MIRA
INFORM REPORT
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Report No. : |
306354 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
TECH-TOP TECHNOLOGY LIMITED |
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Registered Office : |
Room 3, 10/F., Block A, Tonic Industrial Centre, |
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Country : |
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Date of Incorporation : |
07.06.2004 |
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Com. Reg. No.: |
34629929 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Engaged
as supplier of cables and computer accessories including Charging Hub, USB Peripherals,
Storage, HDMI, Tablet & Smart Phone Accessories, Panel & Express Card
& Cable Charging Hub USB
Peripherals ·
USB
Converter USB Extension USB Hub USB Card Reader Storage ·
Accessories HDMI ·
HDMI
Switch HDMI Splitter HDMI Extender HDMI Converter Tablet &
Smart Phone Accessories ·
DP Mini DP Active DP Adaptor Video MHL + OTG Stand Panel &
Express Card ·
Panel Express Card Cable ·
USB HDMI DVI Data Sharing Cable |
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No of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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% 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.
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Source : CIA |
Contact Points
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Company Name (in Chinese): |
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Company Name (in English): |
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Supplied Name: |
Tech Top Technology Limited |
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Trading Address: |
Room 3, 10/F., Block A, Tonic Industrial
Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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Supplied Address: |
Room 3 10/F Block A Tonic Industrial Centre 26 Kai Cheung Road |
Note: The exact name and address are as above.
Credit Summary
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered Address: |
Room 3, 10/F., Block
A, Tonic Industrial Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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Telephone Number: |
+852-2754-5327 |
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Fax Number: |
+852-2139-2871 |
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E-mail: |
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Website: |
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Date of Registration: |
2004-6-7 |
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Registered Number: |
904906 |
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Business Registration No.: |
34629929 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 (As of 2015.02, 1 HKD = 0.1290 USD) |
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Legal Form: |
Private Limited Liability Company |
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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.) |
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Principal Activities: |
Engaged as supplier of cables and computer
accessories including Charging Hub, USB Peripherals, Storage,
HDMI, Tablet & Smart Phone Accessories, Panel & Express Card &
Cable |
|
Staff: |
About 10 Employees |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-6-7 |
History
Subject was incorporated on 2004-6-7 with the registered number 904906 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Major Related
Companies
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1 |
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Name: |
Unitek International Group Limited |
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Address: |
Room 3, 10/F., Block A, Tonic Industrial
Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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Date of Registration: |
2010-6-25 |
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Registered Number: |
1472999 |
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2 |
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Name: |
Hai Lin Computer Technology (Shenzhen) Co.,
Ltd. (Literal Translation) |
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Address: |
Block 1, No. 6 Industrial District, Yulv
Village, Gongming Town, Bao'an District, Shenzhen, China |
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Date of Registration: |
2003-2-12 |
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Registered Number: |
440301503318355 |
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Registered Capital: |
HKD 2,000,000 |
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Legal Form: |
Limited Liability Company |
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Legal Representative: |
Yip Tak Nam |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Yip Tak Nam |
5,000 |
50% |
|
Lam Tsz Suet |
5,000 |
50% |
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Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
Yip Tak Nam |
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Address: |
Room 3, 10/F., Block A, Tonic Industrial
Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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2 |
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|
Name: |
Lam Tsz Suet |
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Address: |
Room 3, 10/F., Block A, Tonic Industrial Centre,
26 Kai Cheung Road, Kowloon Bay, Hong Kong |
Management
Information
Core Management
Detailed
Information of Directors:
|
1 |
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Name: |
Yip Tak Nam |
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Address: |
Room 3, 10/F., Block A, Tonic Industrial Centre,
26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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Position: |
Director |
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ID Number: |
P179094(7) |
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2 |
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Name: |
Lam Tsz Suet |
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Address: |
Room 3, 10/F., Block A, Tonic Industrial
Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
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Position: |
Director & Secretary |
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ID Number: |
R009084(A) |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Room 3, 10/F., Block
A, Tonic Industrial Centre, 26 Kai Cheung Road, Kowloon Bay, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop No. A3 on 10th Floor of
Block A Tonic Industrial Centre No. 26 Kai Cheung Road Kowloon |
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Owners: |
Lam Tsz Suet |
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Memorial Number: |
08090201460034 Assignment |
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Date of Instrument: |
2008-8-8 |
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Date of Registration: |
2008-9-2 |
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Consideration Value: |
HKD 2,136,000.00 |
History of Premises Owners’
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1 |
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Memorial No.: |
08090201460058 |
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Date of Instrument: |
2008-8-8 |
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Date of Registration: |
2008-9-2 |
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Nature: |
Assignment of rentals |
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In Favor of: |
China Construction Bank (Asia)
Corporation Limited |
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2 |
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Memorial No.: |
08090201460045 |
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Date of Instrument: |
2008-8-8 |
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Date of Registration: |
2008-9-2 |
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Nature: |
Mortgage |
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In Favor of: |
China Construction Bank (Asia)
Corporation Limited |
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Consideration: |
All monies |
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3 |
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Memorial No.: |
08072102140011 |
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Date of Instrument: |
2008-7-10 |
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Date of Registration: |
2008-7-21 |
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Nature: |
Agreement for sale and purchase Remarks: See assignment mem. no.
08090201460034 |
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In Favor of: |
Lam Tsz Suet |
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Consideration: |
HKD 2,136,000.00 |
Production
Information
l
Subject is a trader of cables
and computer accessories without any production
activities.
Purchase
Information
l
Subject purchases
products mainly from its related company in Mainland China.
Sales Information
l
Subject is engaged in
sale of cables and computer accessories
l
Subject’s major products
include Charging Hub, USB
Peripherals, Storage, HDMI, Tablet & Smart Phone Accessories, Panel &
Express Card & Cable
l
Subject sells the
products with the brand “UNITEK”.
l
Subject’s sales regions
include Hong Kong, Japan, South Korea, Germany and USA, etc.
Settlements
Purchase
1.
Domestic Purchase (Mainland China)
|
Products |
Cables and computer accessories |
|
Payment Terms |
Interior Settlement, T/T, etc. |
2.
Import
Subject has little Import.
Sales
1.
Domestic Markets
|
Product |
Cables and computer accessories |
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Selling Terms |
Cash, T/T, etc. |
2.
Export
|
Product |
Cables and computer accessories |
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Selling Terms |
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 Mr. Ye rejected to disclose the financial information; from other
sources we could not obtain such information, either.
Bankers
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Name: |
Bank of China (Hong Kong) Limited |
Public
Mortgage Record
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Company Name: |
Tech-Top Technology Limited |
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Instrument of Creating Mortgage: |
2007-1-30 |
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Date of Discharge: |
2008-8-15 |
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Date of Creating Mortgage: |
Mortgage |
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Amount Secured: |
All monies |
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Name of Mortgagee: |
Bank of China (Hong Kong) Limited |
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Address of Mortgagee: |
14th Floor, Bank of China Tower,
No.1 Garden Road, Central, Hong Kong |
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Description of Property Mortgaged: |
All Those 47 equal undivided 543,502nd
parts or shares of and in Tseung Kwan O Town Lot No.73 (Flat A on 63rd
Floor of Tower 1 of Phase I of Metro Town, Tseung Kwan O, Sai Kung, New
Territories) |
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
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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 |
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High Court Companies Winding-Up: |
Clear |
Special Note
Interview
Details
|
Name |
Mr. Ye |
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Department: |
Sales Department |
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 |
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Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Canada |
6,116 |
8,010 |
8,342 |
19,421 |
|
Switzerland |
33 |
430 |
1,619 |
2,681 |
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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 |
||||
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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
Block A, Tonic Industrial Centre, 26 Kai Cheung Road, Kowloon Bay, Hong
Kong
Room 3, 10/F., Block A, Tonic Industrial Centre, 26 Kai Cheung Road, Kowloon
Bay, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
UK Pound |
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared by
: |
MNL |
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.