|
|
|
MIRA INFORM REPORT
|
Report No. : |
506786 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TG3D STUDIO INC. LIMITED |
|
|
|
|
Registered Office : |
Room 1201, 12/F., Houston Centre, 63 Mody Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
30.10.2015 |
|
|
|
|
Com. Reg. No.: |
65404225 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject Provides Software and Related Products in 3D Body Scan. |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Business Under Development |
|
|
|
|
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 reexports, 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 continues to
link its currency closely to the US dollar, maintaining an arrangement
established in 1983.
Excess liquidity, low interest rates and a tight housing supply have
caused Hong Kong property prices to rise rapidly. The lower and middle-income
segments of the population increasingly find housing unaffordable.
Hong Kong's open economy has left it exposed to the global economic
situation. Its continued reliance on foreign trade and investment makes it
vulnerable to renewed global financial market volatility or a slowdown in the
global economy.
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 surged from 4.5 million in 2001 to 47.3 million in
2014, outnumbering visitors from all other countries combined. After peaking in
2014, overall tourist arrivals dropped 2.5% in 2015 and 4.5% in 2016. The
tourism sector rebounded in 2017, with visitor arrivals rising 3.2% to 58.47
million. Travelers from Mainland China totaled 44.45 million, accounting for
76% of the total.
The Hong Kong Government is promoting the Special Administrative Region
(SAR) as the preferred business hub for 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, RMB trade settlement is allowed, and investment schemes such as the
Renminbi Qualified Foreign Institutional Investor (RQFII) Program was first
launched in Hong Kong. Offshore RMB activities experienced a setback, however,
after the People’s Bank of China changed the way it set the central parity rate
in August 2015. RMB deposits in Hong Kong fell from 1.0 trillion RMB at the end
of 2014 to 559 billion RMB at the end of 2017, while RMB trade settlement
handled by banks in Hong Kong also shrank from 6.8 trillion RMB in 2015 to 3.9
trillion RMB in 2017.
Hong Kong has also established itself as the premier stock market for
Chinese firms seeking to list abroad. In 2015, mainland Chinese companies
constituted about 50% of the firms listed on the Hong Kong Stock Exchange and
accounted for about 66% 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. 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
(CEPA), adopted in 2003 to forge closer ties between Hong Kong and the
mainland. The new measures, which took effect in March 2015, cover a negative
list and a most-favored treatment provision. On the basis of the Guangdong
Agreement, the Agreement on Trade in Services signed in November 2015 further
enhanced liberalization, including extending the implementation of the majority
of Guangdong pilot liberalization measures to the whole Mainland, reducing the
restrictive measures in the negative list, and adding measures in the positive
lists for cross-border services as well as cultural and telecommunications
services. In June 2017, the Investment Agreement and the Agreement on Economic
and Technical Cooperation (Ecotech Agreement) were signed under the framework
of CEPA.
Hong Kong’s economic integration with the mainland continues to be most
evident in the banking and finance sector. Initiatives like the Hong
Kong-Shanghai Stock Connect, the Hong Kong- Shenzhen Stock Connect the Mutual
Recognition of Funds, and the Bond Connect scheme are all important steps
towards opening up the Mainland’s capital markets and have reinforced Hong
Kong’s role as China’s leading offshore RMB market. Additional connect schemes
such as ETF Connect (for exchange-traded fund products) are also under
exploration by Hong Kong authorities. In 2017, Chief Executive Carrie LAM
announced plans to increase government spending on research and development, education,
and technological innovation with the aim of spurring continued economic growth
through greater sector diversification.
|
Source
: CIA |
Company name & address
TG3D STUDIO INC. LIMITED
ADDRESS: Room 1201, 12/F., Houston
Centre, 63 Mody Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: Not available
MANAGEMENT
Managing Director: Mr. Lee Kao
Hing, Paul
SUMMARY
Incorporated on: 30th October, 2015.
Organization: Private Limited Company.
Issued Share Capital: HK$1.00
Business Category: 3D Body
Scan Solution Provider.
Employees: 5.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Name
TG3D STUDIO INC. LIMITED
ADDRESS
Registered Head
Office:-
Room 1201, 12/F., Houston Centre, 63 Mody Road, Tsimshatsui, Kowloon,
Hong Kong.
BUSINESS
REGISTRATION NUMBER
65404225
COMPANY
FILE NUMBER
2301748
MANAGEMENT
Managing Director: Mr. Lee Kao
Hing, Paul
ISSUED
SHARE CAPITAL
HK$1.00
SHAREHOLDER
(As per registry dated 30-10-2017)
|
Name |
|
No. of share |
|
LEE Kao Hing, Paul |
|
1 = |
DIRECTOR
(As per registry dated 30-10-2017)
|
Name (Nationality) |
Address |
|
LEE Kao Hing, Paul |
Room 701, No. 8, Lane 19, Rong Hua West Road, Changning District,
Shanghai, China. |
SECRETARY
(As per registry dated 30-10-2017)
|
Name |
Address |
Co. No. |
|
King Honest Services Ltd. |
Room 2101A, 21/F., Nan Fung Centre, 264‑298 Castle Peak Road, Tsuen
Wan, New Territories, Hong Kong. |
0167783 |
HISTORY
The subject was incorporated on 30th October, 2015 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: 3D
Body Scan Solution Provider.
Lines: Software
and related products in 3D body scan.
Employees: 5.
Commodities Imported: China, US,
etc.
Markets: China, Hong Kong, other Asian countries, North
America, etc.
Terms/Sales/Services: As per
contracted.
Terms/Buying: Various terms.
FINANCIAL
INFORMATION
Issued Share Capital: HK$1.00
Profit or Loss: Too
early to offer an opinion.
Condition: Business
is under development.
Facilities: Adequate
for current running.
Payment: Unknown.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
TG3D Studio Inc. Limited is wholly-owned by Mr. Lee Kao Hing, Paul who
is a Hong Kong merchant. He is also a
director of the subject.
The subject belongs to the TG3D Studio Group [TG3D Studio/Group].
TG3D Studio is a team of visionaries with diversified professional and
industry backgrounds. Headquartered near
Los Angeles of the United States, TG3D Studio’s research team has long been
developing and supplying critical software components to 3D body scan solution
industries.
It now has further expanded its specialty scope to building range data
scanner, surface reconstruction, hybrid modelling, body measurement and
physiques analysis, cloud computing technologies and have further obtained
patents in areas including fit/ease evaluation, virtual clothing, body morphong
and body animations.
The goal of TG3D Studio is to bring to the market the most effective and
affordable technologies and to help its clients understand their own bodies in
a quantitative and visualized manner.
TG3D Studio believes its scanning technology and cloud applications can
help users in all areas such as bespoken fashion, size recommendation, medical
engineering, personalized fitness, gaming, virtual reality, etc.
The product of TG3D Studio bear the trade mark Scanatic™.
Scanatic™ is a comprehensive system and Cloud service solution that aims
to solve MTM retailer's problems in obtaining accurate body measurements with
efficiency and scalability.
After the Scanatic™ 360 Scanner completes the scan, Scanatic™ Cloud
Services - MTM Kit will further perform the following tasks to extract all the
necessary information to make a well-fitted tailored outfit:
Automatic Measurements and Physique Analysis Report for tailors
Noise reduction
Automatic holes-filling
3D Avatar Surface Reconstruction
Now, TG3D Studio has set up offices in Taiwan, South Korea besides the
subject.
The subject is marketing its products in Hong Kong and offers customers
with after-sales services.
The business of the subject is chiefly handled by Mr. Lee Kao Hing, Paul
himself. History in Hong Kong is just
over two years and six months.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis for the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
HKD |
1 |
INR 8.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.