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Report Date : |
23.04.2013 |
DENTIFICATION DETAILS
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Name : |
LC
MAXER INTERNATIONAL H.K.
LTD. |
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Formerly Known as: |
Maxer International
H.K. Ltd. |
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Registered Office : |
c/o SBC Corporate Services Ltd., Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.04.2005 |
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Com. Reg. No.: |
35496903 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
trading in chemical products for leather finishing |
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No. of Employees : |
Not
available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office in Hong Kong
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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 (31.03.2012) |
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 |
LC MAXER INTERNATIONAL H.K. LTD.
Registered
Office:-
c/o SBC Corporate Services Ltd.
Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Langro-Chemie
Group of Companies:-
Corium Quimica Ltda., Brazil.
Langro Brasil Quimica Ltda., Brazil.
Langro-Chemie S.a.r.l., France.
LC Legros Ltd., Japan.
35496903
0961880
8th April, 2005.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 08-04-2012)
|
Name |
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No.
of shares |
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Andre
Schtscherbyna |
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8,000 |
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Langro-Chemie Theo Lang
GmbH Strohgaeustrasse
14, D-70435 Stuttgart, Germany. |
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2,000 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 21-08-2012)
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Name (Nationality) |
Address |
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Andre
Schtscherbyna |
1/F., No. 85 Pine Road, New
World Garden, Dong Cheng Area, Dong Guan City, Guang Dong Province, China. |
(As per registry
dated 08-04-2012)
|
Name |
Address |
Co.
No. |
|
SBC Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road,
Kowloon Bay, Kowloon, Hong Kong. |
0618863 |
LC Maxer International H.K. Ltd. was incorporated on 8th April, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Maxer International H.K. Ltd., name changed to the present style on 7th May, 2005.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong known as SBC Corporate Services Ltd. [SBCs] which is handling its correspondences and documents. SBC has had many branch companies in Hong Kong. It is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. However, we can reached the representative of the subject in Hong Kong at your given phone number 852‑2577 4306.
According to the Companies Registry of Hong Kong, the subject had issued 10,000 ordinary shares of HK$1.00 each of which 40% were owned by Mr. Andre Schtscherbyna, another 40% owned by Mr. Marcio Wienandts, and 20% owned by a Germany-based firm Langro-Chemie Theo Lang GmbH.
Now, the shareholders have been reshuffled. The subject is just jointly owned by Andre Schtscherbyna, holding 80% interests while Langro-Chemie Theo Lang GmbH, holding 20%.
Andre Schtscherbyna is also the only director of the subject. Currently he is residing in Dongguan City, Guangdong Province, China.
It seems that the subject has got a main office in Dongguan City, Guangdong Province, China.
The subject is a member of the Langro-Chemie Group, a Germany-based firm, which is trading in chemical products for leather finishing.
Langro-Chemie is a family-run company and producing chemical products for leather finishing. As a leading provider of leather chemicals and application systems, Langro-Chemie is working in the leather upholstery, garment and automotive industries as well as in the equestrian and the baggage sector. Langro-Chemie’s history is over 75 years. It has got ISO 9001:2008 and ISO 14001:2009 certifications.
In 2008, more than 50 persons work on the site in Stuttgart, Germany; and over 100 people are employed by Langro-Chemie worldwide. Langro‑Chemie is being represented by subsidiaries and independent agencies in all important centres of the leather industry.
Langro-Chemie is chiefly administered by Mr. Marco Lang and Mr. Tilo Schumacher. The former joined Langro-Chemie in 2000 and has taken over the management since 2006. The latter joined the Group in 1998. These two persons are the CEOs of the Group.
The subject is trading in the same products as Langro-Chemie. Prime markets are China and the other Asian countries.
Currently, the business of the Dongguan office is administered by Mr. Andre Schtscherbyna. He can be reached at his residence at Dongcheng Area of Dongguan City, Guangdong Province, China. His phone and fax number are 86-769-2234 2240 and 86-769-2205 6715 respectively.
The subject is fully supported by Langro-Chemie. History in Hong Kong is over seven years.
The subject’s business in Hong Kong is not active.
On the whole, since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
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UK Pound |
1 |
Rs.82.45 |
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Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
<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 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.