MIRA INFORM REPORT
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Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
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Name : |
NEXTECH ELECTRONICS LTD |
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Registered Office : |
Room K, 16/F, 1st Phase, Goldfield Building, 144-150 Tai
Lin Pai Road, Kwai Chung N.T |
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Country : |
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Date of Incorporation : |
29.08.2008 |
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Com. Reg. No.: |
1268949 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Engaged in Trading of Electronic Components, Network Tools & Renewable Energy Subject
product ranges includes:- Electronic
components ·
Electronic
Components ·
Power
Supplies ·
Optic
Modules ·
Active
Components ·
Connectors,
Cables & Assemblies ·
Electromechanical
Products ·
LEDs
& LCDs ·
Passive
Components Network tools ·
1588V2,
Sync-E, CES and OAM ·
Network
Recorders & VOIP Monitoring ·
POE
Test & Measurement Solutions ·
Network
Emulators & Taps ·
Network
Tool Optimizer ·
Physical
Layer matrix switches ·
Protocol
Analyzers & Packet Sniffers ·
Remote
Mgmt. S/W for CPEs – TR 069 ·
Phy
Ethernet Test & Measurement Sol Renewable energy Solar and Wind Inverters |
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No of Employees : |
About 5 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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a1 |
a1 |
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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 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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.
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Source : CIA |
Contact Points
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Company Name: |
Nextech Electronics Ltd |
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Supplied Name: |
Nextech Electronics Ltd |
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Trading Address: |
Room K, 16/F, 1st
Phase, Goldfield Building, 144-150 Tai Lin Pai Road, Kwai Chung N.T.,
Hong Kong |
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Supplied Address: |
Rm K 16/F, 144-150 Tai Lin Pai Road, Goldfield Industrial Building,
PP-I Kwai Chung NT |
Note: The exact name and address are as above.
Credit Summary
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered Address: |
Room K, 16/F, 1st Phase, Goldfield
Building, 144-150 Tai Lin Pai Road, Kwai Chung N.T., Hong Kong |
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Telephone Number: |
+852-2428-9080 |
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Fax Number: |
+852-2428-9086 |
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E-mail: |
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Date of Registration: |
2008-8-29 |
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Registered Number: |
1268949 |
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Business Registration No.: |
39742344 |
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Paid-up Capital: |
HKD 1,000,000 (USD 129,000) = 1,000,000 Shares@ HKD 1 (As of 2014.12, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
77256-connectors for optical fibres, optical
fibre bundles or cables (kg) |
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Principal Activities: |
Engaged in Trading of Electronic Components, Network Tools & Renewable Energy |
|
Staff: |
About 5 employees |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-8-29 |
History
Subject was incorporated on 2008-8-29 with the registered
number 1268949 as Private Limited Liability Company in
Corporate Structure
Related Company:
|
Name: |
Nextech Electronics Pvt. Ltd. |
|
Address: |
No. 166, 1st Floor, Near lalbagh |
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Tel: |
+91-80-4120-5095/96 |
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Fax: |
+91-80-2660-8914 |
Group Offices
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1 |
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Name: |
New Delhi Office |
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Address: |
C 7/15 1st Floor East Patel Nagar, Near JP
Siddharth Hotel New Delhi-110008 India |
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Tel: |
+91-954-000-4114 |
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2 |
|
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Name: |
Mumbai Office |
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Address: |
B-406, Green Acres 1 Off Ghodbundar Road
Thane (W) -400607 India |
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Tel: |
+91-989-254-4792 |
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3 |
|
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Name: |
Hyderabad Office |
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Address: |
# 301, Trendset Villa Opp. Banjara Hills PS,
Road No. 14, Banjara Hills Hyderabad-500034 |
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Tel: |
+91-850-102-9911 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Vara Narasimha Reddy |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
|
Name: |
Vara Narasimha Reddy |
|
Address: |
Flat No. L-1408 Lydia Block, 14th
Floor, SNN Raj Lake View Apartments, Phase 1, 29th Main, BTM 2nd
Stage, N.S. Palya Main Road, Bangalore-560076, Karnataka, India |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
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Name: |
Vara Narasimha Reddy |
|
Address: |
Flat No. L-1408 Lydia Block, 14th
Floor, SNN Raj Lake View Apartments, Phase 1, 29th Main, BTM 2nd
Stage, N.S. Palya Main Road, Bangalore-560076, Karnataka, India |
|
Position: |
Director |
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Passport Number: |
J7093836 |
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Issuing Country: |
India |
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2 |
|
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Name: |
Latha Vara Narasimha Reddy |
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Address: |
Flat No. L-1408 Lydia Block, 14th
Floor, SNN Raj Lake View Apartments, Phase 1, 29th Main, BTM 2nd
Stage, N.S. Palya Main Road, Bangalore-560076, Karnataka, India |
|
Position: |
Director & Secretary |
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Passport Number: |
G8552574 |
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Issuing Country: |
India |
Personnel
Structure
|
Total Employees |
Operation Information
|
|
Office |
|
Address: |
Room K, 16/F, 1st Phase, Goldfield Building, 144-150 Tai Lin Pai
Road, Kwai Chung N.T., Hong Kong |
Premises
Information
The subject is located at Room K, 16/F, 1st Phase, Goldfield Building, 144-150 Tai Lin
Pai Road, Kwai Chung N.T., Hong Kong.
However, we cannot get any related registration information for this address in
the official authorities.
Production
Information
l Subject is a trader of electronic components without any production
activities.
Purchase
Information
l It is introduced that subject’s products are mainly
purchased from Taiwan, the mainland of China and Japan
Sales Information
l Subject is engaged in sale of electronic components
l Subject’s sale regions are domestic market, North
America, Europe and Asia
l Subject’s main products are as following:
|
Types |
Products |
|
Electronic components |
·
Electronic
Components ·
Power
Supplies ·
Optic
Modules ·
Active
Components ·
Connectors,
Cables & Assemblies ·
Electromechanical
Products ·
LEDs
& LCDs ·
Passive
Components |
|
Network tools |
·
1588V2,
Sync-E, CES and OAM ·
Network
Recorders & VOIP Monitoring ·
POE
Test & Measurement Solutions ·
Network
Emulators & Taps ·
Network
Tool Optimizer ·
Physical
Layer matrix switches ·
Protocol
Analyzers & Packet Sniffers ·
Remote
Mgmt. S/W for CPEs – TR 069 ·
Phy
Ethernet Test & Measurement Sol |
|
Renewable energy |
·
Solar and Wind
Inverters |
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Electronic components |
|
Payment Terms |
T/T, Cash |
2.
Import
|
Products |
Electronic components |
|
Payment Terms |
L/C, T/T |
1.
Domestic Markets
|
Product |
Electronic components |
|
Selling Terms |
T/T, Cash |
2.
Export
|
Product |
Electronic components |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.
Bankers
Subject
declined to disclose its bank details; from other source we could not obtain
the relevant information, either.
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
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High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction &
Arbitration Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Special Note
Interview
Details
|
Name |
Mr. He |
|
Department: |
Sales Department |
Industry Information
77256-connectors for optical fibres, optical fibre bundles or cables (kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
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Quantity |
Value |
Quantity |
Value |
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Imports |
||||
|
Germany |
1,924 |
1,250 |
11,205 |
6,354 |
|
Belgium |
120 |
16 |
1,931 |
107 |
|
Canada |
1 |
-- |
190 |
108 |
|
The Mainland of China |
235,266 |
42,437 |
880,126 |
171,351 |
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Exports |
||||
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United Arab Emirates |
1,280 |
1,494 |
1,776 |
1,716 |
|
Germany |
1,994 |
462 |
15,693 |
2,413 |
|
UK |
3,273 |
735 |
19,972 |
5,419 |
|
France |
2,139 |
1,062 |
6,794 |
3,367 |
|
The Mainland of China |
30,310 |
44,890 |
110,270 |
176,050 |
External Trade
Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
1st Phase,
Goldfield Building, 144-150 Tai Lin Pai Road, Kwai Chung N.T., Hong Kong
Room K, 16/F, 1st
Phase, Goldfield Building, 144-150 Tai Lin Pai Road, Kwai Chung N.T.,
Hong Kong
Room K, 16/F, 1st
Phase, Goldfield Building, 144-150 Tai Lin Pai Road, Kwai Chung N.T.,
Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.46 |
|
UK Pound |
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.77.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.