MIRA INFORM REPORT
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Report No. : |
354281 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KISTLER CHINA
LIMITED |
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|
|
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Registered Office : |
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi
Yuen Road, Kwun Tong, Kowloon |
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|
|
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Country : |
Hong Kong |
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Date of Incorporation : |
30.05.1996 |
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Com. Reg. No.: |
551391 |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Not Available [Note: We tried to confirm /
obtain the detailed activity but the same is not available from any sources] |
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|
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
Contact
Points
|
Company
Name (in English): |
Kistler
China Limited |
|
Supplied
Name: |
Kistler
China Limited |
|
Supplied
Address: |
Unit
1 1 9/f Aitken Vanson Center Hoi Yuen Road, Kwun Tong Kowloon |
Special
Note
We made an on-site visit to the supplied address,
and we didn’t find subject’s name plate in the building and we tried to knock
the door for several times, however there was no one opened the door.
According to the supplied name and address, we can
not find any other valid contact information of subject.
We found subject’s registration information as follows for reference.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 1, 9/F,
Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong |
|
Date of Registration: |
1996-5-30 |
|
Registered Number: |
551391 |
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Business Registration No.: |
19929699 |
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Paid-up Capital: |
HKD 1,000 (USD 129) = 1,000 Shares@ HKD 1 (As of 2015.07, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-5-30 |
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 1996-5-30 with the
registered number 551391 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
1996-7-9 |
Kistler China Limited |
|
|
|
|
1996-5-30 |
Metrospace Company Limited |
Corporate
Structure
Parent Company
|
Name: |
Kistler Holding Ag |
|
Address: |
Eulachstr 22, Ch-8408 Winterthur, Switzerland |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Kistler Holding Ag |
1,000 |
100% |
|
Total |
1,000 |
100% |
Major Shareholder Information:
|
Name: |
Kistler Holding Ag |
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Address: |
Eulachstr 22, Ch-8408 Winterthur, Switzerland |
Management
Information
Core
Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Raber Michael |
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Address: |
77 Ha Heung Street, Clearwater Bay, N. T., Hong
Kong |
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Position: |
Director |
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ID Number: |
P962176(1) |
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2 |
|
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Name: |
Willi Roger |
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Address: |
Moosstrasse 34, 8625 Gossau, Switzerland |
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Position: |
Director |
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3 |
|
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Name: |
Li Bin |
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Address: |
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi Yuen
Road, Kwun Tong, Kowloon, Hong Kong |
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Position: |
Director |
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ID Number: |
P169806(4) |
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3 |
|
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Name: |
Honey Nominees Limited |
|
Address: |
St George’s Building, Suite 1908, 19th Floor,
No. 2 Ice House Street, Central, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
240378 |
Operation
Information
Offices
& Factories
Since we failed to contact with the subject, we cannot
providing subject’s current address at this stage.
Operation
Information
From public files, we found subject’s some operation
information as following:
The subject was mainly engaged in the business of
piezoelectric and piezoresistive pressure sensors, force sensors, torque
sensors, accelerometers and the corresponding electronics and analysis
software, etc.
Since we failed to contact with the subject, the
operation 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
financial 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
|
Company Name: |
Kistler
China Limited |
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Date of Creating Mortgage: |
2003-9-15 |
|
Name and Address of Mortgagee: |
The Hongkong And Shanghai Banking Corporation Limited
whose head office is situated at No. 1 Queen’s Road Central, Hong Kong |
Lawsuits
Up to now, no present or latent
litigation of the subject has been found.
|
High Court Action: |
Clear |
|
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 |
|
High Court Companies Winding-Up: |
Clear |
Attachment
We made an on-site visit to the supplied address, and
we didn’t find subject’s name plate in the building and we tried to knock the
door for several times, however there was no one opened the door. Thus, we
cannot confirm whether the subject is on this location or not.
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi Yuen Road,
Kwun Tong, Kowloon, Hong Kong
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi Yuen Road,
Kwun Tong, Kowloon, Hong Kong
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi Yuen Road,
Kwun Tong, Kowloon, Hong Kong
Unit 1, 9/F, Aitken Vanson Centre, 61 Hoi Yuen Road,
Kwun Tong, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
HKD |
1 |
Rs.8.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.