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Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
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Name : |
IBS TECHNOLOGY INT’L HK LTD. |
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Registered Office : |
Unit C, 5/F., Mai On Industrial Building, 17-21 Kung Yip Street, Kwai Chung, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.06.2001 |
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Com. Reg. No.: |
31890799 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronic components,
accessories |
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No. of Employees : |
40 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Hong Kong |
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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 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.
|
Source
: CIA |
IBS TECHNOLOGY
INT’L HK LTD.
ADDRESS: Unit C, 5/F., Mai On Industrial Building,
17-21 Kung Yip Street, Kwai Chung, New Territories, Hong Kong.
PHONE: 852-2947 0009, 2793 5344
FAX: 852-2793 5876
E-MAIL: sales@ibs-hk.com
Managing Director: Mr. Yassaman
Tavakoli
Incorporated on: 22nd June, 2001.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$20.00
Business Category: Electronic
Product Trader.
Employees: 40.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
IBS TECHNOLOGY
INT’L HK LTD.
Registered Head
Office:-
Unit C, 5/F., Mai On Industrial Building, 17-21 Kung Yip Street,
Kwai Chung, New Territories, Hong Kong.
Parent Company:-
IBS Electronics Inc., US.
[Tel: 1-800-7276 475, Fax: 1-800-8247
668
E-mail: sales@ibselectronics.com ]
Associated
Companies:-
IBS Electronics Inc., India.
[Tel: 91-80-2672 3181, Fax:
91-80-2672 4868
E-mail: salesln@ibselectronics.com ]
IBS Electronics Inc., Mexico.
[Tel: 33-3632 1053, Fax: 33-1135
7459
E-mail: salesgdl@ibselectronics.com ]
IBS Electronics Inc., Philippines.
[Tel: 632-8076 927, Fax:
632-8427 004
E-mail: salesph@ibselectronics.com ]
IBS IPO Pte. Ltd., Singapore.
[Tel: 65-6376 6888, Fax: 65-6376
2868
E-mail: salessg@ibselectronics.com ]
IBS Technology Int’l HK Ltd., Malaysia.
[Tel: 604-8263 868, Fax:
604-8263 868
E-mail: salesmy@ibselectronics.com ]
IBS Technology Shenzhen Ltd., China.
[Tel: 86-755-8221 0037, Fax:
86-755-8221 0035
E-mail: salescn@ibselectronics.com ]
31890799
0761252
Managing Director: Mr. Yassaman Tavakoli
Contact Person: Mr. Robert Tavi
Nominal Share Capital: HK$100,000.00
(Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$20.00
(As per registry dated 22-06-2013)
|
Name |
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No. of shares |
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Hamid Bahman TAVAKOLI |
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8 |
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Sohrab TAVAKOLI |
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6 |
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Yassaman TAVAKOLI |
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6 |
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––– |
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Total: |
20 == |
(As per registry dated 22-06-2013)
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Name (Nationality) |
Address |
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Yassaman TAVAKOLI |
12 Cavalleri, Newport Beach, California 92657-1221, US. |
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Sohrab TAVAKOLI |
12 Cavalleri, Newport Beach, California 92657-1221, US. |
|
Hamid Bahman TAVAKOLI |
12 Cavalleri, Newport Beach, California 92657-1221, US. |
(As per registry dated 22-06-2013)
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Name |
Address |
Co. No. |
|
Score Charter Ltd. |
Unit 2509, 25/F., 113 Argyle Street, Mongkok, Kowloon, Hong Kong. |
0505974 |
The subject was incorporated on 22nd June, 2001 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 1101, 11/F., China Aerospace
Centre, 143 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong, moved to the
present address in May 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Electronic
components, accessories
Employees: 40.
Commodities Imported: Europe, US,
etc.
Markets: China,
Southeast Asia, North America, Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$100,000.00
(Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$20.00
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a satisfactory
manner.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Good.
Having issued 20 ordinary shares of HK$1.00 each, IBS Technology Int’l
HK Ltd. is jointly owned by Mr. Hamid Bahman Tavakoli, holding 40% interests;
Mr. Sohrab Tavakoli, holding 30%; and Mr. Yassaman Tavakoli, also 30%. Being US passport holders, the three
shareholders are also directors of the subject.
The parent company of the subject IBS Electronics Inc. is a US-based
firm. IBS Electronics was established in
1980 in Southern California. IBS
Electronics is an ISO 9001: 2008 certified authorized franchise distributor and
a global leader in the delivery of innovative electronic components and
logistic solutions. The subject is also
a key member of the IBS Group.
IBS Group of companies is involved in various aspects of activities in
the electronic industry such as supplying, distribution, designing,
manufacturing, etc. The subject is
responsible for the distribution of the Group’s products in the Asia Pacific
region.
The Group is engaged in the following business scope:
·
Cable Design;
·
IC Failure Analysis;
·
LED Driver, LED Power Supply Manufacturing;
·
Military Products; &
·
Printed Circuit Board.
The Research and Development division of the Group is a leading provider
of high technology consulting services to clients worldwide in the field of
mobile, RF communications and electronics.
These projects include analogue RF communications IC design in the field
of mobile telephony, mobile handset, cordless and WLL solutions, production
ready design of measurement instruments and complete design and implementation
of a factory monitoring system with remote access.
Incorporated in 1983, IBS Group markets electronic components for high
tech industries worldwide. IBS is a
privately held corporation with a steadfast commitment to quality, service and
fast deliveries. With assets of
US$50 million, a staff of 50, and over half a century of combined
management experience in electronics design, IBS Technology has become a
recognized electronic component worldwide manufacturer’s representative and
distribution specialist.
The Group also has Design Center For RF IC Chip set for RFID and GPS
application.
The subject and the Group are specialised in supplying their customers
with the needs in RF IC design (CDMA 2000, UMTS, 802.11a and GPS).
The Group has had numerous customers throughout the world. Annual sales turnover is very significant.
In collaboration with other IBS Group offices and logistic centres in
the region, the subject is able to provide a tailored approach for its
customers in the region. Situated in
Kwai Chung, New Territories, the subject is staffed with over 40 staff to
provide customer service for sales and logistics for Hong Kong and
neighbouring areas.
The subject has had an associated company in Shenzhen Special Economic
Zone, China. Its China office serves its
territory with a team of engineers and customer service agents to assist in the
design, prototype, test and manufacture for its customers. Its Shenzhen office has a wide range of
logistic capabilities that closely tie with the subject to provide stocking and
flexible delivery options based on its customer’s needs. Its Shenzhen location has enabled it to
develop and maintain relationships with its manufacturers in the region.
The subject is fully supported by the IBS Group. History in Hong Kong is about 13 years.
On the whole, in view of the background and parentage of the subject,
consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.11 |
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|
1 |
Rs.102.32 |
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Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NNA |
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.