|
Report No. : |
342619 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT (CHINA) LTD. |
|
|
|
|
Registered Office : |
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai Chung, New Territories |
|
|
|
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Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
27.03.1975 |
|
|
|
|
Com. Reg. No.: |
04393398 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
· Manufacturer – Direct dyes; paper chemicals; optical bleaching agent; basic dyes; textile chemicals; acid and mordant dyes; leather chemicals; masterbatch; disperse dyes; sulphur dyes; reactive dyes; pigment and mixture. · Importer – Tanning substances; solvent, fluorescent brightener; reactive dyes; optical bleaching agent; masterbatch; direct dyes; textile chemicals; acid and mordant dyes; pigment and mixture; other dyes, sulphur dyes; disperse dyes; prepared pigment; leather chemicals; paper chemicals; detergent agent. · Exporter – Masterbatch; direct dyes; plasticisers for plastics; reactive dyes; pigment and mixture; optical bleaching agent; solvent, fluorescent brightener; textile chemicals; other dyes, sulphur; detergent agent; paper chemicals; disperse dyes; tanning substances; acid and mordant dyes; prepared pigment; leather chemicals. |
|
|
|
|
No. of Employees : |
17,030 (Group Employees) (As at 30-06-2015) |
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 : |
Good |
|
|
|
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Payment Behaviour : |
Regular |
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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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
CLARIANT (CHINA) LTD.
ADDRESS: Level
9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai Chung,
New Territories,
Hong Kong.
PHONE: 852-2406
4111, 2406 4003; 2406 4127
FAX: 852-2407
4694
E-MAIL: greater.china@clariant.com
President (Asia Pacific Region): Mr. Peter Artur Lindner
Incorporated on: 27th March, 1975.
Organization: Private Limited Company.
Issued Share Capital: HK$93,250,000.00
Business Category: Chemical
Manufacturer and Trader.
Group Sales: CHF 6,116 million (Year ended 31-12-2014)
Group Employees: 17,030. (As at 30-06-2015)
Main Dealing Bankers: Swiss
Bank Corporation, Hong Kong Branch.
Union
Bank of Switzerland, Hong Kong Branch.
Citibank N.A., Hong Kong
Branch.
The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Head
Office & Warehouse:-
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai
Chung, New Territories, Hong Kong.
Production Plant:-
PPP Production Plant
[BR No.: 04393398-002]
15-17 Wang Lok Street, Yuen Long Industrial Estate, Yuen
Long, New Territories, Hong Kong.
[Tel: 2473 8100;
Fax: 2474 7706]
China Offices:-
Shanghai Headquarter
No.
2, Lane 168, Linhong Road, Changning District, Shanghai 200335, China. [Tel: (86-21) 2248 3000; Fax: (86-21) 2248 3840]
Beijing
Representative Office
Room
3C-1, Tower D, Fu Hau Mansion, No. 8 Chaoyangmen North Street, Dongcheng
District, Beijing 100027, China.
[Tel: (86-10) 6554 2118; Fax: (86-10)
6554 2126]
Shenzhen Representative Office
15C New Times Plaza, No. 1 Tai Zi Road, Shekou Nanshan District, Shenzhen
518067, China.
[Tel: (86-755) 2668 7555; Fax: (86-755)
2667 9431]
Holding Company:-
Clariant Ltd., Switzerland.
Affiliated
Companies:-
Infraserv GmbH & Co. Gendorf KG, Germany.
Infraserv GmbH & Co. Hochst KG, Germany.
Infraserv GmbH & Co. Knapsack KG, Germany.
Joint Venture:-
ASK Group, Germany.
Scientific Design Co. Inc., USA.
Süd-Chemie India Pvt. Ltd., India.
Subsidiaries/Afssociated
Companies:-
Clariant Group of Companies
Clariant (Argentina) SA, Argentina.
Clariant (Australia) Pty. Ltd., Australia.
Clariant (Canada) Inc., Canada.
Clariant (Colombia) SA, Colombia.
Clariant (Ecuador) SA, Ecuador.
Clariant (Egypt) SAE, Egypt.
Clariant (Guatemala) SA, Guatemala.
Clariant (Gulf) FZE, UAE.
Clariant (Italia) SpA, Italy.
Clariant (Japan) K.K., Japan.
Clariant (Korea) Ltd., Korea.
Clariant (Malaysia) Sdn. Bhd., Malaysia.
Clariant (Maroc) SA, Morocco.
Clariant (México) S.A. de C.V., Mexico.
Clariant (New Zealand) Ltd., New Zealand.
Clariant (Österreich) GmbH, Austria.
Clariant (Perú) SA, Peru.
Clariant (RUS) LLC, Russia.
Clariant (Singapore) Pte. Ltd., Singapore.
Clariant (Sverige) Holding AB, Gothnburg.
Clariant (Thailand) Ltd., Thailand.
Clariant (Türkiye) AS, Turkey.
Clariant (Uruguay) SA, Uruguay.
Clariant Administração de Bens Ltda., Brazil.
Clariant Advanced Materials GmbH, Germany.
Clariant Beteiligungen AG, Switzerland.
Clariant Bohai Pigments Preparations (Tianjin) Ltd.,
China.
Clariant Catalysts (Japan) K.K., Japan.
Clariant Catalysts (Nanjing) Ltd., China.
Clariant Catalysts (Shanghai) Ltd., China.
Clariant Chemical Materials (Baotou) Ltd., China.
Clariant Chemical Pakistan (Pvt) Ltd., Pakistan.
Clariant Chemicals (China) Ltd., China.
Clariant Chemicals (Guangzhou) Ltd., China.
Clariant Chemicals (Huizhou) Ltd., China.
Clariant Chemicals (India) Ltd., India. [Listed]
Clariant Chemicals (Taiwan) Co. Ltd., Taiwan.
Clariant Chemiebeteiligungen AG, Switzerland.
Clariant China Holding Ltd., Hong Kong.
Clariant Clearwater Technologies Ltd., British Virgin
Islands.
Clariant Colorquimica (Chile) Ltda., Chile.
Clariant Consulting AG, Switzerland.
Clariant Corporation, USA.
Clariant Distribution UK Ltd., UK.
Clariant Finance (BVI) Ltd., British Virgin Islands.
Clariant Finance (Luxembourg) SA, Luxemburg.
Clariant Horsforth Ltd., UK.
Clariant Huajin Catalysts (Panjin) Ltd., China.
Clariant Ibérica Producción SA, Spain.
Clariant Ibérica Servicios SL, Spain.
Clariant India Private Ltd., India.
Clariant Industrial Minerals (Korea) Co. Ltd., Korea.
Clariant Insurance AG, Liechtenstein.
Clariant International AG, Switzerland.
Clariant Masterbatch Ibérica SA, Spain.
Clariant Masterbatches (Beijing) Ltd., China.
Clariant Masterbatches (Deutschland) GmbH, Germany.
Clariant Masterbatches (Finland) Oy, Finland.
Clariant Masterbatches (France), France.
Clariant Masterbatches (Italia) SpA, Italy.
Clariant Masterbatches (Malaysia) Sdn. Bhd., Malaysia.
Clariant Masterbatches (Saudi Arabia) Ltd., Saudi Arabia.
Clariant Masterbatches (Shanghai) Ltd., China.
Clariant Masterbatches (Thailand) Ltd., Thailand.
Clariant Masterbatches Benelux SA, Belgium.
Clariant Masterbatches Ireland Ltd., Ireland.
Clariant Masterbatches Norden AB, Sweden.
Clariant Masterbatches UK Ltd., UK.
Clariant Oil Services Scandinavia AS, Norway.
Clariant Oil Services UK Ltd., UK.
Clariant Participations (The Netherlnads) B.V., Netherlands.
Clariant Polska Spolka z.o.o., Poland.
Clariant Prodotti (Italia) SpA, Italy.
Clariant Production (France), France.
Clariant Production UK Ltd., UK.
Clariant Productos Quimicos S.A. de C.V., Mexico.
Clariant Products (Switzerland) Ltd., Switzerland.
Clariant Produkte (Deutschland) GmbH, Germany.
Clariant Produkte (Schweiz) AG, Switzerland.
Clariant Qatar W.L.L., Qatar.
Clariant Redhill Bentonite (Liaoning) Co. Ltd., China.
Clariant Reinsurance AG, Switzerland.
Clariant SA, Brazil.
Clariant Sasol Catalysts (Proprietary) Ltd., South
Africa.
Clariant SE, Germany.
Clariant Services (France), France.
Clariant Services UK Ltd., UK.
Clariant South East Asia Pte. Ltd., Singapore.
Clariant Southern Africa (Pty) Ltd., South Africa.
Clariant Specialty Chemicals (Zhenjiang) Co. Ltd., China.
Clariant Specialty Fine Chemicals (France), France.
Clariant Trading (Guatemala) SA, Guatemala.
Clariant Ukraine LLC, Ukraine.
Clariant Venezuela SA, Venezuela.
Clariant Verwaltungsgesellschaft mbH, Germany.
EBITO Chemiebeteiligungen AG, Switzerland.
Hangzhou Baihe Clariant Pigments Co. Ltd., China.
Italtinto India Private Ltd., India.
Jiangsu Süd-Chemie Chemical
Materials Co. Ltd., China.
Jiangsu Süd-Chemie Performance
Packaging Material Co. Ltd., China.
Katapult LLC Albany, USA.
LifePO4+C Licensing AG, Switzerland.
Lufeng Clariant Chemicals Ltd., China.
Minera Dona Herminia S.A., Peru.
Minera Sumex S.A. de C.V., Mexico.
Octagon Process L.L.C., USA.
P.T. Chariant Specialties Indonesia, Indonesia.
P.T. Clariant Adsorbents Indonesia, Indonesia.
P.T. Clariant Indonesia, Indonesia.
Phostech Lithium GmbH, Garmany.
SC Beteiligungsgesellschaft mbH, Germany.
Societa Sarda di Bentonite S.r.l., Italy.
Süd-Chemie (Pty.) Ltd., Malawi.
Süd-Chemie (UK) Ltd., UK.
Süd-Chemie Australia Pty. Ltd., Australia.
Süd-Chemie Hellas Monoprosopi E.P.E., Greece.
Süd-Chemie Imic Italia S.r.l., Italy.
Süd-Chemie Investment Management (Shanghai) Co.
Ltd., China.
Süd-Chemie IP GmbH & Co. KG, Germany.
Süd-Chemie Polska Sp. z.o.o., Poland.
Süd-Chemie Verwaltungs GmbH, Germany.
Tecpro Holding Corporation Inc., USA.
etc.
04393398
0042228
President (Asia Pacific Region): Mr. Peter Artur Lindner
HK$93,250,000.00
(As per registry dated 27-03-2015)
|
Name |
|
No. of shares |
|
Clariant Ltd. Rothausstrasse 61, CH-4132 Muttenz, Switzerland. |
|
932,499 |
|
Clariant Products (Switzerland) Ltd. Rothausstrasse 61, CH-4132 Muttenz, Switzerland. |
|
1 |
|
|
|
––––––– |
|
|
Total: |
932,500 ====== |
(As per registry dated 27-03-2015)
|
Name (Nationality) |
Address |
|
Alfred Christian MÜNCH |
Zelglistrasse 4, CH-8127 Forch, Switzerland. |
|
Daniel HUG |
Bierastrasse 24, CH-4103 Bottmingen, Switzerland. |
|
Jan KREIBAUM |
No. 20 Cypress Garden, No. 2419 Hongqiao Road,
Shanghai, China. |
(As per registry dated 27-03-2015)
|
Name |
Address |
|
WONG Man Wai |
Level 9, Tower I, Metroplaza, 223 Hing Fong Road, Kwai
Chung, New Territories, Hong Kong. |
The subject was
incorporated on 27th March, 1975 as a private limited liability company under
the Hong Kong Companies Ordinance.
Originally the
subject was registered under the name of Sandoz Colours Ltd., name changed to
Sandoz Industrial Chemicals Ltd. on 11th October, 1988; to Clariant (Hongkong)
Ltd. on 8th August, 1995; and further to Clariant (China) Ltd. on 8th October,
1997.
Formerly the subject
was located at 1/F.-5/F., Sandoz Centre, 178‑182 Texaco Road, Tsuen
Wan, New Territories, Hong Kong, moved to the present address in late
August 2011.
Apart from these,
neither material change nor amendment has been ever traced and noted.
Activities: Manufacturer,
Importer, Exporter and Distributor.
Lines:-
Manufacturer
– Direct dyes; paper chemicals; optical bleaching agent; basic dyes; textile chemicals; acid and mordant dyes;
leather chemicals; masterbatch; disperse dyes; sulphur dyes; reactive dyes;
pigment and mixture.
Importer –
Tanning substances; solvent, fluorescent brightener; reactive dyes; optical
bleaching agent; masterbatch; direct dyes; textile chemicals; acid and mordant
dyes; pigment and mixture; other dyes, sulphur dyes; disperse dyes; prepared
pigment; leather chemicals; paper chemicals; detergent agent.
Exporter –
Masterbatch; direct dyes; plasticisers for plastics; reactive dyes; pigment and
mixture; optical bleaching agent; solvent, fluorescent brightener; textile
chemicals; other dyes, sulphur; detergent agent; paper chemicals; disperse
dyes; tanning substances; acid and mordant dyes; prepared pigment; leather
chemicals.
Group Employees: 17,030. (As at 30-06-2015)
Materials/Commodities: Imported
from Switzerland and other European countries.
Markets: China,
Hong Kong and other Asian countries.
Group Sales: CHF
7,120 million (Year ended 31-12-2010)
CHF 7,370 million (Year ended 31-12-2011)
CHF 6,038
million (Year ended 31-12-2012)
CHF 6,076
million (Year ended 31-12-2013)
CHF 6,116
million (Year ended 31-12-2014)
CHF 3,023
million (6 months ended 30-06-2014)
CHF 2,871
million (6 months ended 30-06-2015)
Terms/Sales: Various terms.
Terms/Buying: L/C, T/T, D/P, etc.
Issued Share Capital: HK$93,250,000.00
Mortgage or Charge:-
Date of
Mortgage: 13-07-1984
Amount: HK$20,000,000
Property: Part G/F., 1/F. - 5/F. & Part
6/F., Car Parking Spaces Nos. P1, P2, P3, L3, L4, P6, P7, P8, L8, L9 & L10,
Loading Bay Lift H & Lifts, and other area on G/F. of Sandoz Centre, 178‑182 Texaco
Road & New Road, Tsuen Wan, New Territories, Hong Kong.
Mortgagee: Swiss Bank Corporation, Hong Kong
Branch.
Group Net Income/(Loss):
CHF 191 million (Year ended 31-12-2010)
CHF 251 million (Year ended 31-12-2011)
CHF 203 million (Year ended 31-12-2012)
CHF 323 million (Year ended 31-12-2013)
CHF 235 million (Year ended 31-12-2014)
CHF 26 million (6
months ended 30-06-2014)
CHF 143 million (6 months ended 30-06-2015)
Group Total Equity: CHF
1,806 million (As at 31-12-2010)
CHF 3,026
million (As at 31-12-2011)
CHF 2,666
million (As at 31-12-2012)
CHF 2,780
million (As at 31-12-2013)
CHF 2,733 million (As at 31-12-2014)
Profit or Loss: Group
business was profitable in the past five years.
Condition: Keeping in a good condition.
Facilities: Making active use of general
banking facilities.
Payment: So far so good.
Commercial Morality:
Good.
Bankers:-
Swiss Bank
Corporation, Hong Kong Branch.
Citibank N.A.,
Hong Kong Branch.
Credit Suisse First
Boston, Hong Kong Branch.
Hang Seng Bank Ltd.,
Hong Kong.
Standard Chartered
Bank (Hong Kong) Ltd., Hong Kong.
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Union Bank of
Switzerland, Hong Kong Branch.
Standing: Very Good.
Clariant (China) Ltd.
[CCL], previously known as Sandoz Industrial Chemicals Ltd., was a wholly-owned
subsidiary of Sandoz Chemicals Ltd., a Switzerland-registered firm. Since Sandoz Chemicals Ltd. had been spun off
from the Sandoz Group (one of the world’s largest chemical manufacturers
founded in Basle over a century ago) and renamed as Clariant Ltd. [Clariant]
which is listed on the Swiss Stock Exchange with the symbol “CLN” in 1995. Sandoz Industrial Chemicals Ltd. then changed
name to Clariant (Hongkong) Ltd. on 8th August, 1995, and further to CCL which
is the present style on 8th October, 1997.
CCL is now a
wholly-owned subsidiary of Clariant. CCL
is trading in the following products: Industrial Chemicals (MircoReaction
Tech., Blue Laser Discs, Nanostructured Ceramics , From Switzerland), Dyeing,
Tanning & Colouring Materials (Organic pigment/textile/plastic dyes
including disperse dyes from Switzerland, Obtained the “Certificate of Hong
Kong Origin - CEPA”).
CCL has set up a
production plant in Yuen Long Industrial Estate, New Territories, Hong
Kong. Products include dyes and
chemicals in variety. Main markets are
China, Hong Kong and other Asian countries.
Business is active and steady.
CCL serves as a
platform for Clariant’s activities in the Greater China region providing the
expertise, know-how and facilities to secure a leading position in the region’s
rapidly growing chemical market. Over
the last few years, CCL has shown continuous growth. About 1,000 employees work currently for
Clariant’s Greater China operations.
Clariant’s
operational network in Greater China consists of entities in Hong Kong and
Taiwan as well as a technical services centre and a trading company in Shanghai
and representative offices in Beijing, Guangzhou, Shenzhen and Qingdao which
support the Group’s marketing activities and provide technical services to its
customers.
Furthermore Clariant
is partner of four joint ventures, which are located in Tianjin and
Guangzhou. These companies produce
dyestuffs, pigments and masterbatches. In November 1999, Clariant’s own trading
company was set up in Shanghai which allows direct import of goods and ensures
a rapid delivery to customers in the industrial zone of this major Chinese
city.
Clariant is
represented on five continents with more than 100 group companies.
Clariant is the
holding company of the Clariant Group. The
Group develops, manufactures, distributes and sells a broad range of specialty
chemicals which play a key role in its customers’ manufacturing and treatment
processes or add value to their end products.
The Group has manufacturing plants around the world and sells mainly in
countries within Europe, the Americas and Asia.
Clariant owns 63.4%
of the publicly traded companies Clariant Chemicals (India) Ltd, listed on the
Bombay Stock Exchange, ISIN no. INE492A01029, symbol CLARICHEM, and the
National Stock Exchange of India, symbol CLNINDIA. Clariant also owns 75% of Clariant (Pakistan)
Ltd, listed on the Karachi Stock Exchange, ISIN no. PK007670101.
Effective as of 1st
January, 2013 Clariant has regrouped its seven Business Units (BU) into four
Business Areas (reportable segments) for external reporting purposes: Care
Chemicals (BU ICS), Catalysis & Energy (BU Catalysts, Energy Storage
business), Natural Resources (BU Oil & Mining Services, BU Functional
Minerals) and Plastics & Coatings (BU Additives, BU Masterbatches, BU
Pigments).
In addition the
Medical Specialties business has been reallocated from BU Functional Minerals
to BU Masterbatches. Restatements for 2012 were made accordingly.
The sales of Clariant
Group amounted to CHF 6,116 million in the full-year 2014, grew by 0.7% as
compared to CHF 6,076 million in 2013.
The net income of the Group amounted to CHF 235 million, decreased by
27.1% as compared with CHF 323 million in 2013.
In the first half of
2015, the sales of Clariant Group amounted to CHF 2,871 million, grew by 5.0%
as compared to CHF 3,023 million in the same period of 2014. The net income of the Group for the period
amounted to CHF 143 million, increased by 450.0% as compared with CHF 26 million
in the same period of 2014.
During the first half
of 2015, growth was focused in the Americas with Clariant posting strong local
currency sales growth of 16% in Latin America and 7% in North America, the
latter led by strong demand in Catalysis as well as continued growth in Oil &
Mining Services. Europe was 2% lower in
local currencies but basically continued to be flat if the reduction of the
exposure to the low-margin base products business is taken into account.
The lower growth was
mostly due to the regions Asia/Pacific and Middle East & Africa. In Asia/Pacific sales in local currencies
decreased by 5%. The decline was due to
weak demand in China and to a high base in the Catalyst business, where in
addition second quarter orders were shifted into the first quarter of
2015. The strong development in smaller
economies in Asia could not compensate for this base effect. In the Middle East & Africa region, sales
were 21% lower year-on-year in local currencies, because of a higher basis in
the second quarter of 2014, which still included sales from the Water Treatment
business, which was divested in July 2014.
The subject has about
150 employees in Hong Kong. However, the
Group has about 18,099 employees worldwide.
CCL is fully
supported by Clariant Group. History in
Hong Kong is over 40 years and six months.
On the whole, in view
of the parentage and background of CCL, consider it good for normal business
engagements.
Property information of the company:-
Property Location: Part
G/F., 1/F. - 5/F. & Part 6/F., Car Parking Spaces Nos. P1, P2, P3, L3, L4,
P6, P7, P8, L8, L9 & L10, Loading Bay Lift H & Lifts, and other area on
G/F., Sandoz Centre, 178-182 Texaco Road, Tsuen Wan, New Territories, Hong
Kong.
Owner: Clariant
(China) Ltd.
Date of Purchase:
n.a.
Purchased Price:
n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
13-07-1984 |
HK$20,000,000 |
Swiss Bank Corporation, Hong Kong Branch. |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.