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Report No. : |
302312 |
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Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TEMPE TRADING ASIA LTD. |
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Formerly Known As : |
INDITEX ASIA LIMITED |
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Registered Office : |
Suite 3401-3405, 3409-3412, 34/F., Tower 2, The Gateway, Harbour City,
25 Canton Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.05.1997 |
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Com. Reg. No.: |
20924135 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of All Kinds of Footwear. |
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No. of Employee : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
TEMPE TRADING ASIA
LTD.
ADDRESS: Suite 3401-3405, 3409-3412, 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 16,724 million (Year ended 31-01-2014)
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, 3409-3412, 34/F., Tower 2, The Gateway, Harbour City,
25 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
Tempe S.A., Spain.
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 Commercial Beijing 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. Taiwan Branch, Taiwan.
Bershka Taiwan B.V., Netherlands.
Bershka UK Ltd., UK.
Bershka Ukraine LLC, Ukraine.
Bershka USA Inc., USA.
Best Retail Kazakhstan LLP, Kazakhstan.
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 Logistic Forwarders S.A., Spain.
Fashion Retail Espana S.A., Spain.
Fibracolor S.A., Spain.
FSF New York LLC, USA.
FSF Soho LLC, USA.
G.Zara Home Uruguay S.A., Uruguay.
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 Albania SHOP, Albania.
ITX Asia Pacific Enterprise Management Co. Ltd., China.
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 Financien III 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 Serboa D.O.O. Belgrade, Serbia.
Massimo Dutti Suisse S.A.R.L., Switzerland.
Massimo Dutti Sverige AB, Sweden.
Massimo Dutti Taiwan B.V. Taiwan Branch, Taiwan.
Massimo Dutti Taiwan B.V., Netherlands.
Massimo Dutti UK Ltd., UK.
Massimo Dutti Ukraine LLC, Ukraine.
Massimo Dutti USA Ltd., USA.
Massimo Dutti Venezuela S.A., Venezuela.
Mastel Reail Kazakhstan LLP, Kazakhstan.
MD Benelux N.V., Belgium.
Msssimo Dutti BH. D.O.O., Bosnia Herzegovina.
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 Hong Kong Ltd., Hong Kong.
Oysho Italia S.R.L., Italy.
Oysho Kazakhstan LLP, Kazakhstan.
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.
Pro Retail Kazakhstan LLP, Kazakhstan.
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 Deutschland BV & Co., Germany.
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. Branch, Taiwan.
Pull & Bear Taiwan B.V., Netherlands.
Pull & Bear UK Ltd., UK.
Pull & Bear Ukraine LLC, Ukraine.
Retail Group Kazakhstan LLP, Kazakhstan.
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.
Spanish Retail Kazakhstan LLP, Kazakhstan.
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 Japan Corporation, Japan.
Stradivarius Korea Ltd., Korea.
Stradivarius Logistica S.A., Spain.
Stradivarius Macau Ltd., Macao.
Stradivarius Magyarorzág KFT, Hungary.
Stradivarius Mexico S.A. de C.V., Mexico.
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.
Tempe Brasil Ltda., Brazil.
Tempe Diseño S.L., Spain.
Tempe Logistica S.A., Spain.
Tempe Mexico S.A. de C.V., Mexico.
Tempe Trading, Switerzland.
TMP Trading (Shanghai) Co. Ltd., China.
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 Macao Ltd., Macau.
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 Finland Oy, Finland.
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 Hong Kong Ltd., Hong Kong.
Zara Home Italia S.R.L., Italy.
Zara Home Japan Corp., Japan.
Zara Home Kazakhstan LLP, Kazakhstan.
Zara Home Logistica S.A., Spain.
Zara Home Macao Ltd., Macau.
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 Sverige AB, Sweden.
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 14-05-2014)
|
Name |
|
No. of shares |
|
Tempe S.A. Avenida. De La Diputacion, Edificio Inditex, Arteixo (A Coruna),
Spain. |
|
1,200,000 ======= |
(As per registry dated 08-08-2014)
|
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 14-05-2014)
|
Name |
Address |
|
Raymond LAW |
Suite 3401-3405, 3409-3412, 34/F., Tower 2, The Gateway,
Harbour City, 25 Canton Road, Tsimshatsui, Kowloon, 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
11,048 million (Year ended 31-01-2010)
EUR 12,527 million (Year ended
31-01-2011)
EUR 13,793 million (Year ended
31-01-2012)
EUR 15,946 million (Year ended
31-01-2013)
EUR 16,724 million (Year ended
31-01-2014)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
FINANCIAL INFORMATION:
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
1,322 million (Year ended 31-01-2010)
EUR 1,741 million (Year ended
31-01-2011)
EUR 1,946 million (Year ended
31-01-2012)
EUR 2,367 million (Year ended
31-01-2013)
EUR 2,382 million (Year ended
31-01-2014)
Profit or Loss: Group 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: Very Good.
Tempe Trading Asia Ltd. is a wholly-owned subsidiary of Tempe S.A.
[Tempe], a Spain-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.
Inditex is a global fashion group with a presence in five continents, 87
markets and both the Northern and Southern Hemispheres which engages mainly in
the retail sale of fashion goods, principally clothing, footwear, accessories
and textile products for the home.
Inditex carries out its activity through various commercial formats such
as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara
Home and Uterqüe.
Each format’s commercial activity is carried out through chains of
stores managed directly by companies in which Inditex holds all or the majority
of the share capital, with the exception of certain countries where, for
various reasons, the retail selling activity is performed through franchises.
Net sales of the Group for FY2013 reached EUR 16,724 million, 5% higher
than in FY2012. Net sales in local
currencies rose 8%.
In FY2013 Inditex retail space increased 9%. Total selling area at FYE reached 3,441,969
square metres.
Net store openings in FY2013 amounted to 331 reaching a total of 6,340
stores in 87 markets. In FY2013 Inditex
opened stores in 61 markets.
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.
Inditex has closed 2013 with a total payroll of 128,313 employees. Of these, 7,999 are net incorporations this
year, with an increase of 6.6% over 2012.
In Spain alone, at the close of the year the Group employed 40,184
people, 1.8% more than the previous year.
78% of the employees are women, compared to 22% men. The average age of staff in 2013 was 32
years.
Having a number of associated companies located at the same address in
Hong Kong, the subject is fully supported by the Inditex Group. History in Hong Kong is over 17 years and
seven months.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
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.