MIRA
INFORM REPORT
|
Report Date : |
23.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
NOBLE RESOURCES LTD |
|
|
|
|
Registered Office : |
18FL |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
May 4, 1984 |
|
|
|
|
Com. Reg. No.: |
0136456 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing and local purchasing of wide range of metals and
metal products. Exporting and local distribution of purchased products. |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name &
address
NOBLE RESOURCES LTD
18FL
TEL : [+852] 28613511
FAX : [+852] 25290265
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 4, 1984
REGISTRATION NO. :
0136456
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DAVID ELDON (CHAIRMAN)
STAFF STRENGTH :
400
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82761 = USD1 AS OF 2007-08-09
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Capital Details*
=============
Authorized capital : HKD 10,000.00 divided into 10,000
ordinary shares at HKD 1.00/-each, fully paid
*Company Registration*
===================
(1)
License number :
0136456
Date issued
: 4 May, 1984
Issuing authority :
Companies Registry
Legal form
: Limited Liability Company
Type of license :
Corporate
(2)
License number :
08997966
Date issued
: N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license : Business
*Office & Facilities*
===============
Other fax no. : 25270282
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
==================
Ms. Lisa Wai-yin Yim can sign on behalf of the company with
seal affixed.
*Registrar*
=========
NOBLE SECRETARIES
*Company Secretary*
================
Lisa Wai-yin Yim
National ID number : G001644(5)
Address : Flat F 27Fl
Website : www.thisisnoble.com The design is professional and the content is well organized.
At present it is in English version.
For the past 23 years there is no
record of litigation.
*Major Shareholders*
================
Total number of shareholders : 2
Total number of shares : 10,000
Shareholders' Name No. of
Shares Amount of Shares (HKD) % of Shares
---------------------------
-------------------
----------------------------------
----------------
NOBLE RESOURCES GROUP LTD 9,999 9,999.00 99.99
Mr. Richard Samuel Elman 1 1.00 0.01
Management : Mr. Richard Samuel Elman, CEO
Ms. Paula Wearmonth, Secretary
Mr. Harindarpal Singh Banga, Vice Chairman
Name Nationality Job
Description
Mr. Richard Samuel Elman British CEO
Ms. Paula Wearmonth
Mr. Harindarpal Singh Banga
*Key Personnel*
============
(1)
David Eldon
Responsibility
: Handles the overall management of the company.
(2)
Harindarpal Singh Banga
National ID number : K259193 (6)
Address
: House B1 Villa Cecil
Email
: harry@thisisnoble.com
Qualification
: Master Mariner
Work experience : -
With extensive experience in the maritime and logistics industry
- Worked in
various levels of the industry all over the world since 1979
- Joined on
the establishment of NOBLE CHARTERING LTD in 1989
Associations
: Member of the following associations :
- Institute of
Chartered Shipbrokers
- Singapore
Institute of Directors
-
Other position
: - Vice Chairman, NOBLE GROUP LTD
(3)
Richard Samuel Elman
National ID number :
XD296453(3)
Address
: 9A Branksome Grande 3 Tregunter Path Mid-levels
Email
: richard@thisisnoble.com
Work experience :
- With more than 40 years of experience in the physical commodities trading
industry
- Spent 10 year
with PHIBRO in
Other position
: - CEO, NOBLE GROUP LTD
(4)
Paula Wearmonth
Email :
paula@thisisnoble.com
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing and local purchasing of wide range of metals
and metal products.
2. Exporting and local distribution of purchased products.
Also include steel products for manufacturing sectors.
Products : Alumina
Blooms
Chrome ore
Coals
Coke
*Payment Terms*
==============
Sales
-------
Local : Cash or
credit
Export : Letter of credit (L/C)
Telegraphic transfer (T/T)
Purchases
--------------
Local : Cash or
credit
Import : Letter of credit (L/C)
Telegraphic transfer (T/T)
*Charges*
=========
Total amount of indebtedness of the company in respect of
all mortgages and charges of the kind which are required to be registered with
the Registrar of Companies is USD 396,000.00
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local
sales.
*Export Markets*
=============
Majority of the annual turnover is attributed to export to
the following regions :
-
- South
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : NOBLE CHARTERING LTD
Address : 17Fl
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
*Strategic Partners & Alliances*
=======================
Group name :
NOBLE Group
Holding company : NOBLE GROUP LTD
Details
: - Market leader in managing the global supply chain of agricultural,
industrial and energy
products.
- Also involved
in technical ship management, trade finance and coal mining.
- Global network
encompasses more than 80 offices in over 35 countries across five
continents and
managed by a team of nearly 3,000.
- Serves more
than 4,000 customers worldwide.
PAYMENT RATING : 3 OBTAINED SCORES : 60
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for MODERATE
amounts depending on individual judgement experience.
As a limited liability company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
Credit in the range of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 1099 Metallic ores
Trading 1499 Nonmetallic minerals
Trading 3400 Fabricated Metal Products
Trading 5052 Coal &
Other Minerals & Ores
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 2602 Manganese ores & concentrates Inc manners iron
ores
Trading 2610000000 Chromium ores and concentrates
Trading 2704 Coke etc of coal, lignite or peat; retort carbon
Trading 2705 Coal gas, water gas, prdcr gas etc, ex pet gas &
other gas
Trading 2841100000 Aluminates
Trading 7200 Iron & steel
Trading 7202 Ferroalloys
Trading 7228 Alloy steel bars, angles etc; holder st bars etc
Trading 7326 Articles of iron or steel
Trading 7403130000 Billets, refined copper,
unwrought
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Ferroalloys
Trader Alumina
Trader Coke
Trader Finished
steel products
Trader Steel
for construction
Trader Slab
Trader Coals
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SCs 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%)