MIRA INFORM REPORT
|
Report No. : |
351134 |
|
Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NORWEST INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
7 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street, Cheung
Sha Wan, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
24.06.1998 |
|
|
|
|
Com. Reg. No.: |
22023858 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Garment and Accessories. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but correct |
|
Litigation : |
-- |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Contact Points
|
Company Name: |
NORWEST INDUSTRIES LIMITED |
|
Supplied Name: |
NORWEST INDUSTRIES LTD |
|
Trading Address: |
10 Floor, Park Fook Industrial Building 615-617
Tai Nan West Street, Cheung Sha Wan, Kowloon, Hong Kong |
|
Supplied Address: |
7/F PARK FOOK INDUSTRIAL BUILDING 615-617 TAI NAN WEST STREET CHEUNG
SHA WAN KOWLOON |
Note: The supplied address
is former address. The exact name and current address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
7 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street, Cheung
Sha Wan, Kowloon, Hong Kong |
|
Telephone Number: |
+852-3588-1988 |
|
E-mail: |
|
|
Date of Registration: |
1998-6-24 |
|
Registered Number: |
648235 |
|
Business Registration No.: |
22023858 |
|
Paid-up Capital: |
USD 4,000,000 = 4,000,000 Shares@ USD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
84599--Garments, Knitted Or Crocheted, N.E.S. (No) |
|
Principal Activities: |
Trading of garment and accessories. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-6-24 |
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
History
Subject was incorporated on 1998-6-24 with the registered number 0648235
as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
1998-10-27 |
Norwest Industries Limited |
|
1998-6-24 |
Norwest Trading Limited |
Corporate Structure
Parent Company
|
Name: |
Multinational Textile Group Limited |
|
Registered Address: |
Manor House, 1 St Floor, Cnr St George & Chazal Street, Port
Louis, Mauritius |
Related Companies
|
1 |
|
|
Name: |
Norwest Industries Ltd., Hangzhou Office |
|
Address: |
9th Floor, Kiangxin Buliding, #569 Wensan Road, Hangzhou,
Zhejiang, China |
|
2 |
|
|
Name: |
PG Group Limited |
|
Address: |
Shanghai City, China |
|
3 |
|
|
Name: |
Sino West Footwear |
|
Address: |
Dongguan City, Guangdong Province, China |
|
4 |
|
|
Name: |
Nor India Manufacturing Ltd |
|
Address: |
Coimbatore City, India |
|
5 |
|
|
Name: |
Norwest Industrial Sourcing |
|
Address: |
Dhaka City, Bangladesh |
Shareholders
|
Subscription
Amount |
Proportion of
Investment (%) |
|
|
Pallak Seth |
600,000 |
15% |
|
Multinational Textile Group Limited |
3,400,000 |
85% |
|
Total |
4,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Pallak Seth |
|
Registered Address: |
Flat 3 AT, 22 Down Street London WIJ 7AR United Kingdom |
|
2 |
|
|
Name: |
Multinational Textile Group Limited |
|
Registered Address: |
Manor House, 1 St Floor, Cnr St George & Chazal Street, Port
Louis, Mauritius |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Pallak Seth |
|
Registered Address: |
Flat 3 AT, 22 Down Street London WIJ 7AR United Kingdom |
|
Position: |
Director |
|
Passport Number: |
Z2183913 |
|
Issuing Country: |
India |
|
2 |
|
|
Name: |
Seth Deepak Kumar |
|
Registered Address: |
9 Avenue Ashok West End, Green Farms Rajokri New Delhi 110038 India |
|
Position: |
Director |
|
Passport Number: |
Z2530281 |
|
Issuing Country: |
India |
|
3 |
|
|
Name: |
Makam Suryanaray Settee Omprakash |
|
Address: |
1637, Suprabha 4th Main 19th Cross Hsr Layout
Sector 7 Landmark Near Hsr Club Bangalore 560034, Karnataka India |
|
Position: |
Director |
|
Passport Number: |
Z2021411 |
|
Issuing Country: |
India |
|
4 |
|
|
Name: |
Tricor Tengis Limited |
|
Address: |
Level 54, Hopewell Centre 183 Queen’s Road East Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
41027 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
10 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street,
Cheung Sha Wan, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Factory Unit B On 10/F Park Fook Industrial Building Nos.615-617 Tai Nan West Street Kowloon |
|
Owners: |
Norwest Industries Limited |
|
Memorial Number: |
07092102650035 Assignment |
|
Date of Instrument: |
2007-8-31 |
|
Date of Registration: |
2007-9-21 |
|
Consideration Value: |
HKD 19,050,000.00 (PT.) |
Note: (PT.) means “part of”.
Production Information
The subject is a trader of garment and accessories, etc without any
production activities.
It is introduced that subject has cooperative factories in many
countries such as the mainland of China, Bangladesh, India, Sri Lanka, and Turkey.
Purchase Information
Subject purchases its products both at home and abroad.
It is introduced that subject purchases some products from its
cooperative factories in many countries such as the mainland of China,
Bangladesh, India, Sri Lanka, and Turkey.
Sales Information
Subject is mainly engaged in sales of garment and accessories.
Subject’s major include clothing for gentleman and ladies.
Subject’s selling territory includes Asia, Europe, America, Australia
and Africa.
Subject’s major customers are garment or fashion brands, retails.
It is introduced that subject’s group has about 28 offices in different
parts of the world for distribution.
Trademark
|
Trade Mark No.: |
302674800 |
|
Status: |
Registered |
|
Mark: |
PDS Multinational Holdings Limited "Integrated global supply
chain solutions"
|
|
Mark Type: |
Ordinary |
|
Mark Description: |
The applicant claims the colours True Red (Pantone 19-1664tpx) and
Frost Gray (Pantone 17-000tpx) as elements of the trade mark. |
|
Owner's Name, Address: |
Norwest Industries Limited |
|
Owner's Address |
Messrs. Pang, Kung & Co., Solicitors |
|
Agent's Address: |
Rooms 1808-09, Wing On House, |
|
Class No.: |
20, 24, 25 |
|
Specification: |
Class 20 |
|
Date of Filing: |
17-07-2013 |
|
Date of Publication of |
29-11-2013 |
|
Date of Registration: |
17-07-2013 |
|
Actual Date of |
10-03-2014 |
|
Expiry date: |
16-07-2023 |
|
Historical Details: |
|
|
Date of entry |
Matters |
|
10-03-2014 |
REGISTRATION |
Settlements
Purchase
Domestic Purchase
|
Products |
Garment and accessories |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Garment and accessories |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Garment and accessories |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Garment and accessories |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no obligation to supply its
financial statement to the third party according to the relevant policy in Hong
Kong and the only source from which we can obtain the information is the
subject itself.
Subject’s relevant staff Mr. Alex rejected to disclose the financial
information, from other sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
|
Date: |
2010-3-24 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
000697/10 |
|
Claimant: |
Norwest Industries Ltd. |
|
Defendant: |
Lai Chi Cheung |
|
Reason: |
Motor Claims |
|
2 |
|
|
Date: |
2010-2-3 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
000697/10 |
|
Claimant: |
Norwest Industries Ltd. |
|
Defendant: |
Lai Chi Cheung |
|
Reason: |
Motor Claims |
|
3 |
|
|
Date: |
2008-1-7 |
|
Court Name: |
Labour Tribunal |
|
Court No.: |
LBTC5934 |
|
Claimant: |
(Lee Pak Mun) |
|
Defendant: |
Norwest Industries Limited |
|
Reason: |
Not State |
Mortgage Record
|
1 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
General Commercial Agreement |
|
Date of Creating Mortgage: |
2012-4-17 |
|
Amount Secured: |
All monies at the date of the deed or at any time thereafter or from
time to time due, owing or payable to the bank from or by the company (whether
alone or with any other person, either jointly or jointly and severally), and
all other liabilities of the company to the bank whatsoever from time to time
remaining unpaid or undischarged, whether actual or contingent, present or
future and including, without limitation liabilities incurred whether along
or with others (either jointly or jointly and severally) whether as principal
or surety, whether upon current account or other banking account or otherwise
in respect of bills, drafts, notes or other negotiable instruments made,
drawn, accepted, advised, endorsed or paid by the bank or on the bank’s
account for the company (either solely or jointly or jointly and severally),
or which the dealing, transaction or engagement on account of or for the benefit
of or accommodation of the company (either solely or jointly or jointly and
severally), together with all interest thereon, costs, commissions, banking
charges and expenses and all other costs, charges and expenses (including
legal fees on a full indemnity basis) which the bank may incur in connection
therewith or in recovering or attempting to recover monies due, owing or
payable to the bank from the company. |
|
Name of Mortgagee: |
ICICI Bank Limited, Hong Kong Branch (the “Bank”) |
|
Address of Mortgagee: |
Unit 1504B-1505, Level 15, International Commerce Centre, 1 Austin
Road West, Kowloon |
|
Description of Property Mortgaged: |
All bills of exchange drawn, accept or endorsed by the company, all
produce and goods, shipping documents, bills of lading, warrants, delivery
orders, wharfingers or other warehouse keepers certificates or receipts and
other documents of title, invoices and like documents (and the produce and
goods to which such documents relate) which are now or may at any time
hereafter be (i) warehoused or stored in the name of the Bank or its agent or
nominee or (ii) received by, deposited or lodged with, transferred to or
otherwise held by or pledge to the order or under the control of the Bank or
its agent or nominee (either directly or indirectly whether from or by the
company or any other person and whether for safe custody, collection,
security or for any specific purpose or generally) shall be held by and
pledged to the Bank as a continuing security for the payment and discharge of
all the moneys, obligations and liabilities referred to Clause 1 (Repayment)
and elsewhere in this Agreement. The company assigns and agree to assign to the Bank, as a continuing
security for the payment and discharge of all the moneys, obligations and liabilities
referred to in Clause 1 (Repayment) and elsewhere in this Agreement, all
their rights, title , benefit and interest both present and future in and to
(a) any and all moneys and claims for moneys (including claims for damages)
due or owing or to become due or owing to the company or for any of their
account under or pursuant to (i) any and all documentary credits opened in
the companies favour by or on behalf of ASDA Stores Limited, in relation to
the facilities provided under this Agreement, and all drafts, demands or
other instruments drawn or made or purported to be drawn or made thereunder
(“Master Credit”) and (ii) any and all contracts entered into by the company
for the sale or supply of goods or services (“Sale Contracts”), in respect of
which the Bank has, at the company’s request, opened or agreed to open one or
more corresponding or back-to-back documentary credit(s); (b) any and all
moneys and claims for moneys (including claims for damages) dues or owing or
to become due or owing to me (us) or for my (our) account under or pursuant
to policies of insurance effected or to be effected in respect of the goods
covered by any Master Credit or Sale Contract; and (c) all proceeds of any of
the foregoing (such moneys, claims and proceeds collectively “Assigned
Moneys”) I (we) acknowledge that notice of assignment may be given by the
Bank to the payer or potential payer of the Assigned Moneys. |
|
2 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
Charge over cash deposit (the “Deed”) between the Company and the Bank |
|
Date of Creating Mortgage: |
2012-4-17 |
|
Amount Secured: |
All monies at the date of the deed or at any time thereafter or from time
to time due, owing or payable to the bank from or by the company (whether
alone or with any other person, either jointly or jointly and severally), and
all other liabilities of the company to the bank whatsoever from time to time
remaining unpaid or undischarged, whether actual or contingent, present or
future and including, without limitation liabilities incurred whether along
or with others (either jointly or jointly and severally) whether as principal
or surety, whether upon current account or other banking account or otherwise
in respect of bills, drafts, notes or other negotiable instruments made,
drawn, accepted, advised, endorsed or paid by the bank or on the bank’s
account for the company (either solely or jointly or jointly and severally),
or which the dealing, transaction or engagement on account of or for the
benefit of or accommodation of the company (either solely or jointly or
jointly and severally), together with all interest thereon, costs,
commissions, banking charges and expenses and all other costs, charges and
expenses (including legal fees on a full indemnity basis) which the bank may
incur in connection therewith or in recovering or attempting to recover
monies due, owing or payable to the bank from the company. |
|
Name of Mortgagee: |
ICICI Bank Limited, Hong Kong Branch (the “Bank”) |
|
Address of Mortgagee: |
Unit 1504B-1505, Level 15, International Commerce Centre, 1 Austin
Road West, Kowloon |
|
Description of Property Mortgaged: |
By way of a first fixed charge, all the company’s present and future
rights in respect of the sum(s) of money and all interest from time to time
accruing or payable thereon (together the “Deposits”) Account no.: 852006869, and time deposits from time to time opened
with the Bank and all other accounts of whatever type from time to time
opened with the Bank by the Company (whether in joint names or in separate
names). |
|
3 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
Memorandum |
|
Date of Creating Mortgage: |
2012-3-12 |
|
Amount Secured: |
Loan or credit or other facilities |
|
Bank of Baroda |
|
|
Address of
Mortgagee: |
1010-1012, Hong Kong
Pacific Centre, 28 Hankow Road, Tsim Sha Tsui, Kowloon, Hong Kong |
|
No of receipt issued date amount USD due date |
|
|
4 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
“CHARGE ON DEPOSIT to secure THE DEPOSITOR’S OBLIGATIONS” (“Charge on
Deposit”) (executed by Norwest Industries Limited to Punjab National Bank) |
|
Date of Creating Mortgage: |
2011-11-4 |
|
Amount Secured: |
As a continuing security for the payment and discharge of the secured
obligations As used herein, “secured obligations “means all sums of money and
liabilities whether absolute or contingent, now are or at any time hereafter
may be due and owing or incurred to the bank on any account or in any manner
whatsoever by the depositor whether as principle or surety and whether by the
depositor solely or by the depositor jointly with any other person or persons
or from any firm in which the depositor may be a partner and in whatever
style, name. |
|
Name of Mortgagee: |
Punjab National Bank |
|
Address of Mortgagee: |
Unit 1003, 10th Floor, Li Po Chun Chambers, 189 Des Voeux
Road, Central, Hong Kong |
|
Description of Property Mortgaged: |
By Clause 4 of the Charge on Deposit (“Charge” the Depositor) hereby
undertakes and agrees that, during the continuance of this security. |
|
5 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
Undertaking relating to deposits |
|
Date of Creating Mortgage: |
2011-9-16 |
|
Amount Secured: |
“Liabilities” means all and any liabilities, sole or jointly, actual
or contingent, quantified or not, now or hereafter owing or incurred to the bank
by the depositor (or any of them) or the third party (or any of them) “Depositor” means the depositor or depositors shown above and their
successors in title. Where two or more persons are comprised in the
expression “the depositor”, covenants expressed to be made by the depositor
shall be deemed to be made jointly and severally and the act or default of
one shall be deemed to be the act or default of all of them. “Third Party” means the third party or parties (if any) and any other
person or persons now or hereafter designated by the depositor in writing as
a Third Party for the purpose of this undertaking. |
|
Name of Mortgagee: |
Canara Bank |
|
Address of Mortgagee: |
Room 904, 9/Fl, Aon China Building 29 Queen’s Road Central Hong Kong |
|
Description of Property Mortgaged: |
Any other addition sums to be deposited as per the terms of
undertaking relating to deposits. |
|
6 |
|
|
Company Name: |
Norwest Industries Limited |
|
Instrument of Creating Mortgage: |
Security Over Deposit in Respect of Obligations of the Depositor
(Company) - the “Agreement” |
|
Date of Creating Mortgage: |
2013-4-3 |
|
Amount Secured: |
To secure banking facilities and/or other financial accommodation up to
any sum or sums of money that the Bank may from time to time granted to the
Company |
|
Name of Mortgagee: |
Intesa Sanpaolo S.p.A. Hong Kong Branch |
|
Address of Mortgagee: |
36/Floor, The Lee Gardens, No. 33 Hysan Avenue, Causeway Bay, Hong
Kong |
|
Description of Property Mortgaged: |
Date(s): 28 Mar 2013 Amount(s): USD1,250,000.00 Number(s): 4647-001-6692 Instrument(s): Fixed Deposit |
Special Note
Interview Details
|
Name |
Mr. Alex |
|
Department: |
Sales Department |
|
E-mail” |
Industry Information
84599--Garments, Knitted Or Crocheted, N.E.S. (No)
Unit: HKD/000
|
|
2015.01~2015.6 |
|||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Britain |
2,691 |
1,451 |
42,176 |
15,058 |
|
Spain |
1,673 |
94 |
2,967 |
167 |
|
Indonesia |
15,028 |
400 |
52,715 |
1,540 |
|
Japan |
2,270 |
217 |
6,041 |
3,225 |
|
Sri Lanka |
28,696 |
3,630 |
117,406 |
14,027 |
|
Vietnam |
4,644 |
522 |
70,352 |
4,792 |
|
Macau |
5.526 |
286 |
11.308 |
856 |
|
Taiwan |
493 |
127 |
6,965 |
3,317 |
|
The Mainland of
China |
582,373 |
21,807 |
3,431,114 |
124,776 |
|
Exports |
||||
|
Canada |
-- |
-- |
12 |
36 |
|
719 |
24 |
5,478 |
187 |
|
|
Holland |
-- |
-- |
125 |
84 |
|
Singapore |
-- |
-- |
14 |
38 |
|
USA |
20 |
78 |
1,806 |
2,514 |
|
The Mainland of
China |
-- |
-- |
382 |
9 |
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 |
|
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 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
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 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports
figures have been rounded to the nearest final digit after summing up the
constituent trade figures.
Attachment
10 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street,
Cheung Sha Wan, Kowloon, Hong Kong
10 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street,
Cheung Sha Wan, Kowloon, Hong Kong
10 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street,
Cheung Sha Wan, Kowloon, Hong Kong
10 Floor, Park Fook Industrial Building 615-617 Tai Nan West Street,
Cheung Sha Wan, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
HKD |
1 |
Rs.8.60 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.