MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KAKADO TRADING CO. LTD. |
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Registered Office : |
Rm 1901-1902, 19/F, Aitken Vanson Centre,61 Hoi Yuen Road,
Kwun Tong, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11-6-1996 |
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Com. Reg. No.: |
552674 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & supply of kids' wear. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Up To USD10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KAKADO TRADING CO. LTD.
RM 1901-1902, 19/F, AITKEN VANSON CENTRE,61 HOI YUEN ROAD, KWUN TONG, KOWLOON, HONG KONG.
TEL : 852 23453886
FAX : 852 29509430
EXECUTIVE SUMMARY
INCORPORATION DATE :
11-6-1996
REGISTRATION NO. :
552674
REGISTERED LEGAL FORM :
PRIVATE LIMITED CO.
CHIEF EXECUTIVE : NG SHUK FONG KAREN
(DIRECTOR)
STAFF STRENGTH :
10.
AUTHORIZED CAPITAL : HK$0.1M = 10,000 SHARES @ HK$10.-
PAID-UP CAPITAL : HK$0.1M
BUSINESS LINE :
MANUFACTURE & SUPPLY OF KIDS' WEAR
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT : NORMAL
RECOMM. CREDIT RANGE : UP TO
USD10,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82126 = USD1 AS OF 2007-04-27
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD – Hong Kong Dollars
Your given name is not on the companies list in Companies
Registry in HK.
Based on your given address, we believe that your search target
is the heading one.
SC is a private limited company registered under
incorporation file no. 552674 on 11-6-1996.
SC's shareholders & directors are shown to be as
follows:
Shareholders (as at 11-6-2006) Number
of shares held
- Kanz Financial Holding GmbH 5,001
- Ng Shuk Fong Karen 4,999
--------
10,000
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Directors (as at 11-6-2006)
- Harter Manfred / K9079300
- Ng Shuk Fong Karen / E858232(0)
The above registration information is based on SC's annual return
filed at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced
& noted within last 2 years.
SC is a subsidiary of Kanz Financial Holding GmbH whose
partial information is as follows:
- Registered address:
Gammertinger Strabe 30, 72419 Neufra, Deutschland.
- Business line: As
a holding co.
- Civil litigation & winding-up petition: None in our database
Ng Shuk Fong Karen, director:
- In her mid 40's
- She has over 15 years of experience in present field
Currently active in SC's day-to-day operations & is
responsible for its management.
Registered residential address: Flat C, 6/F, Blk 9, Laguna
City, Chakwoling Road, Kwun Tong, Kowloon, HK.
Property ownership: Current land search indicates the said
premises ownership as follows:
- Owner(s) : Ng Shuk Fong Karen
- Date of purchase & consideration : NA
- Date of mortgage & secured amount : 15-10-1999 / ANS
- Mortgagee : Industrial & Commercial Bank of China
(Asia) Ltd.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Harter Manfred, director:
- He is by German nationality
Currently residing in Germany & only visits Hong Kong
for business occasionally.
Registered residential address: Gerbergasse 1, 72458
Albstadt, Germany.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 60 (see explanatory notes
below)
Keys : 1 : scores 81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history & trade
reputation, business experience & track record, market connection and
management skill.
Upon a current contact, Ms. Man, SC's merchandising
manageress, declined forwarding any financial information on the ground that it
is the company's policy not releasing any data to a third party without the
benefit of knowing the identity of the inquiring party.
As per current co. search, total amount of indebtedness of
SC in respect of all mortgages and charges which are required to be registered
with Companies Registry as at 11-6-2006 was nil.
Banking relations are maintained principally with: HSBC.
This section will contain the civil litigations &
winding-up petitions filed against SC for the last 6 years (as stored in our
database), and the mortgage/charge records filed by SC for the last 2
years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up
petitions : ( ) see below (X) see attached sheet
Mortgage/charge record(s) : None filed since its incorporation date.
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments
habits and ability to pay. It is based
on the 3 weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment experience : SC did not provide any name of trade/service suppliers and we have no other sources to conduct the enquiry at present.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Business categories :
SC is engaged in manufacturing & supply of kids' wear.
Items available include shirts, dresses, trousers &
babies' wear.
Production is assigned to its affiliated factories in
Bangladesh & PR China.
Principal purchases :
Major types of sourcing :
Raw materials & accessories
Local--type of suppliers :
Manufacturers
Buying terms :
COD & credit of 30 days
Overseas--supplying countries :
PR China
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Nil
Selling terms :
Nil
Overseas--buying countries :
Europe
Selling terms :
L/C, D/P & T/T
Total number of employees : 10.
Location : Maintaining its office at the heading business
address which occupies a gross area of 2,500 square feet at an industrial
building in an industrial district.
Condition inside the premises
during our visit : Normal.
Office/factory layout : Standard.
SC is
not known to have any subsidiary at present.
SC is considered a normally
advancing concern with steady customers and good base to meet its trade
engagements. A credit line up to USD
10,000 would appear to be within SC’s capacities.
-- Asset Tracing --
Upon our current investigation, our database & sources
consulted indicate that SC was not involved in any property transaction (both
purchase & disposal) in Hong Kong for the last 6 years.
APPENDIX
SUPPLEMENTARY INFORMATION:
Attached document (total no. of pages : 2)
1. Civil
litigations check of SC
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)