MIRA
INFORM REPORT
|
Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SACMI HONG KONG
LTD. |
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Registered Office : |
Room A & B, 16/F., Neich Tower, 128 Gloucester Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.07.1991 |
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Com. Reg. No.: |
15242158 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of machinery and equipment. |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
a2 |
a2 |
|
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 |
Company name
SACMI HONG
KONG LTD.
Company ADDRESS
Room A & B, 16/F., Neich Tower, 128 Gloucester Road, Wanchai,
Hong Kong.
PHONE: 2598 8373, 2598 8801
FAX: 2598 5132, 2598 7917,
2598 0950
E-MAIL: sacmihk@sacmihk.com
MANAGEMENT
General Manager: Mr. Mauro Masini
SUMMARY
Incorporated on: 2nd
July, 1991.
Organization: Private
Limited Company.
Capital: Nominal: HK$6,750,000.00
Issued: HK$6,750,000.00
Business Category: Machinery Trader.
Group Turnover: €1,030
million (2010)
Employees:
10. (Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
company ADDRESS
Registered Head
Office:
Room A & B, 16/F., Neich Tower, 128 Gloucester Road, Wanchai,
Hong Kong.
Foshan Commercial
Branch:-
Nanhai Economic Development Zone, North Park, Xinye North Road, Shishan
Town, Nanhai District, 528222 Foshan City, Guangdong Province, China.
[ Tel: 86-757-8227 5937, 8227 5847
Fax: 86-757-8227 5867
E-mail: sacmi_foshanbranch@sacmi.cn ]
Holding Company:-
H.P.S. S.p.A., Italy.
Ultimate Holding
Company:-
Sacmi Imola S.C.
Via Selice Provinciale 17/A, 40026 Imola, Bologna, Italy.
[Tel: 39 0542 607111; Fax: 39 0542
642354]
Affiliated
Companies:-
Sacmi Group of Companies
Alpha Ceramics GmbH, Germany.
Carle & Montanari S.p.A., Italy.
Carle & Montanari U.S.A. Inc., USA.
Fima S.r.l., Italy.
Gaiotto Automation S.p.A., Italy.
Grade Two Ltd., UK.
Hayes Machine Co. Inc., USA.
HPS - Sinergia S.p.A., Italy.
IN.TE.SA S.p.A., Italy.
Iprel Progetti S.r.l., Italy.
Italiansped Ltd., Russian Federation.
Italiansped S.p.A., Italy.
KEMAC - Sacmi Impianti S.p.A., Italy.
Keratech S.p.A., Italy.
Laeis (Dalian) Trading Co. Ltd., China.
Laeis GmbH, Luxembourg.
Matrix S.r.l., Italy.
Moldes Ceramicos S.A. de C.V., Mexico.
Molds & Dies Ltd., USA.
Negri Bossi France S.A.S., France.
Negri Bossi Inc., Canada.
Negri Bossi Ltd., UK.
Negri Bossi Mexico S.A. de C.V., Mexico.
Negri Bossi S.A., Spain.
Negri Bossi S.p.A., Itlay.
Negri Bossi USA Inc., USA.
Nuova Fima S.p.A., Italy.
Oima S.p.A., Italy.
OOO Sacmi Mosca Ltd., Russian Federation.
OPM S.p.A., Italy.
P.T. Indosped Maju Sejahtera, Indonesia.
P.T. Molds & Dies Indonesia, Indonesia.
Pet Projecta S.r.l., Italy.
Plastinject S.p.A., Italy.
Protesa S.p.A., Italy.
Riedhammer GmbH, Germany.
Riedhammer Japan Co. Ltd., Japan.
Roboline S.r.l., Italy.
Sacmi (Changshu) Machinery Equipment Co. Ltd., China.
Sacmi (Shanghai) Machinery Equipment Co. Ltd., China.
Sacmi Beverage de Mexico S.A. de C.V., Mexico.
Sacmi Beverage Venezuela C.A., Venezuela.
Sacmi de Mexico S.A. de C.V., Mexico.
Sacmi Deutschland GmbH, Germany.
Sacmi do Brasil Industria e Comercio Ltda., Brazil.
Sacmi Engineering (India) Pvt. Ltd., India.
Sacmi Filling S.p.A., Italy.
Sacmi Forni S.p.A., Italy.
Sacmi Iberica S.A., Spain.
Sacmi Impianti India, India.
Sacmi Impianti S.A. Argentina, Argentina.
Sacmi Impianti S.p.A., Italy.
Sacmi Iran Sazeh Ceramic & Material Iranian Co., Iran.
Sacmi Istanbul Sanayi Ve Tic. Ltd. Sti., Turkey.
Sacmi Labelling SCM S.p.A., Italy.
Sacmi Machinery (Foshan Nanhai) Co. Ltd., China.
Sacmi Middle East, UAE.
Sacmi Molds & Dies S.p.A., Italy.
Sacmi Packaging S.p.A., Italy.
Sacmi Pakim S.r.l., Italy.
Sacmi Polska Sp. z o.o., Poland.
Sacmi Portugal, Portugal.
Sacmi Singapore Pte. Ltd., Singapore.
Sacmi USA Ltd., USA.
Sacmi Verona S.p.A., Italy.
Sacmi Vietnam, Vietnam.
Sacmi West Europe Beverage Technology, France.
Sama Maschinenbau GmbH, Germany.
Sima S.r.l., Italy.
etc.
BUSINESS REGISTRATION NUMBER
15242158
COMPANY FILE NUMBER
0316057
MANAGEMENT
General Manager: Mr. Mauro Masini
Executive Secretary: Ms. Pennie
Ko
Financial Manager: Mr. Roger Lee
GM Assistant: Ms. Jennifer Yeo
Sales Manager: Mr. Li Qiang Hui
CAPITAL
Nominal Share Capital: HK$6,750,000.00 (Divided into 6,750,000 shares of
HK$1.00 each)
Issued Share Capital: HK$6,750,000.00
SHAREHOLDER
(As per registry dated 02-07-2011)
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Name |
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No. of shares |
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H.P.S. S.p.A. Via Selice Provinciale 17/A, 40026 Imola, Bologna, Italy. |
|
6,750,000 ======= |
DIRECTORS
(As per registry dated 02-07-2011)
|
Name (Nationality) |
Address |
|
Stefano FOSCHINI (Italian) |
Via Malpighi, 29-48018 Faenza (RA), Italy. |
|
Giovanni LANCIERI (Italian) |
Via Tinti nr. 9, 40026 Imola (Bologna), Italy. |
|
Valerio GUERRINI |
Via Don Minzoni G., 14-48010 Fusignano (RA), Italy. |
SECRETARY
(As per registry dated 02-07-2011)
|
Name |
Address |
Co. No. |
|
Tricor Strath Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
0004873 |
HISTORY
The subject was incorporated on 2nd July, 1991 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Tarsel Ltd.,
name changed to the present style on 9th January, 1992.
Apart from these, neither material change nor amendment has been ever traced
and noted.
OPERATIONS
Activities: Importer
and Exporter.
Lines: All
kinds of machinery and equipment.
Employees: 10. (Hong Kong)
180. (China)
Commodities Imported: Imported from Italy, Europe, USA, etc.
Markets: Hong
Kong, China, other Asian countries, Europe, North America, etc.
Group Turnover: €1,074 million (2006)
€1,243
million (2007)
€1,172
million (2008)
€ 972 million
(2009)
€1,030
million (2010)
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
MEMBERSHIP
The Italian Chamber of Commerce in Hong Kong
and Macao, Hong Kong.
FINANCIAL INFORMATION
Nominal Share Capital: HK$6,750,000.00 (Divided into 6,750,000 shares of
HK$1.00 each)
Issued Share Capital: HK$6,750,000.00
Group Net Profit: €13.5
million (2006)
€30.1 million (2007)
€15.6 million (2008)
€ 4.3
million (2009)
Not available (2010)
Group Net Worth: €510
million (2006)
€533 million
(2007)
€541 million
(2008)
€541 million
(2009)
€548 million
(2010)
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active condition.
Facilities:
Making active
use of general banking facilities.
Payment:
Met trade
commitments on time.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Good.
GENERAL
Sacmi Hong Kong Ltd. is a
wholly-owned subsidiary of H.P.S. S.p.A. [HPS] which is an Italy-based
firm. The ultimate holding company Sacmi
Imola S.C. [Sacmi Imola] is also an Italy-based firm. The subject is a member of the Sacmi Group.
The subject, through its
representative offices in China and Vietnam (Hanoi and Saigon), is promoting sales,
marketing and after-sales services for and on behalf of the parent company —
Sacmi Imola which is a leading manufacturer of machinery and complete plants
for ceramic tiles, sanitary ware, tableware and refractory industries, as well
as closure, filling, labelling and packing industries.
The subject’s services,
including also the technical and technological assistance to assembly and
start-up and original Sacmi spare parts warehouse, are mainly carried out in
China, Vietnam, Japan, South Korea and Taiwan.
Maintenance, technological assistance and after-sales are provided
through the workshop and the laboratory of the Foshan office, Guangdong
Province, China which now has 180 employees working in a facility of 2,500
sq.m.
The Foshan office is
formally known as Sacmi Hong Kong Ltd. Foshan Commercial Braanch. Another firm known as Sacmi Machinery (Foshan
Nanhai) Co. Ltd. which is also a member of the Sacmi Group is also located at
the Foshan office.
The subject is engaged in
improving the before and after-sales services for the customers in China. It has set up representative offices in Hanoi
and Saigon of Vietnam, besides the Foshan office.
During the last 19 years,
the subject has opened branches and representative offices throughout China and
Vietnam. In 2002, it established two
wholly‑owned foreign companies in Foshan, Guangdong Province and
Shanghai. Foshan has then become the
headquarter for the Ceramic field while Shanghai is the headquarter for the
Packaging field.
The subject is the regional
office of Sacmi Group and the parent company is Sacmi Imola. Sacmi Imola was founded in 1919 and its
activities include complete turn-key plants for ceramic tiles, sanitary ware,
tableware, refractory and packaging fields, including machinery manufacturing,
complete plants supply, spare parts production and supply,
technical/technological assistance and know-how.
Sacmi Group has 3,795
employees in 82 companies and more than 3,000 clients all over the world. Now, the total net worth of the Group stands
at €548 million.
While the Group’s core
business has traditionally been – and remains – the design and construction of
machines and complete plants for the ceramic industry, Sacmi has steadily
branched out into other areas and now has four operating divisions, consisting
of companies specialised in cutting-edge technologies:-
Ceramics
Beverage and Packaging
Food Processing and
Inspection Systems
Plastics
The headquarter, with the
main workshop, ceramic and packaging research labs in Sacmi Imola, have
employed about 1,000 staff. Thousands of
Sacmi machine are in use all over the world and exports account for around 85%
of the Group’s total business.
Sacmi Imola is an
international group manufacturing machines and complete plants for the
Ceramics, Beverage and Packaging, Processing and Plastics industries – markets
in which it is a recognized worldwide leader.
The strengths of both sides of the business lie in the application of
innovative technology, the well-established position the Group holds on
international markets and its commitment to research in order to ensure
consistent top quality and service to the clients.
Maximised investment in
research, unwavering promotion of technological innovation, conscientious
attention to product and service quality, effective responses to the real needs
of world markets, extreme flexibility in taking advantage of technological
synergies and carrying out operative integration in widely differing
industries: these, in short, are the winning strategies that have allowed the Sacmi
Group to become a major international plant engineer in key sectors of the
economy.
The 2010 Group balance
sheet shows total sales of €1,030 million, representing an increase of 6.0% as
compared with €972 million in FY 2009.
The Sacmi Group has
production plants, distribution companies and service companies in 26
countries, and the parent company in Imola (Bologna, Italy) now controls over
70 firms via the holding company HPS. A
far-reaching presence that explains why over 90% of Group sales come from exports.
Moreover, the Sacmi Group
provides efficient assistance and services all over the world thanks to a
global network of over 28 companies, which provide customers with fast,
efficient, direct service on every continent.
That network is supported by telephone or web-based customer care
services.
The subject is fully
supported by the Sacmi Group.
On the whole, consider the
subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.29 |
RATING EXPLANATIONS
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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 |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.