MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LEITCH ASIA LTD |
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Registered Office : |
10FL Unit 1015-1018 & 1020 Grand Century Place 193 Prince Edward Rd West Kowloon |
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Country : |
Hong Kong |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24.03.1994 |
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Com. Reg. No.: |
0471969 |
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Legal Form : |
Private |
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Line of Business : |
Trading and marketing of electronic products for television
and video operations |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
LEITCH ASIA LTD
10FL UNIT 1015-1018 & 1020 GRAND CENTURY PLACE
193 PRINCE EDWARD RD WEST KOWLOON, HONG KONG
TEL: 852-27760628
FAX: 852-27760227
EXECUTIVE SUMMARY
INCORPORATION DATE : MARCH 24, 1994
REGISTRATION NO. : 0471969
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. STEPHEN CHO-NING WONG (VICE PRESIDENT)
STAFF STRENGTH : 20
CAPITAL : US$ 1,284
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.75332 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
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(1)
License number : 0471969
Date issued : 24 March, 1994
Issuing authority : Companies Registry
Legal form : Private Company Having a Share Capital
Type of license : Corporate
(2)
License number : 18064668-000
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : TECH BASE ELECTRONICS LTD
Date of incorporation : 24 March, 1994
Changed name to : TEKNICHE (FE) LTD
Date of change : 2 June, 1994
Changed name to : TEKNICHE ASIA LTD
Date of change : 24 October, 1996
Changed name to : LEITCH ASIA LTD
Date of change : 11 June, 1999
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares as HKD 1.00/-each
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
www.leitch.com The design is professional and the content is well organized. At present it is in English version.
E-mail: leitch.asia@leitch.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 10,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------ ---------------------------------- ----------------
LEITCH EUROPE LTD 9,999 9,999.00 99.99
LEITCH TECHNOLOGY CORP 1 1.00 0.01
*Directors' Details*
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(1)
Mr. Stanley Robert Moote
Passport number : BCO53662
Address : 128 Cassandra Blvd Don Mills Ontario Canada
(2)
Mr. Anthony David Toews
Passport number : ML932784
Address : 197 Deloraine Ave Toronto Ontario M5M 2B1 Canada
*Company Secretary*
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RAMAR SECRETARIES LTD
Address : Rm 2109-12 Nan Fung Tower 173 Des Voeux Rd Central Hong Kong
CR number : 80831
Management: Mr. Stephen Cho-ning Wong, Vice President
Name Nationality Job Description
Mr. Stephen Cho-ning Wong Hong Kong Vice President
*Key Personnel*
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Mr. Stephen Cho-ning Wong
Hong Kong ID number : E485399(0)
Email : stephen.wong@harris.com
Address : Classical Gardens 2D Block 7, 8 Ma Wo Rd New Territories Hong Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading and marketing of electronic products for television and video operations.
2. Selling of products to local market.
3. Also provides customer support and product solutions of the following:
a. Content production
- Includes editing processes for post production and newsroom environments and video server solution.
b. Content processing
- Includes platform integration.
c. Content transmission
- Provides routing and master control switchers, brand and logo inserters and advanced transmission
server.
d. Content management and display
- Includes content management and control applications that place content, operations or remote locations
under common software controls as well as flexible multi-source display processors.
e. Content storage
- Offers servers with shared storage architecture and full-featured digital video recorder.
Products: Communication equipment
Electronic accessories
Electronic devices
Electronic parts
Electronic products
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Associations*
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Member of Hong Kong General Chamber of Commerce (HKGCC) since 2003.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates
the payment pattern of SC based upon our Payment Database, comments from
suppliers of SC, information from banks (if available), as well as industrial
sources.
Dealings on
open terms may be possible for SMALL amounts depending on individual judgement
experience.
As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central, Hong Kong
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with a development history of 13 years. Credit dealings with SC should be confined into small amount at present.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3600 Electronic & Electric Equip.
Trading 3663 Radio, tv commun, broadcast, and studio equip, and parts,
Trading 3669 Other communications equipment, and parts,
Trading 3679 Electronic components,
Trading 3699 Electrical equipment and supplies, and parts,
Trading 5065 Electronic Parts/Equip, NEC
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8500 Electrical machinery & equip. & parts; telecommunications equip., sound
recorders, television recorders
Trading 8542 Electronic integrated circuits & microassembl, parts
Trading 8542800000 Electronic integrated circuits, and microassemblies
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Communication equipment
INTERNATIONAL TRADE:
ACTIVITY & MARKETS
Importing from North America
Importing from USA
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)