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Report No. : |
307014 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
O.S. ELECTRONICS (H.K.) LTD. |
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Registered Office : |
Unit 1808-9, 18/F., |
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Country : |
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Date of Incorporation : |
30.11.1993 |
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Com. Reg. No.: |
17645643 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronics Devices, Semiconductors and Batteries, |
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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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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.
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Source
: CIA |
O.S. ELECTRONICS (H.K.) LTD.
ADDRESS: Unit
1808-9, 18/F., 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong.
PHONE: 852-2741
2218
FAX: 852-2786
5733
Managing
Director: Mr. Naoki Narita
Incorporated on : 30th November, 1993.
Organization : Private Limited Company.
Issued Share Capital : US$300,000.00
Business Category : Importer, Exporter and Wholesaler.
Annual Turnover of Parent : ¥35,000 to ¥40,000 million.
Employees : 15.
Main Dealing Banker : Sumitomo Mitsui Banking Corporation, Hong Kong.
Banking Relation : Satisfactory.
Registered Head Office:-
Unit 1808-9,
18/F., 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong.
Holding Company:-
O.S. Electronics
Co. Ltd., Japan.
Associated Companies:-
O.S. Electronics
(Shenzhen) Ltd., China.
O.S. Semiconductor
Co. Ltd., Taiwan.
OS Electronics (S)
Pte. Ltd. India Liaison Office, India.
OS Electronics (S)
Pte. Ltd., Singapore.
17645643
0455506
Managing
Director: Mr. Naoki Narita
US$300,000.00
(As per registry dated 30-11-2014)
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Name |
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No.
of shares |
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O.S. Electronics Co. Ltd. 3-16-8,
Sotokanda Chiyoda-ku, Tokyo, Japan. |
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3,000 ==== |
(As per registry dated 30-11-2014)
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Name (Nationality) |
Address |
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Hideaki IKEDA |
1-20-53 Higashi Sendai Miyagino-ku, Sendai
City, Miyagi-Ken, Japan. |
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Naoki NARITA |
1-68 Jiyugaoka Chikusake, Nagoyashi,
Aichi, Japan. |
(As per registry
dated 30-11-2014)
|
Name |
Address |
Co.
No. |
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Tricor
Strath Ltd. |
Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong. |
0004873 |
The
subject was incorporated on 30th November, 1993 as a private limited liability
company under the Hong Kong Companies Ordinance.
The
subject’s Chinese name was formally registered on 14th April, 2004.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Electronics
devices, semiconductors and batteries.
Employees: 15.
Commodities
Imported: Japan
Markets: China, Taiwan,
Southeast Asia, India
Annual Turnover of
Parent: ¥35,000 to ¥40,000 million.
Terms/Sales: As
per contracted.
Terms/Buying: Various
terms.
Sanyo Electric
Sanyo Semiconductors
FDK Corp.
Sun Electronic Ind.
Diamond Electric
Tocad Energy Co.
Issued Share Capital: US$300,000.00
Profit or Loss: Traded at a
small profitable angle.
Condition:
Keeping in a satisfactory manner.
Facilities: Is making
use of general banking facilities.
Payment:
Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: Sumitomo Mitsui Banking Corporation, Hong
Kong.
Standing:
Very Good.
O.S.
Electronics (H.K.) Ltd. is wholly-owned by O.S. Electronics Co. Ltd. [OSE]
which is a Japan-based company.
Incorporated in November 1993, the subject is the agent of the following companies and trading in the following products:-
·
Panasonic
Corporation
Automotive & Industrial Systems Company
(POSCAP/OS-CON)
Portable Rechargeable Battery Business Group
Automotive & Industrial Systems Company of Panasonic Group
(Lithium Ion Batteries/Nickel Cadmium Batteries/Chargers)
· SANYO Electric Co. Ltd.
Automotive & Industrial Systems Sector
(Lithium Ion Batteries/Nickel Cadmium Batteries/Chargers
·
Panasonic
Eco Solutions Amorton Co. Ltd.
(Amorphous Si Solar Cells)
·
ON
Semiconductor
Semiconductors (Applications for Automotive/Medical/LED Lighting/Consumer/Power Supply)
·
FDK
Corporation
(Ni-MH Batteries/Lithium Batteries/Electronic Components)
·
SUN Electronic
Industries Corporation
(Capacitors/Switching Power Supplies)
·
Tyco Electronics
Japan G.K.
(Poly Switches/Chip Fuses)
·
Heat-Sink & Os
Co. Ltd.
(Various Heat Sinks)
OSE
was established originally for manufacturing radio, TV and telecommunications
devices. In April 1965 became the distributor
for Semiconductor Business Division of Tokyo Sanyo Electric Co. Ltd. OSE is a trading firm specialized in
importing, exporting and wholesaling electronic devices, semiconductors,
batteries
The
subject’s products are marketed in Hong Kong, China and exported to Taiwan,
Southeast Asia, India, Business is rather active.
The
subject has set up an office in Shanghai, China. Established in 1993 and with a registered
capital of US$300,000.00, the Shanghai company is trading in the products of
Sanyo chiefly.
The
subject’s associated company in Shenzhen O.S. Electronics (Shenzhen) Ltd. has
got satisfactory business results in recent years.
The
sales volume of OSE for March 2013 fiscal term amounted to ¥38,300 million, a
3.0% up from ¥37,200 million in the previous term.
According
to OSE, in FY 2013, 49% of its products were semiconductor, 21% were Panasonic
AIS Battery, 13% were Panasonic AIS Devices and 17% other products. Currently, OSE has 205 employees in Japan.
The
subject is chiefly supported by OSE.
History in Hong Kong is over 21 years.
On
the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 61.73 |
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1 |
Rs. 94.65 |
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Euro |
1 |
Rs. 70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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.