MIRA INFORM REPORT

 

 

Report No. :

316833

Report Date :

16.04.2015

 

IDENTIFICATION DETAILS

 

Name :

BERGNER (HK) LIMITED

 

 

Registered Office :

Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon

 

 

Country :

Hongkong

 

 

Date of Incorporation :

01.03.2004

 

 

Com. Reg. No.:

34409018

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading of Kitchenware.

 

 

No. of Employees :

Over 20 Employees (Hong Kong)

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Hongkong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

HONGKONG - 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 40.7 million in 2013, 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 48.5% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9% 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. As of year-end 2014, the Democracy protests that began in late September probably will have some adverse effects on economic growth, particularly retail sales.

 

Source : CIA

 

Contact Points

 

Company Name (in English):

Bergner (HK) Limited

Supplied Name:

Bergner HK Limited

Trading Address:

Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

Supplied Address:

Manhattan Place 3 Wang Tai Road Kowloon Bay

 

Note: The exact name and address are as above. The supplied address is not complete. And the relevant staff of the subject introduced that 6/F., Manhattan Place, 23 Wang Tai Road, Kowloon Bay, Kowloon, Hong Kong belongs to the subject’s former address.

 

 

Company Identification Details

 

Registered Name:

Bergner (HK) Limited

Registered Address:

Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

Telephone Number:

+852-2810-9011

Fax Number:

+852-2810-9022

E-mail:

info@bergnerhome.com

Date of Registration:

2004-3-1

Registered Number:

885555

Business Registration No.:

34409018

Paid-up Capital:

HKD 10,000,000 (USD 1,290,000) = 100,000 Shares@ HKD 100

(As of 2015.4, 1 HKD = 0.129 USD)

Legal Form:

Private Limited Liability Company

SITC Code:

69669-- Kitchenware or tableware of base metal, n.e.s., not in sets (no.)

Principal Activities:

Trading of kitchenware

Staff:

Over 20 Employees (Hong Kong)

Listed at Stock Exchange:

No

Date of Last Annual Return:

2015-3-1

 

 

History

 

Subject was incorporated on 2004-3-1 with the registered number 885555 as Private Limited Liability Company in Hong Kong.

 

Change of Name:

Date

Change

2008-4-14

Bergner (HK) Limited

2004-3-1

Bergner (HK) Limited

 

 

Change of trading address:

Former address

6/F., Manhattan Place, 23 Wang Tai Road, Kowloon Bay, Kowloon, Hong Kong

Current address

Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

 

 

Corporate Structure

 

Major Related Companies

1

Name:

Bergner Home AT

Address:

Lassallestrasse 7A, 1020 Vienna, Austria

Tel:

+43-1- 212-2911

Fax:

+43-1- 212-291-160

2

Name:

Bergner Iberi

Address:

Poligono Industrial Malpica, Calle E, N. 88, 50016 Zaragoza, Spain

Tel:

+34-976-108538

Fax:

+34-976-107427

3

Name:

Bergner (RUS) Ltd.

Address:

Vernadskogo avenue, h. 24, room no.3,  119454, Moscow, Russia

Tel:

+7-495- 660-0222

4

Name:

Bergner Ukraine

Address:

Balkovskaya St. 130a, 65072 Odesa, Ukraine

Tel:

+38-048-7380090

Fax:

+38-048-7380096

5

Name:

Bergner Impex India Private Ltd.

Address:

Italian Compound Itt Bhatti, Mulund-Goregaon Road 9, Goregaon (E), 400 063 Mumbai, India

Tel:

+91-22-287-12473 / 12474

Fax:

 +91-22-287-12475

 

Office

Name:

Guangzhou Office

Address:

10th Floor, Biology Engineering Mansion, No.10, Shi Liu Gang Road, Hai Zhu District, Guangzhou, China

Tel:

+86-20-6680-9088/6680-9086

Fax:

+86-20-8317-9081

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Davitashvili Janek

95,000

95%

Gupta Umesh Ramchandra

5,000

5%

Total

100,000

100%

 

Major Shareholder Information:

1

Name:

Davitashvili Janek

Address:

Zelinkagasse 10/6, 1010 Wien, Austria

2

Name:

Gupta Umesh Ramchandra

Address:

Room 1202, No. 19, Qing Feng Nan Street, Tianhe District, Guangzhou, Guangdong Province, China

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Davitashvili Janek

Address:

Zelinkagasse 10/6, 1010 Wien, Austria

Position:

Director

ID Number:

R322368(9)

2

Name:

Gupta Umesh Ramchandra

Address:

Room 1202, No. 19, Qing Feng Nan Street, Tianhe District, Guangzhou, Guangdong Province, China

Position:

Director

ID Number:

R294535(4)

3

Name:

Citizen’s Secretarial Services Limited

Address:

14/F, Shanghai Industrial Investment Building, 48 Hennessy Road, Wanchai, Hong Kong

Position:

Corporate Secretary

Registered Number:

32891

 

Personnel Structure

 

Total Employees

Over 20 Employees (Hong Kong)

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

 

 

Premises Information

 

Office address:

Address:

Office E on 19th Floor of Tower A, Billion Centre, NO. 1 Wang Kwong Road, Kowloon

Owners:

Kongway Corporation Limited

Memorial Number:

09111700810045

Assignment With Plan   

Date of Instrument:

2009-10-20

Date of Registration:

2009-11-17

Consideration Value:

$12,842,300.00

 

History of Premises Owners’

 

1

Memorial No.:

14081801210075

Date of Instrument:

2014-8-13

Date of Registration:

2014-8-18

Nature:

Assignment OF Rentals

In Favor of:

Nanyang Commercial Bank, Limited

Consideration:

--

2

Memorial No.:

11040102670023

Date of Instrument:

2011-3-14

Date of Registration:

2011-4-1

Nature:

Tenancy Agreement

Remarks:          Term : 2 years from 1.5.2011 to 30.4.2013 and Option : 1 year from 1.5.2013 to 30.4.2014

In Favor of:

City Wisdom International Limited

Consideration:

The rent is $41,526.00 per month (PT.)

3

Memorial No.:

09111700810077

Date of Instrument:

2009-10-20

Date of Registration:

2009-11-17

Nature:

Mortgage

In Favor of:

Nanyang Commercial Bank Limited

Consideration:

To Secure All Monies in Respect of General Banking Facilities (PT.)

Note: PT. means Part of.

 

Production Information

 

·         Subject is a trader of kitchenware, etc. without any production activities.

·         It is introduced that subject has cooperative factories in Mainland China for production, but the relevant staff rejected to disclose detail information, and we can’t obtain such information from any sources.

 

Purchase Information

 

·         Subject purchases products mainly from Mainland China and the monthly purchase volume is over 100 containers of 40 high cubes.

 

Sales Information

 

·         The subject is mainly engaged in sales of kitchenware and etc.

·         It is introduced that subject also provides daily files handling and financial services for its related companies.

·         It is introduced that subject’s Guangzhou office is responsible for the main sales business, and customers should connect Guangzhou office directly through +86-20-6680-9088/6680-9086 if any order.

·         Subject sells kitchenware with the brand “BERGNER”, etc.

·         Subject’s major sales regions include Russia, Romania, Czekh, Poland, Hungary, Ukraine, Republic of Lithuania and America, etc.

 

Major Products

1

Stainless Steel Pots & Pant

2

Cast Aluminum Pots & Pant

3

Forged Aluminum Pots & Pant

4

Aluminum Pots & Pant

5

Carbon Steel Pots & Pant

6

Kitchen Tools

7

Gadgets

8

Bakeware

9

Cutlery

10

Silicone Accessories

11

Flatware

12

Coffee & Tea Pot

13

Kettles

14

Stoneware

15

Vacuum Flasks

16

Kitchen Accessories

 

 

Trademark

 

1

Trade Mark No.:

301056078

Status:

Registered

Mark:

STAHLHAUS
image

Mark:

Ordinary

Mark Type:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Owner's Name, Address:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Class No.:

8, 21

Specification:

Class 8
Hand tools and implements (hand-operated); non-electric kitchen knives, stainless steel kitchen knives, cutlery.
Class 21
Household or kitchen utensils and containers (not of precious metal or coat therewith); combs & sponges, brushes (except paint brushes), brush-making materials; articles for cleaning purposes; steel wool; un-worked or semi-worked glass (except glass used in building); glassware, porcelain and earthenware not included in other classes.

Date of Filing: (D-M-Y)

21-02-2008

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

06-06-2008

Date of Registration: (D-M-Y)

21-02-2008

Actual Date of  Registration: (D-M-Y)

17-09-2008

Expiry date: (D-M-Y)

20-02-2018

Historical Details:

--

Date of entry

Matters

17-09-2008

Registration

2

Trade Mark No.:

301044684

Status:

Registered

Mark:

Mh millerhaus


image

Mark Type:

Ordinary

Owner's Name, Address:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Owner's Address for Service:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Class No.:

8, 21

Specification:

Class 8
Hand tools and implements (hand-operated); non-electric kitchen knives, stainless steel kitchen knives, cutlery.

Class 21
Household or kitchen utensils and containers (not of precious metal or coated therewith); combs & sponges, bruches (except paint brush), brush-making materials; articles for cleaning purposes; steel wool; un-worked or semi-worked glass except glass used in building); glassware, porcelain and earthenware not included in other classes.

Date of Filing: (D-M-Y)

01-02-2008

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

11-04-2008

Date of Registration: (D-M-Y)

01-02-2008

Actual Date of  Registration: (D-M-Y)

23-07-2008

Expiry date: (D-M-Y)

31-01-2018

Historical Details:

--

Date of entry

Matters

23-07-2008

Registration

3

Trade Mark No.:

300529812

Status:

Registered

Mark:

KAISER HOFF S.G. COOKWARE & ACCESSORY


image

Mark Type:

Ordinary

Owner's Name, Address:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Owner's Address for Service:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Class No.:

21

Specification:

Class 21
household or kitchen utensils and containers (not of precious metal or coat therewith); combs & sponges; brushes (except paint brush); brush-making materials; articles for cleaning purposes; steel wool; un-worked or semi-worked glass (except glass used in building); glassware, porcelain and earthenware not included in other classes.

Date of Filing: (D-M-Y)

15-11-2005

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

27-01-2006

Date of Registration: (D-M-Y)

15-11-2005

Actual Date of  Registration: (D-M-Y)

09-05-2006

Expiry date: (D-M-Y)

14-11-2015

Historical Details:

--

Date of entry

Matters

09-05-2006

Registration

4

Trade Mark No.:

300469558

Status:

Registered

Mark:

SCHLOOS Hermann Miller SEIT 1975


image

Mark Type:

Ordinary

Owner's Name, Address:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Owner's Address for Service:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Class No.:

21

Specification:

Class 21
household or kitchen utensils and containers (not of precious metal or coated therewith); combs and sponges; brushes (except paint brushes); brush-making materials; articles for cleaning purposes; steel wool; un-worked or semi-worked glass (except glass used in building); glassware, procelain and earthware not included in other classes.

Date of Filing: (D-M-Y)

03-08-2005

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

16-09-2005

Date of Registration: (D-M-Y)

03-08-2005

Actual Date of  Registration: (D-M-Y)

29-12-2005

Expiry date: (D-M-Y)

02-08-2015

Historical Details:

 --

Date of entry

Matters

29-12-2005

Registration

5

Trade Mark No.:

300295885

Status:

Registered

Mark:

Va Bene


image

Mark Type:

Ordinary

Owner's Name, Address:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Owner's Address for Service:

Bergner (HK) Limited
Unit 3C-6 32/Fl, The Centrium, 60-Wyndham Street, Central, Hong Kong.

Class No.:

21

Specification:

Class 21
household or kitchen utensils & containers; un-worked or semi-worked glass; glassware, procelain & earthenware.

Date of Filing: (D-M-Y)

05-10-2004

Date of Publication of Application of Acceptance for Registration: (D-M-Y)

19-11-2004

Date of Registration: (D-M-Y)

05-10-2004

Actual Date of Registration: (D-M-Y)

01-03-2005

Expiry date: (D-M-Y)

04-10-2014

Historical Details:

--

Date of entry

Matters

01-03-2005

Registration

 

 

Settlements

 

PURCHASE

 

Domestic Purchase

Products

Kitchenware, etc.

Payment Terms

T/T, Cash, etc.

 

Import

Subject has little import.

 

 

SALES

 

Domestic Markets

 

Subject has little sale in domestic market.

 

Export

Product

Kitchenware, etc.

Selling Terms

L/C, T/T, 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 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

 

Civil Litigation

 

1

Date:

2011-11-24

Court Name:

Magistrates' Courts

Court No.:

KTS15555

Claimant:

KTS15555/2011

Defendant:

Bergner (HK) Limited

Reason:

Failing to furnish written statement on demand

(Letter of Authorisation (Company))

2

Date:

2011-11-15

Court Name:

Small Claim Tribunal

Court No.:

038741/11

Claimant:

Bergner (HK) Ltd

(SCTC038741/11)

Defendant:

VCC Land Ltd

c/o

Suite 3812, 38/F, Cosco Tower, Grand Millennium Plaza, 183 Queen's Road, Central, HK

Reason:

Refund

3

Date:

2011-7-13

Court Name:

Labour Tribunal

Court No.:

LBTC1853

Claimant:

Lau Man Kit Andrew

(LBTC1853/2011)

(Parties)

Defendant:

Bergner (HK) Limited

(LBTC)

(Parties)

Reason:

Not Stated

 

Mortgage Record

 

1

Company Name:

Bergner (HK) Limited

Instrument of Creating Mortgage:

Charge on deposit

Date of Creating Mortgage:

2011-3-8

Amount Secured:

All moneys

Name of Mortgagee:

Union Bank of India

Address of Mortgagee:

Suite 1903-04, 19/F., 9 Queens Road Central, Hong Kong

Description of Property Mortgaged:

Charge Clause I:

The depositor, as beneficial owner, hereby charges by way of first fixed charge, and agrees to charge, to the bank the deposit and all right, title and interest of the depositor whatsoever and whensoever, present and future, thereto and therein, together with any certificates of deposit or other instruments or securities evidencing title, or otherwise relating, thereto (all such matters including the deposit are together called the “Deposit Assets”.

Charging Clause II:

The depositor, as beneficial owner, hereby charges by way of first floating charge to the bank the Deposit Assets.

 

A sum of USD 1,285,000 currently represented or evidence by a certificate of deposit dated 2011-3-7 bearing Number 000013010000603 issued by the bank or standing to the credit of account number with the bank.

2

Company Name:

Bergner (HK) Limited (“Depositor”)

Instrument of Creating Mortgage:

Undertaking relating to deposits

Date of Creating Mortgage:

2011-9-5

Amount Secured:

“Liabilities” means all and any liabilities, sole or joint or contingent, quantified or not, now or hereafter owing or incurred to the bank by the depositor (or any of them) or the third party (or any of them)

“Depositor” means the depositor or depositors shown above and their successors in title, where two or more persons are comprised in the expression “the depositor”, covenants expressed to be made by the depositor shall be deemed to be made jointly and severally and the act or default of one shall be deemed to be the act or default of all them.

“Third party” means the third party or parties (if any) and any other person or persons now or hereafter designated by the depositor in writing as a third party for the purpose of this undertaking.

Name of Mortgagee:

Canara Bank

Address of Mortgagee:

Room 904, 9/FL, Aon China Building 29 Queen’s Road Central Hong Kong

Description of Property Mortgaged:

Receipt No FD104

Date 2010-9-30

Account (USD) 1,265,259.23

Rate Of Interest 0.778%

Maturity Date 2011-9-30

And any other addition sums to be deposited as per the terms of undertaking relating to deposits.

3

Company Name:

Bergner (HK) Limited

Instrument of Creating Mortgage:

Letter of set-off & appropriation

Date of Creating Mortgage:

2011-10-17

Amount Secured:

Advances and other banking facilities granted to the company from time to time

Name of Mortgagee:

Bank of India Hong Kong Branch

Address of Mortgagee:

2/Fl, Buttonjee Centre, 11 Duddell Street, Central, Hong Kong

Description of Property Mortgaged:

The bank shall have the right at any time and without prior notice to the company to set-off any credit balances due to the company where in the company’s currency/savings account or in respect of moneys kept by the company on terms deposit or deposits withdrawable after notice or any other deposit(s) at any of the bank’s branches, against the outstanding debit balances of the company’s loan/overdraft/ cash credit/ trade finance facilities or other advance account/s with the bank or against any liability incurred or to be incurred by the company to the bank whether under or in respect of guarantees or bills or otherwise howsoever and whether such liability be actual or contingent.

 

The following fixed deposits of A/C No. 037260 placed with Bank of India, Hong Kong Branch and all moneys directly or indirectly deriving therefrom and any other sum or sums which are from time to time deposited by the company with the bank is as under:

Deal No.    Date      Amount          Due Date

171931    2011-8-9    USD 778, 193.73  2011-11-9

173257   2011-10-17  USD1,150,000.00  2011-11-9

4

Company Name:

Bergner (HK) Limited

Instrument of Creating Mortgage:

Charge on deposit

Date of Creating Mortgage:

2012-9-28

Amount Secured:

All moneys

Name of Mortgagee:

Union Bank of India

Address of Mortgagee:

Suite 1903-04, 19/F., 9 Queens Road, Central, Hong Kong

Description of Property Mortgaged:

“Deposit Means”

(i) All sums of money from time to time standing to the credit of the account of the Depositor described in part 1 of schedule 2 and or

(ii) The sum set out in Part 2 of schedule 2 deposited by the depositor with the Bank. (it being agreed and acknowledge that the deposit may from time to time be represented, redesignated or evidenced by other accounts of different numbers or instruments of different dates and/ or numbers)

As the same may from time to time be varied rolled over increased or decreased and including all interest (compounded or otherwise) accrued thereon and other amounts of principal added thereto or otherwise from time to time.

And the expression “Deposit” shall also include any currency into which such sums may from time to time be converted and all renewals, rolls-over and/ or replacements of such sums and all accounts to which relevant sums are from time to time credited.

5

Company Name:

Bergner (HK) Limited

Instrument of Creating Mortgage:

Letter of set-off & appropriation

Date of Creating Mortgage:

2013-1-10

Amount Secured:

Advances and other banking facilities granted to the company from time to time

Name of Mortgagee:

Bank of India Hong Kong Branch

Address of Mortgagee:

2/Fl., Ruttonjee Centre, 11 Duddell Street, Central, Hong Kong

Description of Property Mortgaged:

The bank shall have the right at any time and without prior notice to the company to set-off any credit balances due to the company whether in the company’s current/ savings account or in respect of moneys kept by the company on terms deposits withdrawable after notice or any other deposit(s) at any of the bank’s branches, against the outstanding debit balances of the company’s loan/ overdraft/ cash credit/ trade finance facilities or other advance account/s with the bank or against any liability incurred or to be incurred by the company to the bank whether under or in respect of guarantees or bills or otherwise howsoever and whether such liability be actual or contingent.

The following fixed deposits of A/C No. 037260 placed with Bank of India, Hong Kong Branch and all moneys directly or indirectly deriving therefrom and any other sum or sums which are from time to time deposited by the company with the bank is as under:

Deal No.    Date      Amount          Due Date

181690   2013-1-10   USD 485,000    2014-1-10

6

Company Name:

Bergner (HK) Limited (“Depositor”)

Instrument of Creating Mortgage:

Undertaking Relating To Deposits

Date of Creating Mortgage:

2013-9-30

Amount Secured:

“Liabilities” means all and any liabilities, sole or joint, actual or contingent, quantified or not, now or hereafter owing or incurred to the Bank by the Depositor (or any of them) or the Third Party (or any of them).

Name of Mortgagee:

Canara Bank

Address of Mortgagee:

Room 904, 9/FL, Aon China Building 29 Queen’s Road Central Hong Kong

Description of Property Mortgaged:

Receipt No: FD 114      

Date: 27.9.2013

Amount (USD): 702,000.00

Rate Of Interest: 0.63%

Maturity Date: 18.9.2014

 

And any other additionals sums to be deposited as per the terms of undertaking relating to deposits.

 

 

Special Note

 

Interview Details

Name:

Mr. Su

Position

Operator

 

 

Industry Information

 

69669-- Kitchenware or tableware of base metal, n.e.s., not in sets (no.)

 

Unit: HKD/000

 

2014.12

2014.01~2014.12

 

Quantity

Value

Quantity

Value

Imports

Australia

78

6

2,432

52

Canada

1,279

10

19,457

99

The Mainland of China

3,117,897

29,564

40,661,410

354,682

Germany

21,654

293

260,768

4,208

France

13,241

139

89,061

1,255

Italy

8,758

463

112,067

4,191

Japan

84,089

552

1,198,833

10,664

Exports

United Arab Emirates

28,806

422

644,030

8,005

Germany

316,915

7,416

9,244,143

166,442

Australia

40,718

443

535,269

7,011

Belgium

38,574

730

386,128

8,261

Egypt

130,536

858

681,699

4,163

Spain

180,282

1,581

1,716,102

17,439

France

99,445

588

1,250,775

11,757

 

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

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

2014

4,219,046

55,283

3,617,468

3,672,751

+3.2

-546,295

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

2014.07

368,293

5,120

321,040

326,160

+6.8

-42,132

2014.08

358,750

5,289

321,937

327,225

+6.4

-31,525

2014.09

382,355

4,153

327,833

331,986

+4.5

-50,369

2014.10

381,569

4,392

327,335

331,727

+2.7

-49,842

2014.11

378,946

4,701

322,082

326,783

+0.4

-52,163

2014.12

372,007

4,050

308,705

312,755

+0.6

-59,253

 

*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.

 

 

Attachment

 

Address: Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

 

We contacted the subject through the telephone number +852-2810901, the relevant staff (Mr. Su) answered it and introduced that his company locates the registered address (Office E, 19/F., Tower A, Billion Centre, No. 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong), not the supplied address. The supplied address is former address of the subject. So we made an on-site visit to the registered address as above and confirmed subject locates at the address. But the security guard prevented us from taking photos in the building; we could just provide the external view for reference.

IMG_4

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.40

UK Pound

1

Rs.92.15

Euro

1

Rs.66.48

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.