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MIRA
INFORM REPORT
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Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ALCOA
INTERNATIONAL ( |
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Registered Office : |
Room 1301, 13/F., Tower 1, Admiralty Centre, |
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Country : |
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Date of Incorporation : |
12.09.1963. |
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Com. Reg. No.: |
1561754 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of All kinds of
Packaging Materials. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
A2 |
A2 |
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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 |
name of the company
ALCOA INTERNATIONAL
(
ADDRESS
Room 1301, 13/F., Tower 1, Admiralty Centre,
PHONE: 2529 2333
FAX: 2529 2322
MANAGEMENT
Managing Director: Mr. Peter George Brown
SUMMARY
Incorporated on: 12th September, 1963.
Organization: Private Limited Company.
Capital: Nominal: HK$12,500,000.00 and US$475,682.00
Issued: HK$12,500,000.00
Business Category: Importer, Exporter and Wholesaler.
Group Sales: US$26,901 million (Year ended 31-12-2008)
Employees: 18.
Main Dealing Banker: The Hongkong and Shanghai Banking Corp.
Ltd.,
Banking Relation: Good.
ADDRESS
Registered Head
Office:-
Room 1301, 13/F., Tower 1, Admiralty Centre,
Holding Company:-
Alcoa International Holdings Company,
Ultimate Holding
Company:-
Alcoa Inc.
[Tel:
1-412-553-4545; Fax: 1-412-553-4498]
Sister Companies:-
Alcoa à Íslandi ehf,
Alcoa Alumínio S.A.,
Alcoa Australian
Holdings Pty. Ltd.,
Alcoa Automotive
Alcoa Europe Holding
B.V.,
Alcoa Europe S.A.,
Alcoa Extrusión
Internacional Holding S.L.,
Alcoa Global Treasury
Services
Alcoa Inespal S.A.,
Alcoa Inter-America
Inc.,
Alcoa Inversiones
España S.L.,
Alcoa Inversiones
Internacionales S.L.,
Alcoa
Alcoa Manufacturing
(G.B.) Ltd.,
Alcoa of Australia
Ltd.,
Alcoa UK Holdings
Ltd.,
Alcoa-Köfém
Alúmina Española
S.A.,
Alúminio Español
S.A.,
Norsk Alcoa Holdings
AS,
Affiliated Companies:-
Alcoa Group of
Companies
AAC Holdings Company,
AEES Holding
AEES Inc.,
AFL Europe
Alcoa (
Alcoa (Kunshan) Aluminum Products Co. Ltd.,
Alcoa (
Alcoa Bohai Aluminum Industries Co. Ltd.,
Alcoa Canada Ltd.,
Alcoa Canada-Foreign
Investment Company,
Alcoa Domestic
Alcoa Electrical and Electronic Solutions (
Alcoa Fastening System (
Alcoa Fujikura de
Mexico S. de R.L.
Alcoa Global
Fasteners Inc.,
Alcoa
Alcoa India Private Ltd.,
Alcoa Japan Ltd.,
Alcoa Ltd.,
Alcoa Materials
Management Inc.,
Alcoa Minerals of
Alcoa Securities
Corporation,
Alcoa WolinBec
Company,
Alcoa World Alumina
Alcoa-Aluminerie de
Deschambault L.P.,
Alcoa-Lauralco
Holdings Company,
Alcoa-Lauralco
Management Company,
Alumax Inc.,
Alumax Mill Products
Inc.,
Aluminerie Lauralco
Inc.,
Cordant Technologies
Holding Company,
Howmet Castings and
Services Inc.,
Howmet Corporation,
Howmet Holdings
Corporation,
Howmet International
Inc.,
Huck International
Inc.,
Kawneer Germany Inc.,
Laqmar
Luxcoa
RB Sales Co. Ltd.,
Reynolds Bécancour
Inc.,
Reynolds
International Inc.,
Reynolds Metals
Company,
RMC Delaware Inc.,
RMCC Company,
Suriname Aluminum
Company LLC,
etc.
BUSINESS REGISTRATION NUMBER
1561754
COMPANY FILE NUMBER
9238
MANAGEMENT
Managing Director: Mr. Peter George Brown
Director and Contact Person: Mr. Anil Kumar Govada
CAPITAL
Nominal Share Capital: HK$12,500,000.00 (Divided into 1,250,000 Ordinary shares of HK$10.00 each) and US$475,682.00 (Redeemable Preference shares)
Issued Share Capital: HK$12,500,000.00
SHAREHOLDERS
(As per registry
dated 12-09-2008)
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Name |
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No. of shares |
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Alcoa International Holdings Company |
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1,249,999 |
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Alcoa Inc. |
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1 |
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–––––––– |
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Total: |
1,250,000 ======= |
DIRECTORS
(As per registry dated
12-09-2008)
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Name (Nationality) |
Address |
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CHEN Jinya |
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Anil Kumar GOVADA |
House 5, Redhill Peninsula, Cedar Drive, Pak Pat Shan Road, Tai Tam, Hong Kong. |
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Peter George BROWN |
Flat 2B, Block 3, No. 2 and 3, Garden Terrace, 8A Old Peak Road, Hong Kong. |
SECRETARY
(As per registry
dated 12-09-2008)
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Name |
Address |
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Wilgrist Nominees Ltd. |
Room 601, 6/F., Prince’s Building, |
17249 |
HISTORY
The subject was incorporated on 12th September, 1963 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of packaging materials.
Employees: 18.
Materials/Commodities: Imports raw materials from European countries,
some Asian countries and finished products from
Markets:
Group Sales: US$21,370 million (Year ended 31-12-2004)
US$24,149 million (Year ended 31-12-2005)
US$28,950 million (Year ended 31-12-2006)
US$29,280 million (Year ended 31-12-2007)
US$26,901 million (Year ended 31-12-2008)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$12,500,000.00 (Divided into 1,250,000 Ordinary shares of HK$10.00 each) and US$475,682.00 (Redeemable Preference shares)
Issued Share Capital: HK$12,500,000.00
Group Net Profit/(Loss): US$1,310 million (Year ended 31-12-2004)
US$1,233 million (Year ended 31-12-2005)
US$2,248 million (Year ended 31-12-2006)
US$2,564 million (Year ended 31-12-2007)
(US$ 74 million) (Year ended 31-12-2008)
Profit or Loss: Group made a loss in 2008.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hong Kong and
Shanghai Banking Corp. Ltd.,
Standing:
GENERAL
Alcoa
International (
Currently,
the subject is manufacturing the following commodities and offering clients
with the following services:-
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Product/Service |
Product/Service Remarks |
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Raw Materials |
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Non-Ferrous Metal |
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Aluminium |
From From |
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Packaging Materials |
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Packaging Materials – Miscellaneous |
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Aluminium Foil |
Aluminium foil from Aluminium foil from OEM (Manufacturer) |
Alcoa is
the world leader in the production and management of primary aluminium, fabricated
aluminium and alumina combined, through its active and growing participation in
all major aspects of the industry.
Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design, engineering,
production and other capabilities of Alcoa’s businesses to customers. In addition to aluminium products and
components including flat-rolled products, hard alloy extrusions, and forgings,
Alcoa also markets “Alcoa®” wheels, fastening systems, precision and
investment castings, and building systems.
The
Group has 87,000 employees in 35 countries and has been named one of the top
most sustainable corporations in the world at the World Economic Forum in
Alcoa
makes a very sustainable product: more than 70% of the aluminium ever produced
is still in use, equalling 586 million metric tons of a total 806 million
metric tons manufactured since 1886.
North
America and
For the
year ended 31st December, 2008, the sales of the Group amounted to US$26,901
million, decreased by 8.1% as compared with US$29,280 million in FY 2007; net
loss was US$74 million as compared with a net profit of US$2,564 million in FY
2007.
The
subject is fully supported by Alcoa.
On the
whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.93 |
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1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.64 |
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 |
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.