MIRA
INFORM REPORT
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Report No. : |
305467 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOMI FUJI INTERNATIONAL LIMITED |
|
|
|
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Formerly Known As : |
EXCEL PLUS INTERNATIONAL LIMITED |
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|
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Registered Office : |
Flat G, 5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai Chung, N T |
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Country : |
Hongkong |
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Date of Incorporation : |
18.01.1996 |
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Com. Reg. No.: |
19796339 |
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Legal Form : |
Private Limited Liability Company |
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|
|
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LINE OF BUSINESS : |
TRADING
OF ELECTRIC APPLIANCES. |
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|
|
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hongkong |
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 |
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 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 English): |
Tomi Fuji International Limited |
|
Supplied Name: |
TOMI FUJI INTERNATIONAL LIMITED |
|
Trading Address: |
Flat G, 5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai
Chung, N T, Hong Kong |
|
Supplied Address: |
FLAT G, 5/F, PHASE 2, KINGSFORD IND. BLDG., 26-32 KWAI CHUNG, HONGKONG |
Note: The exact name
and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat G, 5F, Phase 2, Kingsford Ind. Bldg.,
26-32 Kwai Hei St., Kwai Chung, N T, Hong Kong |
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Telephone Number: |
+852-2432-0170 |
|
Fax Number: |
+852-8578-5600 |
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Date of Registration: |
1996-1-18 |
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Registered Number: |
536505 |
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Business Registration No.: |
19796339 |
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Registered Capital: |
HKD 10,000 (USD 1,290) (As of 2015.2, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
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SITC Code: |
77254-- Relays, For A Voltage Not Exceeding 1 000 V (Kg) |
|
Principal Activities: |
Trading of electric appliances |
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Staff: |
About 10 Employees |
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Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-1-18 |
History
Subject was incorporated on 1996-1-18 with the registered number 536505
as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Name |
|
2012-8-24 |
Tomi Fuji International Limited |
|
1996-1-18 |
Excel Plus International Limited |
Corporate Structure
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Fung Tat Shing |
6,600 |
66% |
|
Kwok Ka Mei |
3,400 |
34% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Fung Tat Shing |
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Address: |
Rm. 805, 15 Ming On St., Hung Hom, Kowloon, Hong Kong |
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2 |
|
|
Name: |
Kwok Ka Mei |
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Address: |
Flat 1, 14F, Kai Fun Bldg., Whampoa Estate, Hong Kong |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Kwok Ka Mei |
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Address: |
Flat 1, 14F, Kai Fun Bldg., Whampoa Estate, Hong Kong |
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Position: |
Director |
|
ID Number: |
Ko53224(A) |
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2 |
|
|
Name: |
Fung Tat Shing |
|
Address: |
Rm. 805, 15 Ming On St., Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
E713535(5) |
|
3 |
|
|
Name: |
Lau Ming Ching |
|
Address: |
143 Sai Yee St., 3F, Rear Portion, Kowloon, Hong Kong |
|
Position: |
Secretary |
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Registered Number: |
G063712(1) |
Personnel Structure
|
Total Employees |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Flat G, 5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai Chung,
N T, Hong Kong |
Premises
Information
Office address:
|
Address: |
Factory G On 5/F Including Balcony & Store Room Appurtenant
Thereto Of Kingsford Industrial Bldg. Phase II 26-32 Kwai Hei St. Kwai Chung N.T. |
|
Owners: |
Cheng Wai Yee Carrie |
|
Memorial Number: |
11122902430080 Assignment |
|
Date of Instrument: |
2011-12-16 |
|
Date of Registration: |
2011-12-29 |
|
Consideration Value: |
HKD 3,988,000.00 |
History
of Premises Owners’
|
1 |
|
|
Memorial No.: |
13082601950070 |
|
Date of Instrument: |
2013-8-19 |
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Date of Registration: |
2013-8-26 |
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Nature: |
Second Legal Charge |
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In Favor of: |
Shanghai Commercial Bank Limited |
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Consideration: |
All Moneys |
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2 |
|
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Memorial No.: |
13082601950069 |
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Date of Instrument: |
2013-8-19 |
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Date of Registration: |
2013-8-26 |
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Nature: |
Mortgage |
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In Favor of: |
Shanghai Commercial Bank Limited |
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Consideration: |
All Moneys |
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3 |
|
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Memorial No.: |
11121602430020 |
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Date of Instrument: |
2011-12-12 |
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Date of Registration: |
2011-12-16 |
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Nature: |
Confirmatory Deed (Rectifying Receipt On Discharge Of A
Charge Memorial No. TW1524424) |
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In Favor of: |
-- |
|
Consideration: |
-- |
Production
Information
Subject is engaged in trading of electric appliances, etc. without any
production activities.
Purchase
Information
It is introduced that subject’s
products are both purchased at home and abroad.
Sales
Information
Subject is engaged in sale of electric appliances, etc.
The major products of the subject are air conditioners, etc.
It is introduced that subject is the agent of Haier central air
conditioning.
The sales regions of the subject are domestic market and abroad.
Subject’s major customers are supermarket, electrical appliance shops,
etc.
Settlements
Purchase
Domestic Purchase
|
Products |
Electric appliances, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Electric appliances, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Electric appliances, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Electric appliances, 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
Mortgage
Record
No mortgage record of the subject was found.
Lawsuits
Up to now, no present or latent litigation of the subject
has been found.
|
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 |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview
Details
|
Name |
Mr. Zeng |
|
Department: |
Sales Department |
Industry Information
77254-- Relays, For A Voltage Not Exceeding 1 000 V (Kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Germany |
35,719 |
24,413 |
139,718 |
105,028 |
|
France |
759 |
2,750 |
3,689 |
16,537 |
|
India |
5,860 |
907 |
20,537 |
3,750 |
|
Italy |
6,782 |
3,009 |
33,321 |
15,650 |
|
Japan |
84,776 |
48,214 |
433,548 |
262,895 |
|
Thailand |
31,116 |
9,007 |
127,891 |
37,275 |
|
Canada |
279 |
555 |
1,034 |
1,536 |
|
Malaysia |
25,427 |
7,631 |
103,391 |
30,271 |
|
USA |
11,104 |
11,875 |
77,399 |
59,740 |
|
The Mainland of China |
802,953 |
274,348 |
3,596,188 |
1,206,486 |
|
Exports |
||||
|
USA |
3 |
19 |
29 |
25 |
|
The Mainland of China |
83 |
18 |
469 |
391 |
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
Address: Flat G, 5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St.,
Kwai Chung, N T, Hong Kong
Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai Chung, N T, Hong Kong
5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai Chung, N T,
Hong Kong
Flat G, 5F, Phase 2, Kingsford Ind. Bldg., 26-32 Kwai Hei St., Kwai
Chung, N T, Hong Kong
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
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.