MIRA
INFORM REPORT
|
Report No. : |
305470 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MASTECH ( |
|
|
|
|
Registered Office : |
Unit 3, 5/F., Block A, New |
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|
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Country : |
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|
|
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Date of Incorporation : |
17.12.2012 |
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|
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Com. Reg. No.: |
1840077 |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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LINE OF BUSINESS : |
TRADING
OF DIGITAL INSTRUMENTS. |
|
|
|
|
No. of Employees : |
About 5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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 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 |
Contact Points
|
Company Name (in Chinese): |
華誼儀表(亞洲)有限公司 |
|
Company Name (in English): |
|
|
Supplied Name: |
MASTECH (ASIA) COMPANY LIMITED |
|
Trading Address: |
Unit 3, 5/F., Block A, New Trade Plaza, 6 On
Ping Street, Shatin, Hong Kong |
|
Supplied Address: |
UNIT 3 , 5/F,BLOCK A,NEW TRADE PLAZA,6 ON PING STREET SHATIN,HONGKONG |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 3, 5/F.,
Block A, New Trade Plaza, 6 On Ping Street, Shatin, Hong Kong |
|
Telephone Number: |
+852-3791-2508 |
|
Mobile Phone Number: |
+852-9126-5454 |
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E-mail: |
|
|
Date of Registration: |
2012-12-17 |
|
Registered Number: |
1840077 |
|
Business Registration No.: |
60760327 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.02, 1 HKD = 0.1290 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
87315—electricity meters (no.) |
|
Principal Activities: |
Trading of digital instruments, etc. |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-12-17 |
History
Subject was incorporated on 2012-12-17 with
the registered number 1840077 as Private Limited
Liability Company in Hong Kong.
Corporate
Structure
Related Company
|
Registered Name: |
Shenzhen City Xin Huayi Instrument Co., Ltd.
(Literal Translated) |
|
Registered Address: |
3/F. Bldg 2, No.306 Guanlan Guiyue Road, Longhua
New District, Shenzhen City, Guangdong Province, China |
|
Tel: |
+86-755-8376-6670 |
|
Fax: |
+86-755-8376-6510 |
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Date of Registration: |
2013-2-25 |
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Registered Number: |
440301106895802 |
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Registered Capital: |
CNY 2,000,000 |
|
Paid-up Capital: |
CNY 2,000,000 |
|
Legal Representative: |
Tian Jun |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Kiang Wai Yee Louisa |
3,500 |
35% |
|
Tang Jia Hua |
3,000 |
30% |
|
Xu Wei Ming |
3,000 |
30% |
|
Lam Shui Ying |
500 |
5% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Kiang Wai Yee Louisa |
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Address: |
119, G/F., Che Ha Tsuen, Sai Kung, N.T.,
Hong Kong |
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2 |
|
|
Name: |
Tang Jia Hua |
|
Address: |
Room 902, Unit 4, Hong Shi Apartment, Gongshu
District, Hangzhou, China |
|
3 |
|
|
Name: |
Xu Wei Ming |
|
Address: |
No.48, Xi Tang Jia Nong L, Huangpu District,
Shanghai City, China |
|
4 |
|
|
Name: |
Lam Shui Ying |
|
Address: |
Room 206, Kam Man House, Kai Tai Court, Ma
On Shan, N.T., Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Kiang Wai Yee Louisa |
|
Address: |
119, G/F., Che Ha Tsuen, Sai Kung, N.T.,
Hong Kong |
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Position: |
Director |
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ID Number: |
D639626(8) |
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2 |
|
|
Name: |
Tang Jia Hua |
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Address: |
Room 902, Unit 4, Hong Shi Apartment,
Gongshu District, Hangzhou, China |
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Position: |
Director |
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ID Number: |
330103195702280072 |
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3 |
|
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Name: |
Lam Shui Ying Rosanna |
|
Address: |
206, Kam Man House, Kam Tai Court, Ma On
Shan, Hong Kong |
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Position: |
Director& Secretary |
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ID Number: |
G800284(2) |
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E-mail: |
|
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4 |
|
|
Name: |
Xu Wei Ming |
|
Address: |
No.48, Xi Tang Jia Nong L, Huangpu District,
Shanghai City, China |
|
Position: |
Director |
|
ID Number: |
520102196101282412 |
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 3, 5/F., Block A, New Trade Plaza, 6 On
Ping Street, Shatin, Hong Kong |
Premises Information
Office address:
|
Address: |
Workshop 3 on 5/F of Block A, New Trade
Plaza, No.6 on Ping Street, Shatin New Territories |
|
Owners: |
Vinsun Limited |
|
Memorial Number: |
ST1387431 |
|
2004-10-7 |
|
|
Date of Registration: |
2004-11-2 |
|
HKD 610,000.00 |
History of Premises Owners’
|
1 |
|
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Memorial No.: |
ST1387432 |
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Date of Instrument: |
2004-10-7 |
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Date of Registration: |
2004-11-2 |
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Nature: |
Mortgage Remarks: The consideration is all monies |
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In Favor of: |
Bank of America (Asia) Limited |
|
2 |
|
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Memorial No.: |
ST1381874 |
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Date of Instrument: |
2004-9-7 |
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Date of Registration: |
2004-9-14 |
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Nature: |
Agreement for sale and purchase Remarks: See assignment m/n 1387431 |
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In Favor of: |
Vinsun Limited |
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Consideration Value: |
HKD 610,000.00 |
|
3 |
|
|
Memorial No.: |
ST828343 |
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Date of Instrument: |
1995-8-19 |
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Date of Registration: |
1995-9-1 |
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Nature: |
Agreement for sale and purchase Remarks: See assignment mem. no. 833813 |
|
In Favor of: |
Sheer-On Industrial Limited |
|
Consideration: |
HKD 1,100,000.00 |
Production Information
Subject is a trader of digital instruments
without any production activities.
Purchase Information
Subject purchases products mainly from
Mainland China.
Sales Information
Subject is engaged in sale of digital
instruments.
Subject’s major products include earth
resistance testers, insulation testers, power clamp meters, circuit testers,
digital multimeters, digital clamp meters, electrical testers, wire testers,
digital tachometers and environmental meters.
It is introduced that the products sold by subject
has the certifications of CE-EMC/LCD, ROHS and REACH.
Subject’s sales region focuses on Asia Market.
Settlements
Purchase
Domestic Purchase
|
Products |
Digital instruments |
|
Payment Terms |
Cash, T/T |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Digital instruments |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Digital instruments |
|
Selling Terms |
T/T |
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 Ms. Lin rejected to
disclose the financial information, from other sources we could not obtain such
information, either.
Bankers
|
Name: |
Wing Hang Bank Ltd. |
|
Address: |
Cheung Sha Wan Br. Hong Kong |
|
035820296214060 |
|
|
SWIFT Code: |
WIHBHKHH |
Note: The SWIFT Code belongs to the supplied bank; while subject’s
relevant staff didn’t confirm any other bank information and we cannot obtain
the relevant information from any other sources.
Public
No mortgage record of subject was found.
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 |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview Details
|
Name |
Ms. Lin |
|
Department: |
Sales Department |
Industry
Information
87315—electricity meters (no.)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Australia |
3 |
-- |
5 |
-- |
|
The Mainland of China |
32,945 |
2,711 |
263,988 |
50,557 |
|
Italy |
-- |
-- |
26,182 |
460 |
|
Japan |
887 |
956 |
2,421 |
2,890 |
|
Romania |
-- |
-- |
9,207 |
2,585 |
|
Singapore |
-- |
-- |
6,000 |
1,160 |
|
Thailand |
250 |
94 |
350 |
128 |
|
USA |
5 |
14 |
12 |
46 |
|
Exports |
||||
|
1,740 |
1,581 |
10,181 |
9,237 |
|
|
Australia |
18,890 |
2,122 |
70,137 |
9,761 |
|
Switzerland |
2,592 |
2,528 |
3,612 |
3,594 |
|
The Mainland of China |
4,760 |
508 |
12,737 |
1,799 |
|
UK |
10,193 |
2,446 |
60,525 |
11,007 |
|
Netherlands |
4,224 |
4,447 |
5,544 |
5,522 |
|
USA |
62 |
15 |
17,655 |
1,535 |
|
South Africa |
424 |
405 |
5,256 |
4,796 |
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 |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
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 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
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 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Block A, New Trade Plaza, 6 On Ping Street,
Shatin, Hong Kong
%20COMPANY%20LIMITED%20-%20305470%2004-Feb-2015_files/image002.gif)
5/F., Block A, New Trade Plaza, 6 On Ping
Street, Shatin, Hong Kong
%20COMPANY%20LIMITED%20-%20305470%2004-Feb-2015_files/image004.gif)
Unit 3, 5/F., Block A, New Trade Plaza, 6 On
Ping Street, Shatin, Hong Kong
%20COMPANY%20LIMITED%20-%20305470%2004-Feb-2015_files/image006.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.