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Report No. : |
352882 |
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Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
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Name : |
FINELINE TECHNOLOGIES LLC LTD. |
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Registered Office : |
Unit A, 10/F., Manning Industrial Building, 116-118 How Ming Street, Kwun Tong, Kowloon |
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Country : |
Hong Kong
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Date of Incorporation : |
02.07.2003 |
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Com. Reg. No.: |
33931848 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Barcode Product Trader of Barcode Ticketing Solutions, Related Products. |
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No. of Employees : |
16 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong
Kong and the mainland. The new measures, effective from March 2015, cover a
negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
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Source
: CIA |
FINELINE TECHNOLOGIES LLC LTD.
ADDRESS: Unit A, 10/F., Manning Industrial
Building, 116-118 How Ming Street, Kwun Tong, Kowloon, Hong Kong.
PHONE: 852-2156 9788
FAX: 852-2156 9166
E-MAIL: support@finelinetech.com.hk
account@finelinetech.com.hk
MANAGEMENT:
Managing Director: Ms. Zhang
Hongqiao
Incorporated on: 2nd July, 2003.
Organization: Private Limited Company.
Issued Share Capital: HK$100.00
Business Category: Barcode
Product Trader.
Employees: 16.
Main Dealing Banker: The Hong
Kong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
FINELINE TECHNOLOGIES LLC LTD.
Registered Head
Office:-
Unit A, 10/F., Manning Industrial Building, 116-118 How Ming Street,
Kwun Tong, Kowloon, Hong Kong.
Holding Company:-
Fineline Technologies Inc., US.
Associated
Company:-
Shenzhen Fineline Barcode Technologies LLC
1-3/F., Block D, Huichiao Industrial Park, Gushu Second Road, Xixiang, Bao’an
District, Shenzhen SEZ, China.
[Tel: 86-755-2650 1338 – 8001
Fax: 86-755-1650 1699]
33931848
0851771
Managing Director: Ms. Zhang
Hongqiao
Contact Person: Mr. Charlie White
HK$100.00
(As per registry dated 02-07-2015)
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Name |
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No. of shares |
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Fineline Technologies Inc. 3145 Medlock Bridge Road, Norcross, GA 30071. |
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100 === |
(As per registry dated 02-07-2015)
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Name (Nationality) |
Address |
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Robert HEALY |
260 Lindon Winnetka, Lllinois 60093, U.S.A. |
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Richard Patton JAYNES |
3404 Breton Circle Ne Altanta GA30319, U.S.A. |
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Donavon Richard STAMPER |
5225 Linnadine Way, Norcross, Georgia 30092, U.S.A. |
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ZHANG Hongqiao |
5941 Oxford Chase Circle, Norcross GA30092-3514, U.S.A. |
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Jeffery FARRERO |
4942 Stonewall Avenue, Downers Grove Lllinois 60515, U.S.A. |
(As per registry dated 02-07-2015)
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Name |
Address |
Co. No. |
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Reachtop Registrations Ltd. |
Room 2808, 28/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New
Territories, Hong Kong. |
1438692 |
The subject was incorporated on 2nd July, 2003 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Bloom Tech Ltd.,
name changed to the present style on 10th September, 2003.
Its Chinese name was formally registered on 6th April, 2004.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Barcode
Product Trader.
Lines: Barcode
ticketing solutions, related products.
Employees: 16.
Commodities Imported: China,
Europe, US.
Markets: Hong
Kong, other Asian countries, Europe, North America.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Issued Share Capital: HK$100.00
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a satisfactory
manner.
Facilities: Making rather active use of
general banking facilities.
Payment: No Complaints.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Good.
Having issued 100 ordinary shares of HK$1.00 each, Fineline Technologies
LLC Ltd. is a wholly-owned subsidiary of Fineline Technologies Inc. [FTI] which
is a US-based company.
The subject is trading in the same commodities as FTI.
FTI provides barcode ticketing solutions for retailers, suppliers, and
manufacturers around the world. It
offers integrated tickets for private label branding, such as labels, hang
tags, pocket flashers, joker tags, size strips, carton labels, promotional
tags, etc.; specialty tags and labels, which include transfer, woven labels,
leather patches, and other thin package items; products for barcode creation
and verification; and retailer tickets, such as FastTrak, tickets/tags/labels,
private label branding, specialty tags and labels, Colorsync, retailer tickets,
and e-Codes. The company also provides
media products, such as label stock and ribbons; printers and verifiers; and
pre-press software solutions for creating barcodes and counts for printing,
plate making, graphic arts, pharmaceuticals, consumer products, and couponing
industries.
In addition, it offers SymArt 8 software, a barcode generation software
program; SymArt SVT for barcodes standards; SymArt DVT 3.0 for pre-press
proofing and barcode verification; SymArt Coupon Creator 8 (GS1 Databar) for
coupon creation; SymArt 8 technology, a solution for creating ISBN barcodes;
SymArt Express 8, a barcode creation software; and SymArt Databar, a technology
that allows users to create digitally verifiable codes.
Further, FTI provides in-store mobile merchandising solutions for
retailers and brands; Internet based solutions for order processing, tracking,
and management; specialty tags and labels, heat transfer tagless labels, and
printed and woven fabric labels; and specialty items, which include
eco-friendly items, leather or rubber patches, and buttons. Furthermore, it offers consulting services in
areas, such as barcoding, in-house ticketing, and RFID.
FTI was founded in 1998 and is based in Norcross, Georgia. It owns and operates facilities in the United
States, Canada, and Shenzhen SEZ of China apart from the subject.
FTI’s associated company in China is known as Shenzhen Fineline Barcode
Technologies LLC which is in Shenzhen Special Economic Zone, China. The Shenzhen company was set up in 2006. Its factory covers an area of about 3,500
sq.m. and has about 80 employees. The
contact person is Ms. Zhao who is a China citizen.
The products of the Shenzhen factory are exported and marketed by the
subject in Hong Kong. Business is
active.
FTI has gone from a small team with 50 clients to a global powerhouse
with over 20,000 customers and growing.
One of the directors of the subject Donavon Richard Stamper is the
Founder and Chairman of FTI.
The contact person of the subject Mr. Charlie White is an American.
As the history of the subject is over twelve years and five months in
Hong Kong, on the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.84 |
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|
1 |
Rs.101.04 |
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Euro |
1 |
Rs.73.05 |
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1 |
Rs. |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.