MIRA INFORM REPORT
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Report No. : |
327054 |
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Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SPROCOMM TECHNOLOGIES CO., LIMITED |
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Registered Office : |
Rm 1420 B, 14/F, BLK 2G, Kwai Shing Industrial Building, 42-46 Tai Lin Pai Rd, Kwai Chung, N. T. |
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Country : |
Hongkong |
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Date of Incorporation : |
18.09.2009 |
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Com. Reg. No.: |
51178662 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Hongkong |
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 |
HONGKONG - 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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
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. As of year-end 2014, the Democracy
protests that began in late September probably will have some adverse effects
on economic growth, particularly retail sales.
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Source
: CIA |
Contact
Points
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Company Name (in English): |
Sprocomm Technologies Co., Limited |
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Supplied Name: |
Sprocomm Technologies Co Limited |
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Supplied Address: |
Flat/RM B8/F Chong Ming Building 72 Cheng Sha Wan Rd Kl Hong KOng |
Special
Note
From registration files,
we found the supplied address belongs to the subject’s Corporate Secretary, and
the subject has already changed its address. Thus we made an on-site visit to
this new address, however, we didn’t find subject at this location.
According to the supplied
name and address, we cannot find any operation information or valid contact
information of subject.
We found subject’s registration information as follows for reference.
Company
Identification Details
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Registered Name: |
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Registered Address: |
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Date of Registration: |
2009-9-18 |
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Registered Number: |
1374863 |
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Business Registration No.: |
51178662 |
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Paid-up Capital: |
HKD1,000,000 (USD 129,000) = 1,000,000
Shares@ HKD 1 (As of 2015.06, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-9-18 |
Notes: Since we didn’t contact subject successfully,
the principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2009-9-18 with the
registered number 1374863 as Private Limited Liability Company in Hong Kong.
Change of Address:
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Former Address |
Flat/Rm B 8/F Chong Ming Building 72 Cheung
Sha Wan Rd KL Hong Kong |
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Current Address |
Rm 1420 B, 14/F, BLK
2G, Kwai Shing Industrial Building, 42-46 Tai Lin Pai Rd, Kwai Chung, N. T.
Hong Kong |
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Li Chengjun |
1,000,000 |
100% |
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Total |
1,000,000 |
100% |
Major Shareholder Information:
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Name: |
Li Chengjun |
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Address: |
2-603 Tuo Kou De Yuan, Nanshan District, Shenzhen,
Guangdong Province, China |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Li Chengjun |
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Address: |
2-603 Tuo Kou De Yuan, Nanshan District,
Shenzhen, Guangdong Province, China |
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Position: |
Director |
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China ID Number: |
513101197205040513 |
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2 |
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Name: |
HK Xing Registrations Limited |
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Address: |
Flat/Rm B 8/F Chong Ming Building 72 Cheung
Sha Wan Rd KL Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
941428 |
Operation
Information
Since we failed to contact with the subject,
the operation information is not available from any sources.
Settlements
Since we didn’t contact subject successfully,
the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully,
the financial information is not available from any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is
not available from any sources.
Public
Mortgage Record
No mortgages of subject were found.
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 |
Attachment
We made an on-site visit to the new address of subject and confirm that
the subject was not at this location. However, the security guard of the
building prevented us from taking photos in the building; we tried our best to
take photos for the appearance of the building.
Rm 1420 B, 14/F, BLK 2G, Kwai Shing Industrial
Building, 42-46 Tai Lin Pai Rd, Kwai Chung, N. T. Hong Kong
Rm 1420 B, 14/F, BLK 2G, Kwai Shing Industrial
Building, 42-46 Tai Lin Pai Rd, Kwai Chung, N. T. Hong Kong
Rm 1420 B, 14/F, BLK 2G, Kwai Shing Industrial
Building, 42-46 Tai Lin Pai Rd, Kwai Chung, N. T. Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
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|
1 |
Rs.100.32 |
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Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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Report Prepared
by : |
NIT |
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.