|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT
( |
|
|
|
|
Formerly Known as: |
Clariant (Hongkong)
Ltd. |
|
|
|
|
Registered Office : |
Level 9, Tower I, Metroplaza, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
27.03.1975 |
|
|
|
|
Com. Reg. No.: |
04393398 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trader of 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”) |
|
|
|
|
No. of Employees : |
21,202 (Group employees) |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 levies excise duties on only four
commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl
alcohol. There are no quotas or dumping laws. 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 9.1% of
total system deposits in Hong Kong by the end of 2012, an increase of 59% from
the previous 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 34.9 million in 2012,
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 2012 mainland Chinese companies constituted about 46.6% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% 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, and less than 2% in 2012. Credit
expansion and tight housing supply conditions caused Hong Kong property prices
to rise rapidly and inflation to rise 4.1% in 2012. 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: 852-2406 4111, 852-2406 4003; 852-2406 4127
FAX: 852-2407 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 6,038 million (Year ended 31-12-2012)
Group Employees: 21,202. (As at 31-12-2012)
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.
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 27-03-2013)
|
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 27-03-2013)
|
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, DE-65812 Bad Soden am Taunus, Germany. |
(As per registry
dated 27-03-2013)
|
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: 21,202. (As at 31-12-2012)
Materials/Commodities: Imported from Switzerland and other European countries.
Markets: China, Hong Kong and other Asian countries.
Group Sales: 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 5,571 million (Year ended 31-12-2011) - Restated
CHF 6,038 million (Year ended 31-12-2012)
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 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)
CHF 238 million (Year ended 31-12-2012)
Group Total Equity: 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)
CHF 3,040 million (As at 31-12-2012)
Profit or Loss: Group business was profitable in the past three 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.
The Group conducts its business through seven Business Units: Additives; Catalysis & Energy (as of 1st January, 2013 renamed: Catalysts); Functional Materials; Industrial & Consumer Specialties; Masterbatches; Oil & Mining Services and Pigments. Clariant owns 63.4 % of the publicly traded company Clariant Chemicals (India) Ltd, based in Thane, India, and listed on the Bombay Stock Exchange (ISIN INE492A01029, symbol: CLARICHEM) and the National Stock Exchange of India (symbol: CLNINDIA). The company also owns 75% of Clariant (Pakistan) Ltd, based in Karachi, Pakistan, and listed on the Karachi Stock Exchange (ISIN PK007670101). On 2nd July, 2012, Sud‑Chemie AG, which is based in Munich, Germany, and was acquired on 21st April, 2011, was fully integrated into the Clariant Group via a merger with Clariant Produkte (Deutschland) GmbH.
Since 1st January, 2010, Clariant’s operating structure
comprises ten business units, which have full responsibility for their
operating results. Further, following
the acquisition of the Sud-Chemie Group in April 2011, Clariant added the
business units Catalysis & Energy and Functional Materials as two new
segments. In accordance with IFRS 8,
Operating Segments, these twelve business units qualify to be reported in the
following eight reportable segments:
·
Industrial
& Consumer Specialties
Masterbatches
Pigments
Functional Materials
Textile Chemicals
Catalysis &
Energy
Oil & Mining
Services
Leather Services
All
other business units, namely Additives, Detergents & Intermediates, Emulsions,
and Paper Specialties, were combined in Performance Chemicals in prior periods.
In 2012 Clariant set out to rearrange its portfolio of business activities. In December 2012 a contract was signed with the US based SK Capital to sell the business units Textile Chemicals, Paper Specialties and Emulsions and pursuing the project to find a buyer for the business units Leather Services and Detergents & Intermediates. For these reasons, all these business units are reported as ‘discontinued operations’.
The sales of Clariant Group amounted to CHF 6,038 million in the full-year 2012, grew by 8.4% as compared to CHF 5,571 million in 2011. The net income of the Group amounted to CHF 238 million, decreased by 5.2% as compared with CHF 251 million in 2011.
The subject has about 150 employees in Hong Kong. However, the Group has about 21,202 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.
REMARKS:
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.59.73 |
|
UK Pound |
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.