MIRA INFORM REPORT
|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
UBE ( |
|
|
|
|
Registered Office : |
Room 1001-1009, 10/F., Sun Hung Kai Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
21.03.1995 |
|
|
|
|
Com. Reg. No.: |
508488 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
engaged in trading of chemicals and machines including Synthetic Rubber, Engineering Plastics, Caprolactam, Industrial Chemicals Injection Molding Machines and Die Casting Machines |
|
|
|
|
No of Employees : |
About 15 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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Hong Kong |
a1 |
a1 |
|
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 has no tariffs on imported goods, and it levies
excise duties on only four commodities, whether imported or produced locally:
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, its continued
reliance on foreign trade and investment leaves it vulnerable to renewed global
financial market volatility or a slowdown in the global economy. 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 12% of total system
deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have
caused Hong Kong property prices to rise rapidly; consumer prices increased by
more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from January 2014,
cover services and trade facilitation, and will improve access to the
mainland's service sector for Hong Kong-based companies.
|
Source : CIA |
Contact Points
|
Company Name (in Chinese): |
宇部(香港)有限公司 |
|
Company Name (in English): |
|
|
Supplied Name: |
UBE Hong Kong Ltd |
|
Trading Address: |
Room 1001-1009, 10/F, Sun Hung Kai Centre, 30 Harbour Road,
Hong Kong |
|
Supplied Address: |
30 Harbour Road Hong Kong |
Note: The exact name and address are as above.
Credit Summary
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 1001-1009,
10/F., Sun Hung Kai Centre, 30 Harbour Road,
Hong Kong |
|
Telephone Number: |
+852-2877-1628 |
|
Fax Number: |
+852-2877-1262 |
|
Date of Registration: |
1995-3-21 |
|
Registered Number: |
508488 |
|
Business Registration No.: |
18971255 |
|
Registered Capital: |
HKD 2,000,000 (USD 258,000) (As of 2014.12, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 2,000,000 (USD 258,000) = 2,000,000
Shares @ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
59899--Other chemical products and
preparations. |
|
Principal Activities: |
engaged in
trading of chemicals and machines including
Synthetic Rubber, Engineering Plastics, Caprolactam, Industrial Chemicals
Injection Molding Machines and Die Casting Machines |
|
Staff: |
About 15 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-3-21 |
History
Subject was incorporated on 1995-3-21 with the registered
number 508488 as Private Limited Liability Company in
Corporate Structure
Parent Company
|
Name: |
UBE Industries Ltd |
|
Address: |
12-32, Nishi-Honmachi, 1-Chome,
Ube-Shi, Yamaguchi-Ken, Japan |
|
Telephone Number: |
+81-836-312111 |
|
Fax Number: |
+81-836-212252 |
|
Listed at Stock Exchange: |
Yes, Stock Code: 4208 |
Major Related
Companies:
|
1. UBE Corporation Europe, S.A. (Spain) 2. UBE Europe Gmbh (Germany) 3. UBE Latin America Serviços Ltda. (Brazil) 4. UBE Singapore Pte. Ltd. (Singapore) 5. UBE KOREA CO., LTD. (South Korea) 6. UBE (SHANGHAI) LTD. (Shanghai, China) 7. UBE Taiwan Co., Ltd. (Taiwan) 8. UBE Industries India Private Ltd. (India) 9. UBE Film, Ltd. (Japan) 10. Thai Synthetic Rubbers Co., Ltd. (Thailand) 11. UBE Chemicals (Asia) Public Co., Ltd.
(Thailand) 12. UBE Engineering Plastics, S.A. (Spain) 13. UBE Ammonia Industry, Ltd. (Japan) 14. UBE-Mc Hydrogen Peroxide Co., Ltd. (Japan) 15. UBE-Nitto Kasei Co., Ltd. (Japan) 16. Meiwa Plastic Industries, Ltd. (Japan) 17. UBE Fine Chemicals (Asia) Co., Ltd. (Thailand) 18. UBE Material Industries, Ltd.
(Japan) 19. UBE Construction Materials Sales Co., Ltd.
(Thailand) 20. UBE Shipping & Logistics, Ltd. (Japan) 21. UBE Board Co., Ltd. (Japan) 22. Kanto Ube Holdings Co., Ltd. (Japan) 23. Daikyo Kigyo Co., Ltd. (Japan) 24. Hagimori Industries, Ltd. (Japan) 25. Nantong UBE concrete co., Ltd. (China) 26. UBE Machinery Corporation, Ltd. (Japan) 27. UBE Machinery Inc. (USA) 28. UBE Machinery (Shanghai) Ltd. (China) 29. UBE techno eng. Co., ltd (Japan) 30. UBE Steel Co., Ltd. (Japan) 31. Fukushima, Ltd. (Japan) 32. UBE C&A Co., Ltd.(Japan) 33. UBE-Maruzen Polyethylene Co., Ltd. (Japan) 34. UMG ABS, Ltd. (Japan) 35. UBE-Mitsubishi Cement
Corporation (Japan) |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
UBE America Inc. |
1 |
0.00005% |
|
UBE Industries Ltd |
1,999,999 |
99.99995% |
|
Total |
2,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
UBE America Inc. |
|
Address: |
55 East 59th Street, 18th
Floor, New York, NY 10022, U.S.A. |
|
2 |
|
|
Name: |
UBE Industries Ltd |
|
Address: |
12-32, Nishi-Honmachi, 1-Chome,
Ube-Shi, Yamaguchi-Ken, Japan |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Kan I |
|
Address: |
Room 602, Block 5, Yanlord Garden, 99
Pucheng Road, Pudong New Area, Shanghai City, China |
|
Position: |
Director |
|
Passport Number: |
TZ0782045 |
|
Issuing Country: |
Japan |
|
2 |
|
|
Name: |
Izumihara Masato |
|
Address: |
3-51-1-G301, Noukendai, Kanazawa-ku,
Yokohama, Kanagawa, 236-0057, Japan |
|
Position: |
Director |
|
Passport Number: |
TK0604049 |
|
Issuing Country: |
Japan |
|
3 |
|
|
Name: |
Matsuda Masahiro |
|
Address: |
Flat C, 47/F, Tower 3, Les Saisons, No. 28
Tai On Street, Hong Kong |
|
Position: |
Director |
|
ID Number: |
M172826(7) |
|
4 |
|
|
Name: |
Tricor Corporate Secretary Limited |
|
Address: |
Level 54, Hopewell Centre, 183 Queen’s Road
East, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
714799 |
Personnel
Structure
|
Total Employees |
Operation Information
|
|
Office |
|
Address: |
Room 1001-1009,
10/F, Sun Hung Kai Centre, 30 Harbour Road, Hong Kong |
Premises
Information
The subject is located at Room 1001-1009, 10/F, Sun Hung Kai Centre, 30 Harbour Road, Hong Kong. However, we cannot get any related registration information for this address in the official authorities.
Production
Information
l Subject is a trader of chemicals and machines
without any production activities.
Purchase
Information
l It is introduced that subject purchases products mainly from group
factories in Japan, Mainland China and Thailand.
Sales Information
l Subject is engaged in sale of chemicals and machines
l Subject’s main products synthetic rubber,
engineering plastics, caprolactam, industrial chemicals injection molding
machines and die casting machines
l Subject’s sale regions include Asia, Europe and
America.
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Chemicals and machines |
|
Payment Terms |
Interior Settlement, T/T |
2.
Import
|
Products |
Chemicals and machines |
|
Payment Terms |
Interior Settlement, T/T |
1.
Domestic Markets
|
Product |
Chemicals and machines |
|
Selling Terms |
T/T, Cash. |
2.
Export
|
Chemicals and machines |
|
|
Selling Terms |
L/C, T/T. |
Balance Sheet
Unit: JPY/Million
|
Consolidated |
2013-3-31 |
|
|
ASSETS |
|
|
|
Current assets: |
|
|
|
Cash and cash
equivalents |
30,098 |
35,962 |
|
Time deposits |
462 |
318 |
|
Receivables |
|
|
|
Trade notes and
accounts |
153,160 |
143,223 |
|
Others |
10,780 |
10,897 |
|
Allowance for doubtful
accounts |
-683 |
-507 |
|
Inventories |
82,402 |
81,754 |
|
Deferred tax
assets |
10,033 |
9,339 |
|
Other current
assets |
10,286 |
6,413 |
|
Total current
assets |
296,538 |
287,399 |
|
Property, plant
and equipment |
|
|
|
Land |
85,606 |
85,099 |
|
Buildings and
structures |
262,016 |
263,891 |
|
Machinery and
equipment |
675,367 |
659,629 |
|
Construction in
progress |
13,789 |
11,935 |
|
Accumulated
depreciation |
-704,362 |
-696,837 |
|
Total property,
plant and equipment, net. |
332,416 |
323,717 |
|
Property, plant
and equipment |
|
|
|
Land |
85,606 |
85,099 |
|
Buildings and
structures |
262,016 |
263,891 |
|
Machinery and
equipment |
675,367 |
659,629 |
|
Construction in
progress |
13,789 |
11,935 |
|
Accumulated
depreciation |
-704,362 |
-696,837 |
|
Total property,
plant and equipment, net. |
332,416 |
323,717 |
|
Investments and
other assets: |
|
|
|
Investment
securities |
45,701 |
40,786 |
|
Long-term loans
receivable |
511 |
285 |
|
Long-term
deferred tax assets |
6,265 |
8,012 |
|
Assets for retirement
benefits |
4,872 |
-- |
|
Other
non-current assets |
15,184 |
26,761 |
|
Allowance for
doubtful accounts |
-772 |
-1,076 |
|
Total
investments and other assets |
71,761 |
74,768 |
|
Total assets |
700,715 |
685,884 |
|
LIABILITIES AND
NET ASSETS |
|
|
|
Current
liabilities: |
|
|
|
Short-term loans
payable |
60,360 |
61,979 |
|
Commercial paper |
11,999 |
1,999 |
|
Current portion
of long-term debt |
35,154 |
40,680 |
|
Payables |
|
|
|
Trade notes and
accounts |
89,229 |
83,247 |
|
Others |
32,593 |
32,512 |
|
Accrued
employees’ bonuses |
6,815 |
7,117 |
|
Accrued income
taxes |
3,285 |
5,897 |
|
Other current
liabilities |
18,523 |
17,505 |
|
Total current
liabilities |
257,958 |
250,936 |
|
Long-term
liabilities: |
|
|
|
Long-term debt less
current portion |
136,888 |
140,390 |
|
Accrued
retirement benefits |
-- |
6,544 |
|
Liability for
retirement benefits |
7,019 |
-- |
|
Long-term
deferred tax liabilities |
3,683 |
4,376 |
|
Other long-term
liabilities |
29,812 |
32,885 |
|
Total long-term
liabilities |
177,402 |
184,195 |
|
Contingent
liabilities |
|
|
|
Net assets |
|
|
|
Capital stock,
without par value |
58,435 |
|
|
Capital surplus |
38,398 |
28,465 |
|
Retained
earnings |
142,307 |
135,981 |
|
Treasury stock |
-879 |
-776 |
|
Valuation
difference on securities |
2,985 |
2,436 |
|
Deferred hedge
loss, net |
-81 |
-278 |
|
Foreign currency
translation adjustments |
4,136 |
-8,754 |
|
Retirement
benefits liability adjustments |
-3,572 |
-- |
|
Share
subscription rights |
549 |
508 |
|
Minority
interests |
23,077 |
34,736 |
|
Total net assets |
265,355 |
250,753 |
|
Total
liabilities and net assets. |
700,715 |
685,884 |
Profit and Loss Account
Unit: JPY/Million
|
Consolidated |
2013-4-1~2014-3-31 |
2012-4-1~2013-3-31 |
|
Net sales |
650,510 |
626,022 |
|
Cost of sales |
546,340 |
517,769 |
|
Gross profit |
104,170 |
108,253 |
|
Selling, general
and administrative expenses |
79,757 |
78,291 |
|
Operating income |
24,413 |
29,962 |
|
Other income |
|
|
|
Interest and
dividend income |
847 |
916 |
|
Amortization of
negative goodwill |
134 |
90 |
|
Interest expense |
-2,922 |
-3,572 |
|
Equity in
earnings of unconsolidated subsidiaries and affiliated companies |
-39 |
1,239 |
|
Others, net |
-2,767 |
-12,793 |
|
|
-4,747 |
-14,120 |
|
Income before
income taxes and minority interests |
19,666 |
15,842 |
|
Income taxes |
|
|
|
Current |
4,865 |
11,007 |
|
Deferred |
1,917 |
-4,464 |
|
|
6,782 |
6,543 |
|
Income before
minority interests |
12,884 |
9,299 |
|
Minority
interests |
-261 |
-1,034 |
|
Net income |
12,623 |
8,265 |
Cash Flows
Unit: JPY/Million
|
Consolidated |
2013-4-1~2014-3-31 |
2012-4-1~2013-3-31 |
|
Cash flows from operating activities: |
|
|
|
Income before income taxes and minority
interests |
19,666 |
15,842 |
|
Depreciation and amortization |
32,400 |
31,384 |
|
Loss on impairment of fixed assets |
152 |
3,152 |
|
Interest and dividend income |
-847 |
-916 |
|
Interest expense |
2,922 |
3,572 |
|
Gain on sales of property, plant and
equipment |
-172 |
-260 |
|
Gain on sales of investment securities |
-3 |
-113 |
|
(Increase) decrease in receivables |
-6,138 |
8,876 |
|
Decrease (increase) in inventories |
2,428 |
677 |
|
Increase (decrease) in payables |
1,786 |
-7,407 |
|
Loss on business restructuring |
41 |
2,710 |
|
Changes in allowance for retirement benefits |
-6,576 |
-12 |
|
Changes in asset and liability for
retirement benefits |
2,147 |
-- |
|
Other, net |
-3,053 |
1,214 |
|
Subtotal. |
44,753 |
58,719 |
|
Interest and dividend received |
1,368 |
1,794 |
|
Interest payment |
-3,009 |
-3,699 |
|
Income tax payment |
-7,035 |
-11,545 |
|
Other, net |
983 |
857 |
|
Net cash provided by operating activities. |
37,060 |
46,126 |
|
Cash flows from investing activities: |
|
|
|
Proceeds from sales of property, plant and
equipment |
351 |
705 |
|
Acquisition of property, plant and equipment |
-36,275 |
-37,314 |
|
Proceeds from sales of investment securities |
19 |
39 |
|
Acquisition of investment securities |
-1,652 |
-5 |
|
Proceeds from sales of consolidated
subsidiaries’ stocks |
7 |
4,021 |
|
Acquisition of consolidated subsidiaries’
stocks |
-3,044 |
-6,687 |
|
(Increase) decrease in loans receivable |
-49 |
130 |
|
Other, net |
-99 |
48 |
|
Net cash used in investing activities |
-40,742 |
-39,063 |
|
Cash flows from financing activities: |
|
|
|
Proceeds from long-term borrowings |
23,754 |
28,680 |
|
Proceeds from long-term bonds |
10,053 |
14,925 |
|
Repayments of long-term borrowings |
-43,393 |
-35,970 |
|
Repayments of long-term bonds |
-110 |
-15,000 |
|
(Decrease) increase in short-term loans
payable |
-1,215 |
143 |
|
Increase (decrease) in commercial paper |
10,000 |
-1,000 |
|
Proceeds from issuance of shares to minority
shareholders |
-- |
9,663 |
|
Cash dividend paid |
-4,984 |
-5,054 |
|
Cash dividend paid to minority shareholders |
-747 |
-1,081 |
|
Other, net |
-849 |
-1,178 |
|
Net cash used in financing activities. |
-7,491 |
-5,872 |
|
Effect of exchange rate changes on cash and cash
equivalents |
1,694 |
1,467 |
|
(Decrease) increase in cash and cash
equivalents. |
-9,479 |
2,658 |
|
Cash and cash equivalents at beginning of
the year. |
35,962 |
33,107 |
|
Increase in cash and cash equivalents resulting from change in the
scope of consolidation |
327 |
197 |
|
Increase in cash and cash equivalents resulting from change in the reporting period of consolidated
subsidiaries. |
3,288 |
-- |
|
Cash and cash equivalents at end of the
year. |
30,098 |
35,962 |
Note:
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. Cheng rejected to disclose the financial
information, from other sources we could not obtain such information, either.
We found the consolidated financial information of subject’s parent company (UBE Industries Ltd) from public files
for reference.
Bankers
Subject declined to disclose its bank details;
from other source we could not obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of subject was found.
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
|
Interview Date: |
2014-12-18 |
|
Name: |
Ms. Cheng |
|
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
Sun Hung Kai Centre, 30 Harbour Road,
Hong Kong
%20LIMITED%20-%20298713%2019-Dec-2014_files/image012.jpg)
10/F, Sun Hung Kai
Centre, 30 Harbour Road, Hong Kong%20LIMITED%20-%20298713%2019-Dec-2014_files/image013.jpg)
10/F, Sun Hung Kai Centre, 30 Harbour Road,
Hong Kong
%20LIMITED%20-%20298713%2019-Dec-2014_files/image014.jpg)
Room 1001-1009, 10/F, Sun Hung Kai Centre, 30 Harbour Road,
Hong Kong
%20LIMITED%20-%20298713%2019-Dec-2014_files/image015.jpg)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
UK Pound |
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.