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Report No. : |
327987 |
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Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
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Name : |
DATACOLOR ASIA PACIFIC (HK) LTD. |
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Registered Office : |
Flat 11, 9/F., Wing On Plaza, 62 Mody Road, Tsimshatsui East, Kowloon |
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Country : |
Hongkong |
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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 : |
Colour Technology
Trader of all kinds of Colour Related Equipment and Products. |
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No. of Employees : |
14 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
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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.
Issued Share Capital: HK$10,000.00
Business Category: Colour
Technology Trader.
Net Sales of Group:
US$69,989,000 (Year ended 30-09-2014)
Employees: 14.
Main Dealing Banker: Standard
Chartered Bank Hong Kong Ltd., Hong Kong.
Banking Relation: Good.
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 Gestao de Solucoes em Cores e Imagens Ltda.,
Brazil.
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.
Mediacol s.r.l., Italy.
32373598
0784723
Managing Director:
Mr. Lam Wai Chung
HK$10,000.00
(As per registry
dated 30-01-2015)
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Name |
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No. of shares |
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Datacolor Holding AG Waldstaetterstrasse 12, 6003 Luzern, Switzerland. |
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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 30-01-2015)
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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. |
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LAM Wai Chung |
House 19, 4th Street, Section J, Fairview Park,
Yuen Long, New Territories, Hong Kong. |
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Mark Oliver LEUCHTMANN |
Bergstrasse 105, 8706 Meilen, Switzerland. |
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Helen H JEN |
7 Cottage Lane, Marlboro, NJ 07746, U.S.A. |
(As per registry
dated 30-01-2015)
|
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, etc.
Employees: 14.
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$69,989,000 (Year ended 30-09-2014)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
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$4,100,000 (Year ended 30-09-2014)
Profit or Loss: Operation
is profitable.
Condition: Business is normal and
steady.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitment as
contracted.
Commercial Morality:
Good.
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.
For the year ended
30th September, 2014, the net sales of the Group amounted to US$70.0 million
(2013: US$61.2 million).
The result was
impacted by the strategic investments made to achieve the growth targets. EBITDA came to US$6.5 million (2013: US$6.8
million), EBIT to US$4.4 million (2013: US$5.2 million) and net income to
US$4.1 million (2013: US$4.5 million).
The substantial
contribution made by all regions to the significant growth in sales was largely
driven by the consistent implementation of Datacolor’s growth strategy, and by
the positive investment climate. The
expansion of the direct sales and service organization accelerated this
encouraging development, especially in China, Turkey and Brazil. In fiscal 2013 / 14, the North and South
America region accounted for 31.5% of sales (31.0%), the Asia-Pacific region
for 33.3% (32.9%), and Europe for 35.2% (36.1%).
The Sales Director of
the Asia Pacific Region of Datacolor is Mr. Lam Wai Chung. He joined in the subject on 10th October,
2013.
The subject is fully
supported by the Group.
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.63.51 |
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1 |
Rs.100.94 |
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Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
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Analysis Done by
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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.