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Report Date : |
12.11.2013 |
IDENTIFICATION DETAILS
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Name : |
LIDL HONG KONG LTD. |
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Registered Office : |
25/F., |
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Country : |
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Date of Incorporation : |
28.02.2006 |
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Com. Reg. No.: |
36488288 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Garments, textile products,
electric products, mobile phones, baby products, other general merchandise |
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No. of Employees : |
40. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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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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 |
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Source
: CIA |
LIDL HONG KONG
LTD.
25/F.,
(old address at:
Unit 2901-2913, 29/F.,
PHONE: 852-2581 9792, 2545 0821
FAX: 852-2581
9775, 2851 3912
Managing Director: Mr. Volker Harald
Herbert Glaeske
Incorporated on: 28th
February, 2006.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,500,000.00
Issued: HK$10,500,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
40.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
LIDL HONG KONG
LTD.
Registered Head
Office:-
25/F.,
Holding Company:-
ERF Beteiligungs
Ultimate Holding
Company:-
Lidl Stiftung & Co. KG,
Associated
Companies:-
Lidl Group of Companies
Dieter Schwarz Stiftung Gemeinnutzige GmbH,
Kaufland Stiftung & Co. KG,
Lidl Asia Pacific Sourcing Ltd., Hong Kong. (Different address)
Lidl
Lidl Belgium GmbH & Co. KG,
Lidl
Lidl d.o.o. k.d.,
Lidl Danmark K/S,
Lidl Dienstleistung GmbH & Co. KG,
Lidl France, France.
Lidl Hrvatska doo k.d.,
Lidl
Lidl
Lidl Magyarország Kereskedelmi
Lidl Malta Ltd.,
Lidl Nederland GmbH, the
Lidl North Ireland
Lidl Polska Sklepy Spozywcze Sp. z o.o. Sp. k.,
Lidl Schweiz
Lidl Slovenská republika v.o.s.,
Lidl
Lidl Supermercados S.A.U.,
Lidl Sverige KB,
Lidl UK Ltd.,
Schwarz Beeiligungs
Schwarz Unternehmenstreuhand KG,
etc.
36488288
1027052
Managing Director: Mr. Volker
Harald Herbert Glaeske
Nominal Share Capital: HK$10,500,000.00
(Divided into 10,500,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,500,000.00
(As per registry dated 28-02-2013)
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Name |
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No. of shares |
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ERF Beteiligungs GmbH Berliner Chaussee 13, D-16559 |
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10,500,000 ======== |
(As per registry dated 13-05-2013)
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Name (Nationality) |
Address |
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Volker Harald Herbert GLAESKE |
Flat E, 19/F., Tower 6, |
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Maarten-Jan KOSTER |
G/F., |
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Kurt Walter SCHILLI |
Flat C, 25/F., Honor Villa, |
(As per registry dated
03-09-2013)
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Name |
Address |
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Tricor Corporate Secretary Ltd. |
Level 54, Hopewell Centre, 183 Queen’s Road East, |
0714799 |
The subject was incorporated on 28th February, 2006 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 2901-2913, 29/F., Millennium
City 2,
Apart from these, neither material change nor amendment has been ever traced
and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Garments,
textile products, electric products, mobile phones, baby products, other
general merchandise
Employees: 40.
Commodities Imported:
Markets:
Terms/Sales:
As per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$10,500,000.00 (Divided into 10,500,000
shares of HK$1.00 each)
Issued Share Capital: HK$10,500,000.00
Profit or Loss: Making a small profit in the past years.
Condition: Business
is rather active.
Facilities: Making
active use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
Good.
Incorporated in February 2006, Lidl Hong Kong Ltd. is a wholly-owned
subsidiary of ERF Beteiligungs GmbH which is a Germany-based firm.
At the very beginning, the shares held by ERF Beteiligungs GmbH were
held by Fortra Overseas Services Inc. which is a BVI-registered firm. On 28th March, 2006, Fortra Overseas
Services Inc. transferred all its shares to ERF Beteiligungs GmbH which is the
current sole shareholder.
The current director of the subject Mr. Volker Harald Herbert Glaeske is
a Hong Kong ID Card holder. Being a
German, he has been in
The subject has had an associated company Lidl Asia Pacific Sourcing
Ltd. which is located at a different address in
The subject is the buying office of the Lidl Group [Lidl] in
The subject is trading in the following products:-
Suits & Jackets - Men’s, Children’s Wear, Blouses, Coats, Denim
Garments, Dresses & Skirts, Evening & Party Dresses, Shirts, Knitwear,
Cardigan , Sweater & Pullover, Tee & Sweat Shirts, Underwear - Women’s,
Nightwear & Pyjamas, Sportswear, Fashion Accessories, Footwear, Games &
Toys - Electronic, Clock - Analogue, AC, Cameras & Photographic Equipment,
Bathroom Mat, Babies’ Wear, Baby Bed/Cot, Office Equipment, Healthcare Product
- Electrical, Audio-Visual Products, Computer & Peripherals, Electrical
Appliances, Lighting Products, Lamps, Lamp - Ceiling, AC, Lamp - Desk, AC, Lamp
- Wall, AC, Chandelier, Halogen Lamp, Tiffany Lamp, Outdoor Lamp, Lamp - Floor,
Spotlight, Bulbs, Lamp Parts, Lamp Shade - Others, Ballast, Light Dimmer,
Lighting Equipment - Commercial, Stage Light, Telecom Products, Mobile Phone
& Mobile Phone Equipment (Mobile Devices & Accessories), Mobile Phone
(smart phones), Security Products, Solar Lamp, Testing Instrument For
Electrical/Electronic Product, Console Game, Electronic Gadgets,
Electronic/Electrical Components & Accessories, Imitation/Costume
Jewellery, Reading Glasses, Sunglasses, Quilt, Table Cloth & Napkin -
Embroidered, Table Cloth & Napkin - Non-Embroidered, Placemat - Fabric,
Coaster - Fabric, Tea Towel, Huck Towel, Toilet Seat Cover - Fabric, Towel -
Kitchen, Curtain - Shower, Christmas Light, Quality Management Services,
Lighting Design, Trade/Industrial Title Publishing, Quality/Laboratory Testing
Services, Electronics Technology, Testing & Certification, Multimedia
Products, Digital Products, Crystal Lights, Green Lighting, LED Lighting,
Tablet PC, etc.
Employing about 40 employees, the subject currently is still looking for
“competitive suppliers” from worldwide countries.
Lidl’s full name is Lidl Stiftung & Co. KG. It belongs to the holding company Schwarz,
which also owns the store chains Handelshof and Kaufland.Lidl is expanding
strongly throughout
Lidl is a German discount chain which is now one of the most successful
discounters in
Lidl is present in the following countries:
Lidl was founded in the 1930’s by a member of the Schwarz family, then
called Schwarz Lebensmittel-Sortimentsgrosshandlung. In the 1970’s, the first Lidl stores of
today’s incarnation opened.
In 1930, Josef Schwarz became a partner in Südfrüchte Grosshandel Lidl
& Co., a fruit wholesaler, and he developed the company into a general food
wholesaler. In 1977, under his son
Dieter Schwarz, Lidl & Schwarz began to focus on discount markets, larger
supermarkets, and cash and carry wholesale markets. The first Lidl discount store was opened in
1973, copying the Aldi (Lidl’s main competitor) concept. In 1977, the Lidl chain comprised 30 discount
stores. Dieter Schwarz’s problem was
that he could not just start using the Lidl name. As Schwarz Markt (Black Market) did not seem
as a good idea, he bought the right to use the Lidl name from Ludwig for 1,000
marks.
Now, Lidl is in almost all European countries. Its stores commonly carry about 800 different
items mostly under Lidl’s own brand.
Having its headquarters in
The Schwarz Group ranks as the fifth largest retailer in the world after
Walmart, Carrefour, Tesco and Metro AG.
The German-based retailer has experienced rapid growth across
The Schwarz Group has moved into
The Schwarz Group is the largest retail group in
The top executive is Mr. Klaus Gehrig.
Since establishing in the
The Schwarz Group’s Lidl discount store division operated approximately
9,800 stores in 26 European markets, contributing sales of EUR 45.4 billion
(£35.4 billion).
In Germany, Schwarz Group’s speed of expansion has slowed down remarkably
– previously it focused on expanding and gaining market share. The group is now focusing on qualitative
improvements and generally higher demands in terms of footfall and
profitability for new store sites.
Lidl, with its focus on virtually all Western and most central European
markets, is investing in the roll-out of in-store bakeries in larger and more
modern shops. The initiative is seen as
a means of attracting shoppers looking out for fresh products.
The subject’s another associate Schwarz Beteiligungs-GmbH operates food
stores, supermarkets, hypermarkets, and discount stores. The company operates supermarkets and
hypermarkets under the brand names Kaufland, Handelshof, and Kaufmarkt; and
discount stores under Lidl brand. The
company also operates wholesale market under the brand name Ruef. The company is based in
The subject has got an associated company Lidl Asia Pacific Sourcing
Ltd. which is a Hong Kong-registered company.
The subject is fully supported by Lidl.
Business is active in
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.30 |
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1 |
Rs.101.36 |
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Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.