MIRA
INFORM REPORT
|
Report No. : |
306164 |
|
Report Date : |
07.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HUAWEI TECH. INVESTMENT CO., LIMITED |
|
|
|
|
Registered Office : |
9/F, Tower 6, The Gateway, No. 9, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.04.2000 |
|
|
|
|
Com. Reg. No.: |
30883832 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in manufacturing, trading and
investment of telecommunication devices |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Exist |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 English): |
Huawei Tech. Investment Co., Limited |
|
Supplied Name: |
HUAWEI TECH INVESTMENT CO.,LTD |
|
Trading Address: |
9/F, Tower 6, The
Gateway, No. 9, Canton Road, Tsimshatsui, Kowloon, Hong Kong |
|
Supplied Address: |
TOWER 6, THE GATEWAY, NO.9 CANTON ROAD, TSIM SHA TUSI, KOWLOON,
HONGKONG. |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
Huawei Tech. Investment Co., Limited |
|
Registered Address: |
9/F, Tower 6, The
Gateway, No. 9, Canton Road, Tsimshatsui, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2125-3888/2588-1899 |
|
Fax Number: |
+852-2125-3889 |
|
Date of Registration: |
2000-4-26 |
|
Registered Number: |
714018 |
|
Business Registration No.: |
30883832 |
|
Registered Capital: |
HKD 500,000,000 (USD 64,500,000) (As of 2015.2, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 500,000,000 (USD
64,500,000) = 500,000,000 Shares@ HKD
1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
76412--Other apparatus for transmission or reception
of voice, images or other data, including apparatus for communication in a
wired or wireless network (such as a local or wide area network) (no.) |
|
Principal Activities: |
Trading of telecommunication devices, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-4-26 |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 2000-4-26 with the
registered number 714018 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Parent Company
|
Name: |
Huawei Technologies Co., Ltd |
|
Address: |
Bantian, Longgang District, Shenzhen, P. R.
China |
|
Tel: |
+86-755 2878-0808 |
|
Description: |
The company is mainly engaged in
manufacturing, trading and investment of telecommunication devices and etc. |
Major Related Company in Hong Kong
|
Registered Name: |
Huawei Device (Hong Kong) Co., Limited |
|
Registered Address: |
Room 04, 9/F., Tower 6,
The Gateway, No.9 Canton Road, Tsimshatsui, Kowloon |
|
Date of Registration: |
2008-4-10 |
|
Registered Number: |
1225505 |
|
Business Registration No.: |
39145235 |
|
Telephone Number: |
+852-2125-3888 |
|
Fax Number: |
+852-2125-3889 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Huawei Technologies Co., Ltd |
500,000,000 |
100% |
|
Total |
500,000,000 |
100% |
Major Shareholder Information:
|
Huawei Technologies Co., Ltd |
|
|
Address: |
Bantian, Longgang District, Shenzhen, P. R. China |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Ji Ping |
|
Address: |
12#702, Champs Elysees, Nong Yuan Road, Fu
Tian District, Shenzhen City, China |
|
Position: |
Director |
|
ID Number: |
R287514(3) |
|
2 |
|
|
Name: |
Meng Wanzhou |
|
Address: |
Flat E, 35th Floor, Block I, Island
Harbourview, 11 Hoi Fai Road, Tai Kok Tsui, Kowloon, Hong Kong |
|
Position: |
|
|
ID Number: |
R075030(0) |
|
3 |
|
|
Name: |
Ren Zhengfei |
|
Address: |
07R, 1/F, A1, Wuhe Blvd, Bantian, Longgang
District, Shenzhen, China |
|
Position: |
Director |
|
ID Number: |
R283353(A) |
|
Date of Appointment: |
2014-7-25 |
|
4 |
|
|
Name: |
Sun Yafang |
|
Address: |
43B-102, Banshanhaijingbieshu, Yanshan Road,
Shekou, Nanshan District, Shenzhen, China |
|
Position: |
Director |
|
ID Number: |
R287515(1) |
|
Date of Appointment: |
2014-7-25 |
|
5 |
|
|
Name: |
Guo Ping |
|
Address: |
Flat G, 28th Floor, Block 5,
Harbor Place, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R411689(4) |
|
Date of Appointment: |
2014-7-25 |
|
6 |
|
|
Name: |
Xu Zhijun |
|
Address: |
D2-7, Xinshijiehaoyuan II, No. 29 Shahe West
Road, Nanshan District, Shenzhen, China |
|
Position: |
Director |
|
ID Number: |
R422851(A) |
|
Date of Appointment: |
|
|
7 |
|
|
Name: |
Hu Houkun |
|
Address: |
Flat F, 17/F, Tower 1, Starcrest, 9 Star
Street, HK |
|
Position: |
Director |
|
ID Number: |
R423397(1) |
|
Date of Appointment: |
2014-7-25 |
|
8 |
|
|
Name: |
Louis Lai & Luk Company Secretarial
Services Limited |
|
Address: |
9/F, Surson Commercial Building, 140-142
Austin Road, Tsimshatsui, Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
686503 |
Operation Information
Offices &
Factories
|
|
Office |
|
Address: |
9/F, Tower 6, The Gateway, No. 9, Canton
Road, Tsimshatsui, Kowloon, Hong Kong |
Premises Information
According to subject’s current trading
address, we did not find any premises information from local land registry;
from other source we cannot obtain any relevant information, either.
Production
Information
The subject is a trader of telecommunication
devices and etc without any production activities.
It is introduced that subject’s group has many
plants in the mainland of China.
Purchase Information
It is introduced that subject purchases its
products and etc both at home and abroad.
Sales Information
The subject is mainly engaged in sales of
telecommunication devices and etc.
Subject’s major products includes electronic
components, radio access equipment, fixed access equipment, core network
equipment, transport network equipment, data communication equipment, network
energy equipment, storage devices and etc.
Subject’s selling territory covers all over
the world; how it is introduced that subject is not responsible for the USA
marketing.
Subject’s major customers are distributors of
electronic products, shops of electronic products, the members of subject’s
group and etc.
It is introduced that subject is selling some
products under the brand named “Huawei”.
Settlements
Purchase
Domestic Purchase
|
Products |
Telecommunication devices |
|
Payment Terms |
Cash, T/T, Interior settlement |
Import
|
Products |
Telecommunication devices |
|
Payment Terms |
L/C, T/T, Interior
settlement |
Sales
Domestic Markets
|
Product |
Telecommunication devices. |
|
Selling Terms |
Cash, T/T, Interior settlement |
Export
|
Product |
Telecommunication devices |
|
Selling Terms |
L/C, T/T, Interior
settlement |
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
|
Date: |
2014-03-06 |
|
Court Name: |
District Court
ECC |
|
Court No.: |
449 |
|
Claimant: |
Lui Hoi Ming c/o Room 2018, Ming Lai House, Choi Wan (II)
Estate, Kln c/o Cheung & Liu
(a firm) (DCEC) (Applicant) |
|
Defendant: |
CR Construction Co
Ltd (R1) |
|
2 |
|
|
Date: |
2013-04-25 |
|
Court Name: |
Labour Tribunal |
|
Court No.: |
LBTC1154 |
|
Claimant: |
MC LAUGHLIN
KEVIN (LBTC1154/2013) (Parties) |
|
Defendant: |
(HUAWEI TECH.
INVESTMENT CO., LIMITED) (LBTC) (Parties) |
|
Reason: |
Not Stated |
|
3 |
|
|
Date: |
2012-10-11 |
|
Court Name: |
Labour Tribunal |
|
Court No.: |
LBTC3206 |
|
Claimant: |
(HUAWEI TECH.
INVESTMENT CO., LIMITED) (LBTC3206/2012) (Parties) |
|
Defendant: |
(CHEUNG HO YIN
KENNETH) (LBTC) (Parties) |
|
Reason: |
Not Stated |
|
4 |
|
|
Date: |
2010-05-25 |
|
Court Name: |
High Court Civil
Action |
|
Court No.: |
HCPI987 |
|
Claimant: |
Cheung Fan (HCPI987/2007) |
|
Defendant: |
Huawei Tech.
Investment Co. Ltd For Directions |
|
5 |
|
|
Date: |
2009-12-23 |
|
Court Name: |
High Court Civil
Action |
|
Court No.: |
HCPI987 |
|
Claimant: |
Cheung Fan (HCPI987/2007) |
|
Defendant: |
Huawei Tech.
Investment Co. Ltd 3rd Pre-trial
Review |
|
6 |
|
|
Date: |
2009-10-29 |
|
Court Name: |
High Court Civil
Action |
|
Court No.: |
HCPI987 |
|
Claimant: |
Cheung Fan (HCPI987/2007) |
|
Defendant: |
Huawei Tech.
Investment Co. Ltd OR Huawei Tech
Investment Co Ltd 2nd Pre-Trial
Review c/o Room 3610-12,
36/F., The Centre, No.99 Queen's
Road, Central, HK |
|
7 |
|
|
Date: |
2009-07-09 |
|
Court Name: |
High Court Civil
Action |
|
Court No.: |
HCPI987 |
|
Claimant: |
Cheung Fan (HCPI987/2007) |
|
Defendant: |
Huawei Tech.
Investment Co. Ltd OR Huawei Tech
Investment Co Ltd Pre-Trial Review c/o Room 3610-12,
36/F., The Centre, No.99 Queen's
Road, Central, HK |
Mortgage Record
No mortgage record of subject was found.
Special Note
Interview Details
|
Name |
Ms. Cheuk |
|
E-mail: |
Industry Information
76412--Other apparatus for transmission or reception of voice, images or other
data, including apparatus for communication in a wired or wireless network
(such as a local or wide area network) (no.)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Canada |
6,116 |
8,010 |
8,342 |
19,421 |
|
Switzerland |
33 |
430 |
1,619 |
2,681 |
|
The Mainland of China |
19,961,578 |
4,113,478 |
115,301,738 |
18,718,819 |
|
Japan |
3,313,330 |
40,379 |
13,226,639 |
203,468 |
|
South Korea |
19,388 |
81,968 |
120,512 |
217,902 |
|
USA |
3,731,516 |
308,146 |
17,793,245 |
1,429,613 |
|
Exports |
||||
|
Australia |
313,723 |
425,525 |
1,393,911 |
1,640,834 |
|
Belgium |
32,382 |
18,498 |
105,114 |
71,584 |
|
Canada |
220,074 |
268,604 |
648,829 |
1,169,942 |
|
The Mainland of China |
5,385,582 |
847,549 |
24,177,243 |
4,037,062 |
|
France |
231,490 |
94,228 |
903,214 |
340,378 |
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: 9/F, Tower 6,
The Gateway, No. 9, Canton Road, Tsimshatsui, Kowloon, Hong Kong
The Gateway, No. 9,
Canton Road, Tsimshatsui, Kowloon, Hong Kong
9/F, Tower 6, The Gateway, No. 9, Canton Road,
Tsimshatsui, Kowloon, Hong Kong
9/F, Tower 6, The Gateway, No. 9, Canton Road,
Tsimshatsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.