MIRA
INFORM REPORT
|
Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAPPHIRE TECHNOLOGY LTD. |
|
|
|
|
Registered Office : |
Room 1909-1919, 19/F., Tower 2, Grand Central Plaza, 138 Shatin Rural Committee Road, Shatin, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
19.09.2001 |
|
|
|
|
Com. Reg. No.: |
32107424 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Wholesaler and Re-exporter of ATI video boards and mainboards. |
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 : |
No Complaints |
|
|
|
|
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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
SAPPHIRE TECHNOLOGY
LTD.
ADDRESS: Room 1909-1919, 19/F., Tower 2, Grand
Central Plaza, 138 Shatin Rural Committee Road, Shatin, New Territories, Hong
Kong.
PHONE: 2687 8800, 2687 8888
FAX: 2690 3356
E-MAIL: hr@sapphiretech.com
stevechoy@sapphiretech.com
MANAGEMENT
Contact Person: Mr. Philip Wynn
Jones
SUMMARY
Incorporated on: 19th
September, 2001.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000,000.00
Issued: HK$94,000,000.00
Business Category: Importer, Wholesaler and Re-exporter.
Employees: 20.
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 1909-1919, 19/F., Tower 2, Grand Central Plaza, 138 Shatin Rural
Committee Road, Shatin, New Territories, Hong Kong.
Warehouse:-
Kerry Godown (Shatin), 36-42 Shan Mei Street, Fo Tan, Shatin,
New Territories, Hong Kong.
[Tel: 2690 1817; Fax: 2690 4635]
Overseas Offices:-
Canada Office
140
Shields Court Markham, Ontario Canada L3R 9T5.
[Tel: 1-905-513-1228; Fax: 1-905-513-1220]
US Office
280-290
S Paseo Tesoro, Walnut, CA 91789, USA.
[Tel: 909-594-0597; Fax: 909-594-9771]
Europe Office
South Africa Office
etc.
Holding Company:-
Sapphire Global Holdings Ltd., British Virgin Islands.
BUSINESS REGISTRATION NUMBER
32107424
COMPANY FILE NUMBER
0770522
MANAGEMENT
General Manager (Asia Pacific):
Mr. Steve Choy
Contact Person: Mr. Philip Wynn
Jones
CAPITAL
Nominal Share Capital: HK$100,000,000.00 (Divided into 100,000,000
shares of HK$1.00 each)
Issued Share Capital: HK$94,000,000.00
SHAREHOLDERS
(As per registry dated 20-09-2010)
|
Name |
|
No. of shares |
|
Sapphire Global Holdings Ltd. P.O. Box 3152, Road Town, Tortola, British Virgin Islands. |
|
93,999,999 |
|
Champion Bright Ltd., Hong Kong. |
|
1 |
|
|
|
––––––––– |
|
|
Total: |
94,000,000 ======== |
DIRECTORS
(As per registry dated 20-09-2010)
|
Name |
Address |
Co. No. |
|
Champion Bright Ltd. |
Room 301-302, 3/F., New East Ocean Centre, 9 Science Museum Road,
Tsimshatsui, Kowloon, Hong Kong. |
0500619 |
|
Champion Wealth Ltd. |
Room 301-302, 3/F., New East Ocean Centre, 9 Science Museum Road,
Tsimshatsui, Kowloon, Hong Kong. |
0500623 |
SECRETARY
(As per registry dated 01-02-2011)
|
Name |
Address |
Co. No. |
|
H.K.I.C. Consultants Ltd. |
Room 304, 3/F., New East Ocean Centre, 9 Science Museum Road,
Tsimshatsui, Kowloon, Hong Kong. |
0498991 |
HISTORY
The subject was incorporated on 19th September, 2001 as a private
limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s office was located at Room 405, 4/F., Shatin
Galleria, 18-24 Shan Mei Street, Fo Tan, Shatin, New Territories, Hong Kong,
moved to Room 1912, 19/F. of the same building in November 2001; to Unit 1908‑1909,
19/F., Tower 2, Grand Central Plaza, 138 Shatin Rural Committee Road, Shatin,
New Territories, Hong Kong in July 2006; and further to Unit 1909-1919, 19/F.,
Tower 2 of the same building with effect from 28th May, 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer, Wholesaler and
Re-exporter.
Lines: ATI video boards and
mainboards.
Employees: 20.
Commodities Imported: Imported from US, China, etc.
Markets: Asia, Europe, North America, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: As
per contracted.
FINANCIAL INFORMATION
Nominal Share Capital: HK$100,000,000.00
(Divided into 100,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$94,000,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 7,800,000.00 |
|
20-09-2010 |
paid up |
HK$ 86,200,000.00 |
|
|
|
–––––––––––––––– |
|
Total: |
paid up |
HK$ 94,000,000.00 ============== |
Increase of Nominal Capital:-
|
From |
HK$20,000,000.00 |
to |
HK$100,000,000.00 |
on |
01-09-2010 |
Mortgage or Charge: (See
attachment)
Profit & Loss: Made profits in
the past years.
Condition: Keeping in an active state.
Facilities: Making active use of general banking
facilities.
Payment: So far so good.
Commercial Morality: Satisfactory.
Bankers:-
Hang Seng Bank Ltd., Hong Kong.
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing:
Normal.
GENERAL
Sapphire Technology Ltd. is a wholly-owned subsidiary of Sapphire Global
Holdings Ltd. which is a BVI-registered firm.
The subject has increased its issued share capital from HK$7.8 million
to HK$94 million.
The subject’s directors, Champion Bright Ltd. and Champion Wealth Ltd.,
are Hong Kong-registered firms. Both
firms are associated companies of H.K.I.C. Consultants Ltd. which is the
subject’s annual return presentor.
The subject is engaged in manufacturing graphics, mainboards and
multimedia. It is the largest partner of
ATI Technologies GmbH [ATI] (now is a division of Advanced Micro Devices Inc.
[AMD]). According to the Chief Executive
Officer of ATI, the subject is its “largest and best performing partner world
wide”. The subject delivers solutions of
leading ATI-based graphics cards, multimedia and mainboards.
Besides manufacturing, the subject also designs and distributes a
complete range of ATI video boards and mainboards which are generally known as
“ATI RADEONTM” series. In China, the
subject has got two affiliated factories which are ISO 9001 and ISO 14001
certified. The factories are in Dongguan
City, Guangdong Province, China.
The subject’s ATI video boards have long been the choice for a great
number of OEMs and large System Integrators in Europe, North America, Asia and
Latin America.
According to the subject, all its ATI video boards are manufactured
under 100% ATI production criteria including QC and outgoing system. Its total monthly video board production
capacity can reach a lofty 1.8 million.
Its factory has always been the major manufacturer on ATI boards for
most of the top ten tier 1 OEMs worldwide.
The subject is a member of the Sapphire Group of companies.
The subject, the world leading manufacturer and supplier of products
based on ATI technology from AMD, has recently won several major accolades for
its graphics cards in the highly competitive Asia Pacific region.
In China, the subject has been voted the “First Choice brand for
graphics” by readers of the leading Chinese publication, Popular Computer
Week. To be acknowledged as the best VGA
supplier in China, against such a wide range of competition is recognition and
endorsement of the subject’s attention to quality and innovation.
For two consecutive years, the subject received PC Market Magazine’s
“Best of IT Award”. In 2009, it took the
award in the Graphics Card Category with the SAPPHIRE HD4870 TOXIC Edition. The award is given to the best graphics card
in the Hong Kong market, where both the Editors and the public vote for the
best product.
The subject has claimed to be the largest manufacturer and supplier
worldwide of graphics and mainboard products based on ATI and AMD
technology. Currently, it employs about
3,000 employees worldwide.
Meanwhile, the subject is looking for qualified resellers. The so-called “Sapphire Partner Program” is
specifically designed to provide its channel partners with the key strategic
tools to best equip them to sell Sapphire products.
Sapphire has set up offices in Canada, the United States, Europe, South
Africa which are the subject’s main markets.
Sapphire has consistently been the market leader with its graphics
products. More recently the Sapphire product range has been extended to include
a broad range of mainboards and a number of solutions including the award‑winning
SAPPHIRE EDGE Series of Mini PCs.
SAPPHIRE was the first company to offer silent heatpipe cooling on a
production card and we still offer that option on several of our models – known
as the ULTIMATE series.
The annual sales turnover of Sapphire is very significant. Business in Hong Kong is active.
The subject is operating from a rented office in Hong Kong.
The subject’s business is handled by Mr. Philip Wynn Jones. History in Hong Kong is over ten years.
On the whole, consider it good for normal business engagements.
MORTGAGE OR CHARGE
|
Date |
Particulars |
Amount |
|
03-09-2004 |
Instrument: Assignment of Receivables – General Property: Receivables means all book and other debts and receivables and all
monies now and from time to time due or owing to or purchased or otherwise
acquired by the Customer and the full benefit of all guarantees, encumbrance,
rights of set-off, security reservation of proprietary rights, rights of
tracing and liens, and all rights, claims and remedies in respect of such
monies Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
Amount secured – (i) all monies; (ii) interest on such monies; and
(iii) all expenses of the chargee |
|
16-03-2006 |
Instrument: Charge of Receivables Property: All prices for the sale of goods, materials, components, products or
machines to be sold or services to be supplied from time to time by the
Borrower to the Debtors, book debts and all other monetary debts and claims,
in each case in any currency, both present and future, actual or contingent,
including things in action which give rise or may give rise to a debt or
debts due to owing to the Borrower, and the benefit of all rights relating
thereto arising from the Sale Documents as hereinafter defined including,
without limitation, reservation or property rights, rights of tracing and
unpaid vendors’ liens and similar or associated rights Mortgagee: Hang Seng Bank Ltd., Hong Kong. |
To secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
|
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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.