MIRA INFORM REPORT
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Report No. : |
320120 |
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Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENERCON CAPACITOR COMPANY LIMITED |
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Registered Office : |
Workshop No. 15, 12F, Block A, Hi-tech Industrial Centre, No. 5-21 Pak Tin Par St., Tsuen Wan, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.12.2004 |
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Com. Reg. No.: |
942016 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sale of electrolytic capacitor |
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No of Employees : |
About 2,000 Employees (Group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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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) |
|
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 |
|
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 40.7 million in 2013, 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 48.5% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9% 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. As of year-end 2014, the Democracy protests that began in late September probably will have some adverse effects on economic growth, particularly retail sales.
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Source
: CIA |
Contact
Points
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Company Name (in Chinese): |
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Company Name (in English): |
Enercon Capacitor Company Limited |
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Supplied Name: |
ENERCON CAPACITOR CO LTD |
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Trading Address: |
No. 15, 12F, Block A, Hi-tech Industrial
Centre, No. 5-21 Pak Tin Par St., Tsuen Wan, New Territories, Hong Kong |
|
Supplied Address: |
RM 03, 10 FLOOR, KWONG SANG HING CENTRE, NO 151-153 HOI BUN ROAD, KWUN
TONG, KOWLOON HONGKONG, |
Note: The exact name and address are as above. It
is introduced that the supplied address is subject’s former address.
Credit
Summary
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered Address: |
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Telephone Number: |
+852-8120-9992 |
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Fax Number: |
+852-8120-5885 |
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Date of Registration: |
2004-12-24 |
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Registered Number: |
942016 |
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Business Registration No.: |
3521660 |
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Paid-up Capital: |
HKD 10 (USD 1.29) = 10 Shares@ HKD 1 (As of 2015.05, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
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SITC Code: |
77861--Fixed Capacitors, Not Less Than 0.5
Kvar (Power Capacitors) (Th) |
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Principal Activities: |
Manufacturing and sale of electrolytic
capacitor, etc. |
|
Staff: |
About 2,000 Employees (Group) |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-12-24 |
History
Subject was incorporated on 2004-12-24 with the registered number 942016 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Effective Date |
Name |
|
2006-7-14 |
Enercon Capacitor Company Limited |
|
華威電容有限公司 |
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|
2004-12-24 |
Create Asahi Limited |
|
朝日創見有限公司 |
Transfer of Shares:
|
2014-8-26 |
||
|
Transferred From |
No. of Shares Transferred |
Transferred To |
|
Ji Ling |
1 |
Ma Wai Yee, Vivian |
Corporate
Structure
Group Offices
|
1 |
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|
Name: |
Shenzhen Office |
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Address: |
1/F, Turbo Logistics Center, No.6 Shihua
Road, Shenzhen, Futian Free Trade Zone, Shenzhen, China |
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Telephone Number: |
+86-755-8386-2780 |
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Fax Number: |
+86-755-8386-2770 |
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2 |
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Name: |
Taiwan Office |
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Address: |
3/F, No.48 Wu Chuan RD, Hsin Chuang City,
Taipei, Taiwan |
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Telephone Number: |
+886-2-2298-9659 |
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Fax Number: |
+886-2-2298-0253 |
Related Company
|
Name: |
Changzhou Huawei Electronics Co., Ltd |
|
Address: |
Zouqu Town, Changzhou City, Jiangsu
Province, China |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Ho Wai Shing |
4 |
40% |
|
Ma Wai Yee, Vivian |
1 |
10% |
|
Guan Zhilong |
5 |
50% |
|
Total |
10 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Ho Wai Shing |
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Address: |
Rm. C, 40F, Tower 5, Bellagio, 33 Castle
Peak Rd., Sham Tseng, New Territories, Hong Kong |
|
2 |
|
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Name: |
Ma Wai Yee, Vivian |
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Address: |
Rm. C, 40F, Tower 5, Bellagio, 33 Castle
Peak Rd., Sham Tseng, New Territories, Hong Kong |
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3 |
|
|
Name: |
Guan Zhilong |
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Address: |
Rm. 1102, Baohureside Garden, Park Rd., Bao
An Dist., No. 22, Shenzhen City, Guangdong Province, China |
Management
Information
Core
Management
Detailed Information
of Directors:
|
1 |
|
|
Name: |
Ma Wai Yee, Vivian |
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Address: |
Rm. C, 40F, Tower 5, Bellagio, 33 Castle
Peak Rd., Sham Tseng, New Territories, Hong Kong |
|
Position: |
Director |
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ID Number: |
C547479(3) |
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2 |
|
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Name: |
Guan Zhilong |
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Address: |
Rm. 1102, Baohureside Garden, Park Rd., Bao
An Dist., No. 22, Shenzhen City, Guangdong Province, China |
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Position: |
Director |
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Passport Number: |
G13491033 |
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Issuing Country: |
China |
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3 |
|
|
Name: |
Ho Wai Shing |
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Address: |
Rm. C, 40F, Tower 5, Bellagio, 33 Castle
Peak Rd., Sham Tseng, New Territories, Hong Kong |
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Position: |
Director |
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ID Number: |
G184671(9) |
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4 |
|
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Name: |
Mega Secretarial Limited |
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Address: |
Rm. 701-3, 7F, Kai Tak Commercial Building, 317-319
Des Voeux Rd. Central, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
798825 |
Personnel Structure
|
Total Employees |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
No. 15, 12F, Block A, Hi-tech Industrial
Centre, No. 5-21 Pak Tin Par St., Tsuen Wan, New Territories, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop No.15 On 12/F Of Block A Hi-Tech
Industrial Centre Nos.5-21 Pak Tin Par Street Tsuen Wan New Territories |
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Owners: |
Ma Wai Yee Vivian |
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Memorial Number: |
13030602750071 ASSIGNMENT |
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Date of Instrument: |
2013-2-8 |
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Date of Registration: |
2013-3-6 |
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Consideration Value: |
HKD 3,080,000.00 |
History
of Premises Owners’
|
1 |
|
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Memorial No.: |
13030602750094 |
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Date of Instrument: |
2013-2-8 |
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Date of Registration: |
2013-3-6 |
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Nature: |
Rental Assignment |
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In Favor of: |
Fubon Bank (Hong Kong) Limited |
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Consideration: |
-- |
|
2 |
|
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Memorial No.: |
13030602750083 |
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Date of Instrument: |
2013-2-8 |
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Date of Registration: |
2013-3-6 |
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Nature: |
Legal Charge |
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In Favor of: |
Fubon Bank (Hong Kong) Limited |
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Consideration: |
All Moneys |
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3 |
|
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Memorial No.: |
13010302670266 |
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Date of Instrument: |
2012-12-19 |
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Date of Registration: |
2013-1-3 |
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Nature: |
Agreement For Sub-Sale And Purchase |
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In Favor of: |
Ma Wai Yee Vivian |
|
Consideration: |
HKD 3,080,000.00 |
Production
Information
l Subject is engaged in manufacturing of electrolytic capacitors, etc.
l It is introduced that subject has factories in Changzhou City and
Shenzhen City of the Mainland of China for production.
l It is introduced that subject’s factory has obtained the certification of
ISO 9001 and ISO14001.
Purchase
Information
l It is introduced that the raw materials and components for production are
mainly purchased in the Mainland of China.
Sales
Information
l Subject is mainly engaged in sale of electrolytic capacitors, etc.
l The major products sold by the subject include aluminum electrolytic
capacitors and conductive polymer solid electrolytic capacitors, etc.
l Subject’s major sales regions include domestic market and abroad.
l The major customers of the subject are manufacturers of electronic
products.
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Raw materials and components |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little import.
Sales
1.
Domestic Markets
|
Product |
Electrolytic capacitors, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Electrolytic capacitors, etc. |
|
Selling Terms |
L/C, T/T, etc. |
Financial
Information
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Public
Mortgage
Record
No mortgage record of the subject was found.
Lawsuits
Up to now, no present or latent litigation of the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Special
Note
Interview Details
|
Name |
Ms. Huang |
|
Department: |
Sales Department |
Industry
Information
77861--Fixed Capacitors, Not Less Than 0.5 Kvar (Power Capacitors) (Th)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Germany |
4 |
301 |
16 |
534 |
|
Spain |
1 |
28 |
6 |
85 |
|
6 |
22 |
8 |
29 |
|
|
Japan |
164 |
827 |
735 |
3,638 |
|
Malaysia |
13 |
185 |
50 |
600 |
|
Singapore |
2 |
11 |
29 |
314 |
|
Taiwan |
5 |
73 |
19 |
183 |
|
USA |
119 |
1,015 |
343 |
2,352 |
|
The Mainland of China |
1 |
33 |
11 |
259 |
|
Exports |
||||
|
Canada |
-- |
-- |
1 |
1 |
|
India |
-- |
-- |
7 |
20 |
|
-- |
-- |
2 |
19 |
|
|
Malaysia |
4 |
23 |
5 |
27 |
|
The Mainland of China |
127 |
2,900 |
601 |
9,031 |
External Trade
Information:
External Merchandise
Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
We visited the following supplied address, and found the subject on it by confirming with the relevant staff, but the guard of the building did not let us take photos in the building. The following information is for your reference.
Address: No. 15, 12F, Block A, Hi-tech Industrial Centre, No. 5-21 Pak Tin Par St., Tsuen Wan, New Territories, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
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 |
|
<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.