MIRA INFORM REPORT
|
Report No. : |
350250 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SR INTERNATIONAL |
|
|
|
|
Registered Office : |
734 Beverley Comm. Ctr. 87-105 Chatham Rd.,
TST, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
15.08.2003 |
|
|
|
|
Com. Reg. No.: |
33880502 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Trading of electronic products
and components |
|
|
|
|
No. of Employee : |
About 5 Employees |
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 |
|
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 12.5% 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: |
SR International |
|
Supplied Name: |
S R INTERNATIONAL |
|
Trading Address: |
Rm. 501, Gold Field Tower, 53-59 Wuhu Street, Hung Hom, Kowloon ,Hong
Kong |
|
Supplied Address: |
RM SOI, Gold Field Tower 53-59 Wuhu Street Hung Hom Kowloon |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
734 Beverley
Comm. Ctr. 87-105 Chatham Rd., TST, Kowloon, Hong Kong |
|
Telephone Number: |
+852-6685-6369 |
|
Date of Registration: |
2003-08-15 |
|
Business Registration No.: |
33880502 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
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 and
components |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: We cannot obtain
the registered capital for the company with the legal form of Sole
Proprietorship.
History
Subject was incorporated on 2003-08-15 with
the business registered number 33880502 as Sole Proprietorship in Hong Kong.
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Owner
|
Name: |
Rajora, Aruna Chanchal S |
|
Registered Address: |
2A, BlK.37 Laguna City, Phase 3 Kwun Tong, Kowloon,
Hong Kong |
|
Position: |
Owner |
|
ID Number: |
R1790551 |
|
Date of Appointment: |
2003-8-15 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Rm. 501, Gold Field Tower, 53-59 Wuhu Street, Hung Hom, Kowloon ,Hong
Kong |
Premises
Information
Office address:
|
Address: |
Office Unit 01, on 5th Floor, Goldfield
Tower, No.53-59 Wuhu Street, Kowloon |
|
Owners: |
Sodhi Rajesh |
|
Memorial Number: |
UB9074972 |
|
Date of Instrument: |
2003-11-14 |
|
Date of Registration: |
2003-12-11 |
|
Consideration Value: |
HKD 525,000 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
15042900220251 |
|
Date of Instrument: |
2015-04-15 |
|
Date of Registration: |
2015-04-29 |
|
Nature: |
Mortgage |
|
In Favor of: |
China Construction Bank (Asia) Corporation
Limited |
|
Consideration: |
All moneys |
|
2 |
|
|
Memorial No.: |
UB9017883 |
|
Date of Instrument: |
2003-09-18 |
|
Date of Registration: |
2003-10-09 |
|
Nature: |
Agreement for Sale and Purchase |
|
In Favor of: |
Sodhi Rajesh |
|
Consideration: |
HKD 525,000 |
|
3 |
|
|
Memorial No.: |
UB5314323 |
|
Date of Instrument: |
1992-06-08 |
|
Date of Registration: |
1992-06-20 |
|
Nature: |
Agreement for Sub-sale and Purchase by Giant
Century Limited |
|
In Favor of: |
Leung Hing Ling Wong Pui King |
|
Consideration: |
HKD 1,400,000 |
Production
Information
Subject is a trader of electronic
products and components, etc. without any production activities.
It is introduced that subject’ related company has a factory in India
for production.
Purchase
Information
The products of subject are purchase mainly from India.
Sales Information
Subject is engaged in sales of electronic
products and components, etc.
The major products include IC & transistor, telephone socket,
switch, battery, VCD & DVD panel and loader, etc.
Subject’s sales regions include domestic market, Southeast Asia, America
and Europe, etc.
Subject’s major customers are electronic equipment makers, etc.
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Electronic products and components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Electronic products and components |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Electronic products and components |
|
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 rejected to disclose
the financial information, and 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 the 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 |
The Operator |
Industry
Information
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Germany |
19,213 |
10,858 |
76,305 |
42,639 |
|
Britain |
1,388 |
1,214 |
2,896 |
3,783 |
|
Japan |
28,753 |
30,502 |
123,504 |
125,129 |
|
Korea |
9,415 |
8,375 |
209,048 |
56,938 |
|
Malaysia |
865 |
706 |
8,075 |
9,137 |
|
Holland |
1,811 |
3,057 |
10,241 |
14,547 |
|
Singapore |
24,117 |
42,494 |
96,964 |
164,793 |
|
Taiwan |
23,701 |
17,297 |
108,349 |
93,476 |
|
USA |
10,087 |
24,830 |
89,495 |
87,636 |
|
The Mainland of China |
523,412 |
195,845 |
2,204,643 |
882,065 |
|
Exports |
||||
|
Japan |
152 |
43 |
169 |
43 |
|
Malaysia |
50 |
53 |
1,074 |
393 |
|
2 |
- |
1,083 |
833 |
|
|
Thailand |
1 |
- |
3,905 |
3,045 |
|
Taiwan |
78 |
1 |
135 |
15 |
|
USA |
430 |
17 |
476 |
53 |
|
Chile |
|
|
|
|
|
The Mainland of China |
115 |
291 |
925 |
3,374 |
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
We visited the following address and confirmed subject located on it
with the relevant staff of subject, but there is no subject’s name on the wall.
Gold Field Tower, 53-59 Wuhu Street, Hung Hom, Kowloon, Hong Kong
Room 501, 5/F, Gold Field Tower, 53-59 Wuhu Street, Hung Hom, Kowloon,
Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
UK Pound |
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.