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Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
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Name : |
NVIDIA SINGAPORE PTE LTD. |
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Registered Office : |
3/F., Harbour View 1, 12 Science Park East Avenue, Science Park, Sha
Tin, New Territories |
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Country : |
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Date of Incorporation : |
27.01.2004 |
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Com. Reg. No.: |
34234356 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and Wholesaler of All Kinds of Computer Systems |
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No of Employees : |
36 |
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 : |
Good |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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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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 |
NVIDIA SINGAPORE
PTE LTD.
ADDRESS: 3/F., Harbour View 1, 12 Science Park
East Avenue, Science Park, Sha Tin, New Territories, Hong Kong.
PHONE: 852-2534 0500
FAX: 852-2534 0585
MANAGEMENT:
Representative: Ms. Lo Yee Har
Susan
Registered in Hong Kong on: 27th January, 2004.
Organization: Limited Company
(Non-Hong Kong Company).
Paid Up Capital: US$1,000.00
Business Category: Importer
and Exporter
Group Revenue: US$4,130,162,000 (Year ended 26-01-2014)
Employees: 36.
Main Dealing Banker: DBS
Bank Hong Kong Ltd., Hong Kong.
Banking Relation: Good.
NVIDIA SINGAPORE
PTE LTD.
Registered Office:-
112 Robinson Road #05-01, Singapore 08902.
Operation
Address:-
80 Marine Parade Road, #15-08, Parkway Parade, Singapore 449269.
Hong Kong Principal Place of Business:-
3/F., Harbour View 1, 12 Science Park East Avenue, Science Park,
Sha Tin, New Territories, Hong Kong.
Branch Office:-
Unit 215, Lakeside One, 8 Science Park West Avenue, Science Park,
Sha Tin, New Territories, Hong Kong.
Immediate Holding
Company:-
Nvidia International Inc., Cayman Islands.
Ultimate Holding
Company:-
Nvidia Corporation, US.
34234356
F0013117
Group President & Chief Executive Officer: Jen-Hsun Huang
1.
LO Yee Har, Susan
[Lever 54, Hopewell
Centre, 183 Queen’s Road East, Hong Kong.]
2.
SENG SZE Ka Mee, Natalia
[Lever 54,
Hopewell Centre, 183 Queen’s Road East, Hong Kong.]
US$1,000.00
(As per registry dated 27-01-2014)
|
Name (Nationality) |
Address |
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Karen Theresa BURNS |
801 Kipling Street, Palo Alto, CA 94301, USA. |
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LEE Kay Beng |
4 Haig Lane, Singapore 438808. |
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Michael John BYRON |
5727 Penwood Lane, Dublin, CA 94568, USA. |
(As per registry dated 27-01-2014)
|
Name |
Address |
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TEO Chin Kee |
Block 565, Pasir Ris ST. 51 #04-128, 510565, Singapore. |
The subject was incorporated in Singapore as a limited liability
company. It was has established a principal
place of business in Hong Kong and was registered on 27th January, 2004 as a
Non-Hong Kong company.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Wholesaler.
Lines: All
kinds of computer systems, etc.
Employees: 36.
Commodities Imported: Europe, US
Markets: Hong
Kong, China, the other Asian countries, Europe, Middle East, North America,
etc.
Group Revenue: US$3,326,445,000 (Year ended 31-01-2010)
US$3,543,309,000 (Year ended 30-01-2011)
US$3,997,930,000 (Year ended 29-01-2012)
US$4,280,159,000 (Year ended 27-01-2013)
US$4,130,162,000 (Year ended 26-01-2014)
Company Revenue: US$3,357,330,000 (Year ended 29-01-2012)
US$3,635,793,000 (Year ended 27-01-2013)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Capital Provider: Provided by its
Head Office.
Group Net Income/(Loss): (US$ 67,987,000)
(Year ended 31-01-2010)
US$253,146,000 (Year ended 30-01-2011)
US$581,090,000 (Year ended 29-01-2012)
US$562,536,000 (Year ended 27-01-2013)
US$439,990,000 (Year ended 26-01-2014)
Company Net Income: US$3,814,000 (Year ended 29-01-2012)
US$4,275,000 (Year ended 27-01-2013)
Profit or Loss: Group
business was profitable in the past three years.
Condition: Keeping in a
satisfactory manner.
Facilities: Making rather
active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: DBS
Bank (Hong Kong) Ltd., Hong Kong.
Standing: Very good.
Nvidia Singapore Pte Ltd. is a Non-Hong Kong Company incorporated in
Singapore. Its holding company Nvidia
Corporation [Nvidia/Group] is a US‑based company and has been listed on
the NASDAQ Global Select Market. Its
code is NVDA.
The address of the subject’s registered office is 112 Robinson Road,
05-01, The Corporate Office, Singapore 068902.
The authorised representatives in Hong Kong are Ms. Lo Yee Har, Susan
and Ms. Seng Sze Ka Mee, Natalia.
The principal activity of the subject is engaged in marketing graphic
processors and media and communication devices.
NVIDIA is the world leader in visual computing technologies and the
inventor of the GPU, a high-performance processor which generates breathtaking,
interactive graphics on workstations, personal computers, game consoles, and
mobile devices.
NVIDIA serves the entertainment and consumer market with its GeForce
products, the professional design and visualization market with its Quadro
products, and the high-performance computing market with its Tesla
products. The products make
visually-rich and computationally-intensive applications such as video games,
film production, broadcasting, industrial design, financial modelling, space
exploration, and medical imaging possible.
The subject is
engaged in the following business scope:-
1. To bring up its ATE / SiFA (Silicon Failure Analysis) capabilities to serve its Asia Pacific Customers;
2. To conduct product analysis and application engineering on Graphic Processor Units (GPU) ASIC products and MCP products with 65nm technology and below;
3. To conduct sustaining product engineering activities and Silicon level product analysis and testing capability; &
4. To develop 3rd level product analysis capabilities including design, test program in relation to failure characterization and test program maintenance utilizing “Verigy” test platform; and To develop failure analysis techniques including OBIRCH and other non-destructive techniques such as IR microscopy.
Nvidia has long been known around the world for creating the graphics chips used in PCs that bring video games to life. With its invention of the GPU, it introduced the world to the power of programmable shading, which defines modern computer graphics.
The Group’s businesses are based on two important technologies: the GPU and the Tegra processor.
The Group’s two primary reporting segments are based on the GPU and the Tegra processor. It sells its processors to OEMs that build PCs, workstations, servers, smartphones and tablets. It targets four market segments - Gaming, Enterprise, Mobile and Cloud - where its deep expertise in visual computing allows it to create solutions and experiences for users.
The Group does not directly manufacture semiconductor wafers used for its products. Instead, it utilizes what is known as a fabless manufacturing strategy for all of its product-line operating segments whereby it employs world-class suppliers for all phases of the manufacturing process, including wafer fabrication, assembly, testing and packaging.
The Group utilizes industry-leading suppliers, such as Taiwan Semiconductor Manufacturing Company Limited, to produce its semiconductor wafers. It then utilizes independent subcontractors, such as Advanced Semiconductor Engineering, Inc., JSI Logistics Ltd., King Yuan Electronics Co., Ltd., Siliconware Precision Industries Company Ltd. and STATS ChipPAC Incorporated to perform assembly, testing and packaging of most of its products. It purchases substrates from Nanya Technology Corporation, IbidenCo., Ltd. and Unimicron Technology Corporation.
The Group typically receives semiconductor products from its subcontractors, perform incoming quality assurance and then ship the semiconductors to CEMs, distributors, motherboard and AIB customers from its third-party warehouse in Hong Kong.
As of 26th January, 2014, The Group had 8,808 employees.
The revenue of the subject in FY2013 amounted to US$3,635.8 million (2012: US$3,357.3 million), net income for the year was US$4.3 million (2012: US$3.8 million). Business was profitable.
The subject is fully supported by the Group. History in Hong Kong is over ten years and seven months.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.45 |
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|
1 |
Rs.99.45 |
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Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
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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.