MIRA INFORM REPORT
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Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
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Name : |
TCL OVERSEAS MARKETING CO., LIMITED |
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Registered Office : |
Alameda Dr Carlos
De (5th Fl), Assumpaco, No 263
Edif China Civil Plaza |
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Country : |
Macau |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Offshore Company -
Private Limited |
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Line of Business : |
Subject has been registered
in order to be engaged in purchasing, selling, transferring, arranging,
negotiating, financing, swapping, owning, managing, lending or borrowing
money, giving or taking on a commission basis, mortgage, pledge, leasing,
usage, usufruct or antichresis, any kind of property, either movable or
immovable property, shares or rights, as well as entering into any act,
contract, and legal business transaction in the Republic of Panama or any
other country, foreign territory or district |
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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 : |
Offshore Company |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Macau |
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 |
macau ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to foreign
competition in 2001, Macau has attracted tens of billions of dollars in foreign
investment, transforming the territory into one of the world's largest gaming
centers. Macau's gaming and tourism businesses were fueled by China's decision
to relax travel restrictions on Chinese citizens wishing to visit Macau. By
2006, Macau's gaming revenue surpassed that of the Las Vegas strip, and
gaming-related taxes accounted for more than 70% of total government revenue.
Macau's economy slowed dramatically in 2009 as a result of the global economic
slowdown, but strong growth resumed in 2010-11, largely on the back of tourism
from mainland China and the gaming sectors. In 2012, this city of 582,000 hosted
nearly 28 million visitors. Almost 60% came from mainland China. Macau's
traditional manufacturing industry has slowed greatly since the termination of
the Multi-Fiber Agreement in 2005. China is Macau's second largest goods export
market, behind Hong Kong, and followed by the United States. In 2012, exports
were less than US$1 billion, while gaming receipts were US$38 billion, a 13.5%
increase over 2011. Macau's economy expanded by 10% in 2012; although
impressive, it was a slower growth rate than in previous years. Macau continues
to face the challenges of managing its growing casino industry,
money-laundering, and the need to diversify the economy away from heavy
dependence on gaming revenues. Macau's currency, the pataca, is closely tied to
the Hong Kong dollar, which is also freely accepted in the territory.
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Source : CIA |
Company name & address
TCL OVERSEAS MARKETING CO., LIMITED
ALAMEDA DR CARLOS DE
(5TH FL), ASSUMPACO
NO 263 EDIF CHINA
CIVIL PLAZA, MACAU
TEL: UNKNOWN FAX: UNKNOWN
Alert report!
This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:
l Information obtained is insufficient for
compiling a standard report.
l The enquired co has been out of business or
its business address has been untraceable.
It should be noted
that the time and manpower spent on preparing such type of report might be
greater than those on a standard report. On many occasions, the information in
this type of report still indicates the current status of the enquired co. and
serves as a useful reference to assess its credit standing.
COMPANY DETAILS
Established UNKNOWN
Registration Number UNKNOWN
Legal Status Offshore Company - Private Limited
Business Type UNKNOWN
SC is
not known to host website of its own at present.
ADVERSE DATA
MONITORING
Dishonored Checks No
Found
Debt No
Found
Litigation No
Found
Performance Defaults No Records
Found
Adverse Press Coverage No
Records Found
Money Laundering No
Records Found
SC’s shareholder
details are not available at present.
SC’s management
details are not available at present.
BUSINESS DETAIL
Line of Business N/A
Items Dealing In N/A
Terms of Purchase N/A
Terms of Sale N/A
Employees UNKNOWN
Range of Products UNKNOWN
Export Market UNKNOWN
Certifications NIL
BUSNIESS TREND
& PROSPECT
Business Scale N/A
Business Trend N/A
Management
Capability N/A
Reputation N/A
SC is not known to have any subsidiary at present.
SC’s financial details are not available at present.
SC’s bank details are not available at present.
The subject is an
OFF SHORE company. It has been registered in order to be engaged in purchasing,
selling, transferring, arranging, negotiating, financing, swapping, owning,
managing, lending or borrowing money, giving or taking on a commission basis,
mortgage, pledge, leasing, usage, usufruct or antichresis, any kind of
property, either movable or immovable property, shares or rights, as well as
entering into any act, contract, and legal business transaction in the Republic
of Panama or any other country, foreign territory or district.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
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UK Pound |
1 |
Rs.84.09 |
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Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.