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MIRA INFORM REPORT
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Report No. : |
487511 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
LUMILEDS HONG KONG CO., LIMITED |
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Registered Office : |
Room 231-233, Core
Building 2, 1 Science Park West Avenue, Hong Kong Science Park, Shatin,
New Territories |
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Country : |
Hong Kong. |
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Date of Incorporation : |
15.03.2013 |
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Com. Reg. No.: |
61119498 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of lighting products |
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No. of Employees : |
114,731 [Group] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Hong Kong. |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 reexports, 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 continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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 aided a more rapid initial recovery 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 9.4% of total system deposits in Hong Kong by the end of 2015. 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. Mainland visitors to Hong Kong declined 3% in 2015 to approximately 45.7 million, reflecting an overall drop of 2.5% in total visitors to Hong Kong. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2015, mainland Chinese companies constituted about 51% of the firms listed on the Hong Kong Stock Exchange and accounted for about 62.1% 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. 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, which took effect in 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.
Credit expansion and a tight housing supply have caused Hong Kong property prices to rise rapidly; consumer prices increased 2.6% in 2016, but slowed to 2.0% in 2017. Lower- and middle-income segments of the population are increasingly unable to afford adequate housing.
Hong Kong’s economic integration with the mainland continues to be most evident in the banking and finance sector. Initiatives like the Hong Kong-Shanghai Stock Connect, the Mutual Recognition of Funds, and The Hong Kong Shanghai Gold Connect are all important steps towards opening up the Mainland’s capital markets and has reinforced Hong Kong’s leading role as China’s offshore RMB market. Additional connect schemes from bonds to commodities and other investment products are also under exploration by Hong Kong authorities.
|
Source : CIA |
Note
Your given address is not in Hong Kong.
Company
name and address
LUMILEDS HONG
KONG CO., LIMITED
ADDRESS: Room 231-233, Core Building
2, 1 Science Park West Avenue, Hong Kong Science Park, Shatin, New Territories,
Hong Kong.
PHONE: 852- 2821 5249, 2876
7927
E-MAIL: loretta.so@lumileds.com
MANAGEMENT
Managing
Director: Mr. Tse Man Fung, Alvin
SUMMARY
Incorporated on: 15th
March, 2013.
Organization: Private
Limited Company.
Issued Share Capital: US$97,700,000.00
Business Category: Importer, Exporter and Wholesaler.
Group Sales: €24,516
million (Year ended 31-12-2016)
Group Employees: 114,731. (As at 31-12-2016)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Banking
Relation: Very Good.
ADDRESS
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:
Lumileds Holding
B.V., The Netherlands.
Ultimate Holding
Company:-
Koninklijke Philips
N.V., Netherlands.
Associated Companies:-
Philips Group of
Companies
370 West Trimble Road
Corporation, United States.
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,
United States.
Altilon de Mexico
S.A. de C.V., Mexico.
American Color &
Chemical L.L.C., United States.
AP-CTR Corp., United
States.
Argus Imaging B.V.,
Netherlands.
ATL International
LLC, United States.
ATL Ultrasound Inc.,
United States.
Avent Ltd., United
Kingdom.
B.V. Expeditiekantoor
v/h A. Wouters & Co, Netherlands.
B.V. Woningbouw
Exenkaf, Netherlands.
Carex Lighting
Equipment (Dongguan) Co. Ltd., China.
Children’s Medical
Ventures LLC, United States.
Compagnie Française
Philips, France.
Consort Investments
B.V., Netherlands.
Crux Biomedical Inc.,
United States.
CT Resources LLC,
United States.
Discus Dental
Australia Pty. Ltd., Australia.
Discus Dental Brasil
Comercio de Produtos Odontologicos LTDA., Brazil.
Discus Dental Canada
LLC, United States.
Discus Dental Europe
BV, Netherlands.
Discus Dental LLC,
United States.
Discus Dental New
Zealand, New Zealand.
Discus Holdings Inc.,
United States.
Discus International
LLC, United States.
Dixtal Biomédica
Indústria e Comércio Ltda., Brazil.
Dixtal Tecnologia
Indústria e Comércio Ltda., Brazil.
Dordtse
Metaalindustrie “Johan de Witt” B.V., Netherlands.
Dynalite Europe Ltd.,
United Kingdom.
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.
Foreign
consulting-trade unitary enterprise “Philips-Belorussia” of company Philips’
Radio B.V., Belarus.
Framas Lightings
Ltd., Hong Kong.
Gaggia S.p.A., Italy.
Genlyte Holding C
B.V., Netherlands.
Genlyte Holding
Canada B.V., Netherlands.
Genlyte Thomas Group
LLC, United States.
Global Re N.V.,
Netherlands. (In Liquidatie)
GTG Holding Inc.,
United States.
Helfont Participaçőes
Ltda., Brazil.
Hilvarenbeek Training
Services B.V., Netherlands.
Ilti Luce S.r.l.,
Italy.
Imel AG, Switzerland.
Inara Co. Ltd., Saudi
Arabia.
Inara Emirates
International L.L.C., United Arab Emirates.
Inara Trading Co
(L.L.C), United Arab Emirates.
Inbraphil—Indústrias
Brasileiras Philips Ltda., Brazil.
Industria
International Ltd., United Kingdom.
Industria Technische
Verlichting B.V., Netherlands.
Industrias
Venezolanas Philips S.A., Venezuela.
Industriële
Ontwikkelings-Maatschappij B.V., Netherlands.
Inmobiliaria Philips
Chilena Limitada, Chile.
Invivo Corporation,
United States.
Invivo UK Ltd.,
United Kingdom.
JJI Lighting Group
GmbH Europe, Germany.
Larestine Ireland
Ltd., Ireland.
Latin-American
Holdings Corporation, Canada.
Lifeline Systems
Company, United States.
Lifeline Systems
Holding B.V., Netherlands.
Lifeline Systems
Inc., United States.
Lighting Group PLI Holding
NV, Belgium.
Lighting.Com. Inc.,
United States.
Lightolier de Mexico
S.A. de C.V., Mexico.
Limited Liability
Company “Philips Ukraine”, Ukraine
Limited Liability
Company “Philips”, Russia.
Luceplan USA Inc,
United States.
Luciom Industrie,
France.
Lumileds (Shanghai)
Technology Co. Ltd., China.
Lumileds (Thailand)
Co. Ltd., Thailand.
Lumileds Commercial
(Shanghai) Co. Ltd., China.
Lumileds Commercial
Canada Inc., Canada.
Lumileds Eurasia
Limited Liability Company, Russia.
Lumileds France SAS,
France.
Lumileds Germany
GmbH, Germany.
Lumileds Holding
B.V., Netherlands.
Lumileds Iluminaçăo
Brasil Ltda., Brazil.
Lumileds India Pvt.
Ltd., India.
Lumileds
International B.V., Netherlands.
Lumileds Italy Srl,
Italy.
Lumileds Japan GK,
Japan.
Lumileds Korea Ltd.,
Republic of Korea.
Lumileds LLC, United
States.
Lumileds Malaysia
Sdn. Bhd., Malaysia.
Lumileds Netherlands
B.V., Netherlands.
Lumileds Poland S.A.,
Poland.
Lumileds Singapore
Pte. Ltd., Singapore.
Lumileds Subholding
B.V., Netherlands.
Lumileds Sweden AB,
Sweden.
Lumileds Taiwan Co.
Ltd., Taiwan.
Lumileds Technology
(Hubei) Co. Ltd., China.
Lumileds Top Holding
B.V., Netherlands.
Lumileds USA
(Holding) Corp., United States.
Lumisistemas de
México S.A. de C.V., Mexico.
Luniom S.A.S., France.
Maatschappij voor
Onroerend Goed “De Nieuwe Erven” B.V., Netherlands.
Massive Asia Pacific
Ltd., Hong Kong.
Massive Holding UK
Ltd., United Kingdom.
Matevu Import Export
B.V., Netherlands.
Melhk Ltd., Hong
Kong.
Metaaldraadlampenfabriek
“Volt” B.V., Netherlands.
Modular Lighting
France Sarl., France.
Modular Lighting
Nederland B.V., Netherlands.
MRI Devices
Corporation, United States.
Nardeen Lighting Co.
Ltd., Saudi Arabia.
NavPart II B.V.,
Netherlands.
Noble Europe B.V.,
Netherlands.
P.T. Philips Industries
Batam, Indonesia.
PathXL Ltd., United
Kingdom.
Pegaso S.r.l., Italy.
Phil Lighting Limited
Company, Saudi Arabia.
PHILIPS (B) SDN BHD,
Brunei Darussalam.
Philips (China)
Investment Co. Ltd., China.
Philips (Jiaxing)
Health and Technology Co. Ltd., China.
Philips (Thailand)
Ltd., Thailand.
Philips Accounting
Services Ltd., Ireland.
Philips Africa
(Proprietary) Ltd., South Africa.
Philips Africa
Lighting Solutions (Pty.) Ltd., South Africa.
Philips AG,
Switzerland.
Philips Aktiebolag,
Sweden.
Philips Algerie,
Algeria.
Philips and Optogan
LED Road Lighting Solutions B.V., Netherlands.
Philips Argentina
Sociedad Anónima, Argentina.
Philips Austria GmbH,
Austria.
Philips Baltic SIA,
Latvia.
Philips Belgium
Commercial NV, Belgium.
Philips BioCell A/S,
Denmark.
Philips Bulgaria
EOOD, Bulgaria.
Philips Canada
Holding B.V., Netherlands.
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 Informaçăo Ltda., Brazil.
Philips Colombiana
S.A.S., Colombia.
Philips Components
B.V., Netherlands.
Philips Components
Ltd., United Kingdom.
Philips Composites
LLC, United States.
Philips Consumer
Communications B.V., Netherlands.
Philips Consumer
Communications UK Ltd., United Kingdom.
Philips Consumer
Electronics Export B.V., Netherlands.
Philips Consumer
Lifestyle B.V., Netherlands.
Philips Consumer
Lifestyle International B.V., Netherlands.
Philips Consumer
Luminaires Manufacturing (Shenzhen) Co. Ltd., China.
Philips Consumer
Luminaires UK Ltd., United Kingdom.
Philips Consumer
Products NV, Belgium.
Philips Consumer
Relations B.V., Netherlands.
Philips d.o.o.,
Croatia.
Philips Danmark A/S,
Denmark.
Philips DAP Zhuhai
Holding B.V., Netherlands.
Philips del Paraguay
S.A., Paraguay.
Philips Design Ltd.,
United Kingdom.
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
(Limited Liability Company), Egypt.
Philips Electronics
(Israel) Ltd., Israel.
Philips Electronics
(Shenzhen) Co. Ltd., China.
Philips Electronics
(Thailand) Ltd., Thailand.
Philips Electronics
and Lighting Inc., Philippines.
Philips Electronics
Australia Ltd., Australia.
Philips Electronics
Bangladesh Pvt. 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, United States.
Philips Electronics
Realty LLC, United States.
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., United Kingdom.
Philips Electronics
Vietnam Ltd., Vietnam.
Philips Electronique
Maroc SARL, Morocco.
Philips Entertainment
Lighting Asia Ltd., Hong Kong.
Philips Export B.V.,
Netherlands.
Philips France
Commercial SAS, France.
Philips France,
France.
Philips Gemini
Holding USA Inc., United States.
Philips Georgia LLC,
Georgia.
Philips Ghana
Limited, Ghana.
Philips Global
Business Services LLP, India.
Philips GmbH,
Germany.
Philips Goldway
(Shenzhen) Industrial Inc., China.
Philips Healthcare (Suzhou)
Co. Ltd., China.
Philips Healthcare
Informatics Inc., United States.
Philips Healthcare
Informatics Ltd., United Kingdom.
Philips Healthcare
Saudi Arabia Ltd., Saudi Arabia.
Philips Hellas S.A.
Commercial and Industrial Co. for Electrotechnical Products and Medical
Systems, Greece.
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., United States.
Philips Home Care
Services Private Ltd., India.
Philips Ibérica S.A.,
Spain.
Philips Imaging
Systems China Holding B.V., Netherlands.
Philips Impex Ltd.,
United Kingdom.
Philips Indal S.L.,
Spain.
Philips India Ltd.,
India.
Philips Industries
Hungary Electronical Mechanical Manufacturing and Trading Limited Liability
Company, Hungary.
Philips Innovations
Nigeria Ltd., Nigeria.
Philips International
B.V., Netherlands.
Philips Investment
Services B.V., Netherlands.
Philips IP Exchange
Inc., United States.
Philips IP Ventures
B.V., Netherlands.
Philips Kazakhstan
LLP, Kazakhstan.
Philips Korea Ltd.,
Republic of Korea.
Philips Lamps and
Luminaires Ltd., United Kingdom.
Philips Lanka
Solutions (Private) Ltd., Sri Lanka.
Philips Lighting
(China) Investment Co. Ltd., China.
Philips Lighting
Argentina S.A., Argentina.
Philips Lighting
Australia Ltd., Australia.
Philips Lighting
Austria GmbH, Austria.
Philips Lighting
Aydinlatma Ticaret A.Ş., Turkey.
Philips Lighting
B.V., Netherlands.
Philips Lighting
Bangladesh Ltd., Bangladesh.
Philips Lighting Belgium
N.V., Belgium.
Philips Lighting
Bielsko Sp.z.o.o., Poland.
Philips Lighting
Canada Holding Ltd., Canada.
Philips Lighting
Canada Ltd., Canada.
Philips Lighting
Caribbean Inc., Panama.
Philips Lighting
Central America Sociedad Anónima de Capital Variable, El Salvador.
Philips Lighting
Chilena S.A., Chile.
Philips Lighting
Colombiana S.A.S., Colombia.
Philips Lighting
Commercial Malaysia Sdn. Bhd, Malaysia.
Philips Lighting
Czech Republic s.r.o., Czech Republic.
Philips Lighting
Denmark A/S, Denmark.
Philips Lighting East
Africa Ltd., Kenya.
Philips Lighting
Ecuador C.A., Ecuador.
Philips Lighting
Egypt LLC, Egypt.
Philips Lighting
Electromagnetics S.A. de C.V., Mexico.
Philips Lighting
Electronics (Xiamen) Co. Ltd., China.
Philips Lighting
Electronics Company, United States.
Philips Lighting
Electronics México S.A. de C.V., Mexico.
Philips Lighting
Electronics Shanghai Holding B.V., Netherlands.
Philips Lighting
Energy Sving Technology Services (Wuhan) Co. Ltd., China.
Philips Lighting
Eurasia LLC, Russia.
Philips Lighting
Export B.V., Netherlands.
Philips Lighting
Finland Oy, Finland.
Philips Lighting
GmbH, Germany.
Philips Lighting
Hellas S.A., Greece.
Philips Lighting
Holding B.V., Netherlands.
Philips Lighting Hong
Kong Ltd., Hong Kong.
Philips Lighting
Hungary Kft., Hungary.
Philips Lighting
Iluminaçăo Ltda., Brazil.
Philips Lighting
India Ltd., India.
Philips Lighting
Industry (China) Co. Ltd., China.
Philips Lighting
Ireland Ltd., Ireland.
Philips Lighting
Italy S.p.A, Italy.
Philips Lighting
Japan GK, Japan.
Philips Lighting
Kazakhstan Limited Liability Partnership, Kazakhstan.
Philips Lighting
Korea Ltd., Republic of Korea.
Philips Lighting
Lanka (Private) Ltd., Sri Lanka.
Philips Lighting
Ltd., United Kingdom.
Philips Lighting
Luminaires (Shanghai) Co. Ltd., China.
Philips Lighting
Luxembourg S.A., Luxembourg.
Philips Lighting
Maseru Pty. Ltd., Lesotho.
Philips Lighting
N.V., Netherlands.
Philips Lighting
North America Corporation, United States.
Philips Lighting
Norway AS, Norway.
Philips Lighting
Panamá S.A., Panama.
Philips Lighting Peru
S.A., Peru.
Philips Lighting
Poland Sp. z o.o., Poland.
Philips Lighting
Portugal Unipessoal Lda, Portugal.
Philips Lighting
Romania S.r.l., Romania.
Philips Lighting
Saudi Arabia LLC, Saudi Arabia.
Philips Lighting SEM
S.A., Panama.
Philips Lighting
Services B.V., Netherlands.
Philips Lighting
Singapore Pte. Ltd., Singapore.
Philips Lighting
Solutions (Pty) Ltd., South Africa.
Philips Lighting
Solutions and Services Nigeria Ltd., Nigeria.
Philips Lighting
Solutions Project Participations B.V., Netherlands.
Philips Lighting
Spain S.L., Spain.
Philips Lighting
Sweden AB, Sweden.
Philips Lighting
Switzerland AG, Switzerland.
Philips Lighting
Taiwan Ltd., Taiwan.
Philips Lighting
Trading (Shanghai) Co. Ltd., China.
Philips Lighting UK
Ltd., United Kingdom.
Philips Lighting
Ukraine LLC, Ukraine.
Philips Lighting
Uruguay S.A., Uruguay.
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., United States.
Philips Medical
Systems (Cleveland) Inc., United States.
Philips Medical
Systems DMC GmbH, Germany.
Philips Medical
Systems Export Inc., United States.
Philips Medical
Systems International B.V., Netherlands.
Philips Medical
Systems Ltda., Brazil.
Philips Medical
Systems MR Inc., United States
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., United Kingdom.
Philips Medizin
Systeme Böblingen GmbH, Germany.
Philips Medizin
Systeme Hofheim-Wallau GmbH, Germany.
Philips Mexicana S.A.
de C.V., Mexico.
Philips México
Commercial S.A. de C.V., Mexico.
Philips MPEG Inc.,
United States.
Philips Myanmar Co.
Ltd., Myanmar.
Philips Nederland
B.V., Netherlands.
Philips New Zealand
Commercial Ltd., New Zealand.
Philips New Zealand
Ltd., New Zealand.
Philips Norge AS,
Norway.
Philips North Africa
SARL, Morocco.
Philips Optical Video
Hong Kong Ltd., Hong Kong.
Philips Oral
Healthcare LLC, United States.
Philips Orastie
S.r.l., Romania.
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 Pension
Trustees Ltd., United Kingdom.
Philips Peruana S.A.,
Peru.
Philips Philippines
Inc., Philippines.
Philips Polska
Sp.z.o.o., Poland.
Philips Portuguesa
S.A., Portugal.
Philips Project
Management LLC, United States.
Philips Properties
NV, 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.,
Italy.
Philips SC
Unterstützungskasse GmbH, Germany.
Philips SEM S.A.,
Panama.
Philips Semiconductor
Manufacturing Inc., United States.
Philips
Semiconductors Inc., United States.
Philips SLC FZE,
United Arab Emirates.
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 South Africa
Commercial (Pty) Ltd., South Africa.
Philips Taiwan Ltd.,
Taiwan.
Philips Titan Ltd.,
United Kingdom.
Philips Trans-America
Holdings Corporation, Canada.
Philips Trustee Co.
Ltd., United Kingdom.
Philips U.K. Ltd.,
United Kingdom.
Philips Ultrasound
(Shanghai) Co. Ltd., China.
Philips Ultrasound
Inc., United States.
Philips Uruguay S.A.,
Uruguay.
Philips Venture
Capital Fund B.V., Netherlands.
Philips Vietnam Ltd.,
Vietnam.
Philips Warehouse
& Services B.V., Netherlands.
Philips’ Radio B.V.,
Netherlands.
PITS NV, Belgium.
POVOS Electric
Appliance (Shanghai) Co. Ltd., China.
Preethi Kitchen
Appliances Pvt. Ltd., India.
PT Philips Indonesia
Commercial, Indonesia.
PT. Philips
Indonesia, Indonesia.
Pye (Electronic
Products) Ltd., United Kingdom.
Pyecam Co. Ltd.,
United Kingdom.
Raytel USA Inc.,
United States.
RCM Manufacturing,
Philippines.
Respironics (HK)
Ltd., Hong Kong.
Respironics (Ireland)
Ltd., Ireland.
Respironics (UK)
Ltd., United Kingdom.
Respironics Bermuda
Ltd., United States.
Respironics
California Inc., United States.
Respironics Colorado
Inc., United States.
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.,
United States.
Respironics Logistics
Services LLC, United States.
Respironics Ltd.,
United Kingdom.
Respironics Medical
Products (Shenzhen) Ltd., China.
Respironics
Novametrix LLC, United States.
Respironics
Respiratory Drug Delivery (UK) Ltd., United Kingdom.
Respironics UK
Holding Co. Ltd., United Kingdom.
RI Finance Inc.,
United States.
RI Licensing Inc.,
United States.
RIC Investments LLC,
United States.
Saeco Argentina SA,
Argentina.
Saeco France, France.
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 Company Holding, Saudi Arabia.
Sedena Financial
Services BVBA, Belgium.
Siera Electronics
B.V., Netherlands.
Silicon B203 Ltd.,
Ireland.
Silicon Manufacturing
Itzehoe SMI GmbH, Germany.
Société Service de
Propriété Industrielle et de Documentation, France.
Strand Lighting
Europe Ltd., United Kingdom.
Strand Lighting LLC,
United States.
Sync-Rx Ltd., Israel.
Tecna S.r.l., Italy.
The Addison Company
Inc., United States.
The Genlyte Group
Incorporated, United States.
Tijm Holding B.V.,
Netherlands.
Tineney Ireland Ltd.,
Ireland.
Titan ASM Germany
GmbH, Germany.
Translite Ltd.,
United Kingdom.
Translite Sonoma LLC,
United States.
Türk Philips Ticaret
Anonim Sirketi, Turkey.
U.S. Philips
Corporation, United States.
Van der Heem B.V.,
Netherlands.
VISICU Inc., United
States.
Volcano Atheromed
Inc., United States.
Volcano Corporation,
United States.
Volcano Europe
B.V.B.A., Belgium.
Volcano Israel
Holdings Ltd., Israel.
Volcano Japan Co.
Ltd., Japan.
Volcano Netherlands Holdings
B.V., Netherlands.
Volcano Therapeutics
South Africa Pty Ltd., South Africa.
Volcarica S.R.L.,
Costa Rica.
W.J. Addison Ltd.,
Canada.
Wegot Investment
Ltd., Hong Kong.
WellCentive Inc.,
United States.
Western Biomedical
Technologies Ltd., Ireland.
WMGD Pty. Ltd.,
Australia.
WRTL Exterior
Lighting Ltd., United Kingdom.
Yort Inc., United
States.
ZAO Idman MOW,
Russia.
Zymed Puerto Rico
Inc., United States.
BUSINESS
REGISTRATION NUMBER
61119498
COMPANY
FILE NUMBER
1875819
MANAGEMENT
Managing
Director: Mr. Tse Man Fung, Alvin
CEO: Mr.
Mark Adams
Contact Person: Ms.
Loretta So
ISSUED
SHARE CAPITAL
US$97,700,000.00
(81,700,000 fully paid ordinary shares)
SHAREHOLDER
(As per registry
dated 24-03-2017)
|
Name |
|
No. of shares |
|
Lumileds Holding
B.V. Schiphol Boulevard
127, 1118 BG Amsterdam, The Netherlands. |
|
81,7,000,000 ========== |
DIRECTORS
(As per registry
dated 15-03-2017)
|
Name (Nationality) |
Address |
|
TSE Man Fung, Alvin |
Room G, 21/F., Tower
22, South Horizon, Ap Lei Chau, Hong Kong. |
|
Vincent RANIC |
Suite No. 2511,
25/F., Hampton Court Gateway Apartment, Harbour City, Tsimshatsui, Kowloon,
Hong Kong. |
SECRETARY
(As per registry
dated 19-05-2017)
|
Name |
Address |
Co. No. |
|
Wilgrist Nominees
Ltd. |
Suite 601, 6/F.,
Prince’s Building, Chater Road, Central, Hong Kong. |
0017249 |
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.
Vincent Ranic was
newly appointed as director of the subject on 15th March, 2017. He is a France passport holder and also the
Regional Vice President.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and
Wholesaler.
Lines: All kinds of lighting
products.
Trade Mark: “PHILIPS” brand.
Group Employees: 114,731. (As at 31-12-2016)
Commodities Imported: Bought from “Philips” worldwide network.
Markets: Worldwide.
Group Turnover:-
|
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 |
€6,869 million |
|
Year ended
31-12-2015 |
€24,244 million |
€7,438 million |
|
Year ended 31-12-2016 |
€24,516 million |
€7,094 million |
|
9 months ended
30-09-2016 |
€12,116 million |
--- |
|
9 months ended
30-09-2017 |
€12,477 million |
--- |
Terms/Sales: As
per contracted.
Terms/Buying: Various
terms.
FINANCIAL
INFORMATION
Issued Share Capital:
US$97,700,000.00
(81,700,000 fully paid ordinary shares)
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)
€ 659 million
(Year ended 31-12-2015)
€1,491
million (Year ended 31-12-2016)
€ 851 million
(9 months ended 30-09-2016)
€ 971 million
(9 months ended 30-09-2017)
Profit or Loss: Group made profits in
past five years.
Condition: Keeping in an
active and good condition.
Facilities: Making active
use of general banking facilities.
Payment: Regular
Commercial
Morality: Good.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Good.
GENERAL
Lumileds Hong Kong Co.,
Limited is a wholly-owned subsidiary of Lumileds Holding B.V., which is
registered in The Netherlands.
The subject is one of
the key members of Lumileds Group.
Koninklijke Philips
N.V. [the ‘Company’] is the parent company of the Philips Group [‘Philips’ or
the ‘Group’].
Your given address is
the Shanghai Office of the Lumileds 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 subject is
trading in the following products:
1.
Automotive LEDs
LUXEON
Altilon
LUXEON F
LUXEON
Rebel Automotive
SignalSure
SnapLED
Custom
Integrated Solutions
2.
Automotive Lighting Products
Automotive
OEM Products
Lamps
Xenon
Halogen
LED Bulbs
Signaling
and HiPerVision
3.
Automotive Aftermarket Products
- Lumileds Automotive Applications
The activities of the
Philips Group are organized into 4 operating product divisions:-
1.
Healthcare;
2.
Consumer Lifestyle;
3.
Lighting; &
4.
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.
Philips of the
Netherlands (NYSE: PHG, AEX: PHI) is one of the world’s biggest electronics
companies and Europe’s largest. It is a
global leader in colour television sets, lighting, electric shavers, medical
diagnostic imaging and patient monitoring, and one-chip TV products. Its employees in more than 150 countries are
active in the areas of lighting, consumer electronics, domestic appliances,
semiconductors, and medical systems.
Philips Lighting is
the global market leader, with recognized expertise in the development,
manufacturing and application of innovative lighting solutions.
Group sales amounted
to EUR 24,516 million in 2016, which represents a 1.1% increase as compared
with 2015 which was EUR 24,244 million.
Net income of the Group was EUR 1,419 million, increased by 115.3% as
compared with 2015 which was EUR 659 million.
In 2016, the Group’s
lighting sales amounted to EUR 7,094 million, decreased by 4.6% as compared
with EUR 7,438 million in previous year.
On June 2016, Philips
spun off its lighting division to focus on the healthcare division.
For the nine months
ended 30th September 2017, the sales of the Group mounted to EUR 12,477
million, grew by 3.0% as compared with EUR 12,116 million in the same
period of 2016; net income of the period was EUR 971 million, grew by 14.1% as
compared with the same period of 2016 which was EUR 851 million.
For the year ended
31st December, 2016, the Group had 114,731 persons (2015: 112,959)
The subject is fully
supported by Lumileds Group and ultimately by the Philips Group. History in Hong Kong is over four years and
ten months.
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 |
INR 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
|
HKD |
1 |
INR 8.13 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.