|
|
|
MIRA INFORM REPORT
|
Report No. : |
515383 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SBT MACAO COMMERCIAL OFFSHORE LIMITED |
|
|
|
|
Registered Office : |
Rua Do Comandante Mata E Oliveira, No. 32, Associacao
Industrial De Macau, 5 Andar A, Em |
|
|
|
|
Country : |
Macau |
|
|
|
|
Date of Incorporation : |
14.02.2005 |
|
|
|
|
Com. Reg. No.: |
SO 20560 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Garment manufacturing |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
Macau |
A2 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MACAU
- ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. In 2016, Macau's gaming-related taxes accounted for more than 76% of total government revenue.
Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in the 2010-13 period, largely on the back of tourism from mainland China and the gaming sectors. In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau’s economic performance. Mainland China’s anti-corruption campaign brought Macau’s gambling boom to a halt in 2014, with spending in casinos contracting 34.3% in 2015. As a result, Macau's inflation-adjusted GDP contracted 21.5% in 2015 and another 2.1% in 2016 - down from double-digit expansion rates in the period 2010-13 - but the economy recovered handsomely in 2017.
Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify the economy away from heavy dependence on gaming revenues. Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
|
Source : CIA |
Company
Details
|
SBT Macao
Commercial Offshore Limited |
|
|
Company Name (in
Portuguese): |
SBT Comercial
Offshore De Macau Limitada |
|
Supplied Name: |
|
|
Supplied Address: |
Special
Note
We tried to contact subject many times through the
supplied telephone number +853-60-4282-8333, however, the phone cannot be got
through.
According to the supplied name and address, we can
not find any operation information or other valid contact information of
subject.
We found subject’s registration information as follows for reference.
Company
Identification Details
|
Registered
Name: |
SBT
Macao Commercial Offshore Limited |
|
Registered
Address: |
Rua Do Comandante Mata E Oliveira, No. 32, Associacao
Industrial De Macau, 5 Andar A, Em Macau |
|
Date
of Registration: |
2005-2-14 |
|
Business Registered Number: |
SO 20560 |
|
Legal Form: |
Private Limited Liability Company |
|
Registered Capital: |
MOP 100,000 (USD 12,300) |
|
Principal Activities: |
Garment manufacturing |
|
Staff: |
N/A |
|
Listed
at Stock Exchange: |
No
|
|
Information Ended at: |
2018-6-13 |
Notes:
Since we didn’t contact subject successfully, the
principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2005-2-14 with registered number SO 20560 as Private Limited Liability Company in Macao.
Corporate
Structure
Parent Company
|
Name: |
South
China (Jersey) Holdings Limited |
|
Address: |
Com
Sede Em British Channel Islands, Bel Royal House, Hilgrove Street, St.
Helier, Jersey JE2 4SL |
|
Stake
Interest in Subject: |
100% |
Shareholders
|
Subscription Amount |
Proportion of
Investment (%) |
|
|
South
China (Jersey) Holdings Limited |
100,000 |
100% |
|
Total |
100,000 |
100% |
Major
Shareholder Information:
|
Name: |
South
China (Jersey) Holdings Limited |
|
Address: |
Com
Sede Em British Channel Islands, Bel Royal House, Hilgrove Street, St.
Helier, Jersey JE2 4SL |
Management
Information
Core
Management
Board
of Directors:
|
1 |
|
|
Name: |
Harry Nai Shee
Lee |
|
Address: |
Room
B, 6/F, Housing Complex, 44 Mount Kellett
Road, The Peak, Hong Kong |
|
Position: |
Director |
|
Marital
Status: |
Married |
|
Gender: |
Male |
|
2 |
|
|
Name: |
Chu Tak Hung |
|
Address: |
Room
3, 8/F, Miami Mansion 99B Waterloo Road Hong Kong |
|
Position: |
Director |
|
Marital
Status: |
Married |
|
Gender: |
Male |
|
3 |
|
|
Name: |
Lee Delman |
|
Address: |
Room
B, 23/F, Po Garden 9 Brewin Path, Hong Kong |
|
Position: |
Director |
|
Marital
Status: |
Married |
|
Gender: |
Male |
Operation
Information
Since
we failed to get in touch with the subject, the operation information is not
available from any sources.
Settlements
Since
we failed to get in touch with the subject, the settlement information is not available
from any sources.
Financial
Information
The subject has no obligation to supply its
financial statement to the third party according to the relevant policy in
Macao and the only source from which we can obtain the information is the
subject itself.
Since
we failed to get in touch with the subject, the financial information is not
available from any sources.
Bankers
Since
we failed to get in touch with the subject, the banking information is not
available from any sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
|
TWD |
1 |
INR 2.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.