MIRA INFORM REPORT
|
Report No. : |
305036 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNI-SINO LIMITED |
|
|
|
|
Registered Office : |
Unit 1504B, Cable TV Tower, 9 Hoi Shing
Road, Tsuen Wan, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Financials (as on) : |
22.03.2014 |
|
|
|
|
Date of Incorporation : |
22.03.2006 |
|
|
|
|
Com. Reg. No.: |
1032816 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in trading of electronic
products. |
|
|
|
|
No. of Employee : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 and address
|
Company Name (in
English): |
UNI-SINO LIMITED |
|
Supplied Name: |
UNI SINO LIMITED |
|
Trading Address: |
Unit 1504B, Cable TV Tower, 9 Hoi Shing Road,
Tsuen Wan, New Territories, Hong Kong |
|
Supplied
Address: |
UNIT 1504B,CABLE
TV TOWER,9,HOI SHING ROAD,TSUEN WAN N.T,HONGKONG |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 1504B, Cable TV Tower, 9 Hoi Shing
Road, Tsuen Wan, New Territories, Hong Kong |
|
Telephone Number: |
+852-2413-7862 |
|
Fax Number: |
+852-2851-8918 |
|
2006-3-22 |
|
|
Registered Number: |
1032816 |
|
Business Registration No.: |
36704024 |
|
Paid-up Capital: |
HKD 100 (USD 12.9) = 100 Shares@ HKD 1 (As of 2015.01, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
72829--Parts and accessories of a kind used solely
or principally for the manufacture of semiconductor, boules or wafers,
semiconductor devices, electronic integrated circuits or flat panel displays
(kg) |
|
Principal Activities: |
Trading of electronic products. |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-3-22 |
History
Subject was
incorporated on 2006-3-22 with the registered number 1032816 as Private Limited
Liability Company in Hong Kong.
Corporate
Structure
Related Companies
|
1 |
|
|
Name: |
Audiologic Limited |
|
Address: |
Unit 1504B, Cable TV Tower, 9 Hoi Shing Road, Tsuen Wan, New
Territories, Hong Kong |
|
Date of Registration: |
1990-7-31 |
|
Registered Number: |
283957 |
|
2 |
|
|
Name: |
Zhuhai Unitron Electronic Co., Ltd. (Literal Translation) |
|
Address: |
B-304, No.1288, Jida Jiuzhou East Avenue, Zhuhai City, Guangdong
Province, China |
|
Tel: |
+86-750-336-7750 |
|
Fax: |
+86-756-336-7787 |
|
Date of Registration: |
2006-9-21 |
|
Registered Number: |
440400000409017 |
|
Registered Capital; |
CNY 1,000,000 |
|
Paid-up Capital: |
CNY 1,000,000 |
|
Legal Representative: |
Xu Qian |
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Mei Yan |
45 |
45% |
|
Xu Qian |
45 |
45% |
|
Wong Wan Leung, David |
10 |
10% |
|
Total |
100 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Mei Yan |
|
Address: |
26/F., Bldg 22, No.123 Jida Shihua East Road, Xiangzhou District,
Zhuhai City, Guangdong Province, China |
|
2 |
|
|
Name: |
Xu Qian |
|
Address: |
26/F., Bldg 22, No.123 Jida Shihua East Road, Xiangzhou District,
Zhuhai City, Guangdong Province, China |
|
3 |
|
|
Name: |
Wong Wan Leung, David |
|
Address: |
House No.79, Beaulieu Peninsula, No.2 Yu Chui Street, Tai Lam, New
Territories, Hong Kong |
Management
Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Mei Yan |
|
Address: |
26/F., Bldg 22, No.123 Jida Shihua East Road, Xiangzhou District,
Zhuhai City, Guangdong Province, China |
|
Position: |
Director |
|
Passport Number: |
G39351799 |
|
Issuing Country: |
China |
|
2 |
|
|
Name: |
Xu Qian |
|
Address: |
26/F., Bldg 22, No.123 Jida Shihua East Road, Xiangzhou District,
Zhuhai City, Guangdong Province, China |
|
Position: |
Director |
|
3 |
|
|
Name: |
Wong Wan Leung, David |
|
Address: |
House No.79, Beaulieu Peninsula, No.2 Yu Chui Street, Tai Lam, New Territories,
Hong Kong |
|
Position: |
Director |
|
ID Number: |
E491063(3) |
|
4 |
|
|
Name: |
Smart Consultants Limited |
|
Address: |
Suite 804, 8/F., Chinachem Leighton Plaza, No.29 Leighton Road,
Causeway Bay, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
322224 |
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 1504B, Cable TV Tower, 9 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit 4B on 15th Floor, Cable TV Tower, No.9 Hoi Shing Road,
Tsuen Wan New Territories |
|
Owners: |
Wong Wan Leung David |
|
Memorial Number: |
UB5979480 Remarks: Assignment with plan |
|
Date of Instrument: |
1994-3-23 |
|
Date of Registration: |
1994-4-21 |
|
Consideration Value: |
HKD 2,360,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
UB9188851 |
|
Date of Instrument: |
2004-2-26 |
|
Date of Registration: |
2004-4-19 |
|
Nature: |
Deed of assignment in relation to rights, interest
& obligations as manager Remarks: By Harriman Realty Company, Limited |
|
In Favor of: |
Harriman Property Management Limited |
|
2 |
|
|
Memorial No.: |
UB8926621 |
|
Date of Instrument: |
2003-4-22 |
|
Date of Registration: |
2003-5-13 |
|
Nature: |
Assignment in relation to rights, interest &
obligations as manager Remarks: By Kowloon Wharf Warehouse Limited
formerly known as Kowloon Wharf Terminal And Warehouse Limited |
|
In Favor of: |
Harriman Realty Company, Limited |
|
3 |
|
|
Memorial No.: |
UB7782408 |
|
Date of Instrument: |
1999-6-10 |
|
Date of Registration: |
1999-6-16 |
|
Nature: |
Memorandum on change of building name |
Production Information
- Subject is a trader of electronic products, etc without any production activities.
Purchase Information
- Subject purchases products mainly from Mainland China.
Sales Information
- Subject is engaged in sale of electronic products, etc.
- Subject’s
major products include TV set, LCD display and related accessories, etc.
- Subject’s
sales regions include Asia, Middle East, Australia and so on.
Settlements
PURCHASE
1.
Domestic Purchase
|
Products |
Electronic products, etc. |
|
Payment Terms |
T/T, etc. |
2.
Import
Subject has little import.
SALES
1.
Domestic Markets
|
Product |
Electronic products, etc. |
|
Selling Terms |
Cash, T/T, etc. |
2.
Export
|
Product |
Electronic products, etc. |
|
Selling Terms |
L/C, 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. Wong 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
Mortgage Record
No mortgage record
of subject was found.
Lawsuits
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 |
Special
Note
Interview
Details
|
Name |
Mr. Wong |
|
Position: |
Director & Manager |
Industry
Information
72829--Parts and accessories of a kind used solely or
principally for the manufacture of semiconductor, boules or wafers,
semiconductor devices, electronic integrated circuits or flat panel displays
(kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Switzerland |
54 |
66 |
2,171 |
1,064 |
|
The Mainland of China |
523,412 |
195,845 |
2,204,643 |
882,065 |
|
Germany |
19,213 |
10,858 |
76,305 |
42,639 |
|
UK |
1,388 |
1,214 |
2,896 |
3,783 |
|
Japan |
28,753 |
30,502 |
123,504 |
125,129 |
|
South Korea |
9,415 |
8,375 |
209,048 |
56,938 |
|
Exports |
||||
|
1 |
2 |
8 |
122 |
|
|
Switzerland |
34 |
73 |
107 |
210 |
|
The Mainland of China |
119,531 |
98,329 |
532,490 |
323,845 |
|
Germany |
32,279 |
9,243 |
109,377 |
35,470 |
|
France |
70 |
74 |
637 |
|
|
UK |
1,003 |
265 |
3,856 |
813 |
|
Japan |
1,939 |
664 |
9,828 |
4,521 |
|
South Korea |
2,026 |
1,951 |
3,523 |
7,931 |
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.
Credit
Index Explanation
The credit index is in fact the number of risky points. The lower credit index is, the higher is the creditworthiness of the company. The following table can be used for evaluation of the creditworthiness of a company:
|
100 – 150 risky points |
Very good creditworthiness |
|
151 – 250 risky points |
Good creditworthiness |
|
251 – 320 risky points |
Average creditworthiness |
|
321 – 400 risky points |
Poor creditworthiness |
|
401 – 500 risky points |
Insufficient creditworthiness |
|
501 – 600 risky points |
Business connection is rejected |
Attachment
Address: Unit 1504B, Cable TV Tower, 9 Hoi Shing Road, Tsuen Wan, New Territories,
Hong Kong
We made an on-site visit to the supplied address as above and confirmed
subject locating at the address; while the security guard prevented us from
taking photos in the building, we could just provide the external view for
reference.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.76 |
|
|
1 |
Rs. 93.13 |
|
Euro |
1 |
Rs. 70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.