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Report No. : |
307875 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION
DETAILS
|
Name : |
YUTRON TECHNOLOGY
COMPANY LIMITED |
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|
|
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Registered Office : |
11/F, Food Cheong Building, 82-86 Wing Lok Street, Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.09.2010 |
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Com. Reg. No.: |
1502551 |
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Legal Form : |
Private Limited Liability Company |
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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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No. of Employee : |
Not Available NOTE: It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING &
COMMENTS
|
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 : |
Offshore Technology |
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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) |
|
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 |
|
Company Name (in English): |
YUTRON TECHNOLOGY COMPANY LIMITED |
|
Supplied Name: |
Yutron Technology Company Ldt. |
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Supplied Address: |
SuiteB, 11/F, Foo Cheong Building, 82-86
Wing Lok Street, Sheung Wan, Hong Kong |
We can not find
any operation information of subject through public files, and subject’s
registered address is that of subject’s secretary corporate, based on subject’s
registered files and our investigation, we consider subject as an offshore
company.
We tried to
contact with the subject through the supplied mobile number +852-6522-5134,
however, this mobile phone was shut down.
And we tried to
contact with subject through the supplied number +86 755 2238 6970 for several
times, there was no one answered the phone.
We found subject’s
registered files from local registry, supplying as following for reference.
|
Registered Name: |
|
|
Registered
Address: |
11/F, Food Cheong Building, 82-86 Wing Lok Street, Sheung Wan, Hong
Kong |
|
Date of
Registration: |
2010-9-8 |
|
Registered
Number: |
1502551 |
|
Business
Registration No.: |
52924149 |
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Paid-up Capital: |
HKD 10,000 (USD
1,290) = 10,000 Shares@ HKD 1 (As of 2015.02, 1
HKD = 0.129 USD) |
|
Legal Form: |
Private Limited
Liability Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2014-9-8 |
Subject was
incorporated on 2010-9-8 with the registered number 1502551 as Private Limited Liability
Company in Hong Kong.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Ji Fang |
10,000 |
100% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
Name: |
Ji Fang |
|
Address: |
Room 2110, Qinanghuangkong
Building, Baguasi Road, Tutian District, Shenzhen City, China |
Core
Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Ji Fang |
|
Address: |
Room 2110, Qinanghuangkong
Building, Baguasi Road, Tutian District, Shenzhen City, China |
|
Position: |
Director |
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ID Number: |
3602019790521254X |
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2 |
|
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Name: |
CA Corporate
Services Limited |
|
Address: |
11/F, Foo Cheong
Building, 82-86 Wing Lok Street, Sheung Wan, Hong Kong |
|
Position: |
Corporate
Secretary |
|
Registered
Number: |
743488 |
Subject does not
have business entity in Hong Kong.
The subject has no obligation to supply its financial statement to the
third party according to the relevant policy in
Subject does not
have business entity in Hong Kong.
Mortgage
Record
No mortgage of
subject were found.
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 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20. |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION
DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
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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 |
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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 |
|
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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 |
-- |
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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.