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Report Date : |
05.09.2014 |
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 : |
Trader of Colour Technology |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
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 |
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 |
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)
|
Name |
|
No. of shares |
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Datacolor Holding AG Waldstaetterstrasse 12, 6003 Luzern, Switzerland. |
|
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. |
|
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.45 |
|
|
1 |
Rs. 99.46 |
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Euro |
1 |
Rs. 79.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
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Report Prepared
by : |
SDA |
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 |
|
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 |
|
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 |
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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 |
|
-- |
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.