MIRA INFORM REPORT

 

 

Report Date :

20.01.2011

 

IDENTIFICATION DETAILS

 

Name :

OMICRON  ELECTRONICS  ASIA  LTD.

 

 

Registered Office :

Suite 2006, 20/F., Tower 2, The Gateway, Harbour City, 25 Canton Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

21.07.1999

 

 

Com. Reg. No.:

30259015

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of instruments and metres, equipment and electronic products, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name of the company

 

OMICRON  ELECTRONICS  ASIA  LTD.

 

 

ADDRESS

 

Suite 2006, 20/F., Tower 2, The Gateway, Harbour City, 25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

 

PHONE:            3767 5500,  3767 5400

 

FAX:                 2634 0390

 

E-MAIL:            info@asia.omicron.at

 

 

MANAGEMENT

 

Managing Director:  Mr. Marc Andreas Vogg

 

 

SUMMARY

 

Incorporated on:             21st July, 1999.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$600,000.00

Issued:              HK$150,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   15.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.


ADDRESS

 

Registered Head Office:-

Suite 2006, 20/F., Tower 2, The Gateway, Harbour City, 25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

 

Shanghai Representative Office:-

Unit No. 10B, Jin Sui Mansion, 379 Pudong Road (South), Pudong, Shanghai 200120, China.

[Tel: 86-21-6886 9055;  Fax: 86-21-6886 9066]

 

Holding Company:-

OMICRON electronics GmbH, Austria.

 

Affiliated/Associated Companies:-

OMICRON electronics Group of Companies

mtronix Precision Measuring Instruments GmbH, Germany.

OMICRON electronics Australia Pty. Ltd., Australia.

OMICRON electronics Corporation, USA.

OMICRON electronics Deutschland GmbH, Germany.

OMICRON electronics France SARL, France.

OMICRON electronics Korea Inc., South Korea.

OMICRON electronics Middle East, Bahrain.

OMICRON electronics UK Ltd., UK.

OMICRON Energy Solutions Private Ltd., India.

OMICRON Technologies Espana S.L., Spain.

etc.

 

 

BUSINESS REGISTRATION NUMBER

 

30259015

 

 

COMPANY FILE NUMBER

 

 0682855

 

 

MANAGEMENT

 

Managing Director:  Mr. Marc Andreas Vogg

 

 


CAPITAL

 

Nominal Share Capital: HK$600,000.00 (Divided into 60,000 shares of HK$10.00 each)

 

Issued Share Capital: HK$150,000.00

 

 

SHAREHOLDERS

(As per registry dated 21-07-2010)

 

Name

 

No. of shares

OMICRON electronics GmbH

Oberes Ried 1, A-6833 Klaus, Austria.

 

14,999

Rainer ABERER

 

1

 

 

––––––

 

Total:

15,000

=====

 

 

DIRECTORS

(As per registry dated 21-07-2010)

 

Name

(Nationality)

 

Address

Marc Andreas VOGG

Flat 5B, Sun Fat Building, 4 Leung Fai Terrance, Mid-Levels, Hong Kong.

 

Martin Franz PFANNER

Boeschenmahdstrasse 18, 6800 Feldkirch, Austria.

 

 

SECRETARY 

(As per registry dated 21-07-2010)

 

Name

Address

Co. No.

Burney Wu-Scharsig Ltd.

Room 1301, 13/F., Chung Nam Building, 1 Lockhart Road, Wanchai, Hong Kong.

0515747

 

 

HISTORY

 

The subject was incorporated on 21st July, 1999 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:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of instruments and metres, equipment and electronic products, etc.

 

Employees:                   15.

 

Commodities Imported:   Europe, USA, etc.

 

Markets:                       Hong Kong, China, Japan, other Asian countries, etc.

 

Terms/Sales:                 As per contracted.

 

Terms/Buying:               Various terms.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$600,000.00 (Divided into 60,000 shares of HK$10.00 each)

 

Issued Share Capital:     HK$150,000.00

 

Mortgage or Charge:       (See attachment)

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Normal.

 

 

GENERAL

 

OMICRON electronics Asia Ltd. is a wholly-owned subsidiary of OMICRON electronics GmbH [OMICRON] which is an Austria-based firm.  The subject in fact is a key member of the OMICRON electronics Group.

The subject is the regional support center for Asia-Pacific.  It has set up a marketing team which is responsible for the development of business ties with its customers in the Asia-Pacific region.  The subject has set up offices in Shanghai of China, New Delhi of India, Korea and Australia.  The regional offices provide local sales and technical support activities.

The subject’s main customers are the following firms:-

·         Australia:  Ergon Energy, TransGrid, Western Power

·         Bangladesh:  PGCB, BEL

·         China:  East China Power Grid, NARI, Bao Steel

·         Hong Kong:  CLP Power, Kowloon-Canton Rail Corporation, MTR

·         India:  KPTCL, NTPC, PGCIL, BHEL, Northern Railways

·         Indonesia:  PLN

·         Japan:  Chugoku Electric, Kansai Electric, Hitachi, Mitsubishi Electric

·         Korea:  KEPCO

·         Malaysia:  TNB, HHI, LGIS, KOPEC, POSCO

·         Philippines:  TransCo., Southern Co.

·         Singapore:  PowerGrid, SBS Transit

·         Sri Lanka:  CEB

·         Taiwan:  TPC, China Steel, Formosa Plastics

·         Thailand:  EGAT, Cement Thai

·         Vietnam:  EVN

·         Malaysia:  Petronas

OMICRON is an international company serving the electrical power industry with innovative testing and diagnostic solutions.  The application of OMICRON products provides users with a high level of confidence in the condition assessment of primary and secondary equipment on their systems.  Services offered in the area of consulting, commissioning, testing, diagnosis, and training make the product range complete.

OMICRON’s customers in more than 130 countries rely on its ability to supply leading edge technology of excellent quality.  Broad application knowledge and extraordinary customer support provided by offices in North America, Europe, South and East Asia and the Middle East, together with a worldwide network of distributors and representatives, make OMICRON a market leader in its sector.

OMICRON electronics Group is a worldwide corporation organized into three geographic divisions:-

·         OMICRON Americas based in the Houston, Texas

·         OMICRON Europe, Middle East and Africa, based in Klaus, Austria

·         OMICRON Asia-Pacific, based in Hong Kong

Founded in 1984, OMICRON celebrated its 25th year in 2009.  In 2009, the OMICRON electronics Group opened its OMICRON Service Center Germany, launched Chinese website, new Test Universe Software TU 2.30, new TestBase Version 2.15, CT Analyzer approved for calibration, and released of IED Scout 2.0.

The new OMICRON Service Center Germany was opened in Erlangen.  This modern, well-equipped facility provides 40 attractive workstations in a pleasant environment and is tailormade for OMICRON Training Courses and expert forums.

The subject is fully supported by the OMICRON electronics Group.

On the whole, consider the subject good for normal business engagements.

 

COURT CASES:            None per our.

 

 

MORTGAGE OR CHARGE

 

Date

Particulars

Amount

22-08-2007

Instrument:      Charge Over Securities and Receivables

Property:

1)   “Securities means (i) all equity and debt instruments and other instruments commonly known as securities owned by the Customer, (ii) all dividends, interest, distributions and other monies derived therefrom and (iii) all accretions, allotments, and other benefits accruing or arising in respect thereof

2)   “Receivables” means all receivables attributable to any certificate of deposits or other instruments owned by the Customer and are either held in the name of the chargee or any nominee of the chargee or are in the possession or control of the chargee, its nominee or a depositary

3)   “Depositary” means each person, if any, whose name and address are specified in the Schedule

4)   The Customer as beneficial owner, charges to the Bank, by way of first fixed charge, all the right, title and interest of the Customer in and to the Securities and the Receivables

Mortgagee:      The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Amount secured – (i) all monies in any currency owing by the Customer to the chargee at any time, actually or contingently, in any capacity, alone or jointly with any other person, (ii) interest on such monies, to the date on which the chargee receives payment, at the rates payable by the Customer or which would have been payable but for any circumstance which restricts payment, (iii) all expenses of the chargee in making payment in respect of the Securities on behalf of the Customer, as a result of failure by the Customer to make such payment when due and (iv) all expenses of the chargee in perfecting or enforcing this Charge

22-08-2007

Instrument:      Security Over Deposits

Property:

A deposit with chargee in the amount of HK$6,500,000 or all monies under Deposit A/C No. 557-535382-001/838/201/203/220 and 557-535382, 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

Mortgagee:      The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

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, 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

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.72.71

Euro

1

Rs.61.15

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.