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Report No. : |
306781 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SACMI HONG KONG LTD. |
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Registered Office : |
Room A & B, 16/F., |
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Country : |
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Date of Incorporation : |
02.07.1991 |
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Com. Reg. No.: |
15242158 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER
AND EXPORTER OF ALL KINDS OF MACHINERY AND EQUIPMENT. |
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No of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Hong Kong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market
economy, highly dependent on international trade and finance - the value of
goods and services trade, including the sizable share of re-exports, is about four
times GDP. Hong Kong has no tariffs on imported goods, and it levies excise
duties on only four commodities, whether imported or produced locally: hard
alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or
dumping laws. Hong Kong's open economy left it exposed to the global economic
slowdown that began in 2008. Although increasing integration with China,
through trade, tourism, and financial links, helped it to make an initial
recovery more quickly than many observers anticipated, its continued reliance
on foreign trade and investment leaves it vulnerable to renewed global
financial market volatility or a slowdown in the global economy. The Hong Kong
government is promoting the Special Administrative Region (SAR) as the site for
Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to
establish RMB-denominated savings accounts; RMB-denominated corporate and
Chinese government bonds have been issued in Hong Kong; and RMB trade
settlement is allowed. The territory far exceeded the RMB conversion quota set
by Beijing for trade settlements in 2010 due to the growth of earnings from
exports to the mainland. RMB deposits grew to roughly 12% of total system
deposits in Hong Kong by the end of 2013. The government is pursuing efforts to
introduce additional use of RMB in Hong Kong financial markets and is seeking
to expand the RMB quota. The mainland has long been Hong Kong's largest trading
partner, accounting for about half of Hong Kong's total trade by value. Hong Kong's
natural resources are limited, and food and raw materials must be imported. As
a result of China's easing of travel restrictions, the number of mainland
tourists to the territory has surged from 4.5 million in 2001 to 34.9 million
in 2012, outnumbering visitors from all other countries combined. Hong Kong has
also established itself as the premier stock market for Chinese firms seeking
to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4%
of the Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Credit expansion and tight housing supply conditions have caused Hong
Kong property prices to rise rapidly; consumer prices increased by more than 4%
in 2013. Lower and middle income segments of the population are increasingly
unable to afford adequate housing. Hong Kong continues to link its currency closely
to the US dollar, maintaining an arrangement established in 1983. In 2013, Hong
Kong and China signed new agreements under the Closer Economic Partnership
Agreement, adopted in 2003 to forge closer ties between Hong Kong and the
mainland. The new measures, effective from January 2014, cover services and
trade facilitation, and will improve access to the mainland's service sector
for Hong Kong-based companies.
|
Source
: CIA |
SACMI HONG KONG
LTD.
ADDRESS: Room A
& B, 16/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2598
8373, 2598 8801
FAX: 2598
5132, 2598 7917, 2598 0950
E-MAIL: sacmihk@sacmihk.com
General Manager: Mr. Mauro Masini
Incorporated on: 2nd July, 1991.
Organization: Private Limited Company.
Capital: Nominal: HK$6,750,000.00
Issued: HK$6,750,000.00
Business Category: Machinery
Trader.
Group Turnover: €1,227 million (FY2013)
Employees: 10. (Hong Kong)
Main Dealing Banker: The Hong
Kong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:
Room A & B, 16/F., Neich Tower, 128 Gloucester Road, Wanchai,
Hong Kong.
Foshan Commercial
Branch:-
Xingye North Road, North Park of Nanhai Economic Development Zone,
Shishan Town, Nanhai District, 528222 Foshan City, Guangdong Province, China.
[Tel: 86-757-8120 6111, 8120 6100
Fax: 86-757-8120 6199
E-mail: info@sacmi.cn]
Holding Company:-
H.P.S. S.p.A., Italy.
Ultimate Holding
Company:-
Sacmi Imola S.C.
Via Selice Provinciale 17/A, 40026 Imola, Bologna, Italy.
[Tel: 39 0542 607111; Fax: 39
0542 642354]
Associated/Affiliated
Companies:-
Sacmi Group of Companies
Alpha Ceramics GmbH, Germany.
Carle & Montanari S.p.A., Italy.
Carle & Montanari U.S.A. Inc., USA.
Carle & Montanari-OPM S.p.A., Italy.
CMFIMA S.r.l., Italy.
Decodigit S.p.A., Italy.
Fima S.r.l., Italy.
Gaiotto Automation S.p.A., Italy.
Grade Two Ltd., UK.
Hayes Machine Co. Inc., USA.
HPS - Sinergia S.p.A., Italy.
IN.TE.SA S.p.A., Italy.
Iprel Progetti S.r.l., Italy.
Italiansped Ltd., Russian Federation.
Italiansped S.p.A., Italy.
KEMAC - Sacmi Impianti S.p.A., Italy.
Keratech S.p.A., Italy.
Laeis (Dalian) Trading Co. Ltd., China.
Laeis GmbH, Luxembourg.
Matrix S.r.l., Italy.
Moldes Ceramicos S.A. de C.V., Mexico.
Molds & Dies Egypt, Egypt.
Molds & Dies Ltd., USA.
Negri Bossi France S.A.S., France.
Negri Bossi Inc., Canada.
Negri Bossi Ltd., UK.
Negri Bossi Mexico S.A. de C.V., Mexico.
Negri Bossi S.A., Spain.
Negri Bossi S.p.A., Itlay.
Negri Bossi USA Inc., USA.
Nuova Fima S.p.A., Italy.
Oima S.p.A., Italy.
OOO Sacmi Mosca Ltd., Russian Federation.
OPM S.p.A., Italy.
P.T. Indosped Maju Sejahtera, Indonesia.
P.T. Molds & Dies Indonesia, Indonesia.
Pet Projecta S.r.l., Italy.
Plastinject S.p.A., Italy.
Protesa S.p.A., Italy.
Riedhammer GmbH, Germany.
Riedhammer Japan Co. Ltd., Japan.
Roboline S.r.l., Italy.
Sacmi (Changshu) Machinery Equipment Co. Ltd., China.
Sacmi (Shanghai) Machinery Equipment Co. Ltd., China.
Sacmi Beverage de Mexico S.A. de C.V., Mexico.
Sacmi Beverage Venezuela C.A., Venezuela.
Sacmi Carpmec S.p.A., Italy.
Sacmi de Mexico S.A. de C.V., Mexico.
Sacmi Deutschland GmbH, Germany.
Sacmi do Brasil Industria e Comercio Ltda., Brazil.
Sacmi Engineering (India) Pvt. Ltd., India.
Sacmi Filling S.p.A., Italy.
Sacmi Forni S.p.A., Italy.
Sacmi Iberica S.A., Spain.
Sacmi Impianti India, India.
Sacmi Impianti S.A. Argentina, Argentina.
Sacmi Impianti S.p.A., Italy.
Sacmi Iran Sazeh Ceramic & Material Iranian Co., Iran.
Sacmi Istanbul Sanayi Ve Tic. Ltd. Sti., Turkey.
Sacmi Labelling SCM S.p.A., Italy.
Sacmi Machinery (Foshan Nanhai) Co. Ltd., China.
Sacmi Machinery Korea Co. Ltd., Korea.
Sacmi Mechinery (Foshan Nanhai) Co. Ltd., China.
Sacmi Middle East, UAE.
Sacmi Moldes & Dies Mexico S.A. de CV, Mexico.
Sacmi Molds & Dies Pars Co., Iran.
Sacmi Molds & Dies S.p.A., Italy.
Sacmi North Africa, Morocco.
Sacmi Packaging S.p.A., Italy.
Sacmi Pakim S.r.l., Italy.
Sacmi Polska Sp. z o.o., Poland.
Sacmi Portugal, Portugal.
Sacmi Singapore Pte. Ltd., Singapore.
Sacmi South Africa, South Africa.
Sacmi Thailand Co. Ltd., Thailand.
Sacmi USA Ltd., USA.
Sacmi Verona S.p.A., Italy.
Sacmi Vietnam, Vietnam.
Sacmi West Europe Beverage Technology, France.
Sama Maschinenbau GmbH, Germany.
Sazeh Ceramic & Material Iranian Co., Iran.
Sima S.r.l., Italy.
Surface Inspection Grade Two Ltd., UK.
15242158
0316057
General Manager: Mr. Mauro Masini
Executive Secretary: Ms. Pennie Ko
Financial Manager: Mr. Roger Lee
GM Assistant: Ms. Jennifer Yeo
Sales Manager: Mr. Li Qiang Hui
Nominal Share Capital: HK$6,750,000.00
(Divided into 6,750,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,750,000.00
(As per registry
dated 02-07-2014)
|
Name |
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No. of shares |
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H.P.S. S.p.A. Via Selice Provinciale 17/A, 40026 Imola, Bologna, Italy. |
|
6,750,000 ======= |
(As per registry
dated 02-07-2014)
|
Name (Nationality) |
Address |
|
Stefano FOSCHINI |
Via Malpighi, 29-48018 Faenza (RA), Italy. |
|
Giovanni LANCIERI |
Via Tinti nr. 9, 40026 Imola (Bologna), Italy. |
|
Valerio GUERRINI |
Via Don Minzoni G., 14-48010 Fusignano (RA), Italy. |
(As per registry
dated 02-07-2014)
|
Name |
Address |
Co. No. |
|
Tricor Strath Ltd. |
Level 54 Hopewell Centre, 183 Queen’s Road East, Hong Kong. |
0004873 |
The subject was incorporated on 2nd July, 1991 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Tarsel Ltd.,
name changed to the present style on 9th January, 1992.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: All
kinds of Machinery and Equipment.
Employees: 10. (Hong Kong)
160. (China)
Commodities Imported: Imported
from Italy, Europe, US, etc.
Markets: Hong
Kong, China, other Asian countries, Europe, North America, etc.
Group Turnover: € 972 million
(FY2009)
€1,030
million (FY2010)
€1,303
million (FY2011)
€1,243
million (FY2012)
€1,227
million (FY2013)
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
MEMBERSHIP: The Italian
Chamber of Commerce in Hong Kong and Macao, Hong Kong.
Nominal Share Capital: HK$6,750,000.00 (Divided into 6,750,000 shares of
HK$1.00 each)
Issued Share Capital: HK$6,750,000.00
Group EBIT: € 54 million
(FY2009)
€ 73 million
(FY2010)
€124 million (FY2011)
€109 million (FY2012)
€120 million (FY2013)
Group Net Worth: €541
million (FY2009)
€548 million (FY2010)
€572 million (FY2011)
€585 million
(FY2012)
€593 million (FY2013)
Profit or Loss: Making
a small profit every year.
Condition: Keeping in an active
condition.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hong Kong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Very Good.
Sacmi Hong Kong Ltd. is a wholly-owned subsidiary of H.P.S. S.p.A. [HPS]
which is an Italy-based firm. The
ultimate holding company Sacmi Imola S.C. [Sacmi Imola] is also an Italy-based
firm. The subject is a member of the
Sacmi Group.
The subject, through its representative offices in China and Vietnam
(Hanoi and Hochiminh), is promoting sales, marketing and after-sales services
for and on behalf of the parent company — Sacmi Imola which is a leading
manufacturer of machinery and complete plants for ceramic tiles, sanitary ware,
tableware and refractory industries, as well as closure, filling, labelling and
packing industries.
The subject’s services, including also the technical and technological
assistance to assembly and start-up and original Sacmi spare parts warehouse,
are mainly carried out in China, Vietnam, Japan, South Korea and Taiwan. Maintenance, technological assistance and after-sales
are provided through the workshop and the laboratory of the Foshan office,
Guangdong Province, China which now has about 160 employees working in a
facility of 2,500 sq.m.
The Foshan office is formally known as Sacmi Hong Kong Ltd. Foshan
Commercial Branch. Another firm known as
Sacmi Machinery (Foshan Nanhai) Co. Ltd. which is also a member of the Sacmi
Group is also located at the Foshan office.
The subject is engaged in providing customers with after-sales services
in China. It has set up representative
offices in Hanoi and Hochiminh of Vietnam, besides the Foshan office.
The Group also has set up a company in Shanghai known as Sacmi
(Shanghai) Machinery Equipment Co. Ltd.
The Group’s Foshan company has then become the headquarters for the
Ceramic field while Shanghai is the headquarters for the Packaging field.
The subject is the regional office of Sacmi Group and the parent company
is Sacmi Imola. Sacmi Imola was founded
in 1919 and its activities include complete turn-key plants for ceramic tiles,
sanitary ware, tableware, refractory and packaging fields, including machinery
manufacturing, complete plants supply, spare parts production and supply,
technical/technological assistance and know-how.
While the Group’s core business has traditionally been – and remains – the
design and construction of machines and complete plants for the ceramic
industry, Sacmi has steadily branched out into other areas and now has four operating divisions, consisting of
companies specialised in cutting-edge technologies:-
· Packaging
Ceramics
Food
Inspection
Systems
Plastics
Services
The headquarters, with the main workshop, ceramic and packaging research
labs in Sacmi Imola, have employed about 1,000 staff. Thousands of Sacmi machine are in use all
over the world and exports account for around 85% of the Group’s total
business.
Sacmi Imola is an international group manufacturing machines and
complete plants for the Ceramics, Beverage and Packaging, Processing and
Plastics industries – markets in which it is a recognized worldwide leader.
Already world market leader in the ceramic machinery industry, Sacmi has
in fact significantly contributed – with deep product and process innovations –
to the development of avant-garde solutions for the beverage industry.
The 2013 Group total sales amounted to €1,227 million, decreased by 1.3%
as compared with €1,243 million in 2012.
Its EBIT was €120 million, grew by 10.1% as compared with €109 million
in FY 2012.
These results can be attributed to the successful synergies and
opportunities that came from the merger of Carle&Montanari and OPM, as well
as excellent resource management in all company departments.
2013 marked the first complete year of operation for
Carle&Montanari-OPM Spa and CM-FIMA Srl.
These new companies come from the re-organisation of Carle&Montanari
Holding (CMH), completed in October, 2012.
The Sacmi Group has production plants, distribution companies and
service companies in 25 countries, and the parent company in Imola (Bologna,
Italy) now controls over 70 firms via the holding company HPS. 88% of Group sales come from exports.
For the year ended 2013, Sacmi Group has about 4,175 employees in
82 companies and more than 3,000 clients all over the world.
The subject is fully supported by the Sacmi Group.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.