MIRA INFORM REPORT

 

 

Report Date :

09.09.2014

 

IDENTIFICATION DETAILS

 

Name :

MGB METRO GROUP BUYING HK LTD.

 

 

Registered Office :

20/F., Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon,

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

14.05.2003

 

 

Com. Reg. No.:

33696581

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subjrct is trading in Clothing; headgear; footwear; watches and clocks; pearls, precious and semi-precious stones; jewellery, imitation jewellery; travel goods and handbags; fish and seafood, fresh or preserved; vegetables, fruits and nuts; processed food, biscuits and confectionery; furniture, bedding, mattresses, cushions, carpets and floor coverings; non-electrical household articles, tableware, kitchenware and utensils; electrical household articles; electronic household articles, audio and video equipment, radios; lighting fixtures and fittings; gift and premiums; toys, pens, games; sporting goods; hides, skins and leather products; plastic products; ceramic products; wood products; glass and glassware; rubber products; paper and paperboard, articles of paper, stationery; optical and photographic instruments and apparatus; electrical machinery, apparatus and parts; mechanical machinery, apparatus and parts; office machines and computer equipment and parts; heating and cooling equipment and parts; electronic devices, parts and accessories; telecommunications, audio and video equipment and parts; cosmetics, toiletries, perfumery

 

 

No. of Employees

400

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Hong Kong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

 

Company name and address

 

MGB METRO  GROUP  BUYING  HK  LTD.

 

 

ADDRESS:       20/F., Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

 

PHONE:            852-2738 1388,  2738 1294

 

FAX:                 852-2735 2455,  2957 5221

 

E-MAIL:            mgbhongkong@metro-mgb.com.hk

supplychain@metro-mgb.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Michael Ciesielski

 

 

SUMMARY

 

Incorporated on:              14th May, 2003.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:HK$50,000,000.00

Issued:  HK$50,000,000.00

 

Business Category:        Buying Office.

 

Group Net Sales:           €46,321 million  (Year ended 30-09-2013)

 

Company Employees:  400.  (Including associates)

 

Group Employees:          269,493.  (As at 30-09-2013)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:            Good.

 ADDRESS

 

Registered Office:-

Room 1401, 14/F., Hutchison House, 10 Harcourt Road, Hong Kong.

 

Head Office:-

20/F., Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

 

Holding Company:-

METRO AG

Schlüterstraße 1, 40235 Düesseldorf, Germany.

[Tel: 49-211-6886-0,   Fax: 49-211-6886-2000]

 

Associated/Affiliated Companies:-

METRO Group of Companies

1.Schaper Objekt GmbH & Co. Wächtersbach KG, Germany.

2.CR Immobilien-Verimetungsgesellschaft mbH & Co. Objekt Brandenburg KG, Germany.

2.Schaper Objekt GmbH & Co. Kiel KG, Germany.

24-7 Entertainment ApS, Demark.

24-7 Entertainment GmbH, Germany.

24-7 Entertainment Services Ltd., UK.

3.Schaper Objekt GmbH & Co. Erlangen KG, Germany.

ADAGIO 2. Grundstücksverwaltungsgesellschaft mbH, Germany.

ADAGIO 3. Grundstücksverwaltungsgesellschaft mbH, Germany.

ADAGIO Grundstücksverwaltungsgesellschaft mbH, Germany.

Adolf Schaper GmbH & Co. Grundbesitz-KG, Germany.

AIB Verwaltungs GmbH, Germany.

ARKON Grundbesitzverwaltung GmbH, Germany.

ASH Grundstücksverwaltung XXX GmbH, Germany.

ASSET Grundbesitz GmbH, Germany.

ASSET Immobilienbeteiligungen GmbH, Germany.

ASSET Köln-Kalk GmbH, Germany.

ASSET Objekt Vermögensverwaltungsgesellschaft mbH, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Aachen II KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Aachen, Adalbertstae 20-30 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Aschaffenburg KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Bonn, Acherstrae KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Darmstadt KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Dortmund KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Düsseldorf, Königsallee 1 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Frankfurt Hauptwache KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Freiburg im Breisgau KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Gelsenkirchen KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Hanau KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Hannover KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Kassel KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Kassel, Obere Königstrae KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Krefeld II KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Leipzig KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Mainz KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Mönchengladbach KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Nürnberg, Königstrae 42-52 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Offenbach KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Saarbrücken, Bahnhofstrae 82-92, 98‑100 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Siegburg KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Stuttgart Königstrae 6 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Stuttgart-Bad Cannstatt Badstrae, Marktstrae 3 KG, Germany.

ASSET Verwaltungs-GmbH & Co. Objekt Würzburg KG, Germany.

ASSET Verwaltungs-GmbH, Germany.

ASSET Zweite Immobilienbeteiligungen GmbH, Germany.

Assevermag AG, Switzerland.

Avilo Marketing Gesellschaft m.b.H., Austria.

BAUGRU Immobilien - Beteiligungsgesellschaft mit beschränkter Haftung & Co. Grundstücksverwaltung KG, Germany.

Blabert Grundstücksverwaltungsgesellschaft mbH, Germany.

BLK Grundstücksverwaltung GmbH, Germany.

Buch und Zeit Verlagsgesellschaft mit beschränkter Haftung, Germany.

CH-Vermögensverwaltung GmbH, Germany.

CJSC METRO Management Ukraine, Ukraine.

Cofalux Immobilière S.A., Luxembourg

COM.Tvmarkt Verwaltungs-GmbH, Germany.

Concarneau Trading Office SAS, France.

Dalian Metro Warehouse Management Co. Ltd., China.

DAYCONOMY GmbH, Germany.

Deelnemingsmaatschappij Arodema B.V., Netherlands.

Deutsche SB-Kauf GmbH & Co. KG, Germany.

DFI Verwaltungs GmbH, Germany.

DINEA Gastronomie GmbH, Austria.

Dinea Gastronomie GmbH, Germany.

Dorina Immobilien-Vermietungsgesellschaft mbH, Germany.

Doxa Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Mönchengladbach KG, Germany.

Duplex Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Schaper Bremen-Habenhausen KG, Germany.

Electronics retail Real Estate Ltd Liability Co., Russia.

emotions GmbH, Germany.

Fromentus Grundstücksverwaltungsgesellschaft mbH, Germany.

Fulltrade International GmbH, Germany.

FZB Fachmarktzentrum Bous Verwaltungsgesellschaft mbH & Co. KG, Germany.

FZG Fachmarktzentrum Guben Verwaltungsgesellschaft mbH & Co. Vermietungs - Kommanditgesellschaft, Germany.

FZG Fachmarktzentrum Guben Verwaltungsgesellschaft mbH, Germany.

GALERIA Kaufhof GmbH, Germany.

GALERIA Logistik GmbH, Germany.

GALERIA Personalserivce GmbH, Germany.

GBS Gesellschaft für Unternehmensbeteiligungen mit beschränkter Haftung, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. 10. Objekt-KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. 25. Objekt-KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. 6. Objekt-KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. 8. Objekt-KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Arrondierungsgrundstücke KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Entwicklungsgrundstücke KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Gewerbegrundstücke KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt  Bochum Otto Strae KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Brühl KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Duisburg KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Emden KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Espelkamp KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Finowfurt KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Frankenthal KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Frankenthal Lager KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Frankenthal Lager Nord KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Frankenthal-Studernheim KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Gäufelden KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Gelsenkirchen KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Haibach KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hamburg-Neuwiedenthal KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hannover Fössestraße KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hannover/Davenstedter Straße KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hannover-Linden KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Heinsberg KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Herten KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hildesheim-Senking KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Hörselgau KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Mönchengladbach‑Rheydt KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Münster-Kinderhaus KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Oldenburg KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Paderborn Südring Centre KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Rastatt KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Ratingen KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Rinteln KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Rüsselsheim KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Saar-Grund KG, Germany.

GKF Vermögensverwaltungsgesellschaft mbH & Co. Objekt Wiesbaden-Nordenstadt KG, Germany.

GKF Vermögensverwaltungsgesellschaft mit beschränkter Haftung, Germany.

GKF Vermögnsverwaltungsgesellschaft mbH & Co. Objekt Edingen-Neckarhausen KG, Germany.

Goldhand Lebensmittel-u. Verbrauchsgüter-Vertriebsgesellschaft mit beschränkter Haftung, Germany.

Gourmedis (China) Trading Co. Ltd., China.

GrandPari Ltd. Liability Co., Russia.

Hansa Foto-Handelsgesellschaft mit beschränkter Haftung, Germany.

Horten Düsseldorf Berliner Allee GmbH, Germany.

Horten Giessen GmbH, Germany.

Horten GmbH, Germany.

Horten Nürnberg GmbH, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Duisburg KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Düsseldorf Carschhaus KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Erlangen KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Hannover KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Heidelberg KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Heilbronn KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Hildesheim KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Ingolstadt KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Kempten KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Münster KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Oldenburg KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Pforzheim KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Regensburg KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Reutlingen KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Schweinfurt KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Stuttgart KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Trier KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Ulm KG, Germany.

Horten Verwaltungs-GmbH & Co. Objekt Wiesbaden KG, Germany.

Horten Verwaltungs-GmbH, Germany.

ICS METRO Cash & Carry Moldova S.R.L., Moldova.

Immobilien-Vermietungsgesellschaft von Quistorp GmbH & Co. Objekt Rostock KG, Germany.

Imtron Asia Hong Kong Ltd., Hong Kong.

Imtron GmbH, Germany.

Imtron Helvetia AG, Switzerland.

Imtron Österreich GmbH, Austria.

INKOS Verwaltung GmbH & Co. Vermietungs-KG, Germany.

INNO SA/NV, Belgium.

Inpakcentrale ICN B.V., Netherlands.

Johannes Berg GmbH, Weinkellerei, Germany.

JSC Tsaritsino, Russia.

JUKE GmbH, Germany.

Kaufhalle GmbH & Co. Objekt Hamburg Mönckebergstraße KG, Germany.

Kaufhalle GmbH & Co. Objekt Lager Apfelstädt KG, Germany.

Kaufhalle GmbH, Germany.

Kaufhof plus Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Berlin Prerower Platz KG, Germany.

Kaufhof plus Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Halle KG, Germany.

Kaufhof plus Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Krefeld KG, Germany.

Kaufhof plus Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Mannheim KG, Germany.

Kaufhof plus Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Wuppertal-Elberfeld KG, Germany.

Kaufhof Trading GmbH, Germany.

Kaufhof Warenhaus AG & Co. KG, Germany.

Kaufhof Warenhaus am Alex GmbH, Germany.

Kaufhof Warenhaus Neubrandenburg GmbH, Germany.

Kaufhof Warenhaus Rostock GmbH, Germany.

KONDOLA Grundstücksgesellschaft mbH & Co. KG, Germany.

Kreal Ltd. Liability Co., Russia.

KUPINA Grundstücks-Vermietungsgesellschaft mbH & Co. KG, Germany.

Liqueur & Wine Trade GmbH, Germany.

LLC Ukrainian Wholesale Trade Co., Ukraine.

Ltd. Liability Co. real-Hypermarket Ukraine, Ukraine.

MACAR Grundstücksgesellschaft mbH & Co. KG, Germany.

Makro Autoservicio Mayorista S.A., Spain.

Makro Autoservicio Mayorista S.A.U., Spain.

MAKRO Cash & Carry Belgium N.V., Belgium.

MAKRO Cash & Carry CR s.r.o., Czech Republic.

Makro Cash & Carry Egypt LLC, Egypt.

Makro Cash & Carry Polska S.A., Poland.

Makro Cash & Carry Portugal S.A., Portugal.

Makro Cash & Carry UK Holding Ltd., UK.

Makro Cash & Carry Wgikesale S.A., Greece.

Makro Ltd., UK.

Makro Pension Trustees Ltd., UK.

MCC Boston Trading Office Inc., US.

MCC Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Berlin-Friedrichshain KG, Germany.

MCC Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Hamburg-Altona KG, Germany.

MCC Grundstücksverwaltungsgesellschaft mbH & Co. Objekt München-Pasing KG, Germany.

MCC Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Porta-Westfalica KG, Germany.

MCC Grundstücksverwaltungsgesellschaft mbH & Co. Objekt Schwelm KG, Germany.

Media Markt Saturn Holding Nederland B.V., Netherlands.

Media Markt Saturn S.A. Unipersonal, Spain.

Mediamarket S.p.A., Italy.

Media-Saturn Beteiligungsges mbH, Austria.

Media-Saturn-Holding GmbH, Germany.

MEM METRO Group Energy Production & Management Sp. z.o.o., Poland.

Metro Cash & Carry Brunnthal GmbH & Co. KG, Germany.

METRO Cash & Carry Deutschland GmbH, Germany.

METRO Cash & Carry France S.A.S., France.

METRO Cash & Carry International GmbH, Germany.

METRO Cash & Carry International Holding GmbH, Austria.

METRO Cash & Carry International Management GmbH, Germany.

METRO Cash & Carry OOO, Russia.

METRO Cash & Carry Romania SRL, Romania.

METRO Cash & Carry Ukraine Ltd., Ukraine.

METRO Distributie Nederland B.V., Netherlands.

Metro Grosmarket Bakirköy Alisveris Hizmetleri Ticaret Ltd. Sirketi, Turkey.

METRO Group Asset Management B.V., Netherlands.

METRO Group Asset Management Services GmbH, Germany.

METRO Gro- und Lebensmitteleinzelhandel Holding GmbH, Germany.

METRO Grohandelsgesellschaft mbH, Germany.

METRO Italia Cash & Carry S.p.A., Italy.

METRO Jinjiang Cash & Carry Co. Ltd., China.

METRO Kaufhaus und Fachmarkt Holding GmbH, Germany.

METRO Kereskedelmi Kft., Hungary.

METRO Logistics Germany GmbH, Germany.

METRO Properties GmbH & Co. KG, Germany.

METRO Property Management (Beijing) Co. Ltd., China.

Metro Property Management (Changsha) Co. Ltd., China.

Metro Property Management (Chengdu Qingyang) Co. Ltd., China.

Metro Property Management (Dongguan) Co. Ltd., China.

METRO Property Management (Harbin) Co. Ltd., China.

METRO Property Management (Nanchang Qingshanhu) Co. Ltd., China.

Metro Property Management (Nantong) Co. Ltd., China.

METRO Property Management (Shenyang) Co. Ltd., China.

Metro Property Management (Suzhou) Co. Ltd., China.

METRO Property Management (Tianjin Hongqiao) Co. Ltd., China.

Metro Property Management (Wuhan) Co. Ltd., China.

METRO Property Management (Xiamen) Co. Ltd., China.

METRO Property Management (Xian) Co. Ltd., China.

Metro Property Management (Zhengzhou) Co. Ltd., China.

METRO Systems GmbH, Germany.

METRO Warehouse Management (Chongqing) Co. Ltd., China.

Metro Warehouse Management (Hangzhou) Co. Ltd., China.

Metro Warehouse Management (Wuhan) Co. Ltd., China.

MFM METRO Group Facility Management GmbH, Germany.

MGA METRO Group Advertising GmbH, Germany.

MGC METRO Group Clearing GmbH, Germany.

MGE Warenhandelsgesellschaft mbH, Germany.

MGL METRO Group Logistics GmbH, Germany.

MGL METRO Group Logistics Warehousing Beteiligungs GmbH, Germany.

MGP METRO Group Account Processing GmbH, Germany.

MGT METRO Group Travel Services GmbH, Germany.

MIAG Commanditaire Vennootschap, Netherlands.

MIB METRO Group Insurance Broker GmbH, Germany.

MIP METRO Group Intellectual Property GmbH & Co. KG, Germany.

MTT METRO Group Textiles Transport GmbH, Germany.

OOO Media-Markt-Saturn, Russia.

Qingdao Metro Warehouse Management Co. Ltd., China.

real- Holding GmbH, Germany.

real- SB-Warenhaus GmbH, Germany.

real- Sp. z.o.o.i Spólka spólka komandytowa, Poland.

Zweite real-SB-Warenhaus GmbH, Germany.

etc.

 

 

BUSINESS REGISTRATION NUMBER

 

33696581

 

 

COMPANY FILE NUMBER

 

0847259

 

 

MANAGEMENT

 

Group Chairman:  Mr. Olaf Koch

Managing Director & CEO:  Mr. Michael Ciesielski

 

CAPITAL

 

Nominal Share Capital: HK$50,000,000.00 (Divided into 500,000 shares of HK$100.00 each)

 

Issued Share Capital: HK$50,000,000.00

 

SHAREHOLDER:           (As per registry dated 14-05-2013)

Name

 

No. of shares

METRO AG

Schlüterstraße 1, 40235 Düesseldorf, Germany.

 

500,000

======

 

DIRECTORS:    (As per registry dated 01-02-2014)

Name

(Nationality)

 

Address

Henniing GIESEKE

40219 Düssekdorf, Fürstenwall 66, Germany.

 

Thomas Robert STORCK

Am Rheinblick 12, 40668 Meerbusch, Germany.

 

Patrick Alexander MÜLLER

Alsterblick 10, 27499 Hamburg, Germany.

 

Thomas BURKHALTER

42GB, Crestmont Villa, Discovery Bay, Hong Kong.

 

Diego BEVILACQUA

Rheinallee 148, 40545 Dusseldorf, Germany.

 

Michael CIESIELSKI

Flat C, 15/F., Tower B, La Rossa, Coastal Skyline, 12 Tung Chung Waterfront Road, Tung Chung, Lantau Island, Hong Kong.

 

Dirk JUNG

Flat A, 26/F, Tower 1, 68 Bel-Air Peak Avenue, Bel‑Air on the Peak, Island South (Phase 4), Pokfulam, Hong Kong.

 

Antonio Jose GONCALVES BAPTISTA

Achenbachstrasse 154, 40237 Dusseldorf, Germany.

 

Alexis Jean Pierre MAUDELONDE

G/F., 222 Seabee Lane, Headland VLG, Discovery Bay, Lantau Island.

 

SECRETARY:    (As per registry dated 14-05-2013)

Name

Address

Co. No.

B. & McK. Nominees Ltd.

Room 1401, 14/F., Hutchison House, 10 Harcourt Road, Hong Kong.

0054552

 

 

HISTORY

 

The subject was incorporated on 14th May, 2003 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at 9/F., South Tower, World Finance Centre, 17 Canton Road, Tsimshatsui, Kowloon, Hong Kong, has moved to the present address in recent months.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:          Buying Office.

 

Lines:               Clothing; headgear; footwear; watches and clocks; pearls, precious and semi-precious stones; jewellery, imitation jewellery; travel goods and handbags; fish and seafood, fresh or preserved; vegetables, fruits and nuts; processed food, biscuits and confectionery; furniture, bedding, mattresses, cushions, carpets and floor coverings; non-electrical household articles, tableware, kitchenware and utensils; electrical household articles; electronic household articles, audio and video equipment, radios; lighting fixtures and fittings; gift and premiums; toys, pens, games; sporting goods; hides, skins and leather products; plastic products; ceramic products; wood products; glass and glassware; rubber products; paper and paperboard, articles of paper, stationery; optical and photographic instruments and apparatus; electrical machinery, apparatus and parts; mechanical machinery, apparatus and parts; office machines and computer equipment and parts; heating and cooling equipment and parts; electronic devices, parts and accessories; telecommunications, audio and video equipment and parts; cosmetics, toiletries, perfumery

 

Company Employees:    400.  (Including associates)

 

Group Employees:         269,493.  (As at 30-09-2013)

 

Commodities Imported:   Imported from China, Japan and other Asian countries.

 

Markets:                       Germany and other European countries.

 

Group Net Sales:           €67,955 million  (Year ended 31-12-2008)

€65,529 million  (Year ended 31-12-2009)

€67,258 million  (Year ended 31-12-2010)

€65,926 million  (Year ended 31-12-2011)

€66,739 million  (Year ended 31-12-2012)

€47,380 million  (Year ended 30-09-2012)

€46,321 million  (Year ended 30-09-2013)

 

Terms/Sales:                 As per contracted.

 

Terms/Buying:               Various terms.

 

MEMBERSHIP:             The Hong Kong General Chamber of Commerce, Hong Kong.
[Membership No. HKM0502]

German Chamber of Commerce, Hong Kong.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital: HK$50,000,000.00 (Divided into 500,000 shares of HK$100.00 each)

 

Issued Share Capital: HK$50,000,000.00

 

Increase of Nominal Capital:-

From

HK$10,000.00

to

HK$50,000,000.00

on

03-11-2003

 

Alternation of Issued Capital:-

14-05-2003

paid up

HK$            200.00

04-06-2003

paid up

HK$         9,800.00

17-11-2003

paid up

HK$49,990,000.00

 

 

––––––––––––––––

Total:

paid up

HK$50,000,000.00

==============

 

Group Net Profit/(Loss) Attributable to Shareholders:-

€401 million  (Year ended 31-12-2008)

€383 million  (Year ended 31-12-2009)

€850 million  (Year ended 31-12-2010)

€631 million  (Year ended 31-12-2011)

€  17 million  (Year ended 31-12-2012)

(€  19 million)  (Year ended 30-09-2012)

(€  71 million)  (Year ended 30-09-2013)

 

Group Net Worth:           €6,061 million  (As at 31-12-2008)

€5,992 million  (As at 31-12-2009)

€6,460 million  (As at 31-12-2010)

€6,437 million  (As at 31-12-2011)

€5,666 million  (As at 31-12-2012)

€5,649 million  (As at 30-09-2012)

€5,206 million  (As at 30-09-2013)

 

Group Profit or Loss:      Group suffered from a loss in FY 2013.

 

Condition:                      Keeping in an active and satisfactory condition.

           

Facilities:                      Making rather active use of general banking facilities.

 

Payment:                      Met as contracted.

 

Commercial Morality:      Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Very Good.

 

 

GENERAL

 

MGB METRO Group Buying HK Ltd. [MetroHK], incorporated in May 2003, was a wholly-owned subsidiary of MGB METRO Group Buying GmbH which is a Germany-based firm.  On 20th October, 2008, MGB METRO Group Buying GmbH transferred all its shares to MGB METRO Group Buying International GmbH [MGBI], also a Germany-based firm, which is in turn 100%-owned by METRO AG, a Germany-based firm.

Now MetroHK is directly under the control of METRO AG.

MetroHK is METRO AG’s global sourcing headquarters in Hong Kong and its business covers all markets outside the European Union.

 

METRO AG’s Hong Kong operation, under the name of Gemex Trading Ltd. [Gemex], was integrated into the Group and has signed under the name of MetroHK since 1st November, 2003.

Being METRO AG’s sourcing headquarters, MetroHK is responsible for all buying activities from Asia and non-European Union countries.

METRO AG has set up regional offices in strategically important countries which report directly to MetroHK.  MetroHK now has around 400 employees worldwide.  MetroHK has set up representative offices in China, India, Bangladesh, Vietnam and Turkey.

It moved to a new office in February 2013 which is located in 20/F., Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

MetroHK is trading in the following commodities: clothing (knitted, woven, leather and fur skins, accessories); headgear; footwear; watches and clocks; pearls, precious and semi-precious stones; jewellery, imitation jewellery; travel goods and handbags; fish and seafood, fresh or preserved; vegetables, fruits and nuts; processed food, biscuits and confectionery; furniture, bedding, mattresses, cushions, carpets and floor coverings; non-electrical household articles, tableware, kitchenware and utensils; electrical household articles; electronic household articles, audio and video equipment, radios; lighting fixtures and fittings; gift and premiums; Christmas decorations, artificial flowers and plants; toys, pens, games; sporting goods; hides, skins and leather products; plastic products; ceramic products; wood products; glass and glassware; rubber products; miscellaneous light industrial products; paper and paperboard, articles of paper, stationery; optical and photographic instruments and apparatus; electrical machinery, apparatus and parts; mechanical machinery, apparatus and parts; office machines and computer equipment and parts; heating and cooling equipment and parts; electronic devices, parts and accessories; telecommunications, audio and video equipment and parts; cosmetics, toiletries, perfumery, etc.

MetroHK’s business activities are the followings:-

Brand Packing and Label Services;

Buying Trip Services;

Financing Services;

Infrastructure Services;

Logistics Services;

Offer and Order Management;

Product Management;

Quality Assurance Services; &

Sourcing.

The METRO Group is headed by METRO AG, which is based in Düsseldorf and acts as a strategic management holding company.  METRO AG is one of the worldwide largest trading groups.

The METRO Group was created in 1996 by the merger of leading trade and retail companies.  The Group is composed of high-performing, independent individual companies and businesses.

Today, the METRO Group is the third largest retailer worldwide.

In the current year, METRO GROUP moved the end of its financial year from 31st December to 30th September.  For transition purposes, the current financial year 2013 will be a short nine month financial year (1st January, 2013 to 30th September, 2013).  The upcoming financial year 2013/14 beginning on 1st October, 2013 will represent a normal twelve-month financial year.

For the year ended 30th September, 2013, the METRO Group generated net sales of €46,321 million, decreased by 2.2% as compared with €47,380 million in FY 2012.  Group net loss for the year was  €71 million, as compared with a loss €19 million in FY 2012.

As a result of share price gains, METRO AG’s market capitalisation rose markedly, climbing to €9.6 billion at the end of September 2013 compared with €6.9 billion in December 2012.

Olaf Koch took over as Chairman of the Management Board of METRO AG on 1st January 2012 and is appointed until 13th September, 2015.

 

METRO GROUP, based in Düsseldorf, is a leading international retail and wholesale company.  Worldwide, 269,493 employees passionately work to optimally fulfil the expectations of its customers.

So far, it has bundled its attractive retail real estate portfolio and relevant activities into METRO PROPERTIES.  On 1st October, 2013, its operational activities were integrated into the sales lines and will no longer be reported as a separate segment.

In the years ahead, the Group has to cut down its overhead charges in order to minimize its losses.

On the whole, in view of the background and parentage of MetroHK, consider it good for normal business engagements.

 

DIAMOND INDUSTRY – INDIA

 

-            From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

-            The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

-            The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

-            Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

-            Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

-            Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

-            Excerpts from Times of India dated 30th October 2010 is as under –

 

-            Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry  is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

 

-            The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.26

UK Pound

1

Rs.97.51

Euro

1

Rs.77.94

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.