MIRA INFORM REPORT
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Report No. : |
318965 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG ASANO TECHNOLOGY LIMITED |
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Registered Office : |
Unit 2018, 20/F, Shatin Galleria, 18-24 Shan Mei Street, Fotan, New Territories |
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Country : |
Hong Kong
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Date of Incorporation : |
11.10.2013 |
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Com. Reg. No.: |
1979045 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is mainly engaged in sales of Covers
Color TV Chassis, TV Cabinets, Complete TV Sets, and Other Related CKD and
SKD Components |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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 |
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 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.
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Source
: CIA |
Contact Points
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Company Name (in Chinese): |
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Company Name (in English): |
HONG KONG ASANO TECHNOLOGY LIMITED |
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Supplied Name: |
HONGKONG ASANO TECHNOLOGY LIMITED |
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Trading Address: |
Unit 1018, 10/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong |
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Supplied Address: |
Unit 2018, Shatin Galleria 18-24 Shan Mei Street Fotan New Territories |
Note: The exact name
and address are as above.
Credit Summary
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Credit Rating: |
N/A |
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Credit Opinion: |
In view of the absence of information about subject’s
status, caution should be exercised. |
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Risk Score: |
360 Points |
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Risk Analysis: |
Poor creditworthiness |
Special Note
We made an on-site visit
to the supplied address, and found subject
is at this location. We tried to knock the door, there was no one answering.
From public files, we found telephone number
+852-2698-1089 belongs to subject, we tried to contact with the subject through
this number for many times. However, the phone still cannot not get through. We
sent an mail to the E-mail address marketing@asano-international.com
, there was no reply.
According to the supplied
name and address, we can not find any valid contact information of subject.
We found subject’s registration information as follows for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
Unit 2018, 20/F,
Shatin Galleria, 18-24 Shan Mei Street, Fotan, New Territories, Hong Kong |
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Date of Registration: |
2013-10-11 |
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Registered Number: |
1979045 |
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Business Registration No.: |
62160848 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.04, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-10-11 |
Notes: Since we didn’t contact subject successfully,
the principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2013-10-11 with
the registered number 1979045 as Private Limited Liability Company in Hong
Kong.
Corporate Structure
Parent Company
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Name: |
Guangdong Asano Technology Limited |
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Address: |
Changsheng Road, Songxia Industrial Park,
Songgang, Nanhai District, Foshan City, Guangdong Province, China |
Shareholders
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Subscription Shares |
Proportion of Investment (%) |
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Guangdong Asano Technology Limited |
9,000 |
90% |
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Wu Yihao |
1,000 |
10% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Guangdong Asano Technology Limited |
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Address: |
Changsheng Road, Songxia Industrial Park,
Songgang, Nanhai District, Foshan City, Guangdong Province, China |
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2 |
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Name: |
Wu Yihao |
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Address: |
Flat ND, 49/F, Tower 1, Phase 3, Festival
City, 1 Mei Tin Road, Tai Wai, New Territories, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Wu Yanping |
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Address: |
No. 603, 103 Dong, Xiang Ge Li La Hua Yuan,
Nan Guo Tao Yuan, Nanhai District, Foshan City, Guangdong Province, China |
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Position: |
Director |
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ID Number: |
R819823(2) |
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2 |
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Name: |
New Choice Accountants Limited |
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Address: |
Unit 2018, 20/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
634471 |
Operation Information
Offices & Factories
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Office |
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Address: |
Unit 1018, 10/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong |
According to subject’s current trading
address, we did not find any premises information from local land registry;
from other source we can not obtain any relevant information, either.
Operation
Information
From public files, we found that subject’s
operation information is as following:
The subject is mainly engaged in sales of
covers color TV chassis, TV cabinets, complete TV sets, and other related CKD
and SKD components.
Since we failed to contact with the subject,
the above information cannot be confirmed by the subject.
Settlements
Since we didn’t contact subject successfully,
the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully,
the settlement information is not available from any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is
not available from any sources.
Public
Mortgage Record
No mortgage of subject were found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
We made an on-site visit to the supplied
address, and found subject is at this location. We tried to knock the door,
there was no one answering.
Unit 1018, 10/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong
Unit 1018, 10/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong
Unit 1018, 10/F, Shatin Galleria, 18-24 Shan
Mei Street, Fotan, New Territories, Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
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|
1 |
Rs.96.52 |
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Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.