MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOVACYL ASIA PACIFIC LIMITED |
|
|
|
|
Registered Office : |
Unit B, 16/F, Electronic Road, North Point |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.09.2011 |
|
|
|
|
Com. Reg. No.: |
1667387 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Chemicals. |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
Contact Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
NOVACYL ASIA PACIFIC LIMITED |
|
Supplied Name: |
NOVACYL ASIA PACIFIC LIMITED |
|
Trading Address: |
Unit B, 16/F, Electronic Road, North Point,
Hong Kong |
|
Supplied Address: |
Unit 18A 169 Electric Road North Point |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
|
|
Telephone Number: |
+852-2807-5300/5308 |
|
Fax Number: |
q |
|
Date of Registration: |
2011-9-26 |
|
Registered Number: |
1667387 |
|
Business Registration No.: |
59025380 |
|
Paid-up Capital: |
HKD 100 (USD 12.9) = 100 Shares@ HKD 1 (As of 2014.12, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
59899--Other chemical products and
preparations. |
|
Principal Activities: |
Trading of chemicals and etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-9-26 |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 2011-9-26 with the
registered number 1667387 as Private Limited Liability Company in
Corporate Structure
Parent Company
|
Name: |
Novacap |
|
Address: |
Le Carré Joannès 29, av. Joannès Masset CS 10619 69 258 |
|
Tel: |
+33 (0)4 26 99 18 00 |
|
Fax: |
+33 (0)4 26 99 18 38 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Novacap |
100 |
100% |
|
Total |
100 |
100% |
Major Shareholder Information:
|
Name: |
Novacap |
|
Address: |
29 Avenue Joannes Masset 69 009 Lyon |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Lau Poh Eng |
|
Address: |
Block 5, 21st Floor, Flat F, The
Bclcher’S 89 Pok Fu Lam Road Hong Kong |
|
Position: |
Director |
|
ID Number: |
P680430 (A) |
|
2 |
|
|
Name: |
Chou Vanessa Anne |
|
Address: |
56 Rue La Trolanderie 69250 Curis Au Mont
D’Or France |
|
Position: |
Director |
|
Passport Number: |
04C137646 |
|
Issuing Country: |
France |
|
3 |
|
|
Name: |
De Roquefeuil Marc Alain, Hubert, Jean,
Marie |
|
Address: |
2 Rue Clothilde Bizolon 69002 Lyon France |
|
Position: |
Director |
|
Passport Number: |
05CR84747 |
|
Issuing Country: |
France |
|
4 |
|
|
Name: |
Luzeau Pierre, Rene, Louis |
|
Address: |
32 Chemin De Monteillier 69450 Saint Cyr Au
Mont D’ Or France |
|
Position: |
Director |
|
Passport Number: |
13FV21813 |
|
Issuing Country: |
France |
|
5 |
|
|
Name: |
Grenier Gilles, Roger, Jean, Marie |
|
Address: |
25 Chemin Tracod 69260 Charbonniers Les
Bains France |
|
Position: |
Director |
|
Passport Number: |
12AZ03679 |
|
Issuing Country: |
France |
|
6 |
|
|
Name: |
Secreco Limited |
|
Address: |
8th Floor, Gloucester Tower, The
Landmark, 15 Queen’s Road Central, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
139490 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit B, 16/F, Electronic Road, North Point,
Hong Kong |
Premises Information
According to subject’s current trading
address, we did not find any premises information from local land registry; from
other source we can not obtain any relevant information, either.
Production Information
The subject is a trader of chemicals and etc
without any production activities.
Purchase Information
It is introduced that subject purchases its
products from factories of its group in France, China and Thailand.
Sales Information
The subject is mainly engaged in sales of
chemicals and etc.
It is introduced that subject is selling many
chemical materials such as Allyl Alcohol, YSA – Salicylic Acid, Methyl Salicylate,
Filtres UV, Rhodine – Acide Acetylsalicylique and etc.
Subject’s selling territory includes Asia,
Europe, America.
Subject’s major customers are pharmaceutical
industry.
Settlements
Purchase
Domestic Purchase
|
Products |
Chemicals |
|
Payment Terms |
Cash, T/T |
Import
|
Chemicals |
|
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Chemicals |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Chemicals |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no
obligation to supply its financial statement to the third party according to
the relevant policy in Hong Kong and the only source from which we can obtain
the information is the subject itself.
Subject’s relevant staff Ms. Lau rejected to
disclose the financial information, from other sources we could not obtain such
information, either.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
|
1 |
|
|
Company Name: |
Novacyl Asia Pacific Limited |
|
Instrument of Creating Mortgage: |
Security assignment (the “assignment”) |
|
Date of Creating Mortgage: |
2011-10-31 |
|
Date of Discharge of the Charge: |
2014-5-9 |
|
Amount Secured: |
Short Particulars of the Property Mortgaged
or Charged (Section 6) Unless previously defined, please refer to
Schedule 1 (Definitions) hereto for the definitions of the defined terms in
this Section 6. Assigned Property By way of Clause 3.1 of the Assignment, the
Assignor as sole legal and beneficial owner and as continuing security for
the irrevocable and unconditional payment or discharge of all the Secured
Obligations assigns absolutely to the Security Agent all its present and
future rights, title, benefits and interest to or in the Intragroup Loan
Contracts and the Intragroup Loan Receivables. Restrictions on dealing By way of Clause 7.2 of the Assignment, the
Assignor shall not without the prior written consent of the Security Agent (except
as expressly permitted by this Assignment and the Senior Facilities
Agreement): (a) take
or omit any action the taking or omission of which might prejudice (i) the
Assigned Property, (ii) the Security Agent’s interests under the Assigned
Property or (iii) this Assignment; (b) agree
to any material change in the provisions to any of the Intragroup Loan
Contracts, and/or amendment or modification of the terms thereof or agree to
the cancellation of any Intragroup Loan Contract; (c) rescind,
determine, vary, amend or otherwise cancel or waive compliance with any or
all of the Intragroup Loan Contracts; (d) purport
to vary or revoke any notice or instruction (including, without limitation,
any Notice of Assignment) relating to this Assignment which it has given or
may later give to any person; and (e) grant
time for payment or other indulgence, or compound with, discharge, waive,
release, or vary the liability of any other person under or in respect of the
Assigned Property or do or permit any set off or other act or thing whereby
the recovery of any monies payable or repayable under, or in respect of, the
Assigned Property may be materially delayed or impeded. Further assurance By way of Clause 8 of the Assignment and
subject to the Agreed Security Principles, the Assignor shall at any time and
from time to time if required by the Security Agent promptly sign, seal,
deliver and complete all documents, give such instructions or directions as
the Security Agent may require relating to any Assigned Property to protect
or preserve its Security and do all acts and things which the Security Agent
may require for perfecting its title to and Security over any Assigned
Property or vesting or enabling it to vest any Assigned Property in itself,
the Receiver or its nominee or in any purchaser or to facilitate the sale or
other disposal of any of the Assigned Property or the exercise of any of the
rights or powers attaching to any Assigned Property or hereby conferred on
the Security Agent such documents, to be prepared by or on behalf of the
Security Agent at the cost of the Assignor and to be in such form as the
Security Agent may require. |
|
Name of Mortgagee: |
HSBC Finance As Security Agent For The
Benefit Of The Secured Parties (The “ Security Agent”) |
|
Address of Mortgagee: |
103, Avenue Des Champs-Elysees, 75008 Paris |
|
Description of Property Mortgaged: |
Any reference in this form Ml to words
importing the singular number shall include the plural number and vice versa. |
|
2 |
|
|
Company Name: |
Novacyl Asia Pacific Limited (the “Chargor”) |
|
Instrument of Creating Mortgage: |
Charge over account (the “charge”) |
|
Date of Creating Mortgage: |
2011-10-31 |
|
Date of Discharge of the Charge: |
2014-5-9 |
|
Amount Secured: |
Unless previously defined, please refer to
Schedule 1 {Definitions) hereto for the definitions of the defined terms in
this Section 6. Charging Clause By way of Clause 3.1 of the Charge, the
Chargor as sole legal and beneficial owner and as continuing security for the
irrevocable and unconditional payment or discharge of all the Secured
Obligations charges and agrees to charge by way of first fixed charge to the
Security Agent all its present and future rights, title, benefits and
interest to or in the Deposit Monies, provided that, immediately upon a
withdrawal from the Charged Account by the Chargor in accordance with and to
the extent permitted by Clause 6 (Withdrawal) of the Charge, the Security
created by this Clause 3.1(a) of the Charge will be released to the extent of
such withdrawal immediately prior to such withdrawal. By way of Clause 3.2 of the Charge and
without prejudice and in addition to the Security created by Clause 3.1(a) of
the Charge, the Chargor as sole legal and beneficial owner and as continuing
security for the irrevocable and unconditional payment or discharge of all
the Secured Obligations charges and agrees to charge by way of first floating
charge to the Security Agent all its present and future rights, title,
benefits and interest to or in the Deposit Monies. By way of Clause 3.3 of the Charge and
without prejudice and in addition to the Security created by Clause 3.1(a) of
the Charge, the Secured Parties shall not be under any obligation in relation
to the Deposit Monies as a consequence of this Charge and the Chargor shall
at all times remain liable to perform all obligations expressed to be assumed
by it in respect of the Deposit Monies. Assignment By way of Clause 5 of the Charge, and
without prejudice to the Security created by Clause 3.1(a) and Clause 3.1(b)
of the Charge, the Chargor as sole legal and beneficial owner and as
continuing security for the irrevocable and unconditional payment or
discharge of all the Secured Obligations assigns and agrees to assign by way
of security to the Security Agent, subject to a provison for reassignment on
redemption, (i) all of its present and future rights, title, benefits and
interest to or in the Deposit Monies as continuing security for payment and
discharge of the Secured Obligations, and (ii) all of its rights to require
the Account Bank to pay interest on such Charged Account, in either case,
provided that, the Chargor may, at any time or from time to time, make
withdrawals from the Charged Account to the extent permitted by Clause 6
(Withdrawal) of the Charge. Restrictions on dealing By way of Clause 9.2 of the Charge, the
Chargor shall not without the prior written consent of the Security Agent
(except as expressly permitted by this Charge and the Senior Facilities
Agreement): (a) take
or omit any action the taking or omission of which might prejudice (i) the
Deposit Monies, (ii) the Security Agent's interests under the Deposit Monies
or (iii) this Charge; (b) rescind,
determine, vary, amend or otherwise cancel or waive compliance with any
agreement with the Account Bank (including, without limitation, any account
opening contract) relating to the Deposit Monies; or (c) purport
to vary or revoke any notice or instruction (including, without limitation,
any Notice of Charge to the Account Bank) relating to this Charge which it
has given or may later give to any person. Further Assurance By way of Clause 11 of the Charge and
subject to the Agreed Security Principles, the Chargor shall at any time and
from time to time if required by the Security Agent, acting reasonably,
promptly sign, seal, deliver and complete all documents, give such
instructions or directions as the Security Agent may require relating to any
Deposit Monies to protect or preserve its security and do all acts and things
which the Security Agent may require for perfecting its title to and
security over any Deposit Monies or vesting or enabling it to vest any
Deposit monies in itself, the Receiver or its nominee or in any purchaser or to
facilitate the sale or other disposal of any of the Deposit Monies or the
exercise of any of the rights or powers attaching to any Deposit Monies or
hereby conferred on the Security Agent such documents, to be prepared by or
on behalf of the Security Agent at the cost of the Chargor and to be in such
form as the Security Agent may require. |
|
Name of Mortgagee: |
HSBC Finance As Security Agent For The
Benefit Of The Secured Parties (The “ Security Agent”) |
|
Address of Mortgagee: |
103, Avenue Des Champs-Elysees, 75008 Paris |
|
Description of Property Mortgaged: |
Any reference in this form Ml to words
importing the singular number shall include the plural number and vice versa. |
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview Details
|
Name |
Ms. Lau |
|
Department: |
Sales Department |
Industry Information
59899--Other chemical products and
preparations.
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
-- |
1,916 |
-- |
11,913 |
|
Australia |
-- |
489 |
-- |
1,228 |
|
Belgium |
-- |
318 |
-- |
5,302 |
|
Canada |
-- |
701 |
-- |
2,538 |
|
USA |
-- |
22,056 |
-- |
159,593 |
|
Switzerland |
-- |
7,835 |
-- |
36,401 |
|
France |
-- |
6,712 |
-- |
20,943 |
|
Britain |
-- |
1,444 |
-- |
9,712 |
|
Japan |
-- |
80,307 |
-- |
547,066 |
|
Korea |
-- |
20,754 |
-- |
133,251 |
|
The Mainland of China |
-- |
59,100 |
-- |
348,805 |
|
Exports |
||||
|
Indonesia |
-- |
130 |
-- |
130 |
|
India |
-- |
257 |
-- |
610 |
|
Korea |
-- |
647 |
-- |
3,464 |
|
Macau |
-- |
8 |
-- |
253 |
|
Singapore |
-- |
16 |
-- |
96 |
|
Thailand |
-- |
291 |
-- |
882 |
|
Taiwan |
-- |
108 |
-- |
1,508 |
|
The Mainland of China |
-- |
7,717 |
-- |
41,261 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Unit B, 16/F, Electronic Road, North Point,
Hong Kong
Unit B, 16/F, Electronic Road, North Point,
Hong Kong
Unit B, 16/F, Electronic Road, North Point,
Hong Kong
Unit B, 16/F, Electronic Road, North Point,
Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.