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Report No. : |
307874 |
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Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SKY RISE TECHNOLOGY LTD. |
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Registered Office : |
C/o Excel Registrations Ltd. Room 1905, 19/F., |
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Country : |
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Date of Incorporation : |
09.01.2006 |
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Com. Reg. No.: |
36426000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
No Employee in It is to be noted that the
company does not have its own operating office in |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dissolved By Deregistration |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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) |
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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 |
SKY RISE
TECHNOLOGY LTD.
Registered
Office:-
C/o Excel Registrations Ltd.
Room 1905, 19/F., Nam Wo Hong Building, 148 Wing Lok Street, Sheung Wan,
Hong Kong.
Associated
Companies:-
China Skyrise Digital Service Inc., US.
Shenzhen Skyrise Technology Co. Ltd., China.
Shenzhen Skyrise Digital Electronic Co. Ltd., China.
United Digital Home H.K. Group Co. Ltd., Hong Kong.
36426000
1018277
9th January, 2006.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 09-01-2014)
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Name |
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No. of shares |
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WANG Wei |
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10,000 ===== |
(As per registry dated 09-01-2014)
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Name (Nationality) |
Address |
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WANG Wei |
Room 201, Unit 4, Building 4, Xin Yi Jia Yuan, Chong Wen District,
Beijing, 100062, China. |
(As per registry dated 09-01-2014)
|
Name |
Address |
Co. No. |
|
Excel Registrations Ltd. |
Room 1905, 19/F., Nam Wo Hong Building, 148 Wing Lok Street,
Sheung Wan, Hong Kong. |
1046730 |
Please be advised that Sky Rise Technology Ltd. was a private limited
company which applied for deregistration in October 2014. It was formally deregistered on 16th January,
2015, the date of the publication of Gazette Notice No. 540. The subject was accordingly dissolved by
deregistration.
The subject was incorporated on 9th January, 2006 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject did not have its own operating office. Its registered office was in a commercial
service firm located at ‘Room 1905, 19/F., Nam Wo Hong Building, 148 Wing Lok
Street, Sheung Wan, Hong Kong’ known as ‘Excel Registrations Ltd.’ [Excel]
which had handled its correspondences and documents. Excel was also the corporate secretary of the
subject.
The subject had no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject had issued
10,000 ordinary shares of HK$1.00 each which were wholly-owned by Mr. Wang
Wei who was a China merchant. He was a
China ID holder and did not have the right to reside in Hong Kong
permanently. He was also the only
director of the subject.
The subject had an associated company in the United States known as
China Skyrise Digital Service Inc. [CSDS].
CSDS, formerly Getpokerrakeback.com, through its subsidiaries, is
engaged in the development, sale, installation and maintenance of digital
residential safety and video surveillance products, and in the development and
integration of related software in China.
Its customers are primarily urban and suburban residential communities
and real estate development companies in China.
CSDS’s products include standalone digital video recorders (DVRs), embedded
DVRs, mobile DVRs, digital cameras, control system software platforms,
perimeter security alarm systems monitors and auxiliary apparatuses. All the products bore the brand name Skyrise.
The subject also had another associated company in Shenzhen SEZ, China
known as Shenzhen Skyrise Technology Co. Ltd. [Shenzhen Skyrise]. It is an associated company of CSDS.
According to Shenzhen Skyrise, its main business partners are China
Telecom, China Mobile and China Unicom.
The subject was dissolved by deregistration formally on 16th January,
2015.
Since the subject has been dissolved by deregistration, consider it not
suitable for any business engagements.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
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|
1 |
Rs.96.21 |
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Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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 |
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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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<10 |
C |
Absolute credit
risk exists. Caution needed to be exercised |
Credit not recommended |
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-- |
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.