MIRA
INFORM REPORT
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Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
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Name : |
EVERSONIC INDUSTRIES LTD. |
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Registered Office : |
c/o Samson Professional
Services Ltd. Suite A, 12/F., |
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Country : |
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Date of Incorporation : |
10.12.2013 |
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Com. Reg. No.: |
62467545 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
NOT
AVAILABLE [WE
TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE
FROM ANY SOURCES] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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
|
Source
: CIA |
Company name
EVERSONIC
INDUSTRIES LTD.
Company ADDRESS
Registered
Office:-
c/o Samson
Professional Services Ltd.
Suite A, 12/F.,
Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
Shenzhen
Factory:- [Operated by associated]
Qiaohua Industry
Zone, Luo Tian Lin Chang, Songgang, Baoan, Shenzhen, Guangdonog Province,
China.
Puning
Factory:- [Operated by assoicated]
Qiaohua Industry
Building, Chiwei Industrial District, Puning, Guangdong Province, China.
Associated
Companies:-
Qiaohua (Guangzhou) Electric Co. Ltd., China.
Qiaohua (HongKong) Holding Ltd., Hong Kong.
Qiaohua (Puning) Electric Co. Ltd., China.
Shenzhen Qiaohua Industries Ltd., China.
BUSINESS REGISTRATION NUMBER
62467545
COMPANY FILE NUMBER
2009598
DATE OF INCORPORATION
10th December,
2013.
CAPITAL
Nominal Share Capital:
HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
SHAREHOLDER
(As
per registry dated 10-12-2013)
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Name |
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No.
of shares |
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YANG Rui Shi |
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10,000 ===== |
DIRECTOR
(As
per registry dated 10-12-2013)
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Name (Nationality) |
Address |
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YANG Rui Shi |
Longxing Street, Longgang Avenue, Longgang
District, Guangdong Province, China. |
SECRETARY
(As
per registry dated 10-12-2013)
|
Name |
Address |
Co.
No. |
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Samson
Professional Services Ltd. |
Suite A, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon,
Hong Kong. |
0814090 |
GENERAL
Eversonic
Industries Ltd. was incorporated on 10th December, 2013 as a private limited liability
company under the Hong Kong Companies Ordinance.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Suite
A, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong known as
Samson Professional Services Ltd. which is handling its correspondences and
documents. This company is also the
corporate secretary of the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary
shares of HK$1.00 each which are wholly owned by Mr. Yang Rui Shi who is a
China merchant.
He
is a China ID holder and does not have the right to reside in Hong Kong
permanently. He is also the only
director of the subject.
The
subject has had an associated company in Shenzhen Special Economic Zone, China
known as Shenzhen Qiaohua Industries Ltd. [Qiaohua].
Established
in 1980, Qiaohua has become one of the largest manufacturers and exporters of
wireless doorbell and video door phone in China.
The
followings are the main products of Qiaohua:
1. Video
Door Phone
·
4 Wires Video Door Phones;
·
2 Wires Video Door Phones;
·
2 Wires System Audio Door Phones;
·
2.4G Wireless Video Door Phones;
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2.4G Wireless Audio Door Phones;
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Door Viewer;
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Video Door Phones Surveillance
System; &
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Apartment Video Door Phones.
2. Wireless
Door Bell
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Recordable Wireless Door Bells;
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MP3 Wireless Door Bells;
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Hi-quality Sound Wireless Door
Bell;
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Auto-learning Code Wireless Door
Bell;
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200-Meter Wireless Door Bells;
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Wireless Door Chime with Night
Light;
·
Front Door and Back Door Wireless
Door Bell;
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Multi-switch Code Wireless Door
Bell;
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Pre-set Code Wireless Door Bells;
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Electro-mechanical Striking Door
Bell;
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Wired Electronic Door Bells;
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Infrared Sensor Door Bells; &
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Driveway Alert Alarms.
Today,
Qiaohua has founded 2 factories, of which the floor space reaches 106,000.00
square meters. In total the factories
have 18 production lines and have got the ISO 9001:2000 certification. The factories also have got the following
international certificates: CE, GS, RoHS, R&TTE, FCC and UL.
Qiaohau
invests over US$1 million in R&D activities every year and it has new
products launched every month. It can
develop moulds and PCBs in-house, as well as plastic injection.
With
34 years’ experience in OEM/ODM service, Qiaohua has won good reputation in the
customers from over 100 countries and regions all over the world. Now its main markets are Europe, the United
States, Japan, Australia, South America, etc.
The
General Manager of Qiaohua is also Yang Rui Shi.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is just over eight months.
Since
the subject does not have its own operating office and has no employees 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.60.19 |
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1 |
Rs.98.65 |
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Euro |
1 |
Rs.78.63 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
PDT |
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.