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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
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Name : |
CAMTEK H.K. LTD. |
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Registered Office : |
Unit 3102, 31/F., Hopewell Centre, 183 Queen’s Road East, Wanchai |
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Country : |
Hongkong |
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Date of Incorporation : |
27.02.1998 |
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Com. Reg. No.: |
21617826 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter
and Wholesaler of Printed Circuit Board (PCB) and IC Substrates. |
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No. of Employees : |
8 |
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) |
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Hongkong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
HONGKONG - ECONOMIC OVERVIEW
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Source
: CIA |
CAMTEK H.K. LTD.
ADDRESS: Unit
3102, 31/F., Hopewell Centre, 183 Queen’s Road East, Wanchai,
(Formerly located at: Unit 4404, 44/F., Hopewell Centre, 183 Queen’s Road East,
Wanchai,
PHONE: 852-2632 7645
FAX: 852-2632 7340
Managing Director: Mr. Rafi Amit
Incorporated on: 27th February, 1998.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Group Turnover: US$85,405,000 (Year ended 31-12-2013)
Employees: 8.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 4404, 44/F., Hopewell Centre, 183 Queen’s Road East,
Wanchai,
Holding Company:-
Camtek Ltd.,
Ultimate Holding
Company:-
Priortech Ltd.,
Associated
Companies:-
Camtek (Europe) NV.,
Camtek Electronic Technologies (
Camtek Imaging Technology (
Camtek Japan Ltd.,
Camtek Korea Ltd.,
Camtek South
Camtek Taiwan Ltd.,
Camtek USA Inc., US.
Penta-I Ltd.,
SELA - Semiconductor Engineering Laboratories Ltd.,
Sela Semiconductor Engineering Laboratories Inc., US.
21617826
0637633
Managing Director: Mr. Rafi Amit
Sales Contact: Mr. Aharon Sela
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of HK$10.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 27-02-2014)
|
Name |
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No. of shares |
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Camtek Ltd. South Industrial Zone, |
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999 |
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Priortech Ltd. South Industrial Zone, |
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1 |
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––––– |
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Total: |
1,000 ==== |
(As per registry
dated 27-02-2014)
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Name (Nationality) |
Address |
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Aharon SELA |
Gilon, D.N. |
|
Rafi AMIT |
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(As per registry
dated 27-02-2014)
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Name |
Address |
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VCC Secretaries Ltd. |
Unit 5702, 57/F., Cheung Kong Centre, 2 Queen’s Road
Central, |
0163831 |
The subject was incorporated on 27th February, 1998 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 4404, 44/F.,
Hopewell Centre, 183 Queen’s Road East, Wanchai,
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Printed Circuit Board (PCB) and IC Substrates
Employees: 8.
Commodities Imported: US,
Markets: Asian
countries,
Group Turnover: US$ 53,521,000 (Year ended 31-12-2009)
US$ 87,780,000 (Year ended 31-12-2010)
US$107,028,000 (Year ended 31-12-2011)
US$ 84,547,000 (Year ended 31-12-2012)
US$ 85,405,000 (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$10,000.00 (Divided into 1,000 shares of HK$10.00 each)
Issued Share Capital: HK$10,000.00
Mortgage or Charge: (See attachment)
Group Net Income/(Loss):(US$11,842,000) (Year ended 31-12-2009)
US$ 2,816,000 (Year ended 31-12-2010)
US$ 5,378,000 (Year ended 31-12-2011)
US$ 3,000 (Year ended 31-12-2012)
US$ 7,000 (Year ended 31-12-2013)
Group Profit or Loss: Made a very small profit in 2012 & 2013.
Condition: Keeping in a normal manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai
Banking Corp. Ltd.,
Citibank, N.A.,
Standing: Satisfactory.
Camtek H.K. Ltd. is a wholly-owned subsidiary of Camtek Ltd. [Camtek] which is an Israel-based firm.
The subject is a key member of Camtek Group. Camtek is a listed firm in the
Camtek provides automated solutions dedicated for enhancing production processes and yield in two industries: Semiconductor Fabrication and Packaging, Printed Circuit Board (PCB) and IC Substrates.
Camtek addresses the specific needs of these interconnected industries with dedicated solutions based on an advanced platform of technologies including intelligent imaging, image processing, sample preparation and digital material deposition. Camtek’s solutions range from micro-to-nano by applying its technologies to the industry-specific requirements.
Camtek’s innovations have made it a technological leader. It has sold more than 2,800 AOI systems in 34 countries around the world, winning significant market share in all its served markets. Camtek’s customer base includes the majority of the largest PCB manufacturers worldwide, as well as leading semiconductor manufacturers and subcontractors.
Camtek is part of a group of companies engaged in various aspects of electronic packaging including advanced substrates based on thin film technology.
Organized in eight subsidiaries in the United States, Europe, Japan, China, Hong Kong, Taiwan, South Korea and Singapore, Camtek provides local service, spare parts, training, demo and sales services to its customers wherever they are located.
Camtek has been a public company since July 2000. Its ordinary shares are dual listed on the
Nasdaq Global Market of the
Its headquarters are located in
Camtek provides automated and technologically advanced solutions dedicated to enhancing production processes and increasing yields, enabling and supporting customers’ latest technologies in the semiconductor fabrication and packaging industry as well as the printed circuit board and the integrated circuit substrate industries.
Camtek addresses the specific needs of these interconnected industries with dedicated solutions based on a diverse platform of advanced technologies including intelligent imaging, image processing and digital material deposition [DMD]. Camtek’s solutions range from micro-to-nano by applying its technologies to the industries' specific requirements.
Its customer base includes the majority of the largest
printed circuit board manufacturers worldwide and 23 semiconductor
manufacturers, among them outsourced semiconductor assembly and test (OSAT),
integrated device manufacturers (IDM) and wafer level packaging
subcontractors. Its customers, many of
whom have multiple facilities, are located in 32 countries throughout Asia,
Europe and
The total revenues of Camtek in 2013 amounted to US$85.4 million (2012: US$84.5 million).
In 2013 Camtek recorded net income of US$7,000 after recording net income of US$3,000, US$5.4 million and US$2.8 million in 2012, 2011and 2010, respectively. Despite having had net income in 2013, 2012, 2011 and 2010, we incurred a net loss of US$11.8 million in 2009 and net losses in certain prior years. The Group may not be able to achieve or increase profitability on a quarterly or annual basis. The failure to generate consistent profitability could have a material adverse effect on the market price of its shares.
In 2013 its operations provided US$4.7 million in cash. In 2012 and 2011 its operations respectively provided US$4.0 million and US$9.8 million in cash. On December 31, 2013, it had cash and cash equivalents of US$16.5 million, in addition to which it had US$6 million in short-term deposits. It may use cash in its operations during 2014 for working capital and investment activities and may continue to incur significant additional legal expenses and other costs associated with certain patent infringement actions all of which may reduce its available cash resources and harm its operations.
For the year ended 2013, the Group had 480 employees.
The subject is fully supported by Camtek. History in
On the whole, consider the subject good for normal business engagements.
|
Date |
Particulars |
Amount |
|
10-11-2008 |
Instrument: Security Over Deposits with the Bank
Limited Company - Under Seal Property: Initially
HK$700,000 or equivalent & all monies whether now or hereafter standing
to the credit of the company’s deposit with the Bank under deposit No. 400-167193
and whatever currency it may subsequently be denominated in, any renewal of
such deposit & the interest thereon together with any further moneys in
any deposit account with the Bank at any of its offices Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
To secure all monies in respect of banking facilities owing at any
time plus interest and all expenses |
|
07-06-2010 |
Instrument: Deposit Deed Property: By way of a first
fixed charge and as continuing security for the Obligations, the company
charges and assigns absolutely all its rights, title to and interest in the
accounts and all deposits from time to time in the account and comprising the
accounts maintained with Citibank, N.A., Hong Kong Branch and Citibank
(Hong Kong) Ltd. Mortgagee: Citibank N.A., Hong Kong Branch. |
All moneys now or at any time in the future owing by the Company |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.03 |
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1 |
Rs.99.99 |
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Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.