MIRA INFORM REPORT

 

 

Report Date :

26.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ZENITRON  (H.K.)  LTD.

 

 

Formerly Known As :

Irtronic (H.K.) Ltd

 

 

Registered Office :

2B, Goldlion Holdings Centre, 13-15 Yuen Shun Circuit, Siu Lek Yuen, Shatin, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

15.10.1997

 

 

Com. Reg. No.:

21389467

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of all kinds of semi-conductor components, etc.

 

 

No. of Employees :

10.  (Hong Kong)

710.  (Group)

 

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 :

Good

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

ZENITRON  (H.K.)  LTD.

 

 

Company ADDRESS

 

2B, Goldlion Holdings Centre, 13-15 Yuen Shun Circuit, Siu Lek Yuen, Shatin, New Territories, Hong Kong.

PHONE:            2759 8002

FAX:                 2759 3067

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Hsin Yih

 

 

SUMMARY

 

Incorporated on:             15th October, 1997.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$34,782,648.00

Issued:              HK$34,782,648.00

 

Business Category:        Semiconductor Trader.

 

Group Net Sales:           NT$35,780,674,000  (Year ended 31-12-2011)

 

Employees:                   10.  (Hong Kong)

710.  (Group) - As at 31-12-2011

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

2B, Goldlion Holdings Centre, 13-15 Yuen Shun Circuit, Siu Lek Yuen, Shatin, New Territories, Hong Kong.

 

Holding Company:-

Supertronic International Corporation, British Virgin Islands.

 

Ultimate Holding Company:-

Zenitron Corporation, Taiwan.

 

Associated Companies:-

Princeton Technology C & C Corporation, Taiwan.

Raytronic Corporation, Taiwan.

Vincent Master Technology Corporation, Taiwan.

Zenitron (Shanghai) International Trading Co. Ltd., China.

Zenitron (Shenzhen) Technology Co. Ltd., China.

ZTHC (Shanghai) Co. Ltd., China.

etc.

 

 

BUSINESS REGISTRATION NUMBER

 

21389467

 

 

COMPANY FILE NUMBER

 

0626426

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Hsin Yih

 

 

CAPITAL

 

Nominal Share Capital:   HK$34,782,648.00 (Divided into 34,782,648 shares of HK$1.00 each)

 

Issued Share Capital:     HK$34,782,648.00

 

SHAREHOLDERS

(As per registry dated 03-11-2011)

 

Name

 

No. of shares

Zenitron Corporation

4/F., No. 8 Lane 250, Sinhu 2nd Road, Neihu District, Taipei City, Taiwan.

 

510,000

Supertronic International Corporation

Akara Building, 24 Des Castro Street, Wickhams Cay I, Road Town, Tortola, British Virgin Islands.

 

34,272,648

 

 

–––––––––

 

Total:

34,782,648

========

 

 

DIRECTORS

(As per registry dated 15-06-2012)

 

Name

(Nationality)

 

Address

CHEN Hsin Yih

9/F., No. 488, Mingshui Road, Zhongshan District, Taipei City 104, Taiwan.

 

CHOU LEE Mei Cheng

3/F., No. 24, Lane 115, Section 2, Chungshan North Road, Taipei City, Taiwan.

 

CHOU Yeou Yih

3/F., No. 24, Lane 115, Section 2, Chungshan North Road, Taipei City, Taiwan.

 

 

SECRETARY

(As per registry dated 15-10-2011)

 

Name

Address

Co. No.

Comsec Secretaries Ltd.

Suite1801-1805, 18/F., Tower 2, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

0141437

 

 

HISTORY

 

The subject was incorporated on 15th October, 1997 as a private limited liability company under the Hong Kong Companies Ordinance.

 

Originally the subject was registered under the name of Irtronic (H.K.) Ltd., name changed to the present style on 30 June, 1998.

 

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of semi-conductor components, etc.

 

Employees:                   10.  (Hong Kong)

710.  (Group) - As at 31-12-2011

 

Commodities Imported:   Europe, USA, Japan, etc.

 

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

 

Group Net Sales:           NT$32,071,180,000  (Year ended 31-12-2010)

NT$35,780,674,000  (Year ended 31-12-2011)

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$34,782,648.00 (Divided into 34,782,648 shares of HK$1.00 each)

 

Issued Share Capital:     HK$34,782,648.00

 

Profit or Loss:                Making a small profit every year.

 

Group Net Profit:            NT$439,831,000  (Year ended 31-12-2010)

NT$553,177,000  (Year ended 31-12-2011)

 

Condition:                      Keeping in a good manner.

 

Facilities:                      Making rather 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:                       Good.

 

GENERAL

Zenitron (H.K.) Ltd. is a subsidiary of Supertronic International Corporation which is a BVI-registered firm.  The ultimate holding company of the subject Zenitron Corporation [Zenitron] is a Taiwan-based firm.

The subject is trading in all kinds of electronic components, semi-conductors, etc.

Zenitron was founded in October 1982 by Mr. Gary Y.Y. Chou, and is one of the trailblazers in Taiwan’s semiconductor components distribution industry. The main operation is in Greater China, focusing on Taiwan, China, and Hong Kong.  The sales and service functions spread across four domains: power management, networking & telecommunications, consumer electronics and retail channel.

Apart from selling components, Zenitron provides clients with Turnkey solutions and design consultations service.  Such service assists clients integrating resources, lower R&D time and expenses, so its clients could launch their products to the market faster.  Today, Zenitron has rich and fruitful experiences in SMPS, Digital Still Camera, LCD-TV, MP3 and so on.

In order to expand the market share, on 31st December, 2005, Zenitron consolidated Princeton Technology C&C Group and obtained main product lines such as SanDisk and Cypress.  This strengthens the competitive edge of Zenitron in IT, communication, and consumer electronics.  The consolidation also combines two companies’ multi product lines, both at the up stream and the consumer end's memory card market.

Zenitron was listed on Taiwan Stock Exchange Operation in August, 2002 (Taiwanese stock:3028).  Zenitron has nearly 20 operation points in the Greater China region.

As at year ended 31st December, 2011, the Group had 710 employees.

For the year ended 31st December, 2011, the net sales of the Group amounted to NT$35,780.7 million (2010: NT$32,071.2 million), net profit for the year was NT$553.2 million (2010: NT$439.8 million).

The subject is fully supported by Zenitron.

As the history of the subject is over fourteen years and nine months in Hong Kong, on the whole, consider it good for normal business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.38

UK Pound

1

Rs.87.44

Euro

1

Rs.68.05

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.