2000.
Organization: Private
Limited Company.
Capital: Nominal: HK$5,000,000.00
Issued: HK$5,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
20.
Main Dealing Banker: Hang Seng Bank Ltd.,
Banking Relation: Satisfactory.
Registered
Head Office & Warehouse:-
Room 902, 9/F., Grandtech Centre, 8 On Ping
Street, Shatin, New Territories,
Associated
Companies:-
Shenzhen Fusen Supply Chain Management Co.
Ltd.
2F., East Unit, Building 201, Tairan Area, Futian District,
[Tel: 86-0755-8297
5842; Fax: 86-0755-8358
5299, 8342 3435]
Shenzhen Fusen Supply Chain Management Co.
Ltd.,
Shenzhen Fusen Supply Chain Management Co.
Ltd.,
Shanghai Fusen Supply Chain Management Co.
Ltd.,
30812275
0706053
Managing Director: Mr. Meng Guoqing
Contact Person: Ms. Chris Wong
Nominal Share Capital: HK$5,000,000.00
(Divided into 5,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000,000.00
(As
per registry dated 01-03-2014)
|
Name |
|
No. of shares |
|
MENG Guoqing |
|
4,000,000 |
|
ZHAO Mi |
|
1,000,000 |
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|
|
–––––––– |
|
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Total: |
5,000,000 ======= |
(As
per registry dated 01-03-2014)
|
Name (Nationality) |
Address |
|
MENG Guoqing |
18-701, |
|
ZHAO Mi |
18-701, |
(As
per registry dated 01-03-2014)
|
Name |
Address |
|
|
Fansway Secretaries Ltd. |
Room 1009-1012, 10/F., K. Wah Centre, |
0048960 |
The subject was incorporated on 1st March,
2000 as a private limited liability company under the Hong Kong Companies
Ordinance.
Formerly the subject was located at Unit C,
2/F., Unison Industrial Centre, 32 Au Pui Wan Street, Shatin, New
Territories, Hong Kong, moved to the present address in October 2010.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of electronic devices, instruments and metres, electronic equipment, computer peripherals
Employees: 20.
Commodities Imported: Europe, US,
Markets:
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
Federation of
[Membership No. D0083]
Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$5,000,000.00
Mortgage or Charge (since 2011): (See attachment)
Profit or Loss: Making a small profit every year.
Condition:
Keeping in an
active condition.
Facilities:
Making active use
of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
Hang Seng Bank
Ltd.,
Chong Hing Bank
Ltd.,
Nanyang Commercial
Bank Ltd.,
Fubon Bank (Hong
Kong) Ltd.,
Industrial &
Commercial Bank of
Bank SinoPac,
Hong Kong Branch.
Taishin
International Bank Co. Ltd., Hong Kong Branch.
China Everbright
Bank, Hong Kong Branch.
Standing:
Very Good.
Having issued 5 million ordinary shares of HK$1.00 each, Jennex
Technology Ltd. is jointly owned by Mr. Meng Guoqing, holding 80% interests;
and Ms. Zhao Mi, holding 20%. Meng
and Zhao are also directors of the subject.
Most of the time, they are residing in
The subject in fact is an associated company of Shenzhen Fusen Supply
Chain Management Co. Ltd. [Fusen] which is a Shenzhen-based firm.
The subject is trading in all kinds of metal part for electronic
products such as the followings: Zinc Strip, IML Decorated Front Panel,
Magnetic Chuck, Alloy Body, etc.
Established in 2002 and with a registered capital of RMB82 million Yuan,
Fusen is trading in the following commodities chiefly: Electronic devices,
instruments and metres, electronic equipment and components, computers and
computer peripherals, software, etc.
Commodities are sourced from Europe, the
Fusen also offer clients with transportation, customs declaration,
storage and warehousing, and consultancy services. Fusen has claimed to be a “one-stop” service
provider. Currently, Fusen has set up
offices in
From 2009 to 2012, Fusen had been approved by China Customs as an ‘AA
Grade Enterprise’.
Currently, Fusen is using the software known as ERP Management System
which is developed by SAP company.
Meng Guoqing is also the managing director of Fusen.
The new warehouse of Fusen is located at Warehouse B2-6, West Logistics
Centre,
One of the significant companies of the Group is Shanghai Fusen Supply
Chain Management Co. Ltd. It is a
subsidiary of Shenzhen Fushen.
The annual sales turnover of Fusen is significant. The total turnover of the Group in 2013
amounted to RMB20 billion Yuan. Overall
business is profitable and active.
Fusen got the ISO 9001:2008 certification on 21st July, 2010.
In
The subject is fully supported by Fusen.
History in
On the whole, in view of the background and parentage of the subject,
consider it good for normal business engagements.
(Since
2011)
|
Date |
Particulars |
Amount |
|
04-03-2011 |
Instrument: Charge on Deposit Property: All sums from time to time standing to the
credit of all deposit accounts of whatever nature and type, now or at any
time maintained by the Company with Chong Hing Bank Ltd. Mortgagee: Chong Hing Bank Ltd., |
To secure general banking facilities |
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23-03-2011 |
Instrument: Charge on Deposit Property: All the fixed deposit and/or all call
deposit Mortgagee: Nanyang Commercial Bank Ltd., |
To secure the payment of all moneys,
obligations and liabilities |
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23-03-2011 |
Instrument: Charge on Deposit Property: Deposit Balance under the account No.
043-509-9-203604-6 Mortgagee: Nanyang Commercial Bank Ltd., |
To secure the payment of all moneys,
obligations and liabilities |
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23-03-2011 |
Instrument: Charge on Deposit Property: Deposit Balance under the account No.
043-509-1-014908-5 Mortgagee: Nanyang Commercial Bank Ltd., |
To secure the payment of all moneys,
obligations and liabilities |
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31-05-2011 |
Instrument: Charge over Assets by Borrower Property: All the Company’s present and future
rights, title and interest in and to the Deposits and Securities Mortgagee: Fubon Bank (Hong Kong) Ltd., |
All monies, obligations and liabilities |
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18-07-2011 |
Instrument: Charge over Deposits/Securities (2-Parties) Property: The Chargor charges by way of first fixed
charge to the Bank all the right, title and interest of the Chargor in and to
the Charged Assets Mortgagee: Hang Seng Bank Ltd., |
To secure owing all monies in any currency |
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05-02-2013 |
Instrument: Trade Finance Security Assignment Property: The Borrower as beneficial owner and as
security for the payment of all secured liabilities:- (a) Assigns
and agrees to assign absolutely to the Bank all the present and future right,
title, interests and benefits of the Borrower in and to the following
assets:- 1) The export credits; 2) The export collection bills; 3) The sales contracts; 4) The invoice receivables; 5) The insurances; 6) The trade documents; and 7) All claims, remedies and proceeds in
connection with any of the foregoing (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:- 1) The goods together with their proceeds;
and 2) The charged account and all monies at
any time standing to the credit of the charged account including all interest
from time to time accrued or accruing on such monies; and 3) Pledges and agrees pledges and agrees
to pledge to the bank pledged goods and the trade documents which are now or
may in the future be in the possession of the bank Mortgagee: Industrial & Commercial Bank of |
All obligations & liabilities |
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23-07-2013 |
Instrument: Charge on Cash Deposit Property: All sums from time to time standing to the
credit of the account of the Depositor, Deposit Account Number:
(90-008-0063207-5) with Bank SinoPac Mortgagee: Bank SinoPac, Hong Kong Branch. |
All sums of money and liabilities |
|
19-08-2013 |
Instrument: Master Agreement Property: 1) Assets
subject to Pledge 2) Goods
subject to Hypothecation 3) Deposit 4) All
the company’s right, title, interest & benefit in and to documentary
credits 5) All
goods purchased by the company from time to time using credit facilities 6) The
Redelivered goods and any proceeds thereof on trust for the chargee. Mortgagee: Taishin International Bank Co. Ltd.,
Hong Kong Branch. |
All monies & liabilities |
|
26-09-2013 |
Instrument: Security Deed Property: All sums of money which may now or in the
future be deposited in the name of the Chargor in, and standing in the credit
balance of, any account at any branch of the China Everbright Bank together
with all interest accruing from time to time thereon and further includes all
action, claim and rights against the China Everbright Bank and any other
person in connection with the Charged Cash. Mortgagee: China Everbright Bank, Hong Kong
Branch. |
All obligations and liabilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.81 |
|
|
1 |
Rs.96.77 |
|
Euro |
1 |
Rs.77.09 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.