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Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
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Name : |
DATACOLOR |
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Registered Office : |
Flat 11, 9/F., Wing On Plaza, 62 Mody Road, Tsimshatsui
East, |
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Country : |
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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 : |
Engaged in 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). |
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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, 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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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Source
: CIA |
DATACOLOR ASIA
PACIFIC (HK) LTD.
ADDRESS: Flat 11, 9/F., Wing On
Plaza, 62 Mody Road, Tsimshatsui East, Kowloon, Hong Kong.
PHONE: 852-2420 8283
FAX: 852-2420 8320
E-MAIL: asiamarketing@datacolor.com
Managing Director: Mr. Lam Wai
Chung
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$61,209,000 (Year ended 30-09-2013)
Employees: 15.
Main Dealing Banker: Standard
Chartered Bank Hong Kong Ltd., Hong Kong.
Banking Relation: Good.
DATACOLOR ASIA PACIFIC (HK) LTD.
Registered Head
Office:-
Flat 11, 9/F., Wing On Plaza, 62 Mody Road, Tsimshatsui East, Kowloon,
Hong Kong.
Holding Company:-
Datacolor Holding AG, Switzerland.
Ultimate Holding
Company:-
Datacolor AG, Switzerland.
Associated
Companies:-
Datacolor AG Europe, Switzerland.
Datacolor Belgium BVBA, Belgium.
Datacolor Color Technologies Trading and Service LLC, Turkey.
Datacolor GmbH, Germany.
Datacolor Inc., US.
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. Lam Wai
Chung
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 30-01-2014)
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Name |
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No. of shares |
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Datacolor Holding AG Waldstaetterstrasse 12, 6003 Luzern, 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 30-01-2014)
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Name (Nationality) |
Address |
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Albertus J. BUSCH |
105 Bedens Brook Road, Skillman, N.J. 08558, U.S.A. |
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LAM Wai Chung |
House 19, 4th Street, Section J, Fairview Park, Yuen Long, New
Territories, Hong Kong. |
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Mark Oliver LEUCHTMANN |
Baarerstrasse 149, CH-6300 Zug, Switzerland. |
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Helen H JEN |
7 Cottage Lane, Marlboro, NJ 07746, U.S.A. |
(As per registry
dated 30-01-2014)
|
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 January, 2002 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 4301, 43/F., Tower 2,
Metroplaza, 223 Hing Fong Road, Kwai Chung, New Territories, Hong Kong,
moved to the present address in October 2013.
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.
Employees: 15.
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)
US$55,912,000 (Year ended 30-09-2012)
US$61,209,000 (Year ended 30-09-2013)
US$33,703,000 (6 months ended 31-03-2014)
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
Group Profit: US$4,395,000 (Year ended 30-09-2010)
US$3,775,000 (Year ended 30-09-2011)
US$4,218,000 (Year ended 30-09-2012)
US$4,541,000 (Year ended 30-09-2013)
US$2,171,000 (6 months ended 31-03-2014)
Profit or Loss: Operation
is profitable.
Condition: Business is
normal.
Facilities: Making active
use of general banking facilities.
Payment: Met as contracted.
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.
Datacolor is a listed 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, 2013, the net sales of the Group
amounted to US$61.2 million (2012: US$55.9 million). Group profit for the year was US$4.5 million
(2012: US$4.2 million).
Datacolor is debt-free. Including
financial assets, the company has a solid net cash position of US$29.6 million
(2012: US$24.6 million) and a strong balance sheet with a high equity capital
ratio of 63% (2012: 64%).
The Asia Pacific region generated 32.9% of sales in fiscal 2012/13
(2011/12: 31.3%), continuing to gain in significance compared with Europe,
still Datacolor’s largest market. North
and South America accounted for 31.0% (2011/12: 30.2%) of sales in the year
under review. The substantial
investments made in expanding the direct sales organization helped to drive
this significant growth, in particular in China. Demand from the textile industry picked up
substantially in fiscal 2012/13. Higher
sales were reported most notably in Asia and South America. In Europe, sales remained stable despite
continuing weak demand.
In the first half of 2013/14, Datacolor AG increased consolidated net
sales by 11% to US$33.7 million (H1 2012/13: US$30.4 million). Due to significantly higher investment in
marketing, sales and new products, operating earnings (EBIT) declined to US$2.5
million (H1 2012/13: US$2.9 million) and the EBIT margin to 7.5% (H1 2012/13:
9.6%).
Net profit was US$2.2 million (H1 2012/13: US$2.7 million). Datacolor is debt-free, has a substantial net
cash position of US$27.6 million including financial assets (30th September,
2013: 29.6 million) and a solid equity capital ratio of 64.0% (H1 2012/13:
63.5%).
The subject is fully supported by the Group.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 63.65 |
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|
1 |
Rs. 99.14 |
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Euro |
1 |
Rs. 77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
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Report Prepared
by : |
MNL |
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.