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Report No. : |
326132 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
GUERBET ASIA PACIFIC LTD. |
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Registered Office : |
Unit 1901, 19/F., Cheung Fung Industrial Building, 23-39 Pak Tin Par Street, Tsuen Wan, New Territories |
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Country : |
Hongkong |
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Date of Incorporation : |
26.01.2000 |
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Com. Reg. No.: |
31114216 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Pharmaceutical
Products. |
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No. of Employees : |
8 |
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) |
|
Hongkong |
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 |
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% 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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
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. As of year-end 2014, the Democracy
protests that began in late September probably will have some adverse effects
on economic growth, particularly retail sales.
|
Source
: CIA |
GUERBET
ASIA PACIFIC LTD.
ADDRESS: Unit 1901, 19/F., Cheung Fung
Industrial Building, 23-39 Pak Tin Par Street, Tsuen Wan, New Territories, Hong Kong.
PHONE: 852-2215
4011
FAX: 852-2764
8908
Managing Director:
Mr. Guillaume Danecki
Incorporated on: 26th January, 2000.
Organization: Private Limited Company.
Issued Share Capital: HK$1,000.00
Business Category: Importer,
Exporter and Wholesaler.
Group Consolidated Net Sales: EUR 389.7 million (2013)
Employees: 8.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 1901, 19/F., Cheung Fung Industrial Building, 23-39
Pak Tin Par Street, Tsuen Wan, New Territories, Hong Kong.
Holding Company:-
Guerbet S.A., France.
Associated/Affiliated Companies:-
Group of Guerbet Companies
31114216
0702413
Managing Director:
Mr. Guillaume Danecki
HK$1,000.00
(As per registry
dated 26-01-2015)
|
Name |
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No. of shares |
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Guerbet S.A. 15 Rue Des Vanesses, 93420 Villepinte, France. |
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1,000 ==== |
(As per registry
dated 26-01-2015)
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Name (Nationality) |
Address |
|
Antoine Miguel MAZRAANI |
40 Quater A rue Des Ursulines, 78100
Saint-Germain-En-Laye, France. |
|
Guillaume DANECKI |
Flat G, 33/F., Lime Stardom, 1 Larch Street, Kowloon,
Hong Kong. |
(As per registry
dated 26-01-2015)
|
Name |
Address |
Co. No. |
|
RSRB Secretaries Ltd. |
20/F. Alexandra House, 18 Chater Road, Central, Hong
Kong. |
1721104 |
The subject was incorporated on 26th January, 2000 as a
private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Rho
Beta 26 Ltd., name changed to the present style on 26th July, 2000.
Apart from these, neither material change nor amendment
has been ever traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of pharmaceutical products.
Employees: 8.
Commodities Imported: France,
other European countries, etc.
Markets: Asian countries, etc.
Group Consolidated Net Sales: EUR 403.5 million (2012)
EUR 389.7 million
(2013)
EUR 409.0 million
(2014)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Issued Share Capital: HK$1,000.00
Group Net Income: EUR
20.4 million (2012)
EUR 20.5 million
(2013)
EUR 26.1 million
(2014)
Profit or Loss: Group
business is profitable.
Condition: Keeping
in an active condition.
Facilities: Adequate
for current running.
Payment: So far so good.
Commercial Morality:
Good.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Satisfactory.
Having issued 1,000
ordinary shares of HK$1.00 each, Guerbet Asia Pacific Ltd. is wholly owned by
Guerbet S.A. [Guerbet] which is a France-based company.
The Managing Director
of the subject Mr. Guillaume Danecki has been in Hong Kong for a very long
time. He is a Hong Kong ID holder.
Guerbet is a listed
company in France. It is a
pharmaceutical product trader.
Guerbet is the only
pharmaceutical group fully dedicated to medical imaging. It has a comprehensive range of X-ray and MRI
contrast media available worldwide. These products assist medical professionals
(radiologies, cardiologists, oncologists, etc.) in better diagnosing and treating
their patients (cardiovascular, cancer, inflammatory and degenerative
diseases).
To develop new
products and assure its future growth every year, Guerbet devotes significant
resources to research and development with 170 R&D employees representing
an amount equivalent to 90% of sales.
Guerbet is solidly
positioned in Europe with a market share of 25% and is expanding its presence
in the United States, Latin America and Asia.
The subject is to
manage supplies for its Asian subsidiaries (South Korea and Taiwan) and its 19
partners through its logistic platform.
To achieve this, the subject are supervising secondary packaging for
late differentiation of its products.
The subject also
supports the commercial and marketing activities of its partners. It seeks to produce and develop a high-quality
network in order to promote and distribute its comprehensive range of medical
imaging products and solutions.
For the FY 2014, the sales of Guerbet was EUR 409.0
million (2013: EUR 389.7 million); net income of the Group was EUR 26.1 million
(2013: EUR 20.5 million).
For the year ended of 2014, the Group had 1,463
employees.
The subject is fully supported by Guerbet. History in Hong Kong is over 15 years
and four months.
On the whole, consider it good for normal credit
requirements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
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|
1 |
Rs.98.27 |
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Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.