MIRA INFORM REPORT
|
Report No. : |
310780 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNISILK LIMITED |
|
|
|
|
Registered Office : |
Room 1635, 16/F, Star House, 3 Salisbury
Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
09.05.1986 |
|
|
|
|
Com. Reg. No.: |
10548309 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of electronics, metal products, chemicals,
building materials, fabric |
|
|
|
|
No. of Employee : |
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 |
|
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 |
HOHNG 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 |
Contact
Points
|
Company Name (in English): |
UNISILK LIMITED |
|
Supplied Name: |
UNILSILK LTD |
|
Trading Address: |
Room 1635, 16/F, Star
House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong |
|
Supplied Address: |
RM 1635,16/F STAR HOUSE,3 SALISBURY RD,TSIMSHATSUI,KOWLOON,HONGKONG |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 1635, 16/F,
Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2735-7758 / 59 |
|
Fax Number: |
+852-2730-0946/ 2730-1817 |
|
E-mail: |
|
|
Date of Registration: |
1986-5-9 |
|
Registered Number: |
|
|
Business Registration No.: |
10548309 |
|
Paid-up Capital: |
HKD 39,400,000 (USD 5,082,600) = 394,000 Shares@ HKD 100 (As of 2015.03, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
27313--Granite, porphyry, basalt, sandstone
and other monumental or building stone, n.e.s., whether or not roughly
trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a
rectangular (including square) shape (kg) |
|
Principal Activities: |
Trading of electronics, metal products,
chemicals, building materials, fabric |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-9 |
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 1986-5-9 with the
registered number 169007 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
|
1997-12-17 |
Unisilk Limited |
|
|
||
|
1986-5-9 |
Unisilk Limited |
Corporate Structure
Offices
|
India Office: Jagmohan Mullick Lane 1st Floor, Kolkata-700007 India Contact: Mr.Ankit Bajoria Tel: +91-33-30684755 / 22740817 Shenzhen Office: Address: Room B-2104,21/f, Tianan international building, 3012 remin south road Shenzhen, China Tel: +86-755-82185428 Fax:+86-755-82185438 Foshan Office: No.3-4, 2nd Floor, Block 4, Lanshi International Metal Trading Center, Chan Cheng District, Foshan City, Guangdong Province, China. Tel: +86 757 83132599 Fax: +86 757 83132500 Vietnam Office: Can 4/ K2, Dam Trai, Phuong Liet, Thanh Xuan,
Hanoi, Vietnam Tel.
+84. 4.38695042 Fax.
+84. 4.38686400 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Dugar Madhur |
122,442 |
31.08% |
|
Dugar Sajjan |
271,558 |
68.92% |
|
Total |
394,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
1 |
|
|
Name: |
Dugar Madhur |
|
Address: |
A3-4, 9/F, Hong Yuen Court 1-5 Tak Shing
Street, Kowloon, Hong Kong |
|
2 |
|
|
Name: |
Dugar Sajjan |
|
Address: |
A3-4, 9/F, Hong Yuen Court 1-5 Tak Shing
Street, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Dugar Sajjan |
|
Address: |
A3-4, 9/F, Hong Yuen Court 1-5 Tak Shing
Street, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P216895(6) |
|
2 |
|
|
Name: |
Dugar Madhur |
|
Address: |
A3-4, 9/F, Hong Yuen Court 1-5 Tak Shing
Street, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P714435(4) |
|
3 |
|
|
Name: |
Lodestar Secretaries Limited |
|
Address: |
13/F, Wah Kit Commercial Centre 302 Des
Voeux Road Central Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
112023 |
Operation Information
Offices &
Factories
|
|
Office |
|
Address: |
Room 1635, 16/F, Star House, 3 Salisbury
Road, Tsimshatsui, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit No.1635 On The 16th Floor Star House No.3 Salisbury Road Kowloon |
|
Owners: |
Resham Limited |
|
Memorial Number: |
UB8800592 |
|
2002-10-2 |
|
|
Date of Registration: |
2002-10-24 |
|
Consideration Value: |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
UB9152948 |
|
Date of Instrument: |
2004-2-13 |
|
Date of Registration: |
2004-3-10 |
|
Nature: |
DEED POLL |
|
In Favor of: |
|
|
Consideration: |
|
|
2 |
|
|
Memorial No.: |
UB8791958 |
|
Date of Instrument: |
2002-10-2 |
|
Date of Registration: |
2002-10-24 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Resham Limited |
|
Consideration: |
HKD 2,000,000.00 |
|
3 |
|
|
Memorial No.: |
UB8229030 |
|
Date of Instrument: |
2000-10-3 |
|
Date of Registration: |
2000-11-3 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Termoti Investments Pte Ltd |
|
Consideration: |
HKD 2,000,000.00 |
Production
Information
The subject is a trader of electronics, metal products,
chemicals, building materials, fabric and etc.
Purchase
Information
The subject purchases its products both at
home and abroad.
Sales Information
The subject is mainly engaged in sales of
electronics, metal products, chemicals, building materials, fabric and etc.
Subject’s selling territory includes Asia and
etc.
Subject’s major customers are manufacturers
and traders of electronic and electrical products, textile and etc,
construction industry, interior designing industry and etc.
Major Products
|
Type |
Items |
|
Electronics |
DVD Players in complete form Parts/components of DVD player LCD TV & MONITORS CRTs Home theatres, and computer speakers |
|
Electricals |
Energy Saving Bulbs (CFL) Switches & Sockets Small Household Appliances |
|
Stainless Steel |
Raw Material & Finished Goods |
|
Marble |
Green Marble Blocks, Gangsaw Size Slabs
& Cutter Size Slabs & Tiles White Marble Blocks, Cutter size Slabs &
Tiles Onyx Marble Blocks, Gangsaw Size Slabs &
Cutter Size Slabs & Tiles Beige/Yellow marble (known us Golden
Bidaser) Lumpstone for making calcium carbonate
powder of 96% whiteness |
|
Chemicals |
Barium Carbonate Calcium Carbonate Powder (Limestone) |
|
Building Materials |
Eramic & Porcelain Wall & Floor
Tiles Sanitary Ware like Toilet Seats, Shower
Cubicles, Jacuzzis POP for ceilings False ceilings for bathrooms and kitchens Bathroom Fittings like Taps, Shower Handles Doors: Main Entrance door with outer
security door and inner hardwood door. Room Doors, Fancy Plastic Doors,
Sliding Doors. Furniture’s Lightings & Light Fittings Door Locks and other hardware items like
drawer slides, hinges Kitchen Sinks |
|
Textile Machineries |
Computerised
Embroidery Machine Laser Machine Digital Printing Machine Quilting Machine Spares Parts Technical Textile Machinery PP Spun Bonded Non Woven Fabric Making
Machinery |
|
Stationary Products |
Closestool and bath installations |
|
Silk And Silk Fabric |
100% Mulberry Raw Silk Yarn 20/22 D Tussah Silk Yarn 33/37D Douppion Silk Yarn 100/120 D All Kinds of Silk Fabric like Crepe,
Georgette Printed Silk Fabric according to customers
requirement Viscose Yarn |
Trademark
|
Trade Mark No.: |
303051530 |
|
Status: |
Registered |
|
Mark: |
INTEXPORT
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
UNISILK LIMITED |
|
Owner's Address |
PROFESSIONAL ACCOUNTING & TAXATION
LIMITED |
|
Agent's Address: |
7/F, PEARL ORIENTAL TOWER, |
|
Class No.: |
6 |
|
Specification: |
|
|
Date of Filing: |
30-06-2014 |
|
Date of Publication of |
03-10-2014 |
|
Date of Registration: |
30-06-2014 |
|
Actual Date of |
16-01-2015 |
|
Expiry date: |
29-06-2024 |
|
Historical Details: |
|
|
Date of entry |
Matters |
|
16-01-2015 |
REGISTRATION |
Settlements
Purchase
Domestic Purchase
|
Products |
Electronics, metal products, chemicals,
building materials, fabric and etc. |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Electronics, metal products, chemicals,
building materials, fabric and etc. |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Electronics, metal products, chemicals, building
materials, fabric and etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Electronics, metal products, chemicals,
building materials, fabric and etc. |
|
Selling Terms |
L/C, T/T and 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 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
|
Date: |
2014-6-27 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1198 |
|
Claimant: |
Unisilk Ltd t/a Intexport c/o W.K. To & Co (a firm) (HCA) |
|
Defendant: |
Stainless Steel (HK) Ltd c/o Unit 04, 7/F, Bright Way Tower, 33 Mong Kok Road, Kln, HK |
|
Reason: |
Contract |
|
Amount: |
USD 134,596.47 |
|
2 |
|
|
Date: |
2009-10-7 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
042025/09 |
|
Claimant: |
Coface Hong Kong Branch (SCTC042025/09) |
|
Defendant: |
Unisilk Ltd |
|
Reason: |
Service Charge |
|
3 |
|
|
Date: |
2005-4-9 |
|
Court Name: |
Labour Tribunal |
|
Court No.: |
9 |
|
Claimant: |
Unisilk Ltd |
|
Defendant: |
Sun Hing Insurance Brokers Ltd |
|
Reason: |
Breach of Contract |
|
4 |
|
|
Date: |
2004-1-21 |
|
Court Name: |
Labour Tribunal |
|
Court No.: |
74 |
|
Claimant: |
Unisilk Ltd |
|
Defendant: |
China Merchants Insurance Co Ltd |
|
Reason: |
Damage |
Mortgage Record
|
1 |
|
|
Company Name: |
Unisilk Limited |
|
Instrument of Creating Mortgage: |
UNDERTAKING RELATING TO DEPOSITS |
|
Date of Creating Mortgage: |
2011-1-3 |
|
Amount Secured: |
ALL AND ANY LIABILITIES, NOW OR HEREAFTER
OWING OR INCUREED TO THE BANK BY THE COMPANY OR ANY THIRD PARTY DESIGNATED BY
THE COMPANY. |
|
Name of Mortgagee: |
INDIAN OVERSEAS BANK, HONG KONG MAIN BRANCH |
|
Address of Mortgagee: |
3/FI., RUTTONJEE HOUSE, NO. 11, DUDDELL
STREET, CENTRAL, HONG KONG. |
|
Description of Property Mortgaged: |
Distinctive of No. of Receipt: 2010 FD 377 1 Date of Receipt: 02.12.2010 Amount of
Deposit: EUR 80,000.00 Rate of
Interest: 0.4375% Maturity Date
Shown on Receipt: 02.03.2011 Distinctive of No. of Receipt 2010 FD 414 1 Date of Receipt: 31.12.2010 Amount of
Deposit: USD 260,000.00 Rate of
Interest: 1.1000% Maturity Date
Shown on Receipt: 03.01.2012 Any renewals thereof, and any monies,
deposit, debt or credit directly or indirectly deriving from (or deemed by
the Bank in good faith to derive from) the deposit or from any transfer of
the deposit to any branch of the Bank or change in the currency of the
deposit and references to the deposit include a part thereof, any additional
sums deposited on the terms hereof (whether under paragraph C.5 or otherwise)
and any interest accrued on the deposit. |
Special
Note
Interview Details
|
Department: |
Sales Department |
|
E-mail: |
Industry
Information
27313-- Granite, porphyry, basalt, sandstone and
other monumental or building stone, n.e.s., whether or not roughly trimmed or
merely cut, by sawing or otherwise, into blocks or slabs of a rectangular
(including square) shape (kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Brazil |
-- |
-- |
3,058,959 |
5,163 |
|
The Mainland of China |
1,301,256 |
1,083 |
6,028,029 |
4,940 |
|
India |
-- |
-- |
6,270,160 |
7,162 |
|
Madagascar |
45,980 |
54 |
45,980 |
54 |
|
Exports |
||||
|
Austria |
1,181 |
130 |
1,181 |
130 |
|
The Mainland of China |
23,000 |
175 |
2,306,554 |
2,855 |
|
Indonesia |
-- |
-- |
971 |
50 |
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.
Attachment
Room 1635, 16/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong
Room 1635, 16/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong
Room 1635, 16/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong
Room 1635, 16/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong
Room 1635, 16/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.