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Report No. : |
301826 |
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Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
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Name : |
UNISCOPE ELECTRONICS CO. LTD. |
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Registered Office : |
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.06.2006 |
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Com. Reg. No.: |
36846274 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of All Kinds of Mobile Phone & Accessories. |
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No. of Employee : |
01 |
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 : |
Small Company |
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Payment Behaviour : |
Slow But Correct |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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.
|
Source
: CIA |
(Formerly located at:
Unit C, 10/F., Seabright Plaza,
9-23 Shell Street, North Point, Hong Kong.)
UNISCOPE
ELECTRONICS CO. LTD.
ADDRESS: Unit D, 12/F.,
Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.
PHONE: 852-2512
6078
FAX: 852-2512
6068
Managing Director: Mr. Gu Xinhui
Incorporated on: 13th June, 2006.
Organization: Private Limited
Company.
Issued Share Capital: HK$10,000.00
Business Category: Mobile
phone trader.
Group Revenues: RMB7,915.2
million Yuan (Year ended 31-12-2013)
Employee: 1.
Main Dealing Banker: Bank of
China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
UNISCOPE ELECTRONICS
CO. LTD.
Registered
Office:-
c/o Associated Consultants Ltd.
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point,
Hong Kong.
Associated
Companies:-
Datang Microelectronics Technology Co. Ltd., China.
Datang Software Technologies Co. Ltd., China.
Datang Telecom (Chengdu) Information Technology Co. Ltd., China.
Datang Telecom (H.K.) Ltd., Hong Kong.
Datang Telecom (Tianjin) Communication Terminal Manufacturing Co. Ltd.,
China.
Datang Telecom International Technology (Hong Kong) Co. Ltd.,
Hong Kong.
Datang Telecom Technology Co. Ltd., China.
Leadcore Technology (Hong Kong) Co. Ltd., Hong Kong.
Leadcore Technology Co. Ltd., China.
Shanghai Huntel Technologies Co. Ltd., China.
Shanghai Uniscope Electronics Co. Ltd., China.
Shanghai Uniscope Technologies Co. Ltd., China.
Uniscope Communication (Shenzhen) Co. Ltd., China.
Uniscope Electronic (Qidong) Co. Ltd., China.
Uniscope Technologies (Qidong) Co. Ltd., China.
Xi’an Datang Telecom Co. Ltd., China.
Xinhua Ruide (Beijing) Network Technology Co. Ltd. China.
Zhejiang Pujie Communication Technology Co. Ltd., China.
36846274
1051975
Managing Director: Mr. Gu Xinhui
HK$10,000.00
(As per registry dated 13-06-2014)
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Name |
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No. of shares |
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GU Xinhui |
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10,000 ===== |
(As per registry dated 13-06-2014)
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Name (Nationality) |
Address |
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GU Xinhui |
Room 2602, No. 23, Lane 8, South Qinzhou Road, Shanghai, China. |
(As per registry dated 13-06-2014)
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Name |
Address |
Co. No. |
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Associated Consultants Ltd. |
Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong
Kong. |
0466631 |
The subject was incorporated on 13th June, 2006 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit C, 10/F., Seabright Plaza, 9-23
Shell Street, North Point, Hong Kong.
It moved to the present address in early 2014 where is the operating
office of a commercial service provider Associated Consultants Ltd.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Mobile phone
trader.
Lines: All kinds of mobile
phones, accessories.
Employee: 1.
Commodities Imported: China, etc.
Markets: China, other
Asian countries.
Group Revenues:-
RMB4,027.9 million Yuan (Year
ended 31-12-2010)
RMB5,353.0 million Yuan (Year
ended 31-12-2011)
RMB6,183.3 million Yuan (Year
ended 31-12-2012)
RMB7,915.2 million Yuan (Year
ended 31-12-2013)
Terms/Sales: L/C, T/T.
Terms/Buying: As per contracted.
Issued Share Capital: HK$10,000.00
Group Net Income:-
RMB 66.0 million Yuan (Year ended 31-12-2010)
RMB130.0 million Yuan (Year ended
31-12-2011)
RMB168.9 million Yuan (Year ended
31-12-2012)
RMB155.6 million Yuan (Year ended
31-12-2013)
Profit or Loss: Making a small
profit in Hong Kong.
Condition: Business is not
very active in Hong Kong.
Facilities: Making rather active
use of general banking facilities.
Payment: Met trade commitments as
required.
Commercial Morality: Good.
Banker: Bank of China
(Hong Kong) Ltd., Hong Kong.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Uniscope
Electronics Co. Ltd. is wholly owned by Mr Gu Xinhui who is a China
merchant. He is a China passport holder
and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject’s registered office is in a commercial service firm located
at Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong
Kong known as Associated Consultants Ltd. [ACL] which is handling its
correspondences and documents. This firm
is also the corporate secretary of the subject.
The subject has a representative in Hong Kong who is assigned by ACL.
The subject, trading in mobile phones, has had an associated company
known as Shanghai Uniscope Technologies Co. Ltd. [SUT] which is in Shanghai,
China. Shanghai Uniscope is a subsidiary
company of Datang Telecom Technology Co. Ltd. [Datang] which is a
Shanghai-based firm. It is also a listed
firm in China. Its shares are traded in
Shanghai Stock Exchange and its code is 600198.
SUT was established in October 2005 and began working GSM mobile phone
product design, production and sales.
SUT’s current 2.5G mobile communication terminal with GSM and CDMA
product line, in the 3G mobile communication terminals have the TD‑SCDMA and
EVDO product lines and product line in preparation for the establishment of
WCDMA. At the same time it has
established platform and machine OEM smartphone platform, and established a
complete production platform. SUT has a
wealth of product lines and complete industrial chain form the structure of an
increasingly competitive.
The subject’s another associated company Shanghai Uniscope Electronic
Co. Ltd. [SUE] was founded in August 2006.
It is responsible for the procurement of raw materials, production
management, board and sales business.
SUT’s products, GC dual-mode products made overseas good results, the
development of Indonesia’s HiTech, Thailand, Wellcome, Fly and other known
brands in India and carrier customers.
Its current markets are Southeast Asia, the Middle East, South America
and the other regions cover more than 20 countries.
The subject’s another main associated company Uniscope Communication
(Shenzhen) Co. Ltd. [UCS] is also a China-based company. UCS is also engaged in the same lines of
business as the subject.
Now, Uniscope’s mobile business has developed well in China and has kept
staying at the leading position in mobile phone industry.
Uniscope’s products are based on current most available platforms,
including the GSM/ GPRS/ EDGE/ WCDMA/ HSDPA/ HSUPA/ CDMA/ TD-SCDMA/ EVDO and
are featured with multiple functions and applications. Its GSM phones includes Multi-media Phone,
Ultralong- standby Phone, SmartNx-Based Smartphone with GPS function, and the
Analog Television Phone, which has especially been proved as a best seller in
more than 15 countries and regions in Southeast Asia, South America, and the
Middle East.
Datang is principally engaged in industries of microelectronics,
software, communications access and terminals.
It provides mobile phones, external data cards, internal data cards,
chips, intelligent cards, intelligent card management systems, communications
operation support systems, information technology (IT) services, industrial
application solutions, wires and cables, as well as emergency communications
systems, among others. It also involves in the provision of industrial
application and communications services, including communications engineering,
monitoring systems, mobile agent servers (MASs) and value-added services, among
others. Datang operates its businesses
primarily in domestic market.
SUT is 51% owned by Datang. The
other 49% was acquired by GU Xinhui and another shareholder.
As at end of 31st December, 2013, the revenues of Datang amounted to
RMB7,915.2 million (2012: RMB6,183.3 million Yuan), net profits amounted to
RMB155.6 million (2012: RMB168.9 million Yuan).
Total revenues increased but net income decreased in 2013 as compared
with previous years.
The subject’s history in Hong Kong is over eight years and six
months. The subject is fully supported
by Datang and its associated company UCS in Shenzhen Special Economic Zone.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.40 |
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|
1 |
Rs.94.17 |
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Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.