|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ESPRIT MACAO COMMERCIAL OFFSHORE LIMITED |
|
|
|
|
Registered Office : |
Avenida Xian Xing Hai, No. 105, Centro Golden
Dragon, 15 Andar, Apartamento L, M, A, B, C, Em |
|
|
|
|
Country : |
Macau |
|
|
|
|
Date of Incorporation : |
20.02.2003 |
|
|
|
|
Com. Reg. No.: |
SO 16529 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in the Trading of apparel |
|
|
|
|
No. of Employees : |
50 |
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 : |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Macau |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
|
思捷澳门离岸商业服务有限公司 |
|
|
Company Name (in
English): |
ESPRIT MACAO
COMMERCIAL OFFSHORE LIMITED |
|
Company Name (in
Portuguese): |
Esprit Comercial
Offshore De Macau Limited |
|
Supplied Name: |
|
|
Trading Address: |
Avenida Xian Xing Hai, No.
105, Centro Golden Dragon, 15 Andar, Apartamento L, M, A, B, C, Em Macau |
|
Supplied
Address: |
Avenida Xiang Xing Hai No 105 EDF Commercial Zhu Kuam Mansion |
|
Telephone
Number: |
|
|
Fax Number: |
|
Registered Name: |
Esprit Macao Commercial Offshore Limited |
|
Registered Address: |
Avenida Xian Xing Hai, No. 105, Centro Golden
Dragon, 15 Andar, Apartamento L, M, A, B, C, Em Macau |
|
Date of Registration: |
2003-02-20 |
|
Business Registered Number: |
SO 16529 |
|
Legal Form: |
Private Limited Liability Company |
|
Registered Capital: |
MOP 3,000,000 (USD 368,400) (As of 2014.02, 1 MOP = 0.1228 USD) |
|
Principal Activities: |
Trading of apparel |
|
Staff: |
About 50 Employees |
|
Listed at Stock Exchange: |
No |
|
Information Ended at: |
2014-01-24 |
Subject was incorporated on 2003-02-20 with registered number SO 16529 as Private Limited Liability Company in
Macau.
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Esprit IP Limited |
3,000,000 |
100% |
|
Total |
3,000,000 |
100% |
Major Shareholder Information:
|
Name: |
Esprit IP Limited |
|
Address: |
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Island |
Parent Company:
|
Name: |
Esprit IP Limited |
|
Address: |
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Island |
Related Company:
|
1 |
|
|
Name: |
Esprit Holdings Ltd |
|
Address: |
43/F, Enterprise Square Three, 39 Wang Chiu Road, Kowloon, Kowloon
Bay, Hong Kong |
|
Telephone Number |
+852-2765-4321 |
|
Fax Number: |
+852-2362-5576 |
|
Listed at Stock Exchange: |
Yes; Stock Code: 0330 |
|
2 |
|
|
Name: |
Esprit Europe GmbH |
|
Address: |
Esprit-Allee, 40882 Ratingen, Germany |
|
Telephone Number |
+ 49-2-102-1230 |
Core Management
Member of
Administration:
|
1 |
|
|
Name: |
Lee Ka Fung |
|
Registered Address: |
Avenida Xian Xing Hai, Edificio Zhu Kuan, 15 Andar, Apartamento L, Em
Macau |
|
Gender: |
Female |
|
Marital Status: |
Single |
|
2 |
|
|
Name: |
Naser Samir Hafez |
|
Registered Address: |
Villa 37B, Street 6, Community 333, A1 Badaa, Dubai, United Arab Emirates,
PO Box 35738 |
|
Marital Status: |
Married |
|
3 |
|
|
Name: |
Darren George Guyatt |
|
Registered Address: |
Baia Da Praia Grande, S/No., Lake View Tower, 2/F, Unit B, Em Macau |
|
Marital Status: |
Single |
|
Authorized
Signatures |
|
|
Any one of the above members of administration department can sign on
behalf of the subject. |
|
Personnel
Structure
|
Total Employees |
Offices &
Factories
|
|
Office |
|
Address: |
Avenida Xian Xing
Hai, No. 105, Centro Golden Dragon, 15 Andar, Apartamento L, M, A, B, C, Em
Macau |
|
Owned /Rented: |
Premises
Information
Office address:
|
Address: |
Em Macau, Avenida Xian Xing Hai NO. 105, Centro Golden Dragon/Golden Dragon
Centre A15 |
|
Owners: |
Si Chi Pun and Wife Si Kam Nga |
|
Matriz: |
73459 |
|
Nature: |
Urban |
|
Duration: |
-- |
Production
Information
Subject is a trader of apparel without any production activities
Subject’s Group operates more than 1000 directly managed retail stores
worldwide and distributes its products via more than 9000 wholesale outlets
including franchise partners and department stores in more than 40 countries.
Purchase
Information
Subject imports apparel mostly from Germany.
Sales Information
Subject is engaged in sale of apparel.
The major products sold by subject include men’s clothes, women’s dress,
children's garments, accessories
Subject’s sales regions include Vietnam, Thailand and Mongolia
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
|
Terms |
Proportion |
|
|
Apparel. |
L/C, T/T |
100% |
Sales
Domestic Markets
Subject has little domestic markets
Export
|
Terms |
Proportion |
|
|
Apparel |
L/C, T/T |
100% |
Subject has no obligations to disclose its financial
statements to the third party according to the relevant policy and the only
source from which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Huo declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Mortgage Record
The mortgage information of the registered address
|
Document Number: |
126197C |
|
Instrument of Creating Mortgage: |
Normal Hypothec |
|
Date of Creating Mortgage: |
2011-08-04 |
|
Amount Secured: |
HKD 17,500,000.00 |
|
Name of Mortgagee: |
Bank of China Limited |
|
Mortgagor: |
Si Chi Pun and Wife Si Kam Nga |
|
Name: |
Ms. Huo |
|
Department: |
Sales |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.