MIRA
INFORM REPORT
|
Report No. : |
308585 |
|
Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HIGHSCENE LIMITED |
|
|
|
|
Registered Office : |
Block A, 6/F, Eastern Sea Industrial Building,
29-39 Kwai Cheong Road, Kwai Chung, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
01.02.1985 |
|
|
|
|
Com. Reg. No.: |
146739 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Raw Materials For Textiles |
|
|
|
|
No. of Employees : |
About 12, 800 [Group] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
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% 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 |
Contact
Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
HIGHSCENE LIMITED |
|
Supplied Name: |
HIGHSCENE LTD |
|
Trading Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
|
Supplied Address: |
Block A-6/F, astern Sea Industrial Building, 29-39 Kwal Cheong Road,
Kwal Chung |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
|
Telephone Number: |
+852-3478-6388 |
|
Fax Number: |
+852-3478-6378 |
|
E-mail: |
|
|
1985-2-1 |
|
|
Registered Number: |
146739 |
|
Business Registration No.: |
09561257 |
|
Registered Capital: |
HKD 30,000,000 (USD
3,870,000) (As of 2015.03, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 30,000,000 (USD 3,870,000) = 3,000,000
Shares@ HKD 10 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
65133-- Cotton yarn (other than sewing
thread), containing 85% or more by weight of cotton, not for retail sale (kg) |
|
Principal Activities: |
Trading of raw materials for textiles |
|
Staff: |
About 12,800 Employees (Group) |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-2-1 |
History
Subject was incorporated on 1985-2-1 with the
registered number 146739 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Parent Company
|
Name: |
Fountain Set (Holdings) Limited 福田實業(集團)有限公司 |
|
Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
|
Date of Registration: |
1985-4-23 |
|
Registered Number: |
150323 |
|
Telephone Number: |
+852 2485 1881 |
|
Fax Number: |
+852 2418 1139 |
|
E-mail: |
|
|
Staff |
About 12,800 Employees (Group) |
|
Listed at Stock Exchange: |
Yes; stock symbol: HKG:0420 |
Major Related Companies
|
Goldlink Thread Limited Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong Tel +852 2410 1010 Fax +852 2481 8226 Email gl_sales@fshl.com Hiway Textiles Limited 6/F, Eastern Sea Industrial Building, 29-39 Kwai Cheong Road, Kwai Chung, N.T., Hong Kong Tel +852 3478 6668 Fax +852 2480 1711 Email sales@hiwaytextiles.com
Triumph Luck Limited Unit 06B, 37/F., Cable TV Tower, 9 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong Tel +852 2422 0000 Fax +852 2422 1221 Email triumphluck@triumphluck.comb
Prosperlink (Macao Commercial Offshore)
Limited Avenida Da Praia Grande, No. 599 Edificio Comercial Rodrigues 5th
Floor, Macao Tel +853 8394 3000 Fax +853 2835 5007 Email pl_sales@mo.fshl.com Fountain Set Limited - Korean Liaison Office 18/F, Golden Tower, 144-17 Samsung-Dong, Kangnam-Gu, Seoul, Korea Tel +82 2 3287 5200 Fax +82 2 3287 5290 8. Shanghai Fuhui Textiles Trading Co., Ltd 1st floor, Tower A, President Enterprises
Building, (Song Hong Road) No.568 West Tian Shan Road.
Shanghai, China Tel +86 21 5217 4998 Fax +86 21 6239 2381 9. Shenzhen Faun Textiles Limited Lake Side Industrial Park, Shatian
Environmental Industrial Estate, Shatian Town, Dongguan City, Guangdong, China (Postal Code: 523999) Tel
+86 769 8886 6583 Fax +86 769 8886 6584 10. Fountain Set (Singapore) Pte. Limited 100 Tras Street # 18 - 01 100 AM, Singapore 079027 Tel +65 6512 0100 Fax +65 6512 0190 11. Fountain Set Textiles (Ontario) Limited 50-A Melham Court, Scarborough, Ontario, Canada M1B 2E5 Tel +1 416 298 6188 Fax +1 416 298 6088 E-mail fountainset@fso.ca 12. Fountain Set (Singapore) Pte. Limited -
Vietnam Representative Office Room 505, 5/F, Lu Gia Plaza, 70 Lu Gia Street, Ward 15, District 11, Ho Chi Minh City, Vietnam Tel +848 6264 4914 13. Dongguan Shatin Lake Side Textiles
Printing & Dyeing Co., Ltd. Lake Side Industrial Park, Shatian
Environmental Industrial Estate, Shatian Town, Dongguan City, Guangdong, China (Postal Code: 523999) Tel +86 769 8886 6583 Fax +86 769 8886 6584 14. Jiangyin Fuhui Textiles Limited Jiangyin Fuhui Textiles Complex, 9 Xiao Shan Road, Jiangyin, Jiangsu, China (Postal Code: 214434) Tel +86 510 8640 6888 Fax +86 510 8640 6889 Email fh_sales@fuhui.fshl.com
15. Yancheng Fuhui Textiles Limited No.38, Huang Shan South Road, Economic
Development Zone, Yancheng City, Jiangsu Province, China (Postal Code: 224045) Tel + 86 515 6866 3888 Fax + 86 515 6866 3666 Email sales@ycfuhui.fshl.com 16. Dongguan Fuquan Garment Co., Ltd. Lake Side Industrial Park, Shatian
Environmental Industrial Estate, Shatian Town, Dongguan City, Guangdong, China (Postal Code: 523999) Tel +86 769 8866 6698 Fax +86 769 8866 6606 17. Dongguan Fu Yi Apparel Co., Ltd. Lake Side Industrial Park, Shatian
Environmental Industrial Estate, Shatian Town, Dongguan City, Guangdong, China (Postal Code: 523999) Tel +86 769 8866 6620 Fax +86 769 8866 6619 18. Ningbo Young Top Garments Co., Ltd. No 66-68, Dan Xia Road, Xiangshan Industrial Development, Xiangshan, Ningbo, Zhejiang, China (Postal Code: 315700) Tel +86 574 6578 1178 Fax +86 574 6578 1138 19. Suqian Young Top Garments Co., Ltd. Building No.5 - No.6, Zone A, Standard Facility in Technical Economic
Development Area, Suqian City, JiangSu Province, China (Postal
Code: 223800) Tel +86 527 8456 7766 Fax +86 527 8456 7928 20. Dongguan Goldlink Thread Factory Co.,
Ltd. Lake Side Industrial Park, Shatian Environmental Industrial Estate, Shatian Town, Dongguan City, Guangdong, China (Postal Code: 523999) Tel +86 769 8531 2101 Fax +86 769 8531 2203 Email gl_sales@fuan.fshl.com 21. Ocean Lanka (Private) Limited Biyagama Export Processing Zone, Block B, Walgama, Malwana, Sri Lanka Tel +94 11 482 7100 Fax +94 11 482 7131 Fax +94 11 482 7132 22. P.T. Sandang Mutiara Cemerlang JL Warung Bongkok, Desa Sukadanau Cibitung-Bekasi, Jakarta, Indonesia Tel +62 21 8910 7383 Fax +62 21 8910 0629 23. Fountain Set Limited Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong Tel +852 2425 1010 Fax +852 2418 4718 Email sales@fshl.com |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Fountain Set (Holdings) Limited |
2,999,999 |
99.999967% |
|
Fountain Set Limited |
1 |
0.000033% |
|
Total |
3,000,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Fountain Set (Holdings) Limited |
|
Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
|
2 |
|
|
Name: |
Fountain Set Limited |
|
Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Ha Chung Fong |
|
Address: |
7 Stafford Road, Kowloon Tong, Kowloon, Hong
Kong |
|
Position: |
Director |
|
ID Number: |
B460542(5) |
|
2 |
|
|
Name: |
Ha Kam On, Victor |
|
Address: |
House 13, Manderly Garden, 48 Deep Water Bay
Road, Repulse Bay, Hong Kong |
|
Position: |
Director |
|
ID Number: |
G146389(5) |
|
3 |
|
|
Name: |
Yen Gordon |
|
Address: |
Flat 12B, La Clare Mansion, No. 92 Pokfulam
Road, Hong Kong |
|
Position: |
Director |
|
ID Number: |
D826978(6) |
|
4 |
|
|
Name: |
Chan Siu Man |
|
Address: |
Flat G, 8/F, Tower 4, Wing Fok Centre,
Fanling, New Territories, Hong Kong |
|
Position: |
Secretary |
|
ID Number: |
G644989(0) |
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Block A, 6/F, Eastern Sea Industrial
Building, 29-39 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit A On 6/F Eastern Sea Industrial Building 29/39 Kwai Cheong Rd. & 48/56 Tai Lin Pai Rd. Kwai Chung N.T. |
|
Owners: |
Fountain Set Limited |
|
Memorial Number: |
TW266939 |
|
Date of Instrument: |
1982-12-13 |
|
Date of Registration: |
1983-1-8 |
|
Consideration Value: |
HKD 7,500,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
TW614039 |
|
Date of Instrument: |
1976-3-5 |
|
Date of Registration: |
1989-11-13 |
|
Nature: |
Copy Letter Of Compliance |
|
2 |
|
|
Memorial No.: |
TW147931 |
|
Date of Instrument: |
1977-10-10 |
|
Date of Registration: |
1977-10-12 |
|
Nature: |
Supplemental Deed Of Covenant |
|
3 |
|
|
Memorial No.: |
TW147930 |
|
Date of Instrument: |
1977-10-10 |
|
Date of Registration: |
1977-10-12 |
|
Nature: |
Deed Of Undertaking |
|
In Favor of: |
First National Estate Investment Limited Eastern Sea Development Company Limited |
Production Information
The subject is a trader of raw materials and
etc for textiles without any production activities.
Purchase Information
It is introduced that subject purchases its
products both at home and abroad.
Sales Information
The subject is mainly engaged in sales of raw
materials and etc for textiles
Subject’s major products are yarns.
Subject’s selling territory includes Asia,
Europe, America.
Subject’s major customers are members of its group,
manufacturers of fabric.
Trademark
|
Trade Mark No.: |
19870070 |
|
Status: |
Registered |
|
Mark: |
GOLDEN DIAMOND 金菱
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
HIGHSCENE LTD. |
|
Class No.: |
23 |
|
Specification: |
|
|
Disclaimer / |
The transliteration and translation of the
Chinese characters appearing in the mark are "Kam Ling" meaning
"golden water chestnut". |
|
Date of Registration: |
|
|
Actual Date of |
|
|
Expiry date: |
|
|
Historical Details: |
|
|
Date of entry |
Matters |
|
14-01-1987 |
REGISTRATION |
Settlements
Purchase
Domestic Purchase
|
Products |
Raw materials and etc for textiles |
|
Payment Terms |
Cash, T/T |
Import
|
Raw materials and etc for textiles |
|
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Raw materials and etc for textiles |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Raw materials and etc for textiles |
|
Selling Terms |
L/C, T/T |
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.
We found the consolidated financial
information of subject’s parent company (Fountain Set (Holdings) Limited) from
public files for reference.
Balance Sheet
Unit: HKD/000
|
Consolidated |
2014-6-30 |
2013-6-30 |
|
Non-current assets |
|
|
|
Investment properties |
37,696 |
33,800 |
|
Property, plant and equipment |
1,609,472 |
1,624,510 |
|
Prepaid lease payments – non-current portion |
106,066 |
107,784 |
|
Other intangible assets |
29,218 |
30,284 |
|
Investment in an associate |
16,204 |
-- |
|
Investment in life insurance policies |
37,621 |
37,346 |
|
Deferred tax assets |
29,472 |
34,043 |
|
|
1,865,749 |
1,867,767 |
|
Current assets |
|
|
|
Inventories |
1,449,070 |
1,636,772 |
|
Trade and bills receivables |
1,352,820 |
1,265,935 |
|
Prepayments, deposits and other receivables |
145,928 |
191,146 |
|
Prepaid lease payments – current portion |
2,610 |
2,610 |
|
Derivative financial instruments |
-- |
14,170 |
|
Tax recoverable |
1,854 |
4,282 |
|
Short-term bank deposits |
399,631 |
346,889 |
|
Bank balances and cash |
699,251 |
803,074 |
|
|
4,051,164 |
4,264,878 |
|
Current liabilities |
|
|
|
Trade and bills payables |
841,813 |
1,001,781 |
|
Other payables and accruals |
296,425 |
339,799 |
|
Amounts due to non-controlling shareholders |
80,100 |
80,100 |
|
Deferred income – current portion |
1,458 |
1,458 |
|
Derivative financial instruments |
17,653 |
-- |
|
Tax payable |
13,084 |
9,555 |
|
Bank and other borrowings – due within one year |
984,763 |
838,946 |
|
Bank overdrafts |
2,179 |
-- |
|
|
2,237,475 |
2,271,639 |
|
Net current assets |
1,813,689 |
1,993,239 |
|
Total assets less current liabilities |
3,679,438 |
3,861,006 |
|
Non-current liabilities |
|
|
|
Deferred income – non-current portion |
62,947 |
63,676 |
|
Bank and other borrowings – due after one year |
364,484 |
516,598 |
|
Deferred tax liabilities |
6,977 |
2,085 |
|
|
434,408 |
582,359 |
|
Net assets |
3,245,030 |
3,278,647 |
|
Net assets (USD) |
418,608,870 |
422,945,463 |
|
Capital and reserves |
|
|
|
Share capital |
862,211 |
240,609 |
|
Reserves |
2,244,617 |
2,876,611 |
|
Equity attributable to owners of the Company |
3,106,828 |
3,117,220 |
|
Non-controlling interests |
138,202 |
161,427 |
|
Total equity |
3,245,030 |
3,278,647 |
|
Total equity (USD) |
418,608,870 |
422,945,463 |
(As of 2015.03, 1 HKD = 0.129 USD)
Profit and Loss Account
Unit: HKD/000
|
Consolidated |
2014-1-1~2014-6-30 |
2013-1-1~2013-6-30 |
|
Revenue |
3,367,926 |
3,317,989 |
|
Revenue (USD) |
434,462,454 |
428,020,581 |
|
Cost of sales |
-3,039,950 |
-2,957,994 |
|
Gross profit |
327,976 |
359,995 |
|
Other income |
31,492 |
21,103 |
|
Other gains and losses |
-29,604 |
6,323 |
|
Distribution and selling expenses |
-84,440 |
-86,444 |
|
Administrative expenses |
-203,578 |
-258,930 |
|
Finance costs |
-18,960 |
-17,119 |
|
Net gain on disposal of subsidiaries |
19 4,694 |
w |
|
Profit before taxation |
27,580 |
24,928 |
|
Income tax |
-14,944 |
9,625 |
|
Profit for the period |
12,636 |
34,553 |
|
Profit/(loss) for the period attributable to: |
|
|
|
Owners of the Company |
14,383 |
31,160 |
|
Non-controlling interests |
-1,747 |
3,393 |
|
|
12,636 |
34,553 |
|
|
HK cents |
HK cents |
|
Earnings per share |
|
|
|
Basic and diluted |
1 |
3 |
|
Profit for the period |
12,636 |
34,553 |
|
Profit for the period (USD) |
1,630,044 |
4,457,337 |
|
Items that will be reclassified to profit or loss in subsequent
periods: |
|
|
|
Exchange differences arising on translation of foreign operations |
-989 |
18,226 |
|
Reclassification adjustment of translation reserve upon disposal of a
subsidiary |
-1,435 |
w |
|
Other comprehensive (expenses)/income for the period |
-2,424 |
18,226 |
|
Total comprehensive income for the period |
10,212 |
52,779 |
|
Total comprehensive income/(expenses) for the period attributable to: |
|
|
|
Owners of the Company |
12,714 |
47,512 |
|
Non-controlling interests |
-2,502 |
5,267 |
|
|
10,212 |
52,779 |
(As of 2015.03, 1 HKD = 0.129 USD)
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
|
2003-02-12 |
|
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
86999 |
|
Claimant: |
Highscene Ltd |
|
Defendant: |
Wong Kwing Tung t/a A Tech Co |
|
Reason: |
Rent |
Mortgage Record
No mortgage records of subject were found.
Special
Note
Interview Details
|
Name |
The operator |
Industry
Information
65133-- Cotton yarn (other than
sewing thread), containing 85% or more by weight of cotton, not for retail sale
(kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
99 |
31 |
99 |
31 |
|
|
Belgium |
8 |
2 |
21 |
4 |
|
Bulgaria |
61 |
21 |
94 |
26 |
|
The Mainland of China |
12,374,779 |
399,414 |
68,323,843 |
2,245,376 |
|
Germany |
394 |
90 |
854 |
200 |
|
Indonesia |
504,432 |
16,744 |
1,957,582 |
62,518 |
|
India |
2,617,530 |
69,485 |
17,928,596 |
464,346 |
|
Pakistan |
3,530,537 |
82,429 |
19,116,208 |
447,021 |
|
Exports |
||||
|
The Mainland of China |
18,313,402 |
582,535 |
106,443,729 |
3,351,046 |
|
France |
24 |
4 |
117 |
13 |
|
Indonesia |
166,738 |
6,333 |
833,125 |
34,165 |
|
India |
16 |
2 |
5,146 |
395 |
|
Japan |
544 |
65 |
1,009 |
92 |
|
South Korea |
64,441 |
2,773 |
240,739 |
9,682 |
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 |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
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 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
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 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
We contacted with the subject through the telephone +852-3478-6388, the relevant staff confirmed subject’s exact
name and address as above.
Due to the long holiday for Chinese New Year,
we suffered some difficulties in taking pictures in Hong Kong. We will update
the report with pictures very soon after the Lantern Festival.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.