MIRA INFORM REPORT
|
Report No. : |
328482 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SDL ATLAS LIMITED |
|
|
|
|
Registered Office : |
3J Garment Centre, 576 Castle Peak Road, Lai Chi Kok, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
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Date of Incorporation : |
25.11.2002 |
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|
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Com. Reg. No.: |
823105 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Trading of Testing Equipment. |
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|
|
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No. of Employees : |
Not Available |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Contact Points
|
Company Name (in Chinese): |
錫萊-亞太拉斯香港有限公司 |
|
Company Name (in English): |
|
|
Supplied Name: |
SDL ATLAS LTD |
|
Trading Address: |
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong |
|
Supplied Address: |
3J GARMENT CENTRE, 876 CASTLE PEAK ROAD KOWLOON HONGKONG |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
3J Garment Centre, 576 Castle
Peak Road, Lai Chi Kok, Kowloon, Hong Kong |
|
Telephone Number: |
+852-3443-4888 |
|
Fax Number: |
+852-3443-4999 |
|
Date of Registration: |
2002-11-25 |
|
Registered Number: |
823105 |
|
Business Registration No.: |
33198486 |
|
Paid-up Capital: |
HKD 2 (USD 0.258) = Shares@ HKD 1 (As of 2015.06, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
87453-- Machines and appliances for testing
mechanical properties of materials (no.) |
|
Principal Activities: |
Trading of testing equipment and etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-11-25 |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 2002-11-25 with
the registered number 823105 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2004-12-20 |
Sdl Atlas Limited |
|
錫萊-亞太拉斯香港有限公司 |
|
|
2002-11-25 |
Safq Equipment Services & Consultancy
Company Limited |
|
賽科儀器有限公司 |
Corporate Structure
Related Company
|
SDL Atlas, Inc. 3934 Airway Drive, Rock Hill, SC 29732, USA P: +1-803.329.2110 F: +1-803.329.2133 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Allium, Llc |
2 |
100% |
|
Total |
2 |
100% |
Major Shareholder Information:
|
Name: |
Allium, Llc |
|
Address: |
4114 North Ravenswood Avenue, Chicago,
Illinois 60613, USA |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Vance Jason Floyd |
|
Address: |
Flat 17A, Block 36, Phase 2, Coastal Rose
Garden, Wang Hai Road, Shekou, Shenzhen, Guangdong, PRC 518207 |
|
Position: |
Director |
|
ID Number: |
R368463(5) |
|
2 |
|
|
Name: |
Cheng Fa Lung |
|
Address: |
Flat C, 28/F, Tower 7B, Oceanaire, Ma On Shan,
New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
G158350(5) |
|
3 |
|
|
Name: |
Lane Charles Stillwell |
|
Address: |
2279 Woodlawn Road, Northbrook, IL 60062 USA |
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Position: |
Director |
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Passport Number: |
488600546 |
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Issuing Country: |
United States |
|
4 |
|
|
Name: |
Kang Chi Kwong |
|
Address: |
8C, Block 3, Pakside Villa, 23 Town Park
Road South, Yuen Long, New Territories, Hong Kong |
|
Position: |
Director |
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ID Number: |
C432298(1) |
|
5 |
|
|
Name: |
Rd Secretaries (1990) Limited |
|
Address: |
5705, 57th Floor, The Center, 99
Queen’s Road Central Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
293530 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong |
Premises Information
According to subject’s current trading
address, we did not find any premises information from local land registry;
from other source we can not obtain any relevant information, either.
Production Information
The subject is a trader of testing equipment
and etc without any production activities.
Purchase Information
Subject purchases its products both at home
and abroad.
It is introduced that subject imports some
products from USA.
Sales Information
The subject is mainly engaged in sales of
testing equipment.
Subject’s major products are textile testing
instruments such as the AATCC Launder-Ometer, Crockmeter, Accelerotor, Scorch
Tester, and Perspiration Tester, etc, and equipment for weathering, strength,
and electrical products.
Subject’s selling territory includes Asia,
Europe, America.
Subject’s major customers are textile
industry, electronic and electrical industry and etc.
It is introduced that subject also provide
technology support in China.
Trademark
|
Trade Mark No.: |
300006902 |
|
Status: |
Registered |
|
Mark: |
SAFQ
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
SDL Atlas Limited |
|
Owner's Address |
CLT Patent & Trademark (H.K.) Ltd. |
|
Class No.: |
9 |
|
Specification: |
|
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Date of Filing: |
16-04-2003 |
|
Date of Publication of |
01-08-2003 |
|
Date of Registration: |
16-04-2003 |
|
Actual Date of |
13-11-2003 |
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Expiry date: |
15-04-2023 |
|
Historical Details: |
|
|
Date of entry |
Matters |
|
27-05-2013 |
CHANGE OF NAME |
|
13-11-2003 |
REGISTRATION |
Settlements
Purchase
Domestic Purchase
|
Products |
Testing equipment |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Testing equipment |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Testing equipment |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Testing equipment |
|
Selling Terms |
L/C, T/T |
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 Ms. Yang 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
|
Company Name: |
Sdl Atlas Limited |
|
Instrument of Creating Mortgage: |
Security over deposits |
|
Date of Creating Mortgage: |
2006-5-19 |
|
Amount Secured: |
Amount secured - (i) all monies in any currency
owing by the Company to the chargee at any time, actually or contingently, in
any capacity, alone or jointly with any other person, (ii) interest on such monies (both before
and after any demand or judgment), to the date on which the chargee receives
payment, at the rates payable by the Company or which would have been payable
but for any circumstance which restricts payment and (iii) all expenses of
the chargee in perfecting or enforcing the charge. |
|
Name and Address of Mortgagee: |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED WHOSE HEAD OFFICE IS SITUATED AT NO. 1 QUEEN’S ROAD
CENTRAL, HONG KONG. |
|
Description of Property Mortgaged: |
A deposit with chargee in the amount of
HKD1,300,000.- under Deposit A/C No.502-249907, whatever currency it may
subsequently be denominated in, any renewal of such deposit and the interest
thereon together with any further monies in any deposit account with the
chargee at any of its offices. |
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 |
Ms. Yang |
Industry Information
87453-- Machines and appliances for testing mechanical properties of materials
(no.)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Australia |
12 |
28 |
101 |
3,961 |
|
Canada |
51 |
325 |
331 |
2,288 |
|
The Mainland of China |
115 |
2,138 |
2,815 |
26,201 |
|
Germany |
310 |
3,149 |
2,830 |
25,633 |
|
UK |
91 |
2,159 |
2,797 |
37,955 |
|
Exports |
||||
|
The Mainland of China |
510 |
13,584 |
4,290 |
201,391 |
|
Germany |
38 |
201,391 |
438 |
2,342 |
|
France |
28 |
52 |
3,517 |
336 |
|
UK |
5 |
10 |
18 |
107 |
|
India |
9 |
324 |
295 |
3,732 |
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 |
|
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 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
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 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong
3J Garment Centre, 576 Castle Peak Road, Lai
Chi Kok, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.