Toolee Group Inc. » Finiance

TOOLEE ATTEND THE 6TH WORLD FISHING EXHIBITION (VIGO,SPAIN)

tonny — Fri, 14 Aug 2009 00:56:43 +0000

world fishing exhibition TOOLEE ATTEND

Accepting the invitation from(WFE) World Fishing Exhibition(Vigo), Our company, TOOLEE GROUP INC. (TOOLEE GROUP INDUSTRIAL CO., LTD), will attend the World Fishing Exhibition to be held in IFEVI Exhibition Centre(VIGO,SPAIN) from 16^th to 19^th of September 2009.

the scopes of our products to exhibition include as follows:

Anchors; Cables, wire rope accessories; Chains & Fittings; Cargo Control Systems; Cranes Accessories; Handling Equipment; Hoists parts; Hooks; Marine Equipment; Ropes; Trawling Shackle; Fishing Chain; Lashing Chain; Swivel; Viking Link; Rigging Shackle; Master Link; Recessed Link; Connecting Link; Fishing G Link; Snatch Block; Rigging And Trawling Hardware; Sailing Boat Hardware, Wire Rope Sling; Chain Sling; Webbing Sling; Round Sling.

Hope you who are interested in our products can go to IFEVI Exhibition Centre (VIGO,SPAIN), then we can have a face to face talk about our products.

Hereby the exhibition stand we take is F30 in Hall 1, attaced below is our booth layout drawing.

http://www.toolee-inc.com/wp-content/uploads/2009/08/Vigo2009Chinanew.pdf

EUR back to Strong？USD going DOWN?

tonny — Tue, 23 Sep 2008 13:56:42 +0000

Before the exchange policy from the Jan.1st to the Dec.30, the whole year USD/RMB=8.267

But today: USD/RMB=6.79, how about the percentage? 17.8%

Regarding the exchange rate EUR/RMB, within 50 days, the number from 10.7 to 9.5 and then back to 10.05. What it means?

Cause all of our profit calculated by RMB, for example if our profit is EUR1000.00, calculated by RMB

1070(EUR/RMB=10.7)

950(EUR/RMB=950)

1005(EUR/RMB=10.05)

If we confirm the order with EUR/RMB=10.7, and 30 days later when we get your payment with EUR10000.00, if EUR/RMB=9.5, then we will lost RMB=107000(10.7*10000)-95000(9.5*10000)=12000

That’s 11.2%, We can’t burden so big range.

During the last one year, USD/RMB from 7.2 to today’s 6.79, and the EUR/RMB FROM 10.3 TO 11.10 and then back to 9.5, and these days, EUR/RMB back to 10.04.

But please noted, the USD/RMB around 6.8 for about 60 days at least, at the same time, the EUR/RMB from 10.7 to 9.5 and then back to 10.00, It looks like the EUR becoming stronger again.

Reasons as below:

USD going down/finiance system looks like on the breaking way for USD.

Is it ture? if USD BREAKING, how is the EUR? DO?

TONNY 080923 @RiggingLifting.com