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Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
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Name : |
QUIMTIA LTD. |
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Registered Office : |
Unit 911, 9/F., |
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Country : |
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Date of Incorporation : |
22.07.2011 |
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Com. Reg. No.: |
58752619 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Food & Pharmaceuticals, Feedstuffs, Chemicals, etc. |
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No. of Employees : |
5 |
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RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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
QUIMTIA LTD.
ADDRESS: Unit 911, 9/F., Tai Yau Building,
181 Johnston Road, Wanchai, Hong Kong.
PHONE: 2573 3680
FAX: 2573 3860
E-MAIL: domenec.masferrer@quimtia.com
asia@quimtia.com
Managing Director: Mr. Domenec
Masferrer Benito
Incorporated on: 22nd July, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,163,308.00
Issued: HK$1,163,308.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Unit 911, 9/F., Tai Yau Building, 181 Johnston Road, Wanchai,
Hong Kong.
Associated Companies:-
Inmobal Nutrer S.A., Argentina.
Nuvital Nutrientes S.A., Brazil.
Quimtia S.A., Peru.
Quimtia S.A.S., Columbia.
58752619
1640251
Managing Director: Mr. Domenec
Masferrer Benito
Nominal Share Capital: HK$1,163,308.00 (Divided into 1,163,308 shares of
HK$1.00 each)
Issued Share Capital: HK$1,163,308.00
(As per registry dated 22-07-2012)
|
Name |
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No. of shares |
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Broadview Capital Management SA c/o Capital Holdings du, Sud SA, Avenue Beauregard 12,
1700 Fribourg, Switzerland. |
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1,163,308 ======= |
(As per registry dated 22-07-2012)
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Name (Nationality) |
Address |
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Domenec MASFERRER BENITO |
19/47 Sukhumvit Road, Soi 16, Klongtoey, Bangkok 10110, Thailand. |
(As per registry dated 22-07-2012)
|
Name |
Address |
Co. No. |
|
Prowise Services Ltd. |
Unit 2204, 22/F., Lippo Centre, Tower 2, 89 Queensway, Hong Kong. |
0681120 |
The subject was incorporated on 22nd July, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 8, 31/F., Lippo Centre, Tower
1, 89 Queensway, Hong Kong, moved to the present address with effect from
27th October, 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Food
& Pharmaceuticals, Feedstuffs, Chemicals, etc.
Employees: 5.
Commodities Imported: China, other Asian countries, etc.
Markets: South
America, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
Nominal Share Capital: HK$1,163,308.00 (Divided into 1,163,308 shares
of HK$1.00 each)
Issued Share Capital: HK$1,163,308.00
Alternation of Capital:-
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Initially |
paid up |
HK$
200,000.00 |
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July 2012 |
paid up |
HK$
963,308.00 |
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Total: |
paid up |
HK$
1,163,308.00 ============== |
Increases of Nominal Capital:-
|
From |
HK$
200,000.00 |
to |
HK$
1,163,308.00 |
in |
July 2012 |
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Quimtia Ltd. is a wholly-owned subsidiary of Broadview Capital
Management SA. which is a Bahamas-registered firm. The director of the subject Mr. Domenec
Masferrer Benito is residing in Bangkok, Thailand. He is a Spain passport holder.
Incorporated in July 2011, the subject is a member of the Quimtia Group
[Quimtia/Group]. It is also a logistic
and shipping centre in Asia of the Group.
The following firms are the main associates of the Group:-
·
Inmobal Nutrer S.A., Argentina;
·
Nuvital Nutrientes S.A., Brazil;
·
Quimtia S.A., Peru; &
·
Quimtia S.A.S., Columbia.
Quimtia is trading in the following businesses:-
1.
The Group develops, produces and supplies products
for the food and pharmaceutical industries.
It provides a complete solution to the market through efficient
resources management, backed by a solid experience in the industry for more
than 30 years;
2.
The Group develops, manufactures and markets
nutrition and animal health products for poultry, livestock and aquaculture
industries and for pets. Main markets
are several Latin‑American countries;
3.
Quimtia is a leading company in manufacture,
marketing and distribution of chemical products and industrial supplies. It wants to be a leader in productions and
distribution of industrial chemicals in South America, etc.;
4.
The Group is specialized in developing,
manufacturing and marketing natural pigments derived from Marigold flowers and
from the fruit of Paprika. It is the
only group dedicated to pigments worldwide that have achieved a strong vertical
integration, ensuring the entire production chain control, because it has its
own varieties of seeds and fields in different areas of Peru, which harvests
directly supply its industrial plants with cutting-edge technology; &
5.
Quimtia ventures in the market with production of
copper and zinc sulfates.
The subject is engaged in the same lines of business as Quimtia. History in Hong Kong is just over a year.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.58 |
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1 |
Rs.86.60 |
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Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.