|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEMPE TRADING ASIA LTD. |
|
|
|
|
Formerly Known As : |
INDITEX ASIA LTD. |
|
|
|
|
Registered Office : |
Suite 3401-3405, 34/F., Tower 2, The Gateway, Harbour City, 25 Canton
Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
14.05.1997 |
|
|
|
|
Com. Reg. No.: |
20924135 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of all kinds of footwear |
|
|
|
|
No. of Employees : |
30 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Hong Kong |
A2 |
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 levies excise duties on only four commodities, namely: 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, it again faces a possible slowdown as exports to the Euro zone and US slump. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous year. 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 exports 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. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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.
|
Source
: CIA |
TEMPE TRADING ASIA LTD.
[Formerly known as INDITEX ASIA
LTD.]
Address: Suite 3401-3405, 34/F., Tower 2, The Gateway,
Harbour City, 25 Canton Road, Tsimshatsui,
Kowloon, Hong Kong.
TEMPE TRADING ASIA
LTD.
ADDRESS: Suite 3401-3405, 34/F., Tower 2, The
Gateway, Harbour City, 25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 852-2956 0322, 852-3718
0000
FAX: 852-2956 3832
Regional Director: Mr. José
Manuel Romay De La Colina
Incorporated on: 14th May, 1997.
Organization: Private Limited Company.
Capital: Nominal: HK$12,000,000.00
Issued: HK$12,000,000.00
Business Category: Footwear
Trader.
Group Turnover: EUR 15,946 million (Year ended 31-12-2012)
Employees: 30.
Main Dealing Banker: ABN AMRO
Bank N.V., Hong Kong Branch.
Banking Relation: Good.
TEMPE TRADING ASIA
LTD.
Registered Head
Office:-
Suite 3401-3405, 34/F., Tower 2, The Gateway, Harbour City, 25 Canton
Road, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
Tempe Trading S.A., Switzerland.
Ultimate Holding
Company:-
Inditex S.A.
Edificio Inditex, Avda. de la Diputación s/n, 15452 Arteixo,
A Coruña, España, Spain. [Tel:
34-981-185400]
Associated/Affiliated
Companies:-
BCN Diseños S.A. de C.V., Mexico.
Bershka Belgique S.A., Belgium.
Bershka BH. D.O.O., Bosnia Herzegovina.
Bershka BSK España S.A., Spain.
Bershka Bulgaria Ltd., Bulgaria.
Bershka Carpati S.r.l., Romania.
Bershka Ceska Republika S.R.O., Czech Republic.
Bershka CIS Ltd., Russia.
Bershka Commercial Shanghai Co. Ltd., China.
Bershka Croatia Ltd., Croatia.
Bershka Deutschland B.V. & Co. KG, Germany.
Bershka Diseño S.L., Spain.
Bershka France S.A.R.L., France.
Bershka Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Bershka Hellas S.A., Greece.
Bershka Hong Kong Ltd., Hong Kong.
Bershka Ireland Ltd., Ireland.
Bershka Italia S.R.L., Italy.
Bershka Japan Ltd., Japan.
Bershka Korea Ltd., Korea.
Bershka Logistica S.A., Spain.
Bershka Macau Ltd., Macao.
Bershka Magyarorzág KFT, Hungary.
Bershka Mexico S.A. de C.V., Mexico.
Bershka Nederland B.V., Netherlands.
Bershka Österreich Clothing GmbH, Austria.
Bershka Polska Sp. z.o.o., Poland.
Bershka Portugal Conf. Soc. Unip. Lda., Portugal.
Bershka Serbia D.O.O. Belgrade, Serbia.
Bershka Slovakia S.R.O., Slovakia.
Bershka Suisse S.A.R.L., Switzerland.
Bershka Taiwan B.V., Netherlands.
Bershka UK Ltd., UK.
Bershka Ukraine LLC, Ukraine.
BSKE GmbH, Germany.
Choolet S.A., Spain.
Comditel S.A., Spain.
Confecciones Fíos S.A., Spain.
Confecciones Goa S.A., Spain.
Corporación de Servicios XX1 S.A. de C.V., Mexico.
Denllo S.A., Spain.
Fashion C. Neuhauser Strabe 33 GmbH, Germany.
Fashion Logistic Forwarders S.A., Spain.
Fibracolor S.A., Spain.
FSF New York LLC, USA.
G.Zara Uruguay S.A., Uruguay.
Glencare S.A., Spain.
Goa-Invest Deutschland GmbH, Germany.
Goa-Invest. S.A., Spain.
Group Zara Australia Pty. Ltd., Australia.
Grupo Massimo Dutti S.A., Spain.
Gruputerqüe Portugal Conf. Lda., Portugal.
Hampton S.A., Spain.
Indipunt Diseño S.L., Spain.
Indipunt S.L., Spain.
Inditex Cogeneración A.I.E., Spain.
Inditex Logistica S.A., Spain.
Inditex Montenegro D.O.O. Podgorica, Montenegro.
Inditex Trent Retail India Private Ltd., India.
Inditex Vastgoed Korea Ltd., Korea.
Invercarpro S.A., Spain.
Italco Moda Italiana Lda., Portugal.
ITX Canada Inc., Canada.
ITX E-commerce (Shanghai) Co. Ltd., China.
ITX Fashion Ltd., Ireland.
ITX Fashion Retail South Africa, South Africa.
ITX Financien B.V., Netherlands.
ITX Financien II B.V., Netherlands.
ITX Holding S.A., Switzerland.
ITX Merken B.V., Netherlands.
ITX RE, Ireland.
ITX Trading S.A., Switzerland.
ITX USA LLC, USA.
ITXR Macedonaia Dooel Skopje, Macedonia.
KG Massimo Dutti Deutschland B.V. & Co., Germany.
Kiddy’s Class España S.A., Spain.
Kommanditgesellschaft Zara Deutschland B.V. & Co., Germany.
Lefties España S.A., Spain.
Lefties Logistica S.A., Spain.
Liprasa Cartera S.L., Spain.
Massimo Dutti Bulgaria Ltd., Bulgaria.
Massimo Dutti Canada Inc., Canada.
Massimo Dutti Ceská Republika s.r.o., Czech Republic.
Massimo Dutti CIS Ltd., Russia.
Massimo Dutti Commercial Beijing Co. Ltd., China.
Massimo Dutti Commercial Shanghai Co. Ltd., China.
Massimo Dutti Croatia Ltd., Croatia.
Massimo Dutti Denmark A/S, Denmark.
Massimo Dutti Deutschland GmbH, Germany.
Massimo Dutti Diseño S.L., Spain.
Massimo Dutti France S.A.R.L., France.
Massimo Dutti Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Massimo Dutti Hellas S.A., Greece.
Massimo Dutti Hong Kong Ltd., Hong Kong.
Massimo Dutti Ireland Ltd., Ireland.
Massimo Dutti Italia S.R.L., Italy.
Massimo Dutti Japan Co., Japan.
Massimo Dutti Korea Ltd., Korea.
Massimo Dutti Logistica S.A., Spain.
Massimo Dutti Macau Ltd., Macao.
Massimo Dutti Magyarorzág KFT, Hungary.
Massimo Dutti Mexico S.A. de C.V., Mexico.
Massimo Dutti Nederland B.V., Netherlands.
Massimo Dutti Norge AS, Norway.
Massimo Dutti Österreich GmbH, Austria.
Massimo Dutti Polska Sp. z.o.o., Poland.
Massimo Dutti Portugal - Comercio e Industria Textil S.A., Portugal.
Massimo Dutti Puerto Rico Inc., Puerto Rico.
Massimo Dutti Ro S.r.l., Romania.
Massimo Dutti S.A., Spain.
Massimo Dutti Suisse S.A.R.L., Switzerland.
Massimo Dutti Sverige AB, Sweden.
Massimo Dutti Taiiwan B.V. Taiwan Branch, Taiwan.
Massimo Dutti Taiwan B.V., Netherland.s
Massimo Dutti UK Ltd., UK.
Massimo Dutti Ukraine LLC, Ukraine.
Massimo Dutti USA Ltd., USA.
Massimo Dutti Venezuela S.A., Venezuela.
MD Benelux N.V., Belgium.
Msssimo Dutti Serbia D.O.O. Belgrade, Serbia.
Nikole Diseño S.L., Spain.
Nikole S.A., Spain.
Oysho Bulgaria Ltd., Bulgaria.
Oysho CIS Ltd., Russia.
Oysho Commercial & Trading (Shanghai) Co. Ltd., China.
Oysho Croacia Ltd., Croatia.
Oysho Diseño S.L., Spain.
Oysho España S.A., Spain.
Oysho France S.A.R.L., France.
Oysho Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Oysho Hellas S.A., Greece.
Oysho Italia S.R.L., Italy.
Oysho Korea Ltd., Korea.
Oysho Logistica S.A., Spain.
Oysho Macau Ltd., Macao.
Oysho Magyarország KFT, Hungary.
Oysho Mexico S.A. de C.V., Mexico.
Oysho Nederland B.V., Netherlands.
Oysho Polska Sp z.o.o., Poland.
Oysho Portugal Conf. Lda., Portugal.
Oysho Ro. Srl., Romania.
Oysho Serbia D.O.O. Belgrade, Serbia.
Oysho Ukraine LLC, Ukraine.
Oysho Venezuela S.A., Venezuela.
P&B GmbH, Germany.
Plataforma Cabanillas S.A., Spain.
Plataforma Europa S.A., Spain.
Plataforma Logistica León S.A., Spain.
Plataforma Logistica Meco S.A., Spain.
Pull & Bear Belgique S.A., Belgium.
Pull & Bear BH. D.O.O., Bosnia Herzegovina.
Pull & Bear Bulgaria Ltd., Bulgaria.
Pull & Bear Ceska Republika S.R.O., Czech Republic.
Pull & Bear CIS Ltd., Russia.
Pull & Bear Commerical Beijing Co. Ltd., China.
Pull & Bear Croatia Ltd., Croatia.
Pull & Bear Diseño S.L., Spain.
Pull & Bear España S.A., Spain.
Pull & Bear France S.A.R.L., France.
Pull & Bear Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Pull & Bear Hellas S.A., Greece.
Pull & Bear Hong Kong Ltd., Hong Kong.
Pull & Bear Ireland Ltd., Ireland.
Pull & Bear Italia S.R.L., Italy.
Pull & Bear Korea Ltd., Korea.
Pull & Bear Logistica S.A., Spain.
Pull & Bear Macau Ltd., Macao.
Pull & Bear Magyarorzág KFT, Hungary.
Pull & Bear Mexico S.A. de C.V., Mexico.
Pull & Bear Nederland B.V., Netherlands.
Pull & Bear Österreich GmbH, Austria.
Pull & Bear Polska Sp. z.o.o., Poland.
Pull & Bear Portugal Conf. Lda., Portugal.
Pull & Bear Ro S.r.l., Romania.
Pull & Bear Serbia D.O.O. Belgrade, Serbia.
Pull & Bear Slovakia S.R.O., Slovakia.
Pull & Bear Taiwan B.V., Netherlands.
Pull & Bear UK Ltd., UK.
Pull & Bear Ukraine LLC, Ukraine.
Robustae S.G.P.S. Unip. Lda., Portugal.
Samlor S.A., Spain.
SCI Vastgoed Ferreol P03302, France.
SCI Vastgoed France P03301, France.
SCI Vastgoed General Leclerc P03303, France.
SCI Vastgoed Nancy P03304, France.
SNC Zara France Immobiliere, France.
Stear S.A., Spain.
Stradivarius BH. D.O.O., Bosnia Herzegovina.
Stradivarius Bulgaria Ltd., Bulgaria.
Stradivarius Ceska Republika S.R.O., Czech Republic.
Stradivarius CIS Ltd., Russia.
Stradivarius Commercial Shanghai Co. Ltd., China.
Stradivarius Croatia Ltd., Croatia.
Stradivarius Diseño S.L., Spain.
Stradivarius España S.A., Spain.
Stradivarius France S.A.R.L., France.
Stradivarius Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Stradivarius Hellas S.A., Greece.
Stradivarius Hong Kong Ltd., Hong Kong.
Stradivarius Ireland Ltd., Ireland.
Stradivarius Italia S.R.L., Italy.
Stradivarius Korea Ltd., Korea.
Stradivarius Logistica S.A., Spain.
Stradivarius Macau Ltd., Macao.
Stradivarius Magyarorzág KFT, Hungary.
Stradivarius Polska Sp. z.o.o., Poland.
Stradivarius Portugal Conf. Unip. Lda., Portugal.
Stradivarius Ro S.r.l., Romania.
Stradivarius Serbia D.O.O. Belgrade, Serbia.
Stradivarius Slovakia S.R.O., Slovakia.
Stradivarius Ukraine LLC, Ukraine.
Stradivarius. Mexico S.A. de C.V., Mexico.
Tempe Brasil Ltda., Brazil.
Tempe Diseño S.L., Spain.
Tempe Logistica S.A., Spain.
Tempe Mexico S.A. de C.V., Mexico.
Tempe S.A., Spain.
Tordera Logistica S.L., Spain.
Trisko S.A., Spain.
UTC Benelux N.V., Belgium.
Uterqüe CIS Ltd., Russia.
Uterqüe Commercial & Trading (Shanghai) Co. Ltd., China.
Uterqüe Diseño S.L., Spain.
Uterqüe España S.A., Spain.
Uterqüe Giyim Ltd., Turkey.
Uterqüe Hellas, Greece.
Uterqüe Hong Kong Ltd., Hong Kong.
Uterqüe Italia S.R.L., Italy.
Uterqüe Logistica S.A., Spain.
Uterqüe Mexico S.A. de C.V., Mexico.
Uterqüe S.A., Spain.
Vastgoed Asia Ltd., Hong Kong.
Za Clothing Ireland Ltd., Ireland.
Za Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
ZAO Zara CIS Ltd., Russia.
Zara Argentian S.A., Argentina.
Zara Asia Ltd., Hong Kong.
Zara Belgique S.A., Belgium.
Zara BH D.O.O., Bosnia Herzegovina.
Zara Brasil Lda., Brazil.
Zara Bucuresti S.r.l., Romania.
Zara Bulgaria Ltd., Bulgaria.
Zara Canada Inc., Canada.
Zara Ceská Republika S.R.O., Czech Republic.
Zara Chile S.A., Chile.
Zara Commercial (Beijing) Co. Ltd., China.
Zara Commercial (Shanghai) Co. Ltd., China.
Zara Croatia Ltd., Croatia.
Zara Denmark A/S, Denmark,
Zara Deutschland GmbH, Germany.
Zara Diseño S.L., Spain.
Zara España S.A. Spain.
Zara Financiën B.V. Ireland, Ireland.
Zara France S.A.R.L., France.
Zara Hellas S.A., Greece.
Zara Holding B.V., Netherlands.
Zara Holding II B.V., Netherlands.
Zara Home Belgique S.A., Belgium.
Zara Home Brasil Produtos para o Lar Ltda., Brazil.
Zara Home Canada Inc., Canada.
Zara Home CIS Ltd., Russia.
Zara Home Commercial & Trading (Shanghai) Co. Ltd., China.
Zara Home Croatia Ltd., Croatia.
Zara Home Deutschland B.V. & Co. KG, Germany.
Zara Home Diseño S.L., Spain.
Zara Home España S.A., Spain.
Zara Home Francia S.A.R.L., France.
Zara Home Giyim Ithalat Ihracat Ve Ticaret Ltd., Turkey.
Zara Home Hellas S.A., Greece.
Zara Home Italia S.R.L., Italy.
Zara Home Japan Corp., Japan.
Zara Home Logistica S.A., Spain.
Zara Home Mexico S.A. de C.V., Mexico.
Zara Home Nederland B.V., Netherlands.
Zara Home Polska Sp. z.o.o., Poland.
Zara Home Portugal Conf. Soc. Unip. Lda., Portugal.
Zara Home Ro S.r.l., Romania.
Zara Home Taiwan B.V. Taiwan Branch, Taiwan.
Zara Home Taiwan B.V., Netherlands.
Zara Home UK Ltd., UK.
Zara Home Ukraine LLC, Ukraine.
Zara Immobiliare Italia SRL, Italy.
Zara Italia S.R.L., Italy.
Zara Japan Corp., Japan.
Zara Logistica S.A., Spain.
Zara Luxembourg S.A., Luxembourg.
Zara Macau Ltd., Macao.
Zara Magyaroszág KFT., Hungary.
Zara Management B.V., Netherlands.
Zara Mexico B.V., Netherlands.
Zara México S.A. de C.V., Mexico.
Zara Monaco SAM, Monaco.
Zara Nederland B.V., Netherlands.
Zara Norge AS, Norway.
Zara Österreich Clothing GmbH, Austria.
Zara Polska Sp. z.o.o., Poland.
Zara Portugal Confecçoes Lda., Portugal.
Zara Puerto Rico Inc., Puerto Rico.
Zara Retail Korea Ltd., Korea.
Zara S.A., Argentina.
Zara S.A., Spain.
Zara Serbia D.O.O. Belgrade, Serbia.
Zara Slovakia S.R.O., Slovakia.
Zara Suisse S.A.R.L., Switzerland.
Zara Sverige AB, Sweden.
Zara Taiwan B.V. Taiwan Branch, Taiwan.
Zara Taiwan B.V., Netherlands.
Zara UK Ltd., UK.
Zara Ukraine LLC, Ukraine.
Zara USA Inc., USA.
Zara Vastgoed B.V., Netherlands.
Zara Vittorio 11 Italia S.R.L., Italy.
ZHE GmbH, Germany.
Zintura S.A., Spain.
20924135
0607964
Regional Director: Mr. José
Manuel Romay De La Colina
Nominal Share Capital: HK$12,000,000.00
(Divided into 1,200,000 shares of HK$10.00 each)
Issued Share Capital: HK$12,000,000.00
(As per registry dated 14-05-2013)
|
Name |
|
No. of shares |
|
Tempe Trading S.A. Av. De La Garge 4, Ch-1700, Fribourg, Switzerland. |
|
1,200,000 ======= |
(As per registry dated 28-10-2013)
|
Name (Nationality) |
Address |
|
José Manuel ROMAY DE LA COLINA (Spanish) |
Plaza de Zalaeta 8, 7oA, 15002 La Coruna, Spain. |
|
Ivan BARBERA TRASPUESTO |
Estorrentada 22, 15660 Cambre (A Coruna Spain), Spain. |
|
Ramon RENON TUNEZ |
Lugar Mondego Trasin, 10, Sada, A Coruna, Spain. |
(As per registry dated 14-05-2013)
|
Name |
Address |
|
Raymond LAW |
2A, Grand Scholar, 419K, Queen’s Road West, Hong Kong. |
The subject was incorporated on 14th May, 1997 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Inditex Asia
Ltd., name changed to the present style on 8th March, 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: All
kinds of footwear.
Employees: 30.
Commodities Imported: Acquired in
Hong Kong, imported from China and other Asian countries.
Markets: Europe,
Japan, Latin America, etc.
Group Turnover: EUR 10,407
million (Year ended 31-12-2008)
EUR 11,048
million (Year ended 31-12-2009)
EUR 12,527
million (Year ended 31-12-2010)
EUR 13,793
million (Year ended 31-12-2011)
EUR 15,946
million (Year ended 31-12-2012)
Terms/Sales: As per contracted.
Terms/Buying: On various terms.
Nominal Share Capital: HK$12,000,000.00
(Divided into 1,200,000 shares of HK$10.00 each)
Issued Share Capital: HK$12,000,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 1,000,000.00 |
|
01-09-2002 |
paid up |
HK$ 11,000,000.00 |
|
|
|
–––––––––––––––– |
|
Total: |
paid up |
HK$ 12,000,000.00 ============== |
Group Net Profits: EUR
1,262 million (Year ended 31-12-2008)
EUR 1,322
million (Year ended 31-12-2009)
EUR 1,741
million (Year ended 31-12-2010)
EUR 1,946
million (Year ended 31-12-2011)
EUR 2,367
million (Year ended 31-12-2012)
Profit or Loss: Made
profits in the past years.
Condition: Business
is active and good.
Facilities: Making
active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Banker: ABN AMRO Bank N.V., Hong Kong Branch.
Standing: Good.
Tempe Trading Asia Ltd. is a wholly-owned subsidiary of Tempe Trading
S.A. [Tempe], a Switzerland-based firm.
The subject is a key member of the Inditex Group which originated from
the name of Zara in Spain in 1963.
Tempe is the company that designs, produces and distributes footwear and
accessories for all the brands of the Inditex Group: Zara, Pull & Bear,
Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home y Uterqüe.
Tempe has its headquarters in Elche, a main place of footwear production
in Spain. It also has subsidiaries in
Mexico, Brazil, China, India, Vietnam, etc.
Tempe distributes more than 40 million pairs of shoes per year to the
shops of the Group.
The Inditex Group is made up of almost a hundred companies engaged in
activities relating to textile design, production and distribution. It is one of the world’s largest fashion
Groups.
For the Inditex Group, the year 2012 has been marked by strong growth as
well as by strong investment and job creation.
Sales increased by 16% over the previous year, reaching €15,946 million,
while net profit rose 22% in relation to 2011 and increased to €2,367
million. The strict control of operating
expenses has allowed the EBITDA to increase by 20%, to €3,913 million.
During 2012 the total number of staff in the Inditex Group reached the
figure of 120,314 employees, with 10,802 jobs created in the year. The growth in employment affected all the
geographical areas in which the group operates, especially in the number of
permanent employees: 82% of the staff work under an indefinite contract. The global vocation of the company is
reflected in the fact that its employees are of over 130 nationalities and 45
working languages. It is a young
workforce (31 years old on average), in which women represent 78.7% of the
total.
At the close of 2012, Inditex had 6,009 stores in its eight sales
formats in 86 markets in five continents.
In that period, 482 stores were opened in 64 different markets, five of
them new: Armenia, Bosnia-Herzegovina, Ecuador,
Georgia and the Former Yugoslav Republic of Macedonia.
The subject is the buying office of the Inditex Group in Asia
Pacific. Exported to Europe, Japan and
Latin America, the subject’s garments are acquired in Hong Kong, imported
from China, and the other Asian countries.
Business has been active.
Having a number of associated companies located at the same address in
Hong Kong, the subject is fully supported by the Inditex Group.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
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.