|
Report No. : |
348567 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVERY DENNISON HONG KONG B.V. |
|
|
|
|
Registered Office : |
1/F., No. 7 Chun Ying Street, Tseung Kwan O
Industrial Estate, Tseung Kwan O, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
25.10.1993 |
|
|
|
|
Com. Reg. No.: |
17526285 |
|
|
|
|
Legal Form : |
Limited Company. |
|
|
|
|
Line of Business : |
Label and packaging material printer all kinds of handheld
printers |
|
|
|
|
No. of Employees : |
80.
(Including associates) |
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 – 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 |
AVERY DENNISON
HONG KONG B.V.
ADDRESS: 1/F., No. 7 Chun Ying Street, Tseung Kwan
O Industrial Estate, Tseung Kwan O, New Territories, Hong Kong.
PHONE: 852-2372 3000
FAX: 852-2873 6436
MANAGEMENT:
Managing Director: Mr. Huibert Nicolass Van
Gijn
Incorporated on: 25th October, 1993.
(Non-Hong Kong Company)
Organization:
Limited Company.
Capital: Authorised: EUR 113,500.00
Issued & Paid Up: EUR 25,200.00
Business Category: Label and packaging material printer.
Group Net Sales: US$6,330.3
million (Year ended 03-01-2015)
Employees:
80. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Office:-
Willem Einthovenstraat 11, 2342BH Oegstgeest,
The Netherlands.
Principal Place of Business in Hong Kong:-
1/F., No. 7 Chun Ying Street, Tseung Kwan O
Industrial Estate, Tseung Kwan O, New Territories, Hong Kong.
Ultimate Holding Company:-
Avery Dennison Corporation
150 North Orange Grove Boulevard, Pasadena,
CA 91103-3596, USA. [Tel:
626-304-2000; Fax: 626-577-5264,
626-792-7312]
Associated/Affiliated Companies:-
Avery Dennison Group of Companies
ADC Philippines Inc., Philippines.
Adespan S.R.L., Italy.
Adhipress (Hong Kong) Ltd., Hong Kong.
Adhipress Bangladesh Ltd., Bangladesh.
Avery Corporation, USA.
Avery de Mexico SRL de CV, Mexico.
Avery Dennison (Asia) Holdings Ltd.,
Mauritius.
Avery Dennison (China) Co. Ltd., China.
Avery Dennison (Fuzhou) Converted Products
Ltd., China.
Avery Dennison (Guangzhou) Co. Ltd., China.
Avery Dennison (Guangzhou) Converted Products
Ltd., China.
Avery Dennison (Hong Kong) Ltd. Taiwan
Branch, Taiwan.
Avery Dennison (Hong Kong) Ltd., Hong Kong.
Avery Dennison (India) Private Ltd., India.
Avery Dennison (Ireland) Ltd., Ireland.
Avery Dennison (Kenya) Private Ltd., Kenya.
Avery Dennison (Kunshan) Co. Ltd., China.
Avery Dennison (Malaysia) Sdn. Bhd.,
Malaysia.
Avery Dennison (Qingdao) Converted Products
Ltd., China.
Avery Dennison (Shenzhen) Convert Products
Ltd., China.
Avery Dennison (Suzhou) Co. Ltd., China.
Avery Dennison (Thailand) Ltd., Thailand.
Avery Dennison (Vietnam) Ltd., Vietnam.
Avery Dennison Australia Group Holdings Pty.
Ltd., Australia.
Avery Dennison Australia International
Holdings Pty. Ltd., Australia.
Avery Dennison Australia Pty. Ltd.,
Australia.
Avery Dennison Belgie BVBA, Belgium.
Avery Dennison Benelux BVBA, Belgium.
Avery Dennison Bulgaria EOOD, Bulgaria.
Avery Dennison BV, Netherlands.
Avery Dennison C.A., Venezuela.
Avery Dennison Canada Corporation, Canada.
Avery Dennison Central Europe GmbH, Germany.
Avery Dennison Chile S.A., Chile.
Avery Dennison Colombia S.A., Colombia.
Avery Dennison Commercial El Salvador Ltda.
De C.V., El Salvador.
Avery Dennison Converted Products de Mexico
S.A. de C.V., Mexico.
Avery Dennison Converted Products El Salvador
S.A. de C.V., El Salvador.
Avery Dennison Coordination Center BVBA,
Belgium.
Avery Dennison de Argentina S.A., Argentina.
Avery Dennison Deutschland GmbH, Germany.
Avery Dennison do Brasil Ltda., Brazil.
Avery Dennison Dominican Republic S.A.,
Dominican Republic.
Avery Dennison Egypt LLC, Egypt.
Avery Dennison Etiket Ticaret Ltd. Sirketi,
Turkey.
Avery Dennison Europe GmbH, Switzerland.
Avery Dennison Europe Holding (Deutschland)
GmbH & Co. KG, Germany.
Avery Dennison Finance Belgium BVBA, Belgium.
Avery Dennison Finance Germany GmbH, Germany.
Avery Dennison Finance Luxembourg II SARL,
Luxembourg.
Avery Dennison Finance Luxembourg III SARL,
Luxembourg.
Avery Dennison Finance Luxembourg S.A.R.L.,
Luxembourg.
Avery Dennison Foundation, USA.
Avery Dennison G Holdings I LLC, USA.
Avery Dennison G Holdings III LLC, USA.
Avery Dennison G Investments 111 Ltd.,
Gibraltar.
Avery Dennison G Investments V Ltd.,
Gibraltar.
Avery Dennison Group Danmark ApS, Denmark.
Avery Dennison Group Singapore (Pte) Ltd.,
Singapore.
Avery Dennison Gulf FZCO, UAE.
Avery Dennison Holding GmbH, Germany.
Avery Dennison Holding Luxembourg S.A.R.L.,
Luxembourg.
Avery Dennison Holdings LLC, USA.
Avery Dennison Holdings New Zealand Ltd., New
Zealand.
Avery Dennison Hong Kong B.V.,
Netherlands/Hong Kong.
Avery Dennison Hong Kong Holding I B.V.,
Netherlands.
Avery Dennison Hong Kong Holding II B.V.,
Netherlands.
Avery Dennison Iberica S.A., Spain.
Avery Dennison Innovations LLC, USA.
Avery Dennison Intelligent Healthcare
Solutions LLC, USA.
Avery Dennison Investment Luxembourg II SARL,
Luxembourg.
Avery Dennison Investments Luxembourg III
SARL, Luxembourg.
Avery Dennison Investments Luxembourg IV
SARL, Luxembourg.
Avery Dennison Investments Luxembourg
S.A.R.L., Luxembourg.
Avery Dennison Investments Luxembourg V SCA,
Luxembourg.
Avery Dennison Italia S.R.L., Italy.
Avery Dennison Japan K.K., Japan.
Avery Dennison Japan Materials Co. Ltd.,
Japan.
Avery Dennison Kagit Urunleri Sanayi Ticaret
Ltd. Sirketi, Turkey.
Avery Dennison Korea Ltd., South Korea.
Avery Dennison Labels Ltd., Hong Kong.
Avery Dennison Lanka (Private) Ltd., Sri
Lanka.
Avery Dennison Luxembourg S.A.R.L.,
Luxembourg.
Avery Dennison Luxembourg Sales SARL,
Luxembourg.
Avery Dennison Management GmbH, Germany.
Avery Dennison Management KGAA, Luxembourg.
Avery Dennison Management Luxembourg
S.A.R.L., Luxembourg.
Avery Dennison Materials Europe B.V.,
Netherlands.
Avery Dennison Materials Europe GmbH,
Switzerland.
Avery Dennison Materials France SARL, France.
Avery Dennison Materials GmbH, Germany.
Avery Dennison Materials Ireland Ltd.,
Ireland.
Avery Dennison Materials Nederland BV,
Netherlands.
Avery Dennison Materials New Zealand Ltd.,
New Zealand.
Avery Dennison Materials Pty. Ltd.,
Australia.
Avery Dennison Materials Rom SRL, Romania.
Avery Dennison Materials Russia LLC, Russia.
Avery Dennison Materials Sales France S.A.S.,
France.
Avery Dennison Materials Sales Germany GmbH,
Germany.
Avery Dennison Materials Sdn. Bhd., Malaysia.
Avery Dennison Materials U.K. Ltd., UK.
Avery Dennison Materials Ukraine, Ukraine.
Avery Dennison Mauritius Ltd., Mauritius.
Avery Dennison Morocco SARL, Morocco.
Avery Dennison Netherlands Investment 0 BV,
Netherlands.
Avery Dennison Netherlands Investment I BV,
Netherlands.
Avery Dennison Netherlands Investment II B.
V., Netherlands.
Avery Dennison Netherlands Investment III BV,
Netherlands.
Avery Dennison Netherlands Investment IX BV,
Netherlands.
Avery Dennison Netherlands Investment North
America BV, Netherlands.
Avery Dennison Netherlands Investment VI BV,
Netherlands.
Avery Dennison Netherlands Investment VII
B.V., Netherlands.
Avery Dennison Netherlands Investment VIII
Cooperatief U.A., Netherlands.
Avery Dennison Netherlands Investment X B V,
Netherlands.
Avery Dennison Netherlands Investment XI
Cooperatief U.A., Netherlands.
Avery Dennison Netherlands Investment XII BV,
Netherlands.
Avery Dennison Netherlands Investment XIII
BV, Netherlands.
Avery Dennison Netherlands Investment XIV BV,
Netherlands.
Avery Dennison Netherlands Investment XV BV,
Netherlands.
Avery Dennison Nordic ApS, Denmark.
Avery Dennison NTP A.S., Norway.
Avery Dennison Office Accessories U.K. Ltd.,
UK.
Avery Dennison Office Products (Pty) Ltd.,
South Africa.
Avery Dennison Office Products Company, USA.
Avery Dennison Office Products Holdings
Company, USA.
Avery Dennison Office Products Manufacturing
U.K. Ltd., UK.
Avery Dennison Overseas Corporation, Japan
Branch.
Avery Dennison Overseas Corporation, USA.
Avery Dennison Pension Trustee Ltd., UK.
Avery Dennison Peru S.R.L., Peru.
Avery Dennison Polska Sp.zo.o, Poland.
Avery Dennison Praha Spol. SRO, Czech Republic.
Avery Dennison R.I.S. France S.A.S., France.
Avery Dennison R.I.S. Iberia S.L., Spain.
Avery Dennison R.I.S. Italia S.R.L., Italy.
Avery Dennison R.I.S. Polska Sp.zo.o, Poland.
Avery Dennison RBIS Pty. Ltd., Australia.
Avery Dennison RBIS Singapore Pte. Ltd.,
Singapore.
Avery Dennison Retail Information Services
(Pty) Ltd., South Africa.
Avery Dennison Retail Information Services
Colombia S.A., Colombia.
Avery Dennison Retail Information Services De
Mexico S.A. de C.V., Mexico.
Avery Dennison Retail Information Services
Dominican Republic S.A., Dominican Republic.
Avery Dennison Retail Information Services El
Salvador S.A. de C.V., El Salvador.
Avery Dennison Retail Information Services
Guatemala S.A., Guatemala.
Avery Dennison Retail Information Services
Honduras S.R.L., Honduras.
Avery Dennison Retail Information Services
LLC, USA.
Avery Dennison Retail Information Services
Peru SAC, Peru.
Avery Dennison Retail Information Services UK
Ltd., UK.
Avery Dennison Rfid Company, USA.
Avery Dennison RIS Korea Ltd., Korea.
Avery Dennison RIS Taiwan Ltd., Taiwan.
Avery Dennison RIS Vietnam Co. Ltd., Vietnam.
Avery Dennison S.A. de C.V., Mexico.
Avery Dennison S.R.L., Romania.
Avery Dennison Scandinavia AB, Sweden.
Avery Dennison Scandinavia ApS, Denmark.
Avery Dennison Schweiz AG, Switzerland.
Avery Dennison Security Printing Europe ApS,
Denmark.
Avery Dennison Shared Services Inc., USA.
Avery Dennison Singapore (Pte) Ltd.,
Singapore.
Avery Dennison Singapore Investments B.V.,
Netherlands.
Avery Dennison South Africa (Proprietary)
Ltd., South Africa.
Avery Dennison Systemes D’Etiquetage France
S.A.S., France.
Avery Dennison Tekstil Urunleri Sanayi Ve
Ticaret Ltd. Sirketi, Turkey.
Avery Dennison Treasury Management BV,
Netherlands.
Avery Dennison U.K. II Ltd., UK.
Avery Dennison U.K. Ltd., UK.
Avery Dennison Vermogensverwaltungs GmbH
& Co. KG, Germany.
Avery Dennison Zweckform Office Products
Europe GmbH, Germany.
Avery Dennison Zweckform Office Products
Manufacturing GmbH, Germany.
Avery Graphic Systems Inc., USA.
Avery Holding Ltd., UK.
Avery Holding S.A.S., France.
Avery LLC, USA.
Avery Office Products Puerto Rico LLC, Puerto
Rico.
Avery Pacific LLC, USA.
Avery Properties Pty. Ltd., Australia.
Best Courage International Ltd., British
Virgin Islands.
Bonfire Management Ltd., British Virgin
Islands.
Createro GmbH, Germany.
Dennison International Company, USA.
Dennison Manufacturing Company, USA.
Euston Financial Ltd., British Virgin
Islands.
Industrial de Marcas Ltda., Colombia.
Infodragon Management Ltd., British Virgin
Islands.
JAC Asia Pacific Sdn. Bhd., Malaysia.
JAC Caribe C.S.Z., Dominican Republic.
JAC do Brasil Ltda., Brazil.
JAC New Zealand Ltd., New Zealand.
Jackstadt France S.N.C., France.
Jackstadt South Africa (Pty) Ltd., South
Africa.
Jintex Ltd., Channel Islands.
Kunshan Dah Mei Weaving Co. Ltd., China.
L&E Americas Servicios S. A. de C.V.,
Mexico.
Markstar International Ltd., Hong Kong.
Modern Mark International Ltd., Hong Kong.
Monarch Marking (S.E.A.) Pte. Ltd., Singapore.
Monarch Marking Systems Holdings Ltd., UK.
Naperville Global Ltd., British Virgin
Islands.
New Wales Finance Ltd., British Virgin
Islands.
Newclassic Investment Ltd., British Virgin
Islands.
Ningbo Avery Dennison Rbis Shenzhou, China.
P.T. Pacific Label Indonesia, Indonesia.
P.T. Paxar Indonesia, Indonesia.
Paxar (China) Ltd., Hong Kong.
Paxar (Thailand) Ltd., Thailand.
Paxar B.V., Netherlands.
Paxar Bangladesh Ltd., Bangladesh.
Paxar Canada Corporation, Canada.
Paxar Corporation (Malaysia) Sdn. Bhd.,
Malaysia.
Paxar Corporation, U.S.
Paxar de Colombia FTZ Ltda., Colombia.
Paxar de El Salvador S.A. de C.V., El
salvador.
Paxar de Guatemala S.A., Guatemala.
Paxar de Mexico S.A. de C.V., Mexico.
Paxar de Nicaragua. S.A., Nicaragua.
Paxar do Brasil Ltda., Brazil.
Paxar Far East Ltd., Hong Kong.
Paxar Korea Ltd., South Korea.
Paxar Packaging (Guangzhou) Ltd., China.
Paxar Pakistan (Pvt) Ltd., Pakistan.
PT Avery Dennison Indonesia, Indonesia.
PT Avery Dennison Packaging Indonesia,
Indonesia.
RVL Americas S de R.L. de C.V., Mexico.
RVL Central America S.A., Guatemala.
RVL Packaging Far East Ltd., Hong Kong.
RVL Service S. de R.L. de C.V., Mexico.
Security Printing Division Inc., USA.
Singapore Laces & Labels (Pte) Ltd., Singapore.
Skillfield Investments Ltd., British Virgin
Islands.
Suzhou Feng Yi Heng Ye Dye Co. Ltd., China.
Suzhou Ji Zhong Garments Accessory Co. Ltd.,
China.
Tiger Eight Group Ltd., British Virgin
Islands.
Worldwide Risk Insurance Inc., USA.
17526285
F0006198
Managing Director: Mr. Huibert Nicolass Van Gijn
Contact Person: Mr.
Raymond Ma
Name: Baker & McKenzie
Address:
Room 1401, 14/F.,
Hutchison House, 10 Harcourt Road, Hong Kong.
Authorised Share Capital: EUR 113,500.00
Issued & Paid Up Capital: EUR 25,200.00
(As per registry dated 25-10-2014)
|
Name (Nationality) |
Address |
|
Huibert Nicolass VAN GIJN |
Dahlialaan 16, 2111 ZN Aerdenhout, The
Netherlands. |
|
Maria Virginia SELVINO |
Lange Smeestraat 26A, 3511 PX. Utrecht, The
Netherlnads. |
The subject was incorporated in the Netherlands as a
limited company. It has established a
principal place of business in Hong Kong and was registered on 25th
October, 1993 as a Non Hong Kong company.
Originally the subject was registered under
the name of Soabar Systems Hong Kong B.V., name changed to the present
style on 4th March, 1998.
Apart from these, neither material change nor
amendment has been ever traced and noted.
Activities: Label
and packaging material printer.
Lines: All
kinds of handheld printers
Employees: 80. (Including associates)
Commodities Imported: Imported Asian countries and Europe
Markets: Worldwide
countries
Group Net Sales: US$5,604.8 million
(Year ended 01-01-2010)
US$5,844.9 million (Year ended 31-12-2011)
US$5,863.5 million (Year ended 29-12-2012)
US$6,140.0 million (Year ended 31-12-2013)
US$6,330.3 million (Year ended 03-01-2015)
US$3,165.9 million (6 months ended
28-06-2014)
US$3,044.0 million (6 months ended
04-07-2015)
Terms/Sales:
Various terms.
Terms/Buying:
As per contracted.
Authorised Share Capital: EUR 113,500.00
Issued & Paid Up Capital: EUR 25,200.00
Group Net Income: US$316.9 million(Year ended 01-01-2010)
US$190.1 million (Year ended 31-12-2011)
US$215.4 million (Year ended 29-12-2012)
US$215.8 million (Year ended 31-12-2013)
US$248.9 million (Year ended 03-01-2015)
US$113.7 million (6 months ended
28-06-2014)
US$134.9 million (6 months ended
04-07-2015)
Profit or Loss: Group
business is profitable.
Condition:
Keeping in an active and
satisfactory manner.
Facilities:
Supported by holding
company.
Payment:
So far so good.
Commercial Morality: Satisfactory.
Banker:
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Good.
Avery Dennison Hong Kong B.V. is a Non-Hong
Kong company with its headquarters in The Netherlands.
The subject has two directors: Mr. Huibert
Nicolass Van Gijn and Ms. Maria Virginia Selvino. Currently both are in The Netherlands.
The subject shares the office with its main
Hong Kong associated company Avery Dennison (Hong Kong) Ltd. and the other
associates which are comprehensively known as Avery Dennison Hong Kong.
The subject is a packaging material and
product provider. It trades in IndES
Elastic Staple System, Plastic Staple, Swiftach solution. It sells Flexible stapling system and brand
identification fasteners to Toy brands, manufacturers and retailers.
The subject is trading in the following
commodities:
Handheld Printer
High Density Read Chamber
Multimedia Printer
RFID Printer and Encoder
Toy Packaging Tool
Toy Elastic Staple Machine.
The business of the subject is rather active.
In order to penetrate the international
market further, the subject has taken part in fairs and exhibitions held in
Hong Kong and other foreign large cities.
It is going to take part in “Hong Kong Toys
& Games Fair 2016” which will be held in Hong Kong Convention and
Exhibition Centre, Wanchai, Hong Kong during the period of 11th to 14th
January, 2016.
The contact person of the subject is Mr.
Raymond Ma.
Avery Dennison was incorporated in 1977 in
the state of Delaware as Avery International Corporation [Avery], the successor
corporation to a California corporation of the same name that had been
incorporated in 1946. In 1990, Avery
merged one of its subsidiaries into Dennison Manufacturing Company [Dennison],
as a result of which Dennison became a wholly-owned subsidiary of Avery and in
connection with which Avery’s name was changed to Avery Dennison.
Avery Dennison’s businesses include the
production of pressure-sensitive materials, office and consumer products and a
variety of tickets, tags, labels and other converted products.
In 2014, the net sales of the Avery Dennison
Group amounted to US$6,330.3 million (2013: US$6,140.0 million), grew by
3.1%. Net income for the year was
US$248.9 million (2013: US$215.8 million), grew by 15.3%.
For the 6 months end 4th July, 2015, the net
sales of the Group amounted to US$3,044.0 million (6 months ended 28-06-2014: US$3,165.9
million); net income was US$134.9 million (6 months
ended 28-06-2014: US$113.7 million). The Group predicts that it will make a profit
in FY 2015 and will be slightly more than that of 2014.
The subject is fully supported by the Avery
Dennison Group. History in Hong Kong is
over twenty-two years.
On the whole, in view of the parentage of the
subject, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TRU |
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.