|
Report No. : |
345128 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUMILEDS HONG KONG CO. LTD. |
|
|
|
|
Registered Office : |
Room 231-233, Core Building
2, 1 Science Park West Avenue, Hong Kong Science Park, Shatin, New
Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
15.03.2013 |
|
|
|
|
Com. Reg. No.: |
61119498 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, exporter and wholesaler of all kinds of
lighting products. |
|
|
|
|
No. of Employees : |
113,678. (Group Employees)H (As at 31-12-2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 12.5% 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.
|
Source
: CIA |
Your ‘5/F., Core Building 2, 1 Science Park West Avenue,
Hong Kong Science Park, Shatin, New Territories, Hong Kong’ is the
operating office of Philips Electronics Hong Kong Ltd. which is an
associated company of the subject.
LUMILEDS HONG
KONG CO. LTD.
ADDRESS: Room 231-233, Core Building 2, 1 Science
Park West Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong.
MANAGEMENT:
Managing Director:
Mr. Tse Man Fung, Alvin
Incorporated on: 15th March, 2013.
Organization: Private Limited Company.
Issued Share Capital: HK$4,000,000.00
Business Category: Importer,
Exporter and Wholesaler.
Group Sales: €21,391 million (Year ended 31-12-2014)
Group Employees: 113,678.
(As at 31-12-2014)
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Very Good.
Registered Head Office:-
Room 231-233, Core Building 2, 1 Science Park West
Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong.
Showroom:-
1) 27/F. -
29/F., Hopewell Centre, 17 Kennedy Road, Wanchai, Hong Kong.
2) G/F.,
Philips Electronics Building, 5 Science Park East Avenue, Shatin, New
Territories, Hong Kong.
[Tel: 852-2830
6183
Fax: 852-2895
0303
E-mail: keith.leung@philips.com]
R&D Centre:-
5/F., Philips Electronics Building, 5 Science Park East
Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong.
[Tel: 852-2489 3000;
Fax: 852-2418 6033]
Holding Company:
Koninklijke Philips N.V., The Netherlands.
[Also known as Royal Philips N.V.]
Associated/Affiliated Companies:-
Philips Group of Companies
370 West Trimble Road Corporation, US.
3E International S.A.S., France.
7291612 Canada Inc., Canada.
7291621 Canada Inc., Canada.
7291647 Canada Inc., Canada.
Advanced Technology Laboratories Argentina S.A.,
Argentina.
Alkrode B.V., Netherlands.
AllParts Medical LLC, US.
Altilon de Mexico S.A. de C.V., Mexico.
American Color & Chemical L.L.C., US.
AP-CTR Corp., US.
Argus Imaging B.V., Netherlands.
Assembléon Philippines Inc., Philippines.
ATL International LLC, US.
ATL Ultrasound Inc., US.
Avent Finance Ltd., UK.
Avent Group Ltd., UK.
Avent Holdings Ltd., UK.
Avent Ltd., UK.
B.V. Bewaarder Professor Holstlaan, Netherlands.
B.V. Woningbouw Exenkaf, Netherlands.
Carex Lighting Equipment (Dongguan) Co. Ltd., China.
Children’s Medical Ventures, LLC
CIV Comercio e Importacao Vitoria Ltda.,Brazil.
Clearwater Merger Sub Inc., US.
Compagnie Française Philips, France.
Consort Investments B.V., Netherlands.
CT Resources LLC, US.
Dameca A/S, Denmark.
Discus Dental Australia.Pty. Ltd., Australia.
Discus Dental Austria GmbH, Austria.
Discus Dental Belgium, Belgium.
Discus Dental Brasil Comercio de Produtos Odontologicos
LTDA., Brazil.
Discus Dental Canada LLC, US.
Discus Dental Europe B.V., Netherlands.
Discus Dental LLC, US.
Discus Dental New Zealand, New Zealand.
Discus Holdings Inc., US.
Discus International LLC, US.
Dixtal Biomédica Indústria e Comércio Ltda., Brazil.
Dixtal Medical Inc., US.
Dixtal Tecnologia Indústria e Comércio Ltda., Brazil.
Dynalite Europe Ltd., UK.
Dynalite Intelligent Light Pty. Ltd., Australia.
EBT Technology Inc., Taiwan.
Electrologica B.V., Netherlands.
Elfe S.p.A., Italy.
Emergences Medicales et Technologies, France.
Exenkaf Holding B.V., Netherlands.
Fábrica Austral de Productos Eléctricos Sociedad Anónima,
Argentina.
Framas Lightings Ltd., Hong Kong.
Gaggia S.p.A., Italy.
General Lighting Co., Egypt.
Genlyte Holding C B.V., Netherlands.
Genlyte Holding Canada B.V., Netherlands.
Genlyte Thomas Group LLC, US.
GLC South Africa (Pty) Ltd., South Africa.
GT Mexican Holding Corp., Panama.
GTG Holding Inc.,US.
Helfont Participacoes Ltda., Brazil.
Hilvarenbeek Training Services B.V., Netherlands.
Home Control Singapore Pte. Ltd., Singapore.
Ilti Luce S.r.l., Italy.
Imel AG, Switzerland.
Inara Co. Ltd., Saudi Arabia.
Inara Trading & Import Co., Egypt.
Inara Trading Co. (L.L.C), UAE.
Inbraphil-Indústrias Brasileiras Philips Ltda., Brazil.
Indal Corporación de Negocios S.L.U., Spain.
Industria Technische Verlichting B.V., Netherlands.
Industrias Derivadas del Aluminio S.L., Spain.
Industrias Venezolanas Philips S.A., Venezuela.
Industriegrundstücks-Verwaltungsgesellschaft m.b.H.,
Austria.
Industriële Ontwikkelings-Maatschappij B.V., Netherlands.
Inmobiliaria Philips Chilena Ltda., Chiel.
Invivo Corporation, US.
Invivo Supply ULC, Canada.
Invivo UK Ltd., UK.
ITV Canada Corp., Canada.
JJI Lighting Group GmbH Europe, Germany.
Larestine Ireland Ltd., Ireland.
Latin-American Holdings Corporation, Canada.
Lifeline Systems Co., US.
Lifeline Systems Holding B.V., Netherlands.
Lifeline Systems Inc., US.
Lighting Group PLI Holding, Belgium.
Lighting.Com. Inc., US.
Lightolier de Mexico S.A. de C.V., Mexico.
Ljusgruppen Aktiebolag, Sweden.
Luceplan A/S, Denmark.
Luceplan GmbH, Germany.
Luceplan S.p.A, Italy.
Luceplan USA Inc., US.
Lumileds (Thailand) Co. Ltd., Thailand.
Lumileds Argentina S.A., Argentina.
Lumileds Commercial (Shanghai) Co. Ltd., China.
Lumileds Commercial Canada Inc.,Canada.
Lumileds Eurasia Ltd. Liability Co., Russian Federation.
Lumileds Germany GmbH, Germany.
Lumileds Holding B.V., Netherlands.
Lumileds India Private Ltd., India.
Lumileds International B.V., Netherlands.
Lumileds Italy Srl., Italy.
Lumileds Japan G.K., Japan.
Lumileds Korea Ltd., Korea.
Lumileds Luxeon de Iberia S.L., Spain.
Lumileds Singapore Pte. Ltd., Singapore.
Lumileds Sweden AB, Sweden.
Lumileds Taiwan Co. Ltd., Taiwan.
Lumisistemas de México S.A. de C.V., Mexico.
Manufacturers Services Poland Sp.z.o.o., Poland.
Massive Asia Pacific Ltd., Hong Kong.
Massive Holding UK Ltd., UK.
Matevu Import Export B.V., Netherlands.
Melhk Ltd, Hong Kong.
Melmedical Co. Ltd., China.
Modular Lighting France, France.
Modular Lighting Nederland B.V., Netherlands.
Modular Lighting Switzerland AG, Switzerland.
MRI Devices Corporation, US.
Mullard Ltd., UK.
Nardeen Lighting Co. Ltd., Saudi Arabia.
NavPart II B.V., Netherlands.
NCW (Holdings) Ltd., Hong Kong.
Noble Europe B.V., Netherlands.
Nolam 27 SAS, France.
OOO Philips and Optogan LED Road Lighting Solutions,
Russian Federation.
P.T. Philips Industries Batam, Indonesia.
Pegaso S.r.l., Italy.
Phil Lighting Ltd. Company, Saudi Arabia.
Philips (B) Sdn. Bhd., Brunei Barussalam.
Philips (China) Investment Co. Ltd., China.
Philips Accounting Services Ltd., Ireland.
Philips Advanced Metrology Systems Inc., US.
Philips Africa (Proprietary) Ltd., South Africa.
Philips AG, Switzerland.
Philips Aktiebolag, Sweden.
Philips and Optogan LED Road Lighting Solutions B.V.,
Netherlands.
Philips Appliances Ltd., Canada.
Philips Argentina Sociedad Anónima, Argentina.
Philips Austria GmbH, Austria.
Philips Automotive Lighting Hubei Co. Ltd., China.
Philips Baltic SIA, Latvia.
Philips Belgium, Belgium.
Philips Bulgaria EOOD, Bulgaria.
Philips Canada Ltd., Canada.
Philips Capital N.V., Netherlands.
Philips Caribbean Panamá Inc., Panama.
Philips Ceská republika s.r.o., Czech Republic.
Philips Chilena S.A., Chile.
Philips Clinical Informatics-Sistemas de Informação
Ltda., Brazil.
Philips Colombiana S.A.S., Colombia.
Philips Components B.V., Netherlands.
Philips Composites LLC, US.
Philips Consumer Communications B.V., Netherlands.
Philips Consumer Electronics Export B.V., Netherlands.
Philips Consumer Lifestyle B.V., Netherlands.
Philips Consumer Lifestyle International B.V., Netherlands.
Philips Consumer Lighting (Ningbo) Co. Ltd., China.
Philips Consumer Luminaires (Shenzhen) Co. Ltd., China
Philips Consumer Luminaires Manufacturing (Shenzhen) Co.
Ltd., China.
Philips Consumer Luminaires Sweden AB, Sweden.
Philips Consumer Luminaires UK Ltd., UK.
Philips Consumer Products, Belgium.
Philips Consumer Relations B.V., Netherlands.
Philips d.o.o., Croatia.
Philips Danmark A/S, Denmark.
Philips DAP Suzhou Holding B.V., Netherlands.
Philips DAP Zhuhai Holding B.V., Netherlands.
Philips Digital Mammography Sweden AB, Sweden.
Philips Digital Video Systems (Breda) B.V., Netherlands.
Philips do Brasil Ltda., Brazil.
Philips Domestic Appliances and Personal Care Company of
Zhuhai SEZ Ltd., China.
Philips Dominicana S.R.L., Dominican Republic.
Philips doo Beograd, Serbia.
Philips East Africa Ltd., Kenya.
Philips Egypt, Egypt.
Philips Electronic Equipment Ltd., Canada.
Philips Electronics (Israel) Ltd., Israel.
Philips Electronics (Shenzhen) Co. Ltd., China.
Philips Electronics (Suzhou) Co. Ltd., China.
Philips Electronics (Thailand) Ltd., Thailand.
Philips Electronics and Lighting Inc., Philippines.
Philips Electronics Australia Ltd., Australia.
Philips Electronics Bangladesh Private Ltd., Bangladesh.
Philips Electronics China B.V., Netherlands.
Philips Electronics Hong Kong Ltd., Hong Kong.
Philips Electronics Ireland Ltd., Ireland.
Philips Electronics Japan Ltd., Japan.
Philips Electronics Ltd., Canada.
Philips Electronics Middle East & Africa B.V.,
Netherlands.
Philips Electronics Nederland B.V., Netherlands.
Philips Electronics North America Corporation, US.
Philips Electronics Realty LLC, US.
Philips Electronics Representative Offices B.V.,
Netherlands.
Philips Electronics Singapore Pte Ltd., Singapore.
Philips Electronics Technology (Shanghai) Co. Ltd.,
China.
Philips Electronics Technology Shanghai Holding B.V.,
Netherlands.
Philips Electronics Trading & Services (Shanghai) Co.
Ltd, China.
Philips Electronics UK Ltd., UK.
Philips Electronics Vietnam Ltd., Vietnam.
Philips Electronique Maroc, Morocco.
Philips Eletrônica do Nordeste Ltda., Brazil.
Philips Energy Saving Technology Services (Wuhan) Co.
Ltd., China.
Philips Entertainment Lighting Asia Ltd., Hong Kong.
Philips Export B.V., Netherlands.
Philips France, France.
Philips Georgia LLC, Georgia.
Philips Ghana Ltd., Ghana.
Philips GmbH., Germany.
Philips Goldway (Shenzhen) Industrial Inc., China.
Philips Healthcare (Suzhou) Co. Ltd., China.
Philips Healthcare Informatics Inc., US.
Philips Healthcare Informatics Ltd., UK.
Philips Healthcare Saudi Arabia Ltd., Saudi Arabia.
Philips Hengdian Lighting (HK) Holding Ltd., Hong Kong.
Philips High Tech Plastics B.V., Netherlands.
Philips Holding México S.A. de C.V., Mexico.
Philips Holding USA Inc., US.
Philips Home Control Belgium, Belgium.
Philips Ibérica S.A., Spain.
Philips Imaging Systems China Holding B.V., Netherlands.
Philips Indal S.L., Spain.
Philips India Ltd., India.
Philips Industries Hungary Electronical Mechanical
Manufacturing & Trading Ltd. Liability Co., Hungary.
Philips Innovations Nigeria Ltd., Nigeria.
Philips Innovative Applications, Belgium.
Philips International B.V., Netherlands.
Philips Investment Services B.V., Netherlands.
Philips Investment Services Luxembourg S.à.r.l.,
Luxembourg.
Philips IP Exchange Inc., US.
Philips IPSC Tamasi Kft., Hungary.
Philips Kazakhstan LLP, Kazakhstan.
Philips Korea Ltd., Korea.
Philips Lamps and Luminaires Ltd., UK.
Philips Lighting B.V., Netherlands.
Philips Lighting Bielsko Sp.z.o.o., Poland.
Philips Lighting Central America Sociedad Anonima de
Capital Variable, El Salvador.
Philips Lighting Ecudaor C.A., Ecuador.
Philips Lighting ElectroMagnetics S.A. de C.V., Mexico.
Philips Lighting Electronics (Xiamen) Co. Ltd., China.
Philips Lighting Electronics Co., US.
Philips Lighting Electronics México S.A. de C.V., Mexico.
Philips Lighting Electronics Shanghai Holding B.V.,
Netherlands.
Philips Lighting Holding B.V., Netherlands.
Philips Lighting Industry (China) Co. Ltd., China.
Philips Lighting Ltd., UK.
Philips Lighting Luminaires (Shanghai) Co. Ltd., China.
Philips Lighting Maseru Pty. Ltd., Lesotho.
Philips Lighting North America Corporation, US.
Philips Lighting Poland S.A., Poland.
Philips Lighting Poland Sp. z.o.o., Poland.
Philips Lighting Saudi Arabia JSC, Saudi Arabia.
Philips Lighting Solutions (Pty) Ltd., South Africa.
Philips LumiLeds Lighting Co. LLC, US.
Philips Lumileds Lighting Company (Holding) B.V.,
Netherlands.
Philips Lumileds Lighting Company B.V., Netherlands.
Philips LumiLeds Lighting Company Sdn. Bhd., Malaysia.
Philips Luminaires (Chengdu) Co. Ltd., China.
Philips Luminarias de México S.A. de C.V., Mexico.
Philips Luxembourg, Luxembourg.
Philips Magyarország Kereskedelmi Kft., Hungary.
Philips Malaysia Sdn. Berhad, Malaysia.
Philips Marketing et Services SARL, Tunisia.
Philips Medical Financial Services Inc., US.
Philips Medical Systems (Cleveland) Inc., US.
Philips Medical Systems (Proprietary) Ltd., South Africa.
Philips Medical Systems DMC GmbH., Germany.
Philips Medical Systems Export Inc., US.
Philips Medical Systems International B.V., Netherlands.
Philips Medical Systems Ltda., Brazil.
Philips Medical Systems MR Inc., US.
Philips Medical Systems Nederland B.V., Netherlands.
Philips Medical Systems Puerto Rico Inc., Puerto Rico
Philips Medical Systems Technologies Ltd., Israel.
Philips Medical Systems UK Ltd., UK.
Philips Medizin Systeme Böblingen GmbH., Germany.
Philips Medizin Systeme Hofheim-Wallau GmbH., Germany.
Philips Mexicana S.A. de C.V., Mexico.
Philips MPEG Inc., US.
Philips Nederland B.V., Netherlands.
Philips New Zealand Ltd., New Zealand.
Philips Norge AS, Norway.
Philips Optical Video Hong Kong Ltd., Hong Kong.
Philips Optical Video Singpaore Pte. Ltd., Singapore.
Philips Oral Healthcare Inc., US.
Philips Overseas Holdings Corporation, Canada.
Philips Oy, Finland.
Philips Pakistan Ltd., Pakistan.
Philips Participations B.V., Netherlands.
Philips Patient Monitoring Systems China Holding B.V.,
Netherlands.
Philips Peruana S.A., Peru.
Philips Polska Sp.z.o.o., Poland.
Philips Portuguesa S.A., Portugal.
Philips Project Management LLC, US.
Philips Properties, Belgium.
Philips Radio Communication Systems Ireland Ltd.,
Ireland.
Philips Real Estate Investment Management B.V.,
Netherlands.
Philips Real Estate Services Mexico S.A. de C.V., Mexico.
Philips Respironics GK, Japan.
Philips Romania S.R.L., Romania.
Philips Saeco Australia.Pty. Ltd., Australia.
Philips Saeco S.p.A., Itlay.
Philips SC Unterstützungskasse GmbH., Germany.
Philips SEM S.A., Panama.
Philips Semiconductor Manufacturing Inc., US.
Philips Semiconductors Inc., US.
Philips Slovakia s.r.o., Slovakia.
Philips Slovenija trgovina d.o.o., Slovenia.
Philips Societa per Azioni, Italy.
Philips South Africa (Proprietary) Ltd., South Africa.
Philips Taiwan Ltd., Taiwan.
Philips Trans-America Holdings Corporation, Canada.
Philips Trustee Company Ltd., UK.
Philips U.K. Ltd., UK.
Philips Ultrasound Inc., US.
Philips Uruguay S.A., Uruguay.
Philips Venture Capital Fund B.V., Netherlands.
Philips Warehouse & Services B.V., Netherlands.
Philips’ Radio B.V., Netherlands.
PITS, Belgium.
POVOS Electric Appliance (Shanghai) Co. Ltd., China.
Preethi Kitchen Appliances Private Ltd., India.
Project Realty LLC, US.
PT Philips Indonesia Commercial, Indonesia.
PT. Philips Indonesia, Indonesia.
Raytel USA Inc., US.
RCM Manufacturing, Philippines.
Remediation Services Inc., US.
Respironics (HK) Ltd., Hong Kong.
Respironics (Ireland) Ltd., Ireland.
Respironics (UK) Ltd., UK.
Respironics Bermuda Ltd., US.
Respironics California Inc., US.
Respironics Colorado Inc., US.
Respironics Deutschland GmbH & Co. KG, Germany.
Respironics Deutschland Verwaltungsgesellschaft mbH,
Germany.
Respironics Holding France B.V., Netherlands.
Respironics Holding Japan B.V., Netherlands.
Respironics Holding Switzerland B.V., Netherlands.
Respironics Holding UK B.V., Netherlands.
Respironics Inc., US.
Respironics Logistics Services LLC, US.
Respironics Ltd., UK.
Respironics Medical Products (Shenzhen) Ltd., China.
Respironics Novametrix LLC, US.
Respironics Respiratory Drug Delivery (UK) Ltd., UK.
Respironics UK Holding Company Ltd., UK.
RI Finance Inc., US.
RI Licensing Inc., US.
RIC Investments LLC, US.
Ring Station I, Belgium.
Saeco Argentina SA, Argentina.
Saeco Australia Pty. Ltd., Australia.
Saeco Australia.& NZ Ltd., New Zealand.
Saeco Do Brasil Comercio De Equipamentos Ltda., Brazil.
Saeco France, France.
Saeco GmbH, Germany.
Saeco Iberica S.A., Spain.
Saeco IPR Ltd., Ireland.
Saeco Professional Poland Sp.z.o.o., Poland.
Saeco South Australia Pty. Ltd., Australia.
Saeco Strategic Services Ltd., Ireland.
Saeco Vending S.p.A., Italy.
Saeta die Casting S.L., Spain.
Saudi Lighting Co. Ltd., Saudi Arabia.
Second General Lighting Co. Holding, Saudi Arabia.
Sedena Financial Services, Belgium.
Shanghai Apex Electronics Technology Co. Ltd., China.
Shanghai Li Yi Energy Saving Technology Co. Ltd., China.
Siera Electronics B.V., Netherlands.
Silicon B203 Ltd., Ireland.
Silicon Manufacturing Itzehoe SMI GmbH, Germany.
Société Service de Propriété Industrielle et de
Documentation, France.
Sogeco Romania S.r.l., Romania.
Strand Lighting Europe Ltd., UK.
Strand Lighting LLC, US.
Tecna S.r.l., Italy.
The Addison Company Inc., US.
The Genlyte Group Incorporated, US.
The Irish Development Co. Ltd., Ireland.
Tijm Holding B.V., Netherlands.
Tineney Ireland Ltd., Ireland.
Titan ASM Germany GmbH, Germany.
Translite Ltd., UK.
Translite Sonoma LLC, US.
Türk Philips Ticaret Anonim Sirketi, Turkey.
U.S. Philips Corporation, US.
Unisensor A/S, Denmark.
Van der Heem B.V., Netherlands.
VISICU Inc., US.
W.J. Addison Ltd., Canada.
Wave 3D Format B.V., Netherlands.
Wegot Investment Ltd., Hong Kong.
Western Biomedical Technologies Ltd., Ireland.
WMGD Pty. Ltd., Australia.
WRTL Exterior Lighting Ltd., UK.
Yort Inc., US.
Zymed Puerto Rico Inc., US.
61119498
1875819
Managing Director:
Mr. Tse Man Fung, Alvin
HK$4,000,000.00
(As per registry dated 25-03-2015)
|
Name |
|
No. of shares |
|
Koninklijke Philips N.V. High Tech Campus 5, 5656 AE Eindhoven, The Netherlands. |
|
4,000,000 ======== |
(As per registry dated 01-04-2015)
|
Name (Nationality) |
Address |
|
TSE Man Fung, Alvin |
Room G, 21/F., Tower 22, South Horizon, Ap Lei Chau,
Hong Kong. |
|
LEE Wan Wah, Rowena |
Flat F, 13/F., Hong Fai Court, 190 Tsat Tse Mui Road, North
Point, Hong Kong. |
(As per registry dated 15-03-2015)
|
Name |
Address |
Co. No. |
|
Philips Electronics Hong Kong. Ltd. |
5/F., Core Building 1, Science Park East Avenue, Hong
Kong Science Park, Shatin, New Territories, Hong Kong. |
1875819 |
HISTORY:
The subject was incorporated on 15th March, 2013 as a
private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Philips
Optical Video Hong Kong Ltd., name changed to Philips Opera Ltd. on 24th July,
2013 and further to the present style on 29th September, 2014.
Apart from these, neither material change nor amendment
has been ever traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of lighting products
Trade Mark: “PHILIPS” brand.
Group Employees: 113,678.
(As at 31-12-2014)
Commodities Imported: Bought
from “Philips” worldwide network.
Markets: Worldwide.
Group Sales:-
|
FY |
Whole Group |
Lighting Sector |
|
Year ended 31-12-2012 |
€22,234 million |
€7,303 million |
|
Year ended 31-12-2013 |
€21,990 million |
€7,145 million |
|
Year ended 31-12-2014 |
€21,391 million |
€6,869million |
Terms/Sales: As per
contracted.
Terms/Buying:
Various terms.
Issued Share Capital: HK$4,000,000.00
Group Net Income/(Loss): (€
30 million) (Year ended 31-12-2012)
€1,172 million
(Year ended 31-12-2013)
€ 411
million (Year ended 31-12-2014)
Profit or Loss: Group
made profits in 2013 & 2014.
Condition: Keeping
in an active and good condition.
Facilities: Making
active use of general banking facilities.
Payment: Promptly
met as contracted.
Commercial Morality:
Good.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Good.
Lumileds Hong Kong Co. Ltd. is a wholly-owned subsidiary
of Koninklijke Philips N.V., which is registered in The Netherlands.
Koninklijke Philips N.V. [the ‘Company’] is the parent
company of the Philips Group [‘Philips’ or the ‘Group’].
Its shares have been listed on the Amsterdam Stock
Exchange Euronext Amsterdam since 1913, and have been traded in the United
States since 1962, and also have been listed on the New York Stock Exchange
since 1987.
The activities of the Philips Group are organized into 4
operating product divisions:-
Healthcare;
Consumer Lifestyle;
Lighting; &
Innovation, Group & Services.
The subject belongs to the lighting section of the Group.
The Company is managed by the members of the Board of
Management and Executive Committee under the supervision of the Supervisory
Board.
Group sales amounted to EUR 21,391 million in 2014, which
represents a 3% nominal decline compared to 2013 which was EUR 21,990
million. Net income of the Group was EUR
411 million, dropped substantially as compared with 2013 which was EUR 1,172
million.
Lighting sales amounted to EUR 6,869 million, which was
EUR 276 million lower than in 2013, or 3% lower on a comparable basis. A high-single-digit decline at Consumer
Luminaires and mid-single-digit decline at Light Sources & Electronics were
tempered by low single-digit growth at Professional Lighting Solutions. A low-single-digit decline was seen in mature
geographies, largely due to Western Europe and North America. Growth geographies recorded a mid-single
digit decline, mainly driven by China.
EBITA declined from EUR 580 million, or 8.1% of sales, in
2013 to EUR 293 million, or 4.3% of sales, in 2014. Restructuring and acquisition-related charges
amounted to EUR 245 million in 2014, compared to EUR 83 million in 2013. 2014
EBITA included EUR 68 million of impairment and other charges related to
industrial assets and a EUR 13 million past-service pension cost gain in the
Netherlands, while 2013 EBITA included a past-service pension cost gain of EUR
10 million in the US. The decrease in
EBITA was largely driven by higher restructuring charges and lower sales
volume.
On 30th June, 2014, Philips announced the start of the
process to combine the Lumileds and Automotive Lighting businesses into a
stand-alone company and explore strategic options to attract capital from third
party investors for this combined business.
For the year ended 31st December, 2014, the Group had 113,678
persons (2013: 116,082)
The subject is fully supported by the Philips Group.
On the whole, in view of the background and parentage of
the subject, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
UK Pound |
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.