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Report Date : |
16.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DATACOLOR
ASIA PACIFIC (HK)
LTD. |
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Registered Office : |
Room 4301, 43/F., Tower 2, Metroplaza, 223 Hing Fong Road, Kwai Chung, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.01.2002 |
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Com. Reg. No.: |
32373598 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Colour Technology Trader of all kinds of colour related equipment and products, etc. |
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No. of Employees : |
13 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese 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; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports 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 has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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Source : CIA |
DATACOLOR ASIA
PACIFIC (HK) LTD.
Room 4301, 43/F., Tower 2, Metroplaza, 223 Hing Fong Road, Kwai Chung, New Territories, Hong Kong.
PHONE: 2420 8283
FAX: 2420 8320
E-MAIL: asiamarketing@datacolor.com
Managing Director: Mr. Lee Man Kiu Charles
Incorporated on: 30th January, 2002.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Colour Technology Trader.
Net Sales of Group: US$55,456,000 (Year ended 30-09-2011)
Employees: 13.
Main Dealing Banker: Standard Chartered Bank Hong Kong Ltd., Hong Kong.
Banking Relation: Good.
Registered Head
Office:-
Room 4301, 43/F., Tower 2, Metroplaza, 223 Hing Fong Road, Kwai Chung, New Territories, Hong Kong.
Holding Company:-
Datacolor Holding AG, Germany.
Ultimate Holding
Company:-
Datacolor AG, Switzerland.
Associated
Companies:-
Datacolor AG Europe, Switzerland.
Datacolor Belgie BVBA, Belgium.
Datacolor GmbH, Garmany.
Datacolor Inc., USA.
Datacolor International France SAS, France.
Datacolor International Ltd., UK.
Datacolor Italia S.r.l., Italy.
Datacolor Logistik AG, Switzerland.
Datacolor Solutions Private Ltd., India.
Datacolor Technology (Suzhou) Co. Ltd., China.
Datacolor Trading (Shanghai) Co. Ltd., China.
MABAG AG, Switzerland.
32373598
0784723
Managing Director: Mr. Lee Man Kiu Charles
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
As per registry dated
30-01-2012)
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Name |
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No. of shares |
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Datacolor Holding AG Obergrundstrasse 110, 6002 Lucerne, Switzerland. |
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9,999 |
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Overseas Nominees Ltd., Hong Kong. |
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1 |
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––––– |
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Total: |
10,000 ===== |
(As per registry
dated 30-01-2012)
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Name (Nationality) |
Address |
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Albertus J. BUSCH |
61 Harvard Circle, Princeton NJ 08540, U.S.A. |
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LEE Man Kiu Charles |
Flat C, 20/F., Tower 7, The Latitude, 638 Prince Edward Road East, San Po Kong, Hong Kong. |
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Mark Oliver LEUCHTMANN |
Baarerstrasse 149 CH-6300 Zug, Switzerland. |
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JEN Helen H |
7 Cottage Lane, Marlboro, NJ 07746, U.S.A. |
(As per registry
dated 30-01-2012)
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Name |
Address |
Co.
No. |
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Tricor Strath Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
0004873 |
The subject was incorporated on 30th January, 2002 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.
Activities: Colour Technology Trader.
Lines: All kinds of colour related equipment and products, etc.
Employees: 13.
Commodities Imported: Europe, etc.
Markets: China, North America, Other Asian Countries, Southeast Asia, Western Europe, etc.
Net Sales of Group: US$56,127,000 (Year ended 30-09-2010)
US$55,456,000 (Year ended 30-09-2011)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Mortgage or Charge: (See attachment)
Group Profit: US$4,395,000 (Year ended 30-09-2010)
US$3,775,000 (Year ended 30-09-2011)
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Standard Chartered Bank Hong Kong Ltd., Hong Kong.
Standing: Good.
Datacolor Asia Pacific (HK) Ltd. is a wholly-owned subsidiary of Datacolor Holding AG which is a Germany-based firm. Its ultimate holding company Datacolor AG [Datacolor] is a Switzerland-based firm.
The subject is
trading in the following commodities and offering clients with the following
services:-
· Scientific Testing Equipment (Textile & Garments Colour Testing Equipment);
Quality/Laboratory
Testing Services (Color management and communications solutions for automobile
(inner and outer colour coating) and for plastic pigment);
Electrical
& Electronic Products Testing (LCD monitor, plasma, projector color
management and communications solutions); &
Textile
& Garments Testing (Color management and communications solutions).
Datacolor makes instruments and software
that control color measuring, matching, and quality control for use in textile,
paint, automotive, printing, photography, and home theatre applications. Its Spyder brand targets the consumer
market. Datacolor also offers a variety
of services, including calibration of spectrophotometers, on-site consulting,
product training, and education in color theory. Datacolor sells directly to consumers online
and through resellers. It also
integrates its products with those of partners such as Lectra, Fongs, and
Lawer.
Datacolor is a global leader in color
management solutions and color communication technology. The world’s leading brands, manufacturers,
creative professionals and consumers, have been choosing Datacolor’s innovative
technology and solutions to consistently achieve the right color for 40 years.
A Swiss-held company, Datacolor’s global
presence encompasses a sales, service and support network serving customers in
more than 65 countries throughout Europe, the Americas and Asia, along with 13
worldwide operation and production facilities.
This combination has given the company an intimate understanding of its
core markets and how they depend on color, thus allowing Datacolor to provide
cost-effective solutions to manage color globally throughout its customers’
workflows – enabling them to realize their vision, save time, improve quality,
reduce costs, and excite their customers. Industries served include apparel and
textile, paint and coatings, automotive, plastics, photography, digital
imaging, home theatre, ink, printing, paper, leather and others.
In supply chains, Datacolor’s award-winning
technology electronically controls and communicates color between retailers,
manufacturers and suppliers. Offerings
include complete computerized systems for color measuring, matching, quality
control and communication to industries who must manage color accurately from
design through production and marketing. In manufacturing, Datacolor improves
efficiency and competitiveness with fast, accurate color matching, color
testing and color communication. In
digital imaging, Datacolor provides leading-edge, affordable solutions for
monitor and printer calibration. These
solutions allow serious photographers, creative professionals, and home
entertainment specialists to achieve the optimum color experience in all their
media.
For the year ended 30th September, 2011, the
net sales of the Group amounted to US$55.5 million (2010: US$56.1
million). Group profit for the year was
US$3.8 million (2010: US$4.4 million).
In the first half of 2011/12, Datacolor
achieved consolidated net sales of US$28.4 million (H1 2010/11: US$28.4
million) on previous year’s level. The
gross profit margin increased from 63.8% to 64.8% and EBIT by 3% to US$2.6
million (US$2.5 million). The EBIT
margin was 9.1% (8.8%) and net profit US$1.9 million (US$2.0 million). Datacolor is debt-free, has a substantial net
liquidity of US$21.9 million and a comfortable equity ratio of 60.5% (30th
September, 2011: 60.7%). The company’s
average headcount increased by more than 10% from 274 to 310 (full-time
equivalents) primarily due to the expansion of the direct sales organization in
Asia.
End of the first
quarter of 2011/12, the completely revised fourth generation of the “Spyder”
product family for color calibration of displays and printers was successfully launched.
Furthermore, Datacolor released the portable spectrophotometer “45G”
with integrated gloss measurement which offers an unmatched precision in
analyzing color on painted surfaces, plastic parts, package prints or
automotive parts. For customers in
the textile industry the innovative lab dyeing solution “Ahiba
Quickdose” was released. It allows more accurate color management for
dyeing textiles. Beginning of
April, “MatchPigment 2.2”, a new software
release of its color management solution for the plastics and the paint and ink
industry was introduced. Its new technology “SmartMatch”
significantly improves the quality of color recipes especially for pigmented
wood stains. The recently
launched “Europa” system is a
compact, highly accurate color sensor kit for OEM customers ready for
integration in televisions, monitors and laptops. These innovative new color management
solutions and the product releases in the second term will have a positive
impact on Datacolor’s businesses and support its strong market position.
In the second half
of 2011/12, Datacolor will continue to complete its established product range
by launching new products. Ongoing high investments in product
development, market launches of new products and the expansion of the sales and
service organization will strengthen the Group’s capability for
long-term growth. Given a continued
positive economic trend, Datacolor is well positioned due to its innovative and
financial strength, to achieve its ambitious medium-term objectives for growth
and profitability through organic growth and targeted acquisitions.
The subject is fully supported by the Group.
On the whole, consider the subject good for normal business engagements.
|
Date |
Particulars |
Amount |
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25-03-2004 |
Instrument: Charge Over Deposits - CD1(02) (Charge) Property: 1) By fixed Charge: all the Company’s right in respect of the following i) the sum(s) deposited by the Company or for its benefit in the account9s) or as evidence of indebtedness specified in the annexed schedule, including additions to or renewals or replacements of such sums in any currency; and ii) all other sums in any currency from time to time standing to the credit of the Company’s benefit whether alone or jointly with others on any deposit account with any Bank Group Company including additions to or renewals or replacements of such sum and all interest from time to time accruing or payable on the sums specified in (i) and (ii) above 2) By assignment: all Deposit held with any Bank Group Company Mortgagee: Shanghai Commercial Bank Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, obligations and liabilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.12 |
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UK Pound |
1 |
Rs.85.15 |
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Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.