MIRA INFORM REPORT

 

 

Report Date :

28.12.2013

 

IDENTIFICATION DETAILS

 

Name :

HC TRADING MALTA LIMITED

 

 

Registered Office :

No. 1, Level 4, St. George's Building, Elija Zammit Street STJ3151 St. Julian's

 

 

Country :

Malta

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

16.12.2005

 

 

Com. Reg. No.:

C 37587  

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacture of articles of concrete, plaster and cement

 

 

No. of Employees :

11

 

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 :

Satisfactory

Payment Behaviour :

No complaints

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Malta

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

MALTA - ECONOMIC OVERVIEW

 

Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for irregular migration, which has strained Malta's political and economic resources. Malta''s fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta''s economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta''s financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. Malta reduced its deficit below 3 percent of GDP, leading the EU to dismiss its official excessive deficit procedure against Malta in 2012

Source : CIA

company name and address

 

 

Name & Address:

NAME INQUIRED UNDER:

HC TRADING MALTA LIMITED

 

Correct Registered Name:

HC TRADING MALTA LIMITED

 

Address:

NO. 1, LEVEL 4, ST. GEORGE'S BUILDING, ELIJA ZAMMIT STREET
STJ3151 ST. JULIAN'S MALTA

 

Telephone:

+356-00356-22484800

 

Fax:

+356-00356-22484810

 

Email:

info@hctrading.com

 

Web:

www.hctrading.com

 

 

Business address:

NO. 1, LEVEL 4, ST. GEORGE'S BUILDING, ELIJA ZAMMIT STREET
STJ3151 ST. JULIAN'S MALTA

 

 

Company summary

 

 

Legal Status:

Legal Form:

Private Limited Liability Company

Private Limited Liability A private limited liability company is one that, in its constitutive document, restricts the rights to transfer shares, limits the number of its members to fifty and prohibits any invitation to the public to subscribe for any shares or debentures of the company.

 

Registration number and city:

C 37587  MFSA, TRIQ NOTABILE, BIRKIRKARA

 

Registration date:

16.12.2005

 

 

 

MECOS number: 1965530
National ID: C 37587
VAT number: MT 17775734


Company Status

 

 

Registration status: 16.12.2005 - registered company
Activity status: 2005 - Company is active

 

Principals

 

 

Shareholders

 

 

Full Name

Personal ID

Function

Nationality

Equity

Address

HEIDELBERGCEMENT TECHNOLOGY CENTER GMBH

 

Shareholder

 

0.08%
1 Ordinary - B

 

HCT HOLDING MALTA LIMITED
Registration: No. C 37555, MALTA

 

Shareholder

 

99.92%
1,249 Ordinary - A

 

 

Management

 

 

Full Name

Personal ID

Age

Function

Nationality

Qualification

Experience

Address

Mr. DANIEL H J GAUTHIER

EF194417

 

Legal representative

BELGIUM

not disclosed

not disclosed

49, CHEMIN DE STOISY
1400 NIVELLES BELGIUM

Mr. DANIEL H J GAUTHIER

EF194417

 

Judicial Representative

BELGIUM

not disclosed

not disclosed

49, CHEMIN DE STOISY
1400 NIVELLES BELGIUM

Mr. DANIEL H J GAUTHIER

EF194417

 

Director

BELGIUM

not disclosed

not disclosed

49, CHEMIN DE STOISY
1400 NIVELLES BELGIUM

JUAN BAUTISTA FERNANDEZ

BEB26223

 

Director

MALTA

 

 

SQAQ NUMRU 2, 6, TRIQ SANTA MARIJA
BALZAN MALTA

JUAN BAUTISTA FERNANDEZ

BEB26223

 

Legal representative

MALTA

 

 

SQAQ NUMRU 2, 6, TRIQ SANTA MARIJA
BALZAN MALTA

JUAN BAUTISTA FERNANDEZ

BEB26223

 

Judicial Representative

MALTA

 

 

SQAQ NUMRU 2, 6, TRIQ SANTA MARIJA
BALZAN MALTA

JAN ROLAND ERIKSSON

81051241

 

Director

SWEDEN

N/A

N/A

TIGNE POINT, T7B, NO 18
SLIEMA MALTA

JAN ROLAND ERIKSSON

81051241

 

Legal representative

SWEDEN

N/A

N/A

TIGNE POINT, T7B, NO 18
SLIEMA MALTA

JAN ROLAND ERIKSSON

81051241

 

Judicial Representative

SWEDEN

N/A

N/A

TIGNE POINT, T7B, NO 18
SLIEMA MALTA

Mr. John Borg Olivier

449763M

 

Company’s Official Secretary

MALTA

not disclosed

not disclosed

Triq Mannuel Agius, 1, Il-Murex
Swieqi MALTA

Mr. KERIM ERBEN

TR-P900065

 

Legal representative

TURKEY

not disclosed

not disclosed

A3 BLOK, DAIRE 06, GOKTURK BELDESI, ISTANBUL EVLERI, KEMERBURGAZ
ISTANBUL TURKEY

Mr. KERIM ERBEN

TR-P900065

 

Judicial Representative

TURKEY

not disclosed

not disclosed

A3 BLOK, DAIRE 06, GOKTURK BELDESI, ISTANBUL EVLERI, KEMERBURGAZ
ISTANBUL TURKEY

Mr. KERIM ERBEN

TR-P900065

 

Director

TURKEY

not disclosed

not disclosed

A3 BLOK, DAIRE 06, GOKTURK BELDESI, ISTANBUL EVLERI, KEMERBURGAZ
ISTANBUL TURKEY

Mr. CARL JOHAN OVE MALM

45652801

 

Legal representative

SWITZERLAND

not disclosed

not disclosed

TRIQ DANIEL SAMMUT, 22, VILLA FONTAINE
LIJA MALTA

Mr. CARL JOHAN OVE MALM

45652801

 

Judicial Representative

SWITZERLAND

not disclosed

not disclosed

TRIQ DANIEL SAMMUT, 22, VILLA FONTAINE
LIJA MALTA

Mr. CARL JOHAN OVE MALM

45652801

 

Director

SWITZERLAND

not disclosed

not disclosed

TRIQ DANIEL SAMMUT, 22, VILLA FONTAINE
LIJA MALTA


OTHER DIRECTOR'S INVOLVEMENTS:

Kerim Erben:

HC Green Trading Limited - C 54467
Director
Legal Representative
Judicial Representative

HCT HOLDING MALTA LIMITED - C 37555
Director
Legal Representative
Judicial Representative

Daniel H J Gaithier:

HC Green Trading Limited - C 54467
Director
Legal Representative
Judicial Representative

HCT HOLDING MALTA LIMITED - C 37555
Director
Legal Representative
Judicial Representative

Carl Johan Ove Malm:

HCT HOLDING MALTA LIMITED - C 37555
Director
Legal Representative
Judicial Representative

HC Green Trading Limited - C 54467
Director
Legal Representative
Judicial Representative

JAN ROLAND ERIKSSON ERIKSSON is involved in the following company/companies:

HCT HOLDING MALTA LIMITED - C 37555
Director
Legal Representative
Judicial Representative

JUAN BAUTISTA FERNANDEZ is involved in the following company/companies:

HC Green Trading Limited - C 54467
Director
Legal Representative
Judicial Representative

HCT HOLDING MALTA LIMITED - C 37555
Director
Legal Representative
Judicial Representative

 

 

Activities

 

 

Activities:

Contractors & Distributors & Exporters

 

Operations:

NACE
  2369 Manufacture of other articles of concrete, plaster and cement


SIC
  3241 Cement, Hydraulic

The subject's activities are related to transactions outside Malta - trade in clinker, cement for granulated blast furnace slug, gypsum, limestone, white cement, oil well cement, coal, pet coke and all other bulk cargo of the cement industry and similar industries.

The subject has divided its trading activities into two different regions; East and West. The western region consist of the Med Basin and Black Sea, Europe, America and Middle East area. The eastern region includes Asia Pacific, South East Asia and Africa.

Industry Classification - NAICS
Cement Manufacturing

Detailed Description of Industry Classification:

Cement Manufacturing (NAICS #32731)
This industry comprises establishments primarily engaged in manufacturing portland, natural, masonry, pozzalanic, and other hydraulic cements. Cement manufacturing establishments may calcine earths or mine, quarry, manufacture, or purchase lime. Mining or quarrying limestone--are classified in U.S. Industry 212312, Crushed and Broken Limestone Mining and Quarrying; Manufacturing lime--are classified in Industry 327410, Lime Manufacturing; Manufacturing ready-mix concrete--are classified in Industry 327320, Ready-Mix Concrete Manufacturing; and Manufacturing dry mix concrete--are classified in U.S. Industry 327999, All Other Miscellaneous Nonmetallic Mineral Product Manufacturing.

 

Motor Vehicles:

This information is not available

 

Imports:

This information is not available

 

Exports:

Payment terms:

All Kinds of Terms

 

 

WORLD

 

Agencies:

This information is not available

 

Trade Suppliers:

This information is not available

 

 

 

Workforce:

 

Number Of Employees:

11

 

Description Of Premises:

Address:

NO. 1, LEVEL 4, ST. GEORGE'S BUILDING, ELIJA ZAMMIT STREET
ST. JULIAN'S MALTA

Type of premises:

Premises

 

Headquarters:

The subject operates from premises located at the above mentioned address.

 

 

Related Companies

 

Affiliated Company
HC GREEN TRADING LIMITED , MALTA

Parent Company
HCT HOLDING MALTA LIMITED , MALTA , National ID: C 37555

Affiliated Company
HEIDELBERGCEMENT MALTA PRIMA LIMITED , MALTA , National ID: C 45698

Associated Company
PALATINA INSURANCE LIMITED , MALTA , National ID: C 44585

PLEASE NOTE BRIEF INFORMATION ON RELATED COMPANIES:

Parent Company:
Company Name HCT HOLDING MALTA LIMITED
Registration Date Dec 15, 2005
City/Locality ST. JULIANS, MALTA

Associates:
Company Name PALATINA INSURANCE LIMITED
Registration Date Jun 26, 2008
City/Locality SLIEMA SLM1022, MALTA

Affiliates:
Company Name HEIDELBERGCEMENT MALTA PRIMA LIMITED - STRUCK OFF
Registration Date Nov 27, 2008
City/Locality VALLETTA VLT1102, MALTA

Company Name HC Green Trading Limited
Registration Date Nov 21, 2011
City/Locality ST. JULIANS STJ 3151 , Country MALTA

 

 

Bankers

 

LOMBARD BANK MALTA P.L.C.
67, Republic Street, Valletta VLT 1117, Malta

Standard Chartered Bank
25 ‎London Bridge Street, ‎London SE‎19‎TB, ‎UK


Account numbers were not disclosed.

 

Press:

26.12.2013, No press/media available at present

 

 

Auditors / Accountants

Auditor: Emanuel Azzopardi
Date: 31.12.2012
Financials have been audited
Company: Ernst & Young, Regional Business Centre, Achille Ferris Street, Msida, Malta

 

 

Share Capital

Registered capital:

USD 1,547.00

Number of Ordinary - A:

1,249

Value per share of Ordinary - A:

USD 1.24

Number of Ordinary - B:

1

Value per share of Ordinary - B:

USD 1.24

 

Issued capital:

USD 1,547.00

Number of Ordinary - A:

1249

Value per share of Ordinary - A:

USD 1.24

Number of Ordinary - B:

1

Value per share of Ordinary - B:

USD 1.24

 

Paid-up capital:

USD 1,547.00

 

 

Charges

This information is not available

 

 

Finance

Amounts shown in US Dollar (USD) 

01.01.2012-31.12.2012

01.01.2011-31.12.2011

01.01.2010-31.12.2010

 



PROFIT & LOSS

 

Sales Turnover

986,116,892.00

845,109,080.00

823,754,950.00

 

Cost of Sales

-951,021,329.00

-820,620,003.00

-796,102,630.00

 

Gross Profit

35,095,563.00

24,489,077.00

27,652,320.00

 

Other Operating Income

3,181,492.00

5,873,393.00

3,850,190.00

 

Administrative Expenses

-4,267,639.00

-3,848,621.00

-3,711,253.00

 

Other Operating Expenses

-145,078.00

 

 

 

Operational Profit

33,864,338.00

26,513,849.00

27,791,257.00

 

Financial Income

53,199.00

95,944.00

80,167.00

 

Profit Before Taxation

33,917,537.00

26,609,793.00

27,871,424.00

 

Taxation

-11,878,205.00

-9,320,305.00

-9,762,235.00

 

Profit for the year

22,039,332.00

17,289,488.00

18,109,189.00

 



BALANCE SHEET

 

Property, Plant & Equipment

61,452.00

73,598.00

74,548.00

 

Other Financial Fixed Assets

1,484.00

7,090.00

13,549.00

 

Total Fixed Assets

62,936.00

80,688.00

88,097.00

 

Inventory / Stock

 

 

387,409.00

 

Trade Debtors (receivables from customer)

99,863,833.00

90,165,358.00

33,984,838.00

 

Cash in Hand & at Bank

47,672,952.00

53,474,772.00

76,490,488.00

 

Total Current Assets

147,536,785.00

143,640,130.00

110,862,735.00

 

Total Assets

147,599,721.00

143,720,818.00

110,950,832.00

 

Called up share capital (issued capital stock)

1,547.00

1,547.00

1,547.00

 

Total Equity

1,547.00

1,547.00

1,547.00

 

Taxation Due

11,878,570.00

9,320,776.00

9,762,597.00

 

Total Current Liabilities

147,598,174.00

143,719,271.00

110,949,285.00

 

Total Equity & Liabilities

147,599,721.00

143,720,818.00

110,950,832.00

 

Creditors

135,719,604.00

134,398,495.00

101,186,688.00

 

Total Liabilities

147,598,174.00

143,719,271.00

110,949,285.00


Please note that the subject declined to release any further detailed and latest financial information neither such data was found being officially published.

 

 

GENERAL COMMENTS

 

HC Trading is the International Trading Arm of the HeidelbergCement Group with trade offices in Dubai, Florida, Istanbul, Malta, Shanghai and Singapore.

Filed changes‎:
20.09.2013: Jonathan Hugh Wilshaw Gardner resigned from the post of company director.
09.09.2013: Jan Roland Albert Eriksson and Juan Bautista Fernandez have been appointed as directors.
13.09.2012 - Yvette Stevens resigned from the post of company secrtary. John Borg Olivier was appointed in her stead.
03.01.2011 - Hamdi Sarp ‎Taskapilioglu resigned from the post of company director.
15.10.2009 – Mr. Jonathan Hugh Wilshaw was appointed director.‎
31.05.2009 – Mr. Roger Clayton resigned from the post of director and Mr. Hamdi Sarp ‎Taskapilioglu was appointed in his stead.‎
01.07.2008 – Mr. Roger Clayton was appointed a director of the Company.
12.05.2008 - Due to his demise, Mr. Petter Bernt Hjertholm, is no longer a ‎director of the Company‎.‎

Court information:
No pending court cases have been found.

We have contacted the company and sent an email. To date no reply has been received.

Please note that the information provided in this report was obtained from official and publicly available sources.

 

 

Malta

Source: Doing Business - The World Bank Group: 2013

 

 

 

 

 

Economy Overview

 

 

 

 

 

Region

Europe

 

Income Category

High income

 

Population

419,000

 

GNI Per Capita (US$)

21,028

 

Doing Business 2013 Rank:

102

 

Doing Business 2012 Rank:

102

 

Change in Rank

0

 

 

 

 

Getting Credit

 

 

 

 

 

DB 2013 Rank

176

 

DB 2012 Rank

176

 

Change in Rank

0

 

 

 

 

Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to credit. The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from 0- 6, with higher values indicating that more credit information is available from a public registry or private bureau.

 

 

 

 

 

 

 

 

Indicator

Malta

OECD

 

 

 

Strength of legal rights index (0-10)

3

7

 

 

 

Depth of credit information index (0-6)

0

5

 

 

 

Public registry coverage (% of adults)

0

10.2

 

 

 

Private bureau coverage (% of adults)

0

67.4

 

 

 

 

 

 

 

 

 

Protecting Investors

 

 

 

 

 

 

 

 

 

 

 

DB 2013 Rank

70

 

 

 

 

DB 2012 Rank

66

 

 

 

 

Change in Rank

(-) 4

 

 

 

 

 

 

 

 

 

 

The indicators below describe three dimensions of investor protection: transparency of transactions (Extent of Disclosure Index), liability for self-dealing (Extent of Director Liability Index), shareholders� ability to sue officers and directors for misconduct (Ease of Shareholder Suits Index) and Strength of Investor Protection Index. The indexes vary between 0 and 10, with higher values indicating greater disclosure, greater liability of directors, greater powers of shareholders to challenge the transaction, and better investor protection.

 

 

 

 

 

 

 

 

Indicator

Malta

OECD

 

 

 

Extent of disclosure index (0-10)

3

6

 

 

 

Extent of director liability index (0-10)

6

5

 

 

 

Ease of shareholder suits index (0-10)

8

7

 

 

 

Strength of investor protection index (0-10)

5.7

6.1

 

 

 

 

 

 

 

 

 

Trading Across Borders

 

 

 

 

 

 

 

 

 

 

 

DB 2013 Rank

34

 

 

 

 

DB 2012 Rank

35

 

 

 

 

Change in Rank

(+) 1

 

 

 

 

 

 

 

 

 

 

The costs and procedures involved in importing and exporting a standardized shipment of goods are detailed under this topic. Documents associated with every official procedure are counted - starting from the final contractual agreement between the two parties, and ending with the delivery of the goods.

 

 

 

 

 

 

 

 

Indicator

Malta

OECD

 

 

 

Documents to export (number)

6

4

 

 

 

Time to export (days)

11

10

 

 

 

Cost to export (US$ per container)

855

1,028

 

 

 

Documents to import (number)

7

5

 

 

 

Time to import (days)

9

10

 

 

 

Cost to import (US$ per container)

970

1,080

 

 

 

 

 

 

 

 

 

Resolving Insolvency

 

 

 

 

 

 

 

 

 

 

 

DB 2013 Rank

67

 

 

 

 

DB 2012 Rank

69

 

 

 

 

Change in Rank

(+) 2

 

 

 

 

 

 

 

 

 

 

The time and cost required to resolve bankruptcies is shown below. The data identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process. The recovery rate, expressed in terms of how many cents on the dollar claimants recover from the insolvent firm, is also shown.

 

 

 

 

 

 

 

 

Indicator

Malta

OECD

 

 

 

Time (years)

3

1.7

 

 

 

Cost (% of estate)

10

9

 

 

 

Outcome (0 as piecemeal sale and 1 as going concern)

0

1

 

 

 

Recovery rate (cents on the dollar)

39.2

70.6

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.06

UK Pound

1

Rs.102.03

Euro

1

Rs.85.27

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.