MIRA INFORM REPORT
|
Report No. : |
329740 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
STRATASYS AP LIMITED |
|
|
|
|
Registered Office : |
7th Floor, C-Bons International Center, 108 Wai Yip Street, Kwun Tong, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
30.05.2006 |
|
|
|
|
Com. Reg. No.: |
1048704 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of 3D Printer. |
|
|
|
|
No. of Employees : |
More Than 2,900 [Group, As of 2015.3] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 – 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: |
|
|
Supplied Name: |
STATASYS AP LIMITED |
|
Trading Address: |
6th and 7th Floor, C-Bons International Center,
108 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong |
|
Supplied Address: |
7th Floor C Bons International Center 108 Wai Yip Street, Kwun Tong
Kowloon |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
7th Floor, C-Bons International Center,
108 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong |
|
Telephone Number: |
+852-3944-8888 |
|
Fax Number: |
+852-2174-0555 |
|
Date of Registration: |
2006-5-30 |
|
Registered Number: |
1048704 |
|
Business Registration No.: |
36815627 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD
1 (As of 2015.7, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
75196 Other Printers, Copying And Facsimile Machines
(NO.) |
|
Principal Activities: |
Trading of 3D printer. |
|
Staff: |
More than 2,900 employees (Group, as of
2015.3) |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-30 |
History
Subject was incorporated on 2006-5-30 with the
registered number 1048704 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2013-2-18 |
Stratasys AP Limited |
|
2011-7-27 |
Objet AP Limited |
|
2006-5-30 |
Objet Geometries AP Limited |
Corporate Structure
Parent Company
|
Name: |
Stratasys Ltd. |
|
Address: |
2 Holzman Street, Science Park, P.O. Box
2496, Rehovot 76124, Israel |
|
Tel: |
+972-8-931-4314 |
|
Listed at Stock Exchange: |
Yes; stock symbol: NASDAQ:SSYS |
Major Related Companies
|
Stratasys, Inc. (Delaware) Objet Geometries Inc. (DBA Objet Inc.) (Delaware) Stratasys Shanghai Ltd. (China) Stratasys GMBH (Germany) Technimold, S.R.L.(Italy) Stratasys Japan Co. Ltd. (Japan) Stratasys International Ltd. (Israel)\ Solidscape, Inc. (Delaware) Stratasys Advanced Technologies, Inc. (Delaware) Stratasys Singapore Pte. Ltd. (Singapore) Stratasys Latin America Representacao De Equipamentos Ltd. (Brazil) Stratasys Korea Ltd. (Korea) Baccio Corporation (Delaware) MakerBot Industries, LLC (New York) Thinginverse, LLC (New York) |
Group Offices
|
1 |
|
|
Address: |
8F Sumitomo Fudosan Kayabacho Bldg. No.2
Shinkawa2-26-3 Chuo-ku, Tokyo. 104-0033 Japan |
|
Tel: |
+03-5542-0042 |
|
Fax: |
+03-5566-6360 |
|
2 |
|
|
Address: |
1/F Multimedia Building No. 757 Guang Zhong
Xi Road Shanghai, 200072 China |
|
Tel: |
+86-21-2601-8899 |
|
3 |
|
|
Address: |
Airport Boulevard B 120 Rheinmünster 77836
Germany |
|
Tel: |
+49-7229-7772-0 |
|
Fax: |
+49-7229-7772-990 |
|
4 |
|
|
Address: |
Materialise Technologielaan 15 3001 Leuven
Belgium |
|
Tel: |
+32-16-39-67-60 |
|
Fax: |
+32-16-39-62-75 |
|
5 |
|
|
Address: |
Praça Galdino Ramos da Silva, 130 Campestre
Santo Andre– SP 09080-050 |
|
Tel: |
+1 888-311-1017 |
|
Fax: |
+5511 4421 9306 |
|
6 |
|
|
Address: |
9600 West 76th Street Eden Prairie, MN 55344
United States |
|
Tel: |
+1 800-801-6491 |
|
Fax: |
+1 952-294-3900 |
|
7 |
|
|
Address: |
316 Daniel Webster Highway Merrimack, NH
03054 United States |
|
Tel: |
+1 603-429-9700 |
|
Fax: |
+1 603-424-1850 |
|
8 |
|
|
Address: |
815 Kirkley Drive Belton, TX 76513 United
States |
|
Tel: |
+1 888-311-1017 |
|
Fax: |
+1 254-298-0125 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Stratasys Ltd. |
10,000 |
100% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
Name: |
Stratasys Ltd. |
|
Address: |
2 Holzman Street, Science Park, P.O. Box
2496, Rehovot 76124, Israel |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Krieger Omer |
|
Address: |
Flat A, 26/F., Block 4, Dynasty Court,23 Old
Peak Rd., HK |
|
Position: |
Director |
|
Passport Number: |
29011954 |
|
Issuing Country: |
Israel |
|
Date of Appointment: |
2015-5-1 |
|
2 |
|
|
Name: |
Levin Ilan Shlomo |
|
Address: |
46/22 Menuha Venahala, St. Rehovot, Israel |
|
Position: |
Director |
|
Passport Number: |
21332358 |
|
Issuing Country: |
Israel |
|
3 |
|
|
Name: |
Reis David Michael |
|
Address: |
6 Haerez St., Ra’anana, Israel |
|
Position: |
Director |
|
Passport Number: |
10940607 |
|
Issuing Country: |
Israel |
|
4 |
|
|
Name: |
Simha Erez |
|
Address: |
6 Nisim Aloni St., Tel Aviv 62919, Israel |
|
Position: |
Director |
|
Passport Number: |
15093327 |
|
Issuing Country: |
Israel |
|
5 |
|
|
Name: |
Prinza Limited |
|
Address: |
3806 Central Plaza, 18 Harbour Road,
Wanchai, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
334490 |
Former Director:
|
Name: |
Jaglom Jonathan |
|
Address: |
Flat C, 16th Floor, Azura No. 2A
Seymour Road, Hong Kong |
|
Passport Number: |
20585912 |
|
Issuing Country: |
Israel |
|
Date of Resignation: |
2015-5-1 |
Personnel Structure
|
Total Employees |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
6th and 7th Floor, C-Bons International Center,
108 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Office No.1 on 7th Floor C-Bons
International Center No.108 Wai Yip Street Kowloon |
|
Owners: |
Hong Kong Baptist Hospital |
|
Memorial Number: |
10072701800045 Assignment With Plans |
|
Date of Instrument: |
2010-6-30 |
|
Date of Registration: |
2010-7-27 |
|
Consideration Value: |
HKD 82,651,200.00 (PT.) |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13032001700012 |
|
Date of Instrument: |
2013-3-1 |
|
Date of Registration: |
2013-3-20 |
|
Nature: |
Tenancy Agreement With Plans Remarks: for
the term of 3 years commening from 1.3.2013 to 29.2.2016 with an option to
renew for further term of 3 years |
|
In Favor of: |
OBJET AP LIMITED |
|
Consideration: |
The Rent Is $404,256.00 Per Month (PT.) |
|
2 |
|
|
Memorial No.: |
10062402820605 |
|
Date of Instrument: |
2010-6-1 |
|
Date of Registration: |
2010-6-24 |
|
Nature: |
Deed Of Mutual Covenant And Management
Agreement With Plans |
|
In Favor of: |
Kai Shing Management Services Limited |
|
3 |
|
|
Memorial No.: |
10042001500021 |
|
Date of Instrument: |
2010-3-26 |
|
Date of Registration: |
2010-4-20 |
|
Nature: |
Agreement For Sale And Purchase With Plans Remark: see assignment MEM. NO.
10072701800045 |
|
In Favor of: |
Hong Kong Baptist Hospital |
|
Consideration: |
HKD 82,651,200.00 (PT.) |
Note: PT. means of part of.
Production Information
Subject is a trader of 3D printer.
It is introduced that subject’s group has
factories in USA for production.
Purchase Information
Subject’s products are provided by its group’s
factories in USA.
Sales Information
Subject is engaged in trading of 3D printer.
Subject’s major products series are the
MakerBot desktop series, the Idea Series, the Design Series, and the Production
Series.
It is introduced that subject’s products are
mainly applied to industries of Aerospace, Architecture, Automotive and Education.
It is introduced that subject sells seven
different brands across these product series: MakerBot, Mojo, uPrint, Dimension,
Objet, Fortus and SolidScape.
It is introduced that subject’s group holds
over 800 granted or pending additive manufacturing patents globally.
Subject’s sales regions include domestic
market and overseas.
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
3D printer. |
|
Payment Terms |
Internal settlement, T/T |
Domestic Markets
|
Product |
3D printer. |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
3D printer. |
|
Selling Terms |
L/C, T/T |
Balance Sheet
Unit: USD/000
|
Consolidated |
2013-12-31 |
|
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
$442,141 |
$414,088 |
|
Short-term bank deposits |
595 |
200,370 |
|
Accounts receivable, net |
150,806 |
99,200 |
|
Inventories |
123,385 |
88,406 |
|
Net investment in sales-type leases |
8,170 |
6,696 |
|
Prepaid expenses |
7,931 |
5,470 |
|
Deferred income taxes |
25,697 |
16,501 |
|
Other current assets |
37,903 |
21,398 |
|
Total current assets |
796,628 |
852,129 |
|
Non-current assets |
|
|
|
Goodwill |
1,323,502 |
1,195,891 |
|
Other intangible assets, net |
597,903 |
622,330 |
|
Property, plant and equipment, net |
157,036 |
91,005 |
|
Net investment in sales-type leases -
long-term |
14,822 |
11,219 |
|
Other non-current assets |
9,216 |
9,647 |
|
Total non-current assets |
2,102,479 |
1,930,092 |
|
Total assets |
$2,899,107 |
$2,782,221 |
|
Liabilities And Equity |
|
|
|
Current liabilities |
|
|
|
Accounts payable |
$37,359 |
$35,375 |
|
Short-term debt |
50,000 |
-- |
|
Accrued expenses and other current
liabilities |
47,760 |
29,868 |
|
Accrued compensation and related benefits |
42,332 |
21,441 |
|
Obligations in connection with acquisitions |
28,092 |
12,027 |
|
Deferred revenues |
45,023 |
36,033 |
|
Total current liabilities |
250,566 |
134,744 |
|
Non-current liabilities |
|
|
|
Obligations in connection with acquisitions
- long-term |
26,461 |
16,998 |
|
Deferred tax liabilities |
55,835 |
105,901 |
|
Deferred revenues - long-term |
5,946 |
3,315 |
|
Other non-current liabilities |
25,091 |
21,476 |
|
Total non-current liabilities |
113,333 |
147,690 |
|
Total liabilities |
$363,899 |
$282,434 |
|
Redeemable non-controlling interests |
3,969 |
-- |
|
Equity |
|
|
|
Ordinary shares, NIS 0.01 nominal value,
authorized 180,000 thousands shares; 50,923 thousands shares and 49,211 thousands shares issued and
outstanding at December 31, 2014 and 2013,respectively |
139 |
133 |
|
Additional paid-in capital |
2,568,149 |
2,412,197 |
|
Retained earnings (accumulated deficit) |
-33,871 |
85,549 |
|
Accumulated other comprehensive income
(loss) |
-3,647 |
1,908 |
|
Equity attributable to Stratasys Ltd. |
2,530,770 |
2,499,787 |
|
Non-controlling interests |
469 |
-- |
|
Total equity |
2,531,239 |
2,499,787 |
|
Total liabilities and equity |
$2,899,107 |
$2,782,221 |
Profit and Loss Account
Unit: USD/000
|
Consolidated |
2014 |
2013 |
|
Net sales |
|
|
|
Products |
$612,138 |
$414,853 |
|
Services |
137,991 |
69,550 |
|
|
750,129 |
484,403 |
|
Cost of sales |
|
|
|
Products |
302,838 |
213,427 |
|
Services |
84,897 |
44,803 |
|
|
387,735 |
258,230 |
|
Gross profit |
362,394 |
226,173 |
|
Operating expenses |
|
|
|
Research and development, net |
82,270 |
52,310 |
|
Selling, general and administrative |
351,993 |
202,040 |
|
Goodwill impairment |
102,470 |
-- |
|
Change in fair value of obligations in
connection with acquisitions |
-26,150 |
754 |
|
|
510,583 |
255,104 |
|
Operating income (loss) |
-148,189 |
-28,931 |
|
Financial income (expense), net |
-6,529 |
-450 |
|
Income (loss) before income taxes |
-154,718 |
-29,381 |
|
Income taxes |
-35,248 |
-2,474 |
|
Net income (loss) |
-119,470 |
-26,907 |
|
Net income (loss) attributable to non-controlling
interests |
-50 |
47 |
|
Net income (loss) attributable to Stratasys
Ltd. |
($119,420) |
($26,954) |
|
Net income (loss) per ordinary share
attributable to Stratasys Ltd. |
|
|
|
Basic |
($2.39) |
(0.64 ) |
|
Diluted |
($2.39) |
($0.68) |
|
Weighted average ordinary shares outstanding
(in thousands) |
|
|
|
Basic |
50,019 |
42,079 |
|
Diluted |
50,019 |
42,099 |
|
Comprehensive Income |
|
|
|
Net income (loss) |
($119,470) |
($26,907) |
|
Other comprehensive income (loss), net of
tax: |
|
|
|
Unrealized loss on securities |
-- |
-- |
|
Losses on securities reclassified into
earnings |
167 |
-- |
|
Foreign currency translation adjustment |
-4,326 |
2,036 |
|
Unrealized gains (losses) on derivatives
designated as cash flow hedge |
-1,396 |
153 |
|
Other comprehensive income (loss), net of
tax |
-5,555 |
2,189 |
|
Comprehensive income (loss) |
-125,025 |
-24,718 |
|
Less: comprehensive income (loss)
attributable to non-controlling interests |
-50 |
90 |
|
Comprehensive income (loss) attributable to
Stratasys Ltd. |
$ (124,975 ) |
$ (24,808) |
Cash Flows
Unit: USD/000
|
Consolidated |
2014 |
2013 |
|
Cash flows from operating activities |
|
|
|
Net income (loss) |
($119,470) |
($26,907) |
|
Adjustments to reconcile net income (loss)
to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
109,429 |
92,436 |
|
Goodwill impairment |
102,470 |
-- |
|
Stock-based compensation |
30,207 |
24,262 |
|
Other impairment charges |
14,636 |
-- |
|
Currency translation loss (gain) |
10,327 |
-1,470 |
|
Deferred income taxes |
-53,887 |
-19,449 |
|
Change in fair value of obligations in
connection with acquisitions |
-26,150 |
754 |
|
Excess tax benefit from stock options and
warrant |
-- |
-2,817 |
|
Other non-cash items |
275 |
-53 |
|
Change in cash attributable to changes in
operating assets and liabilities, net of the impact of acquisitions: |
|
|
|
Accounts receivable, net |
-46,717 |
-32,763 |
|
Inventories |
-39,370 |
-27,102 |
|
Net investment in sales-type leases |
-5,078 |
-4,909 |
|
Other current assets and prepaid expenses |
-10,537 |
1,222 |
|
Other non-current assets |
1,558 |
-1,625 |
|
Accounts payable |
-4,305 |
-8,519 |
|
Other current liabilities |
31,047 |
14,000 |
|
Deferred revenues |
12,662 |
11,601 |
|
Other non-current liabilities |
6,719 |
13,368 |
|
Net cash provided by operating activities |
13,816 |
32,029 |
|
Cash flows from investing activities |
|
|
|
Change in short-term bank deposits, net |
189,793 |
-180,307 |
|
Cash paid for acquisitions, net of cash
acquired |
-151,057 |
-8,758 |
|
Purchase of property and equipment |
-60,497 |
-33,276 |
|
Purchase of investments |
-3,767 |
-- |
|
Acquisition of intangible assets |
-3,087 |
-4,663 |
|
Proceeds from maturities and sales of
marketable securities |
1,634 |
-- |
|
Other investing activities |
-458 |
253 |
|
Cash acquired through merger with Objet Ltd.
|
-- |
-- |
|
Net cash provided by (used in) investing
activities |
-27,439 |
-226,751 |
|
Cash flows from financing activities |
|
|
|
Proceeds from short-term debt |
50,000 |
-- |
|
Payment of obligations in connection with
acquisitions |
-10,795 |
-- |
|
Proceeds from follow-on offering, net of
issuance costs |
-- |
462,872 |
|
Proceeds from exercise of stock options and
warrant |
7,906 |
12,451 |
|
Excess tax benefit from stock options and
warrant |
-- |
2,817 |
|
Acquisition of non-controlling interest |
-2,170 |
-- |
|
Other financing activities |
-- |
-3,225 |
|
Net cash provided by financing activities |
44,941 |
474,915 |
|
Effect of exchange rate changes on cash and
cash equivalents |
-3,265 |
69 |
|
Net change in cash and cash equivalents |
28,053 |
280,262 |
|
Cash and cash equivalents, beginning of year
|
414,088 |
133,826 |
|
Cash and cash equivalents, end of year |
$442,141 |
$414,088 |
|
Supplemental disclosure of cash flow
information: |
|
|
|
Cash paid for income taxes |
$6,241 |
$3,300 |
|
Transfer of inventory to fixed assets |
10,933 |
6,279 |
|
Transfer of fixed assets to inventory |
3,819 |
316 |
|
Fair value of assets acquired, including
$6,502, $3,405 and $41,524 of cash acquired for the years ended December 31, 2014,
2013 and 2012, respectively |
$ 360,595 |
$ 573,604 |
|
Less liabilities assumed |
-22,416 |
-79,954 |
|
Net acquired assets |
338,179 |
493,650 |
|
Cash paid for merger and acquisitions |
$157,559 |
$12,163 |
|
Shares and other consideration |
180,620 |
481,487 |
|
Total consideration paid for merger and
acquisitions |
338,179 |
493,650 |
Note: 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. Yang rejected to
disclose the financial information, from other sources we could not obtain such
information, either. We found the consolidated financial information of
subject’s parent company (Stratasys Ltd.) from public files for reference.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview Details
|
Name |
Mr. Yang |
|
Department: |
Sales Department |
|
Email: |
Industry Information
75196 Other Printers, Copying And Facsimile
Machines (NO.)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Britain |
462 |
462 |
3,722 |
4,222 |
|
USA |
2,516 |
4,821 |
29,605 |
46,316 |
|
Singapore |
1,999 |
443 |
17,492 |
3,855 |
|
Japan |
2,009 |
4,637 |
25,829 |
37,883 |
|
The Mainland of China |
1,300 |
10,419 |
310,903 |
35,523 |
|
Australia |
-- |
-- |
137 |
137 |
|
Canada |
280 |
2,562 |
2,444 |
|
|
Exports |
||||
|
USA |
3 |
18 |
1,508 |
13,682 |
|
Taiwan |
576 |
576 |
6,118 |
7,037 |
|
Singapore |
403 |
4,188 |
3,699 |
33,501 |
|
Macau |
162 |
352 |
6,900 |
10,376 |
|
Japan |
-- |
-- |
124 |
827 |
|
The Mainland of China |
5,163 |
4,253 |
57,475 |
74,279 |
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 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
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 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Address: 7th Floor, C-Bons International Center, 108 Wai Yip Street,
Kwun Tong, Kowloon, Hong Kong
C-Bons International Center, 108 Wai Yip Street, Kwun Tong, Kowloon,
Hong Kong
C-Bons International Center, 108 Wai Yip Street, Kwun Tong, Kowloon,
Hong Kong
7th Floor, C-Bons International Center, 108 Wai Yip Street, Kwun Tong,
Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
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.