Scotland Leather Group Shrinks Due To Higher Raw Leather Prices

Scotland leather group (Scottish Leather Group) has published its annual earnings report. The report shows that although revenue has increased by 18% to 136 million 200 thousand pounds, the annual profit has not increased significantly as raw material prices have risen to historic highs.

The group said that the average price of raw leather increased by 16% this year, and its operating profit was greatly affected. As a result of this year's sales of leather, upholstery, handicraft and footwear in wet leather industry, it has a good performance. Sales volume There has been a substantial increase.

Scotland Leatherwear The group's Bridge of Weir leather company said its sales increased by 18%, but profit margins shrank as raw material prices rose by an average of 16%.

Bridge of Weir leather company mainly produces finished leather for automotive and commercial interior decoration. They said that the company's pre tax profit in the fiscal year was 4 million 530 thousand, which was 4 million 480 thousand in 2013. Operating profit increased by 7% to 4 million 600 thousand pounds.

　　 Scotland leather group It is the largest leather manufacturer in the UK. It has 4 leather manufacturing companies and a technology company. By the end of 2014, it had 561 employees.

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Recently, the federal tax administration of Mexico has worked with financial intelligence agencies, private enterprises and procuratorial organs to discover an international network of textile smuggling involving 31 importers, 53 foreign suppliers, 22 customs agents and 113 camouflaged companies. 70% of imported textiles and 49% of clothing products were imported by 18 non inspection enterprises. The main ports of entry were: samantho, Lhasa Luo, Juarez, Vera Cruz, MaxicoCity Airport and new alalo.

Mexico's economist and financial financiers have recently synthesized news. Recently, the federal tax administration of Mexico and financial intelligence agencies, private enterprises and procuratorial organs found a network of textile smuggling, involving 219 main bodies. Anti money laundering and fiscal and financial reforms provide a basis for combating illegal trade.

According to the relevant officials of the State Administration of Taxation, since July 2013, the relevant departments of the Mexican government have conducted a one year survey to identify the channels of crime involving 31 importers, 53 foreign suppliers, 22 customs agents and 113 camouflaged companies.

The 53 foreign suppliers are mainly in China, Hongkong, Singapore, Panama, Vilgin, Korea and a small number in the United States. Importers declare customs at the time of customs declaration, which is less than the market price. 22 customs agents participate in the declaration process. After these goods are imported, they are sold at real prices in the market and their profits are remitted abroad. There are three main destinations: manufacturers in Asia, accounts of Mexico importers in the US and Panama, organized crime group accounts.

According to the official of the State Administration of Taxation, 70% of imported textiles and 49% of the clothing products were imported by 18 non inspection enterprises. The main import ports include: samantho, Lhasa Luo, Juarez, Vera Cruz, MaxicoCity Airport and new alalo.

The 31 importers declare that the price is 216 million pesos, which is only 1/7 of the normal price, resulting in 1 billion 500 million loss of customs revenue. Be Pedja Lai, the Minister of finance, said that in the next few weeks, similar protection measures in footwear industry would be announced, customs restrictions and customs duties should be abolished. In 2010, the General Administration of Taxation of Mexico had taken similar measures to combat tax evasion. 22 investigations were carried out, involving a total of 14 billion 600 million pesos.