|
Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT (CHINA) LTD. |
|
|
|
|
Registered Office : |
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai Chung,
New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
27.03.1975 |
|
|
|
|
Reg. No.: |
04393398 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Importer and Exporter ·
Manufacturer of Direct dyes; paper chemicals;
optical bleaching agent; basic dyes; textile chemicals; acid and mordant
dyes; leather chemicals, etc ·
Importer of Tanning substances; solvent,
fluorescent brightener; reactive dyes; optical bleaching agent; masterbatch;
direct dyes, etc ·
Exporter of Masterbatch; direct dyes;
plasticisers for plastics; reactive dyes; pigment and mixture; optical
bleaching agent; solvent, fluorescent brightener; textile chemicals; other
dyes, sulphur; detergent agent; paper chemicals, etc |
|
|
|
|
No. of Employees : |
22,149. (As at 31-12-2011) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
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'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, it again faces a possible slowdown as exports to the Euro zone and US slump. 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 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. 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 exports 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 28 million in 2011, 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 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. 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.
|
Source : CIA |
CLARIANT (CHINA)
LTD.
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai Chung,
New Territories, Hong Kong.
PHONE: 2406 4111, 2406 4003;
2406 4127
FAX: 2407 4694
E-MAIL: greater.china@clariant.com
President (Asia Pacific region):
Mr. Peter Artur Lindner
Incorporated on: 27th March, 1975.
Organization: Private Limited Company.
Capital: Nominal: HK$93,250,000.00
Issued: HK$93,250,000.00
Business Category: Chemical
Manufacturer and Trader.
Group Sales: CHF 7,370 million (Year ended 31-12-2011)
Group Employees: 22,149.
(As at 31-12-2011)
Main Dealing Bankers: Swiss Bank
Corporation, Hong Kong Branch.
Union
Bank of Switzerland, Hong Kong Branch.
Citibank
N.A., Hong Kong Branch.
The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
CLARIANT (CHINA)
LTD.
Registered Head
Office & Warehouse:-
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai Chung,
New Territories, Hong Kong.
Production Plant:-
PPP Production Plant (Same BR
No.)
15-17 Wang Lok Street, Yuen Long Industrial Estate, Yuen Long,
New Territories, Hong Kong.
[Tel: 2473 8100; Fax: 2474 7706]
P.O. Box 227, Texaco Road Post Office, Tsuen Wan, New Territories,
Hong Kong.
China Offices:-
Shanghai
Headquarter
No.
2, Lane 168, Linhong Road, Changning District, Shanghai 200335, China.
[Tel: (86-21) 2248 3000; Fax: (86-21)
2248 3840]
Qingdao
Representative Office
Room 2802, Sunshine Tower, No. 61 Xiang Gang Zhong Lu, 266071 Qingdao,
Shandong Province, China.
[Tel: (86-532) 573 3820; Fax: (86-532)
577 0772]
Guangzhou
Representative Office
Room 708-709, China Hotel Office Tower, Liu Hua Lu, 510015 Guangzhou,
Guangdong Province, China.
[Tel: (86-20) 8668 4334; Fax: (86-20)
8667 4105]
Wuhan Representative Office
No. 788, Baimeigui Hotel, Minzhu Road, Wuchang District, 430071 Wuhan,
Hubei Province, China.
[Tel: (86-27) 8789 3366; Fax: (86-27)
8781 6526]
Immediate Holding
Company:-
Clariant International Ltd.
Rothausstrasse 61, CH-4132 Muttenz, Switzerland.
[Tel: 41-61-469 6745; Fax:
41-61-469 6767]
Ultimate Holding
Company:-
Clariant Ltd., Switzerland.
Subsidiaries:-
Clariant Chemicals (China) Ltd., China.
Clariant Chemicals Trading (Shanghai) Ltd., China.
Clariant Masterbatches (Beijing) Ltd., China.
Clariant Masterbatches (Guangzhou) Ltd., China.
Clariant Masterbatches (Shanghai) Ltd., China.
Clariant Trading (China) Ltd., China.
Associated/Affiliated
Companies:-
Clariant Group of
Companies
Airses S.A.S., France.
Arab Swiss Ltd., Egypt.
Baotou Sud-Chemie Chemical Materials Co. Ltd., China.
Bentofrance S.A.S., France.
Chemindus Sdn. Bhd., Malaysia.
Chemtreat Composites India Pvt. Ltd., India.
Clariant (Argentina) SA, Argentina.
Clariant (Australia) Pty. Ltd., Australia.
Clariant (Bangladesh) Ltd., Bangladesh.
Clariant (Canada) Inc., Canada.
Clariant (Colombia) SA, Colombia.
Clariant (Ecuador) SA, Ecuador.
Clariant (Egypt) SAE, Egypt.
Clariant (Guatemala) SA, Guatemala.
Clariant (Gulf) FZE, UAE.
Clariant (Hellas) SA, Greece.
Clariant (Italia) SpA, Italy.
Clariant (Japan) KK, Japan.
Clariant (Korea) Ltd., Korea.
Clariant (Malaysia) Sdn. Bhd., Malaysia.
Clariant (Maroc) SA, Morocco.
Clariant (México) S.A. de C.V., Mexico.
Clariant (New Zealand) Ltd., New Zealand.
Clariant (Österreich) GmbH, Austria.
Clariant (Perú) SA, Peru.
Clariant (Philippines) Corporation, Philippines.
Clariant (RUS) LLC, Russia.
Clariant (Singapore) Pte. Ltd., Singapore.
Clariant (Sverige) AB, Sweden.
Clariant (Sverige) Holding AB, Gothnburg.
Clariant (Thailand) Ltd., Thailand.
Clariant (Tianjin) Ltd., China.
Clariant (Türkiye) AS, Turkey.
Clariant (Uruguay) SA, Uruguay.
Clariant (Vietnam) Ltd., Vietnam.
Clariant Administração de Bens Ltda., Brazil.
Clariant Advanced Materials GmbH, Germany.
Clariant Beteiligungen AG, Switzerland.
Clariant Beteiligungs GmbH, Germany.
Clariant Bohai Pigments Preparations (Tianjin) Ltd., China.
Clariant Chemicals (Guangzhou) Ltd., China.
Clariant Chemicals (Huizhou) Ltd., China.
Clariant Chemicals (India) Ltd., India.
[Listed]
Clariant Chemicals (Taiwan) Co. Ltd., Taiwan.
Clariant Chemie Wiesbaden GmbH, Germany.
Clariant Chemiebeteiligungen AG, Switzerland.
Clariant Colorquimica (Chile) Ltda., Chile.
Clariant Consulting (Middle East) Ltd., Switzerland.
Clariant Consulting AG, Switzerland.
Clariant Consulting S.A. de C.V., El Salvador.
Clariant Corporation, USA.
Clariant Distribution UK Ltd., UK.
Clariant Europa EWIV, Germany.
Clariant Finance (BVI) Ltd., British Virgin Islands.
Clariant Finance (Luxembourg) SA, Luxemburg.
Clariant Honduras S.A. de C.V., Honduras.
Clariant Horsforth Ltd., UK.
Clariant Ibérica Producción SA, Spain.
Clariant Ibérica Servicios SL, Spain.
Clariant Insurance AG, Liechtenstein.
Clariant International AG, Switzerland.
Clariant Masterbatch Ibérica SA, Spain.
Clariant Masterbatches (Deutschland) GmbH, Germany.
Clariant Masterbatches (Finland) Oy, Finland.
Clariant Masterbatches (France), France.
Clariant Masterbatches (Italia) SpA, Italy.
Clariant Masterbatches (Malaysia) Sdn. Bhd., Malaysia.
Clariant Masterbatches (RUS) LLC, Russia.
Clariant Masterbatches (Saudi Arabia) Ltd., Saudi Arabia.
Clariant Masterbatches (Thailand) Ltd., Thailand.
Clariant Masterbatches Benelux SA, Belgium.
Clariant Masterbatches Huningue, France.
Clariant Masterbatches Ireland Ltd., Ireland.
Clariant Masterbatches Norden AB, Sweden.
Clariant Masterbatches UK Ltd., UK.
Clariant Oil Services AG, Switzerland.
Clariant Oil Services Scandinavia AS, Norway.
Clariant Oil Services UK Ltd., UK.
Clariant Pakistan Ltd., Pakistan.
Clariant Participations (The Netherlnads) B.V., Netherlands.
Clariant Pigments (Tianjin) Ltd., China.
Clariant Prodotti (Italia) SpA, Italy.
Clariant Production (France), France.
Clariant Production UK Ltd., UK.
Clariant Productos Quimicos S.A. de C.V., Mexico.
Clariant Products (Switzerland) Ltd., Switzerland.
Clariant Produkte (Deutschland) GmbH, Germany.
Clariant Produkte (Schweiz) AG, Switzerland.
Clariant Reinsurance Ltd., Bermuda.
Clariant SA, Brazil.
Clariant SE, Germany.
Clariant Services (France), France.
Clariant Services UK Ltd., UK.
Clariant Slovakia s.r.o., Slovakia.
Clariant Southern Africa (Pty) Ltd., South Africa.
Clariant Specialty Chemicals (Zhenjiang) Co. Ltd., China.
Clariant Specialty Fine Chemicals (France), France.
Clariant Trading (Guatemala) SA, Guatemala.
Clariant Trading (Panamá) SA, Panama.
Clariant Venezuela SA, Venezuela.
Clariant Vertrieb (Deutschland) GmbH und Co. KG, Germany.
Clariant Verwaltungsgesellschaft mbH, Germany.
Clariant Vierte Chemie GmbH, Germany.
Clearwater Technologies Ltd., British Virgin Islands.
COLEX Spolka z o.o., Poland.
Colex Spolka z o.o., Poland.
EBITO Chemiebeteiligungen AG, Switzerland.
Hangzhou Baihe Clariant Pigments Co. Ltd., China.
Inversiones Techito S.A.C., Peru.
Italtinto India Private Ltd., India.
Italtinto S.r.l., Italy.
Jiangsu Süd-Chemie Chemical Materials Co. Ltd., China.
Jiangsu Süd-Chemie Performance Packaging Material Co. Ltd., China.
K.J. Quinn, France.
Katapult LLC Albany, USA.
LifePo4+C Licensing AG, Switzerland.
Lufeng Clariant Chemicals Ltd., China.
Minera Dona Herminia S.A., Peru.
Minera Sumex S.A. de C.V., Mexico.
Nova Clariant Portugal Unipessoal Lda., Portugal.
P.T. Clariant Indonesia, Indonesia.
Panjin Süd-Chemie Catalysts Co. Ltd., China.
Phostech Lithium GmbH, Garmany.
Phostech Lithium Inc. St. Bruno de Montarville, Canada.
Sab-Ai Co., Japan.
SC Beteiligungsgesellschaft mbH, Germany.
Shanghai Süd-Chemie Catalysts Co. Ltd., China.
Societa Sarda Bentonite S.r.l., Italy.
Tecpro Holding Corporation Inc., USA.
The Egyptian German Co. for Dyes & Resins SAE, Egypt.
etc.
04393398
0042228
President (Asia Pacific region):
Mr. Peter Artur Lindner
Nominal Share Capital: HK$93,250,000.00 (Divided into 932,500 shares of
HK$100.00 each)
Issued Share Capital: HK$93,250,000.00
(As per registry dated 27-03-2012)
|
Name |
|
No. of shares |
|
Clariant International Ltd. Rothausstrasse 61, CH-4132 Muttenz, Switzerland. |
|
932,499 |
|
Clariant Products (Switzerland) Ltd. Rothausstrasse 61, CH-4132 Muttenz, Switzerland. |
|
1 |
|
|
|
––––––– |
|
|
Total: |
932,500 ====== |
(As per registry dated 27-03-2012)
|
Name (Nationality) |
Address |
|
Per Erik SJÖBERG |
Björcksgatan 3, SE-416 52 Göteborg, Sweden. |
|
Alfred Christian MÜNCH |
Zelglistrasse 4, CH-8127 Forch, Switzerland. |
|
Ralf-Henri Erich Wolfram SCHLÖMER |
Fuchshohl 12, DE-65812 Bad Soden am Taunus, Germany. |
(As per registry dated 27-03-2012)
|
Name |
Address |
|
WONG Man Wai |
Flat 3304, 33/F., Hong Ying Court, Lam Tin, Kowloon, Hong Kong. |
The subject was incorporated on 27th March, 1975 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Sandoz Colours
Ltd., name changed to Sandoz Industrial Chemicals Ltd. on 11th October, 1988;
to Clariant (Hongkong) Ltd. on 8th August, 1995; and further to Clariant
(China) Ltd. on 8th October, 1997.
Formerly the subject was located at 1/F.-5/F., Sandoz Centre, 178‑182 Texaco
Road, Tsuen Wan, New Territories, Hong Kong, moved to the present address
in late August 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Manufacturer,
Importer, Exporter and Distributor.
Lines:-
Manufacturer – Direct dyes;
paper chemicals; optical bleaching agent; basic dyes; textile chemicals; acid
and
mordant dyes; leather chemicals;
masterbatch; disperse dyes; sulphur dyes; reactive dyes; pigment and mixture.
Importer – Tanning
substances; solvent, fluorescent brightener; reactive dyes; optical bleaching
agent; masterbatch; direct dyes; textile chemicals; acid and mordant dyes;
pigment and mixture; other dyes, sulphur dyes; disperse dyes; prepared pigment;
leather chemicals; paper chemicals; detergent agent.
Exporter – Masterbatch;
direct dyes; plasticisers for plastics; reactive dyes; pigment and mixture; optical
bleaching agent; solvent, fluorescent brightener; textile chemicals; other
dyes, sulphur; detergent agent; paper chemicals; disperse dyes; tanning
substances; acid and mordant dyes; prepared pigment; leather chemicals.
Group Employees: 22,149. (As at 31-12-2011)
Materials/Commodities: Imported
from Switzerland and other European countries.
Markets: China,
Hong Kong and other Asian countries.
Group Sales: CHF
8,533 million (Year ended 31-12-2007)
CHF 8,071 million (Year ended 31-12-2008)
CHF 6,614 million (Year ended 31-12-2009)
CHF 7,120 million (Year ended 31-12-2010)
CHF 7,370 million (Year ended 31-12-2011)
Terms/Sales: Various terms.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$93,250,000.00 (Divided into 932,500 shares of
HK$100.00 each)
Issued Share Capital: HK$93,250,000.00
Alternation of Capital:-
|
27-03-1975 |
paid up |
HK$ 200.00 |
|
27-03-1975 |
paid up |
HK$ 2,999,800.00 |
|
29-05-1979 |
paid up |
HK$ 5,000,000.00 |
|
31-12-1998 |
paid up |
HK$ 85,250,000.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 93,250,000.00 ============== |
Increases of
Nominal Capital:-
|
From |
HK$3,000,000.00 |
to |
HK$ 8,000,000.00 |
on |
09-05-1979 |
|
From |
HK$8,000,000.00 |
to |
HK$93,250,000.00 |
on |
31-12-1998 |
Mortgage or
Charge:-
Date of Mortgage: 13-07-1984
Amount: HK$20,000,000
Property: Part
G/F., 1/F. - 5/F. & Part 6/F., Car Parking Spaces Nos. P1, P2, P3, L3, L4,
P6, P7,
P8, L8, L9 & L10, Loading Bay Lift H
& Lifts, and other area on G/F. of Sandoz Centre, 178‑182 Texaco
Road & New Road, Tsuen Wan, New Territories, Hong Kong.
Mortgagee: Swiss
Bank Corporation, Hong Kong Branch.
Group Net Income/(Loss):CHF 5
million (Year ended 31-12-2007)
(CHF
37 million) (Year ended
31-12-2008)
(CHF 194 million) (Year ended 31-12-2009)
CHF 191 million (Year ended 31-12-2010)
CHF 251 million (Year ended
31-12-2011)
Group Total Equity: CHF
2,372 million (As at 31-12-2007)
CHF 1,987 million (As at 31-12-2008)
CHF 1,896 million (As at 31-12-2009)
CHF 1,806 million (As at 31-12-2010)
CHF 3,026 million (As at 31-12-2011)
Profit or Loss: Group
business was profitable in the past two years.
Condition: Keeping in a good condition.
Facilities: Making active use of general
banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Bankers:-
Swiss Bank Corporation, Hong Kong
Branch.
Citibank N.A., Hong Kong Branch.
Credit Suisse First Boston, Hong Kong
Branch.
Hang Seng Bank Ltd., Hong Kong.
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Union Bank of Switzerland, Hong Kong
Branch.
Standing: Very Good.
Clariant (China) Ltd. [CCL], previously known as Sandoz Industrial
Chemicals Ltd., was a wholly-owned subsidiary of Sandoz Chemicals Ltd., a
Switzerland-registered firm. Since
Sandoz Chemicals Ltd. had been spun off from the Sandoz Group (one of the world’s
largest chemical manufacturers founded in Basle over a century ago) and renamed
as Clariant Ltd. [Clariant] which is listed on the Swiss Stock Exchange with
the symbol “CLN” in 1995. Sandoz
Industrial Chemicals Ltd. then changed name to Clariant (Hongkong) Ltd. on 8th
August, 1995, and further to CCL which is the present style on 8th October,
1997. CCL is now a wholly-owned
subsidiary of Clariant International Ltd., also a Switzerland-based firm and a
100%-owned subsidiary of Clariant. CCL
is trading in the following products:-
Industrial Chemicals (MircoReaction Tech., Blue Laser Discs,
Nanostructured Ceramics , From Switzerland), Dyeing, Tanning & Colouring
Materials (Organic pigment/textile/plastic dyes including disperse dyes from
Switzerland, Obtained the “Certificate of Hong Kong Origin - CEPA”)
CCL has set up a production plant in Yuen Long Industrial Estate,
New Territories, Hong Kong.
Products include dyes and chemicals in variety. Main markets are China, Hong Kong and other
Asian countries. Business is active and
steady.
CCL serves as a platform for Clariant’s activities in Greater China
providing the expertise, know how and facilities to secure a leading position
in the region’s rapidly growing chemical market. Over the last few years, CCL has shown
continuous growth. About 1,000 employees
work currently for Clariant’s Greater China operations.
Clariant’s operational network in Greater China consists of entities in
Hong Kong and Taiwan as well as a technical services centre and a trading
company in Shanghai and representative offices in Beijing, Guangzhou, Shenzhen
and Qingdao which support the Group’s marketing activities and provide
technical services to its customers.
Furthermore Clariant is partner of four joint ventures, which are located
in Tianjin and Guangzhou. These
companies produce dyestuffs, pigments and masterbatches. In November 1999,
Clariant’s own trading company was set up in Shanghai which allows direct
import of goods and ensures a rapid delivery to customers in the industrial
zone of this major Chinese city.
Clariant has set up the following three new joint ventures in China:-
Clariant Specialty Chemicals (Zhenjiang) Co. Ltd.
Hangzhou Baihe Clariant Pigments Co. Ltd.
Lufeng Clariant Chemicals Ltd.
Clariant is represented on five continents with more than 100 group
companies.
Clariant is the holding company of the Clariant Group. The Group develops, manufactures, distributes
and sells a broad range of specialty chemicals which play a key role in its
customers’ manufacturing and treatment processes or add value to their end
products. The Group has manufacturing
plants around the world and sells mainly in countries within Europe, the
Americas and Asia.
Clariant owns 63.4% of the publicly traded companies Clariant Chemicals
(India) Ltd, listed on the Bombay Stock Exchange, ISIN no. INE492A01029, symbol
CLARICHEM, and the National Stock Exchange of India, symbol CLNINDIA. Clariant also owns 75% of Clariant (Pakistan)
Ltd, listed on the Karachi Stock Exchange, ISIN no. PK007670101.
Clariant expanded through the incorporation of the speciality chemicals
business of Hoechst (Germany) in 1997, and the acquisitions of BTP plc (UK) in
2000 and Ciba’s Masterbatches division in 2006.
In 2008, it acquired the leading US colorant suppliers Rite Systems and
Ricon Colors. The latest acquisition,
the highly-innovative specialty chemicals company Süd-Chemie (Germany), was
completed on 21st April, 2011.
On 16th February 2011 Clariant announced a series of transactions,
pursuant to which it acquired the specialty chemical company Sud-Chemie AG at
an aggregate enterprise value of approximately CHF 2.5 billion. Sud-Chemie AG was acquired partially in
exchange for cash and partially in exchange for newly issued Clariant shares.
Since 1st May 2011, the sales and results of Sud-Chemie’s Catalyst
business and its Adsorbent & Additive unit have been included in the
Clariant Group’s consolidated financial statements. On 1st July 2011 these businesses were renamed
Catalysis & Energy (catalysts) and Functional Materials (adsorbents and
additives). Clariant therefore has
twelve instead of ten Business Units, and Clariant’s external reporting
structure now includes nine segments instead of the seven that existed in 2010.
The sales of Clariant Group amounted to CHF 7,370 million in the
full-year 2011, grew by 3.5% as compared to CHF 7,120 million in 2010. The net income of the Group amounted to CHF
251 million, grew by 31.4% as compared with CHF 191 million in 2010.
The Group made good profits in the past two years.
For Clariant 2011 was marked by the acquisition of Sud-Chemie AG, the
slowdown in economic growth over the course of the year, and highly negative
currency effects.
The good results of the Group were achieved on the back of the success
of the Project Clariant and Clariant Excellence initiatives that were launched
in 2009. Clariant reached its goal of
setting the company on a profitable growth path. It will continue to pursue
this strategy systematically based on the sound operational and financial
foundation already established in order to attain the ambitious objectives for
2015, which include increasing the EBITDA margin before exceptional items to
about 17 percent, provided that there is a stable economic environment. Clariant will take further important steps in
this direction in 2012, although there are still uncertainties regarding
precise forecasts due to the effects of the global financial crisis on the
world economy.
Clariant has invested over CHF 200 million in China alone over the past
five years, and had 15 production sites there at the end of 2011.
The goal is to more than double the Clariant Group’s sales in China from
CHF 424 million in 2010 to around CHF 1 billion by 2016/17.
As is the case in China, Clariant is focusing on supplying the Indian
automotive sector as well as the biotechnology industry, which both are
expanding rapidly in the region. The aim
is to triple Clariant’s 2010 sales in India of approximately CHF 205 million by
2016/17. In addition to organic growth
and the introduction of new, innovative products, the company is also examining
selective acquisitions in India.
The subject has about 150 employees in Hong Kong. However, the Group has about 22,149 employees
worldwide.
CCL is fully supported by Clariant Group.
On the whole, in view of the parentage and background of CCL, consider
it good for normal business engagements.
Property information of the company:-
Property Location: Part
G/F., 1/F. - 5/F. & Part 6/F., Car Parking Spaces Nos. P1, P2, P3, L3, L4,
P6, P7, P8, L8, L9 & L10, Loading Bay
Lift H & Lifts, and other area on G/F., Sandoz Centre, 178-182 Texaco Road,
Tsuen Wan, New Territories, Hong Kong.
Owner: Clariant
(China) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
13-07-1984 |
HK$20,000,000 |
Swiss Bank Corporation, Hong Kong Branch. |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.