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Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MASON OPTO CO.
LTD. |
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Registered Office : |
c/o Pan Talent Ltd. Room 2105, 21/F., Longham Commercial Tower, Argyle Street, Mongkok,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.12.2007 |
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Com. Reg. No.: |
38777122 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER,
EXPORTER AND WHOLESALER OF ALL KINDS OF LIGHTING PRODUCTS |
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No of Employees : |
01 |
RATING & COMMENTS
|
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 : |
Slow but correct |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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 |
NOTE:-
(Formerly located at:
Unit 3, 11/F., Crown Industrial Building,
106 How Ming Street, Kwun Tong, Kowloon, Hong Kong.
Now this office is occupied by a firm known as Mceron Ltd. which has
nothing to do with the subject.)
MASON OPTO
CO. LTD.
ADDRESS: c/o Pan Talent Ltd.
Room 2105, 21/F.,
Longham Commercial Tower, Argyle Street, Mongkok, Kowloon, Hong Kong.
PHONE: 852-3187 7046
FAX: 852-2780 0013
Managing Director: Mr. Li Zhijiang
Incorporated on: 11th December, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$500,000.00
Issued: HK$500,000.00
Business Category: Importer,
Exporter and Wholesaler.
Group Turnover: RMB436,386,460.98 Yuan (Year ended 31-12-2013)
Company Turnover: RMB110,032.66 Yuan (Year ended 31-12-2013)
Employee: 1.
Main Dealing Banker: Hang Seng
Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Pan Talent Ltd.
Room 2105, 21/F., Longham Commercial Tower, Argyle Street, Mongkok,
Kowloon, Hong Kong.
Holding Company:-
Shenzhen Mason Technologies Co. Ltd.
Block B, Yasheng Industrial Park, North Side, Zhenmei Highway, Guangming
Office, Guangming New District, Shenzhen Special Economic Zone, China.
[Tel: 86-755-2988 6863; Fax:
86-755-2988 6865]
Associated Companies:-
Guangdong Hengrun Photoelectric Co. Ltd., China.
Jin Wanrun (Beijing) Lighting Technology Co. Ltd., China.
Shenzhen Wanrun Energy Saving Co. Ltd., China.
38777122
1194247
Managing Director: Mr. Li
Zhijiang
Hong Kong Contact Person: Mr.
Chan
(Hong Kong Mobile Phone No.: 852-9069 1933)
Nominal Share Capital: HK$500,000.00
(Divided into 500,000 shares of HK$1.00 each)
Issued Share Capital: HK$500,000.00
(As per registry dated 11-12-2013)
|
Name |
|
No. of shares |
|
Shenzhen Mason Technologies Co. Ltd. Block B, Yasheng Industrial Park, North Side, Zhenmei Highway,
Guangming Office, Guangming New District, Shenzhen Special Economic Zone,
China. |
|
500,000 ====== |
(As per registry dated 11-12-2013)
|
Name (Nationality) |
Address |
|
LI Zhijiang |
Block B, Yasheng Industrial Park, North Side, Zhenmei Highway,
Guangming Office, Guangming New District, Shenzhen Special Economic Zone,
China |
(As per registry dated 11-12-2013)
|
Name |
Address |
Co. No. |
|
Pan Talent Ltd. |
Room 2105, 21/F., Langham Place Office Tower, 8 Argyle Street,
Mongkok, Kowloon, Hong Kong. |
0603098 |
The subject was incorporated on 11th December, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 3, 11/F., Crown Industrial
Building, 106 How Ming Street, Kwun Tong, Kowloon, Hong Kong. It moved to the present address in August
2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of lighting products
Brand Names: Masonled, Mason Lighting, Mason
Technologies.
Employee: 1.
Commodities Imported: China, etc.
Markets: Asia, Western Europe, North America, Central
& South America, etc.
Group Turnover: RMB374,445,456.37
Yuan (Year ended 31-12-2011)
RMB388,506,524.08
Yuan (Year ended 31-12-2012)
RMB436,386,460.98
Yuan (Year ended 31-12-2013)
Company Turnover: RMB110,032.66 Yuan (Year ended 31-12-2013)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$500,000.00
(Divided into 500,000 shares of HK$1.00 each)
Issued Share Capital: HK$500,000.00
Total Assets: RMB1,934,208.75 Yuan (Year ended 31-12-2013)
Net Assets: RMB572,886.43 Yuan (Year ended 31-12-2013)
Company Gross Profit:
RMB67,456.24 Yuan (Year ended
31-12-2013)
Company Net Profit: RMB56,325.96 Yuan (Year ended 31-12-2013)
Group Profit Attributable to Shareholders:-
RMB54,069,051.00 Yuan (Year ended
31-12-2011)
RMB38,485,550.70 Yuan (Year ended
31-12-2012)
RMB44,449,235.52 Yuan (Year ended
31-12-2013)
Profit or Loss: Group
business is profitable.
Condition: Business
is not very active in Hong Kong.
Facilities: Adequate
for current running.
Payment: Slow but correct.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Small.
Having issued 500,000 ordinary shares of HK$1.00 each, Mason Opto Co.
Ltd. is a wholly-owned subsidiary of Shenzhen Mason Technologies Co. Ltd.
[Shenzhen Mason/Group].
The subject’s registered office is in a commercial service firm located
at Room 2105, 21/F., Langham Place Office Tower, 8 Argyle Street, Mongkok,
Kowloon, Hong Kong known as Pan Talent Ltd. which is handling its
correspondences and documents. This
company is also the corporate secretary of the subject.
However, the subject has had a representative in Hong Kong. He can be reached at his Hong Kong mobile
phone number 852-9069 1933.
The director of the subject Mr. Li Zhijiang is a China merchant. His registered address is in Shenzhen Special
Economic Zone, China. He is also
Chairman of Shenzhen Mason.
The subject is a lighting product trader.
The subject is trading in the same products as Shenzhen Mason. However the subject is responsible for
exporting Shenzhen Mason’s products to international market.
The Group’s associated company in Beijing known as Jin Wanrun (Beijing)
Lighting Technology Co. Ltd. is responsible for the China market.
Shenzhen Mason was established in Dec. 2002 and was listed on
17th February, 2012 on Shenzhen Stock Exchange.
Shenzhen Mason is a provider of light-emitting diode (LED) lighting products. It is primarily engaged in the research and
development, design, production and sale of high-end LED light source device
packaging and LED lighting products. Its
products are mainly comprised of LED components and LED lightings. Its LED components include straight blade LED
components and surface mount device (SMD) LED components, depending on package
types. Its LED lighting products consist
of LED general lighting products and LED landscape decorative lighting
products, depending on application areas.
It also provides infrared receivers.
Shenzhen Mason distributes its products in China, as well as overseas
markets, including the United States, Japan, Europe, etc.
Shenzhen Mason has got CECP, CCC, UL, CE, ROHS, SGS certificate,
Guangdong high-tech products certificate, Guangdong famous brand product
certificate.
Shenzhen Mason is the vice chairman enterprise of Shenzhen High-Tech
Industry Association and Shenzhen Light Emitting Diode Industry
Association. It has been awarded ‘National
High Tech Enterprise’, ‘Top 500 Shenzhen Promising medium small
Enterprise’. Some of its research
projects are supported by National Development and Reform Commission (NDRC) and
the Industry and Information Technology Ministry of the PRC.
It was rated as one of the Top Ten LED enterprises of Guangdong Province
in 2013. In 2014 Shenzhen Mason was
named the national LED industry AA graded enterprise.
All the products of Shenzhen Mason bear the brand name of Mason.
For the year ended 31st December, 2013, the turnover of Shenzhen Mason
amounted to RMB436.4 million Yuan (2012: RMB388.5 million Yuan), profit
attributable to shareholders amounted to RMB44.4 million Yuan
(2012: RMB38.5 million Yuan).
According to Shenzhen Mason, for the year ended 31st December, 2013, the
turnover of the subject amounted to RMB110,033.00 Yuan, net profit was just
RMB56,326.00 Yuan.
Currently, Shenzhen Mason has 1,074 employees.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities.
For instance, it is going to take part in “Hong Kong International
Lighting Fair 2015 (Autumn Edition)” which will be held in Hong Kong Convention
and Exhibition Centre, Wanchai, Hong Kong during the period of 27th to 30th
October, 2015. Its booth No. is 1D-E39.
The subject is fully supported by Shenzhen Mason.
On the whole, consider it good for normal business engagements in very
small credit amounts or on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.