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Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
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Name : |
REGENT RICH CAPACITORS PVT. LTD. |
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Registered Office : |
c/o HKBSS Ltd. 5/F., Far East Consortium Building, 121 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.01.2012 |
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Com. Reg. No.: |
59307251 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Manufacturer of All kinds of capacitors, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 |
REGENT RICH
CAPACITORS PVT. LTD.
c/o HKBSS Ltd.
5/F., Far East Consortium Building, 121 Des Voeux Road Central,
Hong Kong.
PHONE: 2893 5880
FAX: 2893 5890
E-MAIL: sales@sunelectronicshk.com
Managing Director: Mr. Vibhore
Srivastava
Incorporated on: 3rd January, 2012.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer,
Exporter and Manufacturer.
Employees: Nil.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
REGENT RICH
CAPACITORS PVT. LTD.
Registered Head
Office:-
c/o HKBSS Ltd.
5/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong
Kong.
Holding Company:-
Regent Rich Capacitors Pvt Ltd.
F-633,1st Floor, Palam Extn., Near Honda Showroom, Dwarka Sector-7, New
Delhi 110075, India.
[Tel: +91-011-25087948
Fax: +91-11-45142866
E-mail: amit@sunelectronicshk.com]
Affiliated/Associated
Companies:
Europtronic (Suzhou) Co. Ltd., China.
Europtronic Electronic (Shenzhen) Co. Ltd., China.
Sun Electronics (HK) Ltd., Hong Kong.
(Same address)
59307251
1695388
Managing Director: Mr. Vibhore
Srivastava
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 03-01-2013)
|
Name |
|
No. of shares |
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Regent Rich Capacitors Private Ltd. F-633, 1/F., Palam Extension, Near Honda Showroom, Sector-7, Dwarka
New Delhi, India. |
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10,000 ===== |
(As per registry dated 03-01-2013)
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Name (Nationality) |
Address |
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Vibhore SRIVASTAVA |
Room No-144 F/F S T C-58 Shahpuri, Complex Centre, Janakpuri, New
Delhi 110058, India. |
(As per registry dated 03-01-2013)
|
Name |
Address |
Co. No. |
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HKBSS Ltd. |
5/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong
Kong. |
0838155 |
The subject was incorporated on 3rd January, 2012 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: Importer,
Exporter and Manufacturer.
Lines: All
kinds of capacitors, etc.
Employees: Nil.
Commodities Imported: China,
other Asian countries, etc.
Markets: India,
etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00
(Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Too
early to offer an opinion.
Condition: Business
is under development.
Facilities: Is
making use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Small.
Regent Rich Capacitors Pvt Ltd. is a wholly-owned subsidiary of Regent
Rich Capacitors Pvt Ltd. [India Regent Rich] which is an India-based firm.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at 5/F., Far East Consortium Building, 121 Des Voeux
Road Central, Hong Kong known as HKBSS Ltd. which is handling its
correspondences and documents. HKBSS
Ltd. is also the corporate secretary of the subject. This firm has more than office in
Hong Kong.
The subject has had an associated company in Hong Kong known as Sun
Electronics (HK) Ltd. [Sun Electronics].
The subject and Sun Electronics are engaged in the same lines of
business.
The subject has no employees in Hong Kong.
Sun Electronics and the subject is an authorized representative of
companies such as Chint, Dowin, Fulltech, Dongya, X-fan, Source Photonics,
All-Best, Cooler Master, Sentek, Adda Fan, Europtronic, Changzhou and Lelon
Electronics. It is one of the leading
supplier to Telecom PS/PIU manufacturers and one of the trusted supplier of
various range of electronics/electrical components such as Aluminum
electrolytic capacitors, Tantalum capacitors, Film capacitors, Cooling fan, DC
Energy Meter 4- Channel, Hydraulic Circuit Breakers, MCCBs, RF SPDs, SMPS/ DC
Power Supply Devices, DC Contactors, Display Devices, MCBs, Relay, Fire, Gas,
CO detectors and Connectors. It is
representing as India office/Distributor of following companies:-
·
ZHEJIANG CHINT ELECTRICS CO. LTD.
[World’s Top one Power Transmission & Distribution, Low-Voltage Electrics,
and Electrics Construction Application, Meter & Instruments and Solar
Products manufacturer.]
·
LELON ELECTRONICS CO. LTD.
[World’s top 4th Electrolytic Capacitors manufacturer.]
·
SOURCE PHOTONICS CORP. [Source
Photonics designs, manufactures, and sells a broad portfolio of optical
communication products, including passive optical network, or PON, subsystems,
optical transceivers.]
·
COOLER MASTER CO. LTD. [World’s
top Heat Sink and Processor Cooling fans manufacturer.]
·
ALL BEST ELECTRONICS CO., LTD.
[All Best’s mission is to develop advanced connectors.]
·
XINRUILIAN SCIENCE &
TECHNOLOGIES (SHENZHEN) CO. LTD. [The Company makes and sells Brushless DC and
AC Cooling Fans.]
·
FULLTECH ELECTRIC CO. LTD. [ One
of the professional AC cooling fans manufacturers.]
·
SHENZHEN DOWIN LIGHTNING
TECHNOLOGIES CO., LTD. [DOWIN has the proven capabilities to design, develop
and manufacture surge suppression solutions for communication network.]
·
CHANGZHOU HUAWEI ELECTRONIC CO.,
LTD. [A large-sized Chinese company with experience for twenty years in
manufacturing aluminium electrolytic capacitors and export 40% of our products
all over the world.]
·
EUROPTRONIC GROUP [A SGX-listed
company headquartered in Singapore, has key businesses in electronic components
manufacturing and distribution, and a rapidly-growing biotechnology unit.]
·
ZHEJIANG DONGYA ELECTRONIC
CO., LTD. [Specialized in manufacturing, developing and selling all kinds DC
contactors, relays, shunt, hydraulic breaker and mini middle power
electromagnetism products.]
·
NINGBO SENTEK ELECTRONICS CO.,
LTD. [Sentek is specializing in designing, developing and manufacturing fire
and security detectors, such as fire detectors, combustible and toxic gas
detectors, and magnetic contacts.]
The subject is one of the agents of Europtronic Group Ltd. [Europtronic / Group] which is listed and registered in Singapore. India Regent Rich is responsible for marketing the Group’s products in India.
Established in 1977, Europtronic is a leading
manufacturer of film capacitors in Asia.
Its products are widely used in end-market applications such as industrial
inverters, solar and wind energy generators, UPS and SMPS, industry induction
heaters, electric welding machines, consumer electronic products and
peripherals.
With TS16949, QC080000, ISO14001 and two ISO
9001-certified factories in Suzhou and Shenzhen Special Economic Zone, China,
Europtronic is specialised in designing and manufacturing DC link capacitors,
AC filter capacitors, snubber capacitors, high pulse/switching capacitors,
class X2 suppression capacitors and general purpose capacitors. In addition, Europtronic also offers customers
with custom design services.
The subject’s business in Hong Kong is not
active. History in Hong Kong is just
over a year.
Since the subject does not have its own operating office
and has no employees in Hong Kong, consider it good for business engagements on
L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.08 |
|
|
1 |
Rs.83.11 |
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Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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 |
---- |
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.