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Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
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Name : |
O.S.
ELECTRONICS (H.K.) LTD. |
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Registered Office : |
Unit 1808-9, 18/F., 9 Wing Hong Street, Cheung Sha Wan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.11.1993 |
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Com. Reg. No.: |
17645643 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in importing, exporting and wholesaling electronic devices, semiconductors & batteries. |
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No. of Employees : |
15 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous 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 34.9 million in 2012, 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 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% 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, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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 |
O.S. ELECTRONICS (H.K.) LTD.
(Your enquiry given as: O S ELECTRONICS (H.K) LTD. of the same address )
Unit 1808-9, 18/F., 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong.
PHONE: 852-2741 2218
FAX: 852-2786 5733
Managing Director: Mr. Naoki Narita
Incorporated on: 30th November, 1993.
Organization: Private Limited Company.
Capital: Nominal: US$300,000.00
Issued: US$300,000.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover of Parent: JPY 24,000 to 26,000 million.
Employees: 15.
Main Dealing Banker: Sumitomo Mitsui Banking Corporation, Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 1808-9, 18/F., 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong.
Holding Company:-
O.S. Electronics Co. Ltd., Japan.
Associated
Companies:-
O.S. Electronics (H.K.) Ltd. Shanghai Office, China.
O.S. Electronics (Shenzhen) Ltd., China.
O.S. Semiconductor Co. Ltd., Taiwan.
OS Electronics (S) Pte. Ltd. India Liaison Office, India.
OS Electronics (S) Pte. Ltd., Singapore.
17645643
0455506
Managing Director: Mr. Naoki Narita
Nominal Share Capital: US$300,000.00 (Divided into 3,000 shares of US$100.00 each)
Issued Share Capital: US$300,000.00
(As per registry
dated 30-11-2013)
|
Name |
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No.
of shares |
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O.S. Electronics Co. Ltd. 3-16-8,
Sotokanda Chiyoda-ku, Tokyo, Japan. |
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3,000 ==== |
(As per registry
dated 30-11-2013)
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Name (Nationality) |
Address |
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Hideaki IKEDA |
1-20-53 Higashi Sendai
Miyagino-ku, Sendai City, Miyagi-Ken, Japan. |
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Naoki NARITA |
1-68 Jiyugaoka Chikusake,
Nagoyashi, Aichi, Japan. |
(As per registry
dated 30-11-2013)
|
Name |
Address |
Co.
No. |
|
Tricor Strath Ltd. |
Level 54, Hopewell Centre, 183 Queen’s Road East, Hong
Kong. |
0004873 |
The subject was incorporated on 30th November, 1993 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 Wholesaler.
Lines: Electronics devices, semiconductors and batteries.
Employees: 15.
Commodities Imported: Japan, etc.
Markets: China, Taiwan, Southeast Asia, India, etc.
Turnover of Parent: JPY 24,000 to 26,000 million.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
SUPPLIERS
Sanyo Electric
Sanyo Semiconductors
FDK Corp.
Sun Electronic Ind.
Diamond Electric
Tocad Energy Co.
Nominal Share Capital: US$300,000.00 (Divided into 3,000 shares of US$100.00 each)
Issued Share Capital: US$300,000.00
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: Sumitomo Mitsui Banking Corporation, Hong Kong.
Standing: Normal.
O.S. Electronics (H.K.) Ltd. is wholly-owned by O.S. Electronics Co. Ltd. [OSE] which is a Japan-based company.
The subject is the agent of the following companies and trading in the following products:
· Panasonic Corporation
Automotive & Industrial Systems Company
(POSCAP/OS-CON/Micro Speakers/Small Board for high-density implementation)
· SANYO Electric Co., Ltd.
Automotive & Industrial Systems Sector
(Lithium Ion Batteries/Nickel Cadmium Batteries/Chargers)
· SANYO Amorton Co., Ltd.
(Amorphous Si Solar Cells)
ON Semiconductor
Semiconductors(Applications for Automotive/Medical/LED Lighting/Consumer/Power Supply)
· FDK Corporation
(Ni-MH Batteries/Lithium Batteries/Electronic Components)
· SUN Electronic Industries Corporation
(Capacitors/Switching Power Supplies)
· Tyco Electronics Japan G.K.
(Poly Switches/Chip Fuses)
· Heat-Sink & Os Co., Ltd.
(Various Heat Sinks)
OSE was established originally for manufacturing radio, TV and telecommunications devices. In April 1965 became the distributor for Semiconductor Business Division of Tokyo Sanyo Electric Co. Ltd. OSE is a trading firm specialized in importing, exporting and wholesaling electronic devices, semiconductors & batteries.
The subject’s products are marketed in Hong Kong, China and exported to Taiwan, Southeast Asia, India, etc. Business is rather active.
The subject has set up an office in Shanghai, China. Established in 1993 and with a registered capital of US$300,000.00, the Shanghai company is trading in the products of Sanyo chiefly.
The sales volume of OSE for March 2012 fiscal term amounted to JPY 25,091 million, a 15% down from JPY 29,460 million in the previous term. Exports were hit by the high value of Japanese Yen, reducing earnings and profit in Yen terms. The exports of OSE were also shrunk. The recurring profit was posted at JPY 147 million and the net profit at JPY 89 million, respectively, as compared with JPY 453 million recurring profit and JPY 289 million net profit, respectively, a year ago.
For the current term ending March 2013 the recurring profit is projected at JPY 150 million and the net profit at JPY 95 million respectively, on a 3% rise in turnover, to JPY 25,800 million.
The subject is chiefly supported by OSE. History in Hong Kong is over 20 years.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.10 |
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|
1 |
Rs.99.85 |
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Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
-- |
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.