MIRA INFORM REPORT
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Report No. : |
331543 |
|
Report Date : |
16.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEXTRA SPLICE LIMITED |
|
|
|
|
Registered Office : |
Suites 1-3, 16th Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong |
|
|
|
|
Country : |
Hongkong |
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|
|
|
Date of Incorporation : |
19.05.2010 |
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|
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Com. Reg. No.: |
52296588 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Trading of Construction Products. |
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|
|
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No. of Employees : |
Not Available |
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 |
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|
|
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Payment Behaviour : |
Unknown |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HONGKONG - 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
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Company Name: |
Dextra Splice Limited |
|
Supplied Name: |
Dextra Splice Ltd |
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Trading Address: |
1901, Tung Wai Commercial Building, 109 Gloucester Road Wanchai, Hong
Kong. |
|
Supplied Address: |
1901 Tung Wai Commercial Building 109 Gloucester Road Wanchai |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Suites 1-3, 16th
Floor, Kinwick Centre, 32 Hollywood Road, Central, Hong Kong |
|
Telephone Number: |
+852-2820-5224 |
|
Date of Registration: |
2010-05-19 |
|
Registered Number: |
1457879 |
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Business Registration No.: |
52296588 |
|
Paid-up Capital: |
HKD 1,000 (USD 129) = 1,000 Shares@ HKD 1 (As of 2015.7, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
66232--Refractory bricks, blocks, tiles and similar
refractory ceramic constructional goods (o/t goods of siliceous fossil meals) |
|
Principal Activities: |
Trading of construction products, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-05-19 |
Notes: Subject declined
to disclose the number of staff, and we cannot obtain the information from
other source, either.
History
Subject was incorporated on 2010-05-19 with
the registered number 1457879 as Private Limited Liability Company in Hong
Kong.
Corporate
Structure
Related Companies
|
1 |
|
|
Name: |
Dextra Pacific Limited |
|
Address: |
1901-2 Tung Wai Commercial Building, 109 Gloucester Road, Wanchai,
Hong Kong. |
|
Tel: |
+852-2511-8236 |
|
2 |
|
|
Name: |
Dextra China Limited |
|
Address: |
1901-2 Tung Wai Commercial Building, 109 Gloucester Road, Wanchai,
Hong Kong. |
|
Tel: |
+852-2820-5224 |
Office
|
Address: |
5th Floor, Lumpini II Building 247, Sarasin
Road, Lumpini, Pathumwan 10330, Bangkok, Thailand |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Dextra Service Limited |
790 |
79% |
|
Herve Vincent Michel Lemoine |
140 |
14% |
|
Christophe Maurice Regad |
70 |
7% |
|
Total |
1,000 |
100% |
Major Shareholders’ Information:
|
1 |
|
|
Name: |
Dextra Service Limited |
|
Address: |
Suites 1-3, 16th Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong |
|
2 |
|
|
Name: |
Herve Vincent Michel Lemoine |
|
Address: |
c/o Dextra Manufacturing Co., Ltd 5th Floor, Lumpini II Building 247, Sarasin Road,
Lumpini, Pathumwan 10330, Bangkok, Thailand |
|
3 |
|
|
Name: |
Christophe Maurice Regad |
|
Address: |
c/o Dextra Asia Co., Ltd 5th Floor, Lumpini II Building 247, Sarasin
Road, Lumpini, Pathumwan 10330, Bangkok, Thailand |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Cully Nicholas David |
|
Address: |
Emaar Properties Pjsc 702, 345-Sh.Zayed
Road, Dubai, United Arad Emirates |
|
Position: |
Director |
|
Passport Number: |
099267359 |
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Issuing Country: |
United Kingdom |
|
2 |
|
|
Registered Name: |
Grampian Managers Limited |
|
Address: |
Suites 1-3, 16th Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong |
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Registered Number: |
788678 |
|
3 |
|
|
Registered Name: |
Sovereign Secretaries (HK) Limited |
|
Address: |
Suites 1-3, 16th Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong |
|
Registered Number: |
280990 |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
1901, Tung Wai Commercial Building, 109 Gloucester Road Wanchai, Hong
Kong. |
Premises Information
Office address:
|
Address: |
No. 1-4 & Lavatories on 19/F Tung Wai
Commercial Building, No.109-111 Gloucester Road, Hong Kong |
|
Owners: |
Tung Wah Group Of Hospitals |
|
Memorial Number: |
UB2522302 |
|
Date of Instrument: |
1984-01-10 |
|
Date of Registration: |
1984-01-18 |
|
Consideration Value: |
-- |
History of Premises Owners’
|
Memorial No.: |
UB2522302 |
|
Date of Instrument: |
1984-01-10 |
|
Date of Registration: |
1984-01-18 |
|
Nature: |
Deed of Covenant With Plans (For
parties, see memorial) |
|
In Favor of: |
Tung Wah Group Of Hospitals |
|
Consideration: |
-- |
Production
Information
Subject is a trader of construction products, etc. without any
production activities.
It is introduced that subject’s related company has a factory in
Thailand for production.
It is introduced that subject’s products have obtained the certification
of ISO 9001.
Purchase
Information
The products of subject are mainly purchased from Thailand.
Sales Information
Subject is engaged in sales of construction products, etc.
The major products are pipes, fittings, coupling, repair solutions and architectural
products, etc.
It is introduced that subject’s related company also provides the
logistics services.
Subject’s sales regions include domestic market, South East Asia,
America and Europe, etc.
It is introduced that subject’s sales office is mainly located in
Thailand.
Subject’s major customers are construction companies, etc.
Settlements
PURCHASE
Domestic Purchase
Subject has little domestic purchase.
Import (Thailand)
|
Products |
Construction products, etc. |
|
Payment Terms |
L/C, T/T, etc. |
SALES
Domestic Markets
|
Product |
Construction products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Construction products, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 rejected to disclose the financial information, and
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
Mortgage Record
No mortgage record of the 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 |
Ms. Liu |
|
Department: |
Sales Department |
Industry
Information
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Thailand |
117,947 |
1,363 |
309,898 |
2,820 |
|
Holland |
3,796 |
42 |
105,025 |
1,199 |
|
Korea |
3,241 |
130 |
24,086 |
963 |
|
Japan |
2,474 |
218 |
95,462 |
6,116 |
|
USA |
3 |
2 |
581 |
193 |
|
The Mainland of China |
537,399 |
1,513 |
2,002,249 |
7,015 |
|
Exports |
||||
|
Taiwan |
|
|
752 |
59 |
|
The Mainland of China |
19,019 |
792 |
148,773 |
10,238 |
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: 1901, 19/F, Tung Wai Commercial Building, 109 Gloucester Road,
Wan Chai, Hong Kong
Tung Wai Commercial Building, 109 Gloucester Road, Wan Chai, Hong Kong
19/F, Tung Wai Commercial Building, 109 Gloucester Road, Wan Chai, Hong
Kong
1901, 19/F, Tung Wai Commercial Building, 109 Gloucester Road, Wan Chai,
Hong Kong
--------- End of the
Report ----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
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.