MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
MGB METRO GROUP BUYING HK LTD |
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Registered Office : |
9 FL World Finance Center - South Tower |
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Country : |
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Date of Incorporation : |
May 14, 2003 |
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Com. Reg. No.: |
847259 |
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Legal Form : |
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Line of Business : |
Importer and exporter of general merchandise. Act as procurement agent for merchandise of the Metro Group. |
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 US$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
MGB METRO GROUP BUYING HK LTD
9FL
TEL : 852 27381388
FAX : 852 27352455
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 14, 2003
REGISTRATION NO. :
847259
CHIEF EXECUTIVE :
MR. BERND RALF HANEMANN (CHAIRMAN)
STAFF STRENGTH :
50
CAPITAL :
US$ 6,393,862
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 :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81204 = US$1 AS OF 2007-8-24
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
===================
License number : 847259
Date issued : 14 May,
2003
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
License number : 33696531-001
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Registrar*
========
ASIA INFORMATION ASSOCIATES LTD (formerly known as BAKER & MCKENZIE
CONSULTANTS LTD)
*Capital Details*
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Authorized capital : HKD 50,000,000.00 divided into 500,000 shares of
HKD 100.00/-each, fully paid
*Office & Facilities*
===============
Other Contact Details
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Tel nos. : 27381304/27384145 or
4146
Fax no. : 29575305
Email : supplychain@metro-mgb.com.nk
Website : www.metro-link.com
*Corporate & Organization Structure*
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Medium sized company
Operated and managed by an experienced team of professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Any of the following directors can sign on behalf of the company with
seal affixed:
- Mr. Bernd Ralf Hanemann
- Mr. Thomas Burkhalter
Website : www.metro-mgb.com The design is
professional and the content is well organized. At present it is in both Deutsch
and English versions.
E-mail : hongkong@metro-mgb.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares :
500,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------- ------------------------------- ---------------------------------- ----------------
MGB METRO GROUP BUYING GMBH 499,996 49,999,600.00 100.00
MGE WARENHANDELSGESELLSCHAFT
VERWALTUNGS MBH & CO KG 4
400.00 0.00
*Director's Details*
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Jurgen Pahl
Passport no. : 5042152669
Address :
Kollenkamp 21
Bernhard Otto Schmidt
Passport no. :
1333042204
Address :
Gnadenbergweg 3
Manfred Leufgen
Passport no. : 5041991788
Address :
Ruestermark 5,
*Corporate Secretary*
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B & MCK NOMINEES LTD
Address : 1401 Hutchison House
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Thomas Burkhalter
Mr. Bernd Ralf Hanemann
*Key Personnel*
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Bernd Ralf Hanemann
HK ID : K315735(0)
Founder : Co-
founder
Address : House
A2 Burnside Villa
Previous address : Flat B, 1Fl
Regent Palisades Block 3,
(changed on 24 June, 2007)
Work experience : More than 5
years
Responsibilities : Handles
daily operation of the firm includes all financials and legal matters.
Thomas Burkhalter
HK ID :
P816637(8)
Addresses : Rm 47A
Residence Bel-Air -
*Main Products & Services*
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Specializes in the following areas of work :
1. Importer and exporter of general merchandise.
2. Act as procurement agent for merchandise of the Metro Group.
Products : Buying trip services
Clocks
Clothing
accessories
Durable
goods
Electrical appliance
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Quality Certification*
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Type of certification : EC type-examination certificate
Issuing authority : TUV
Rheinland
Date of certification : 9
December, 2005
Approved number : BG60013351
Other details :
Certified product : Tabletop Patioheater
(Liquid Gas Equipment)
Fulfilled standard : Richtlinic 90/396/EWC
EN 419-1:1999
EN 461/A1:2004
Note : This is to certify that the product that complies with the
requirements of the Gas Appliances Directive. This certificate does not imply
assessment of the production of the product and does not permit the used of a
TUV Rheinland mark of conformity.
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : METRO CASH & CARRY
Address : Metro-Strasse 1
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains offices in the following locations :
1.
Telephone no : 21-2207 6016 or
6096
E-mail address:
eva.liu@metro-mgb.com.cn/angela.wu@metro-mgb.com.cn
2.
Telephone no : 91 11
26840740
E-mail address:
lokesh.kumar@metro-mgb.co.in/neeraj.mittal@metro-mgb.co.in
3.
Telephone no : 886 2 27252187
E-mail address:
abel.tseng@metro-mgb.com.tw/queenie.kao@metro-mgb.com.tw
4.
Telephone no : 90 212 410 55
11
E-mail address:
supplychain@metro-mgb.com.tr
PAYMENT RATING : 3 OBTAINED SCORES : 60
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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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.
*Bank Details*
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Bank Name : DEUTSCHE BANK AG
Branch : Central,
Branch Address : 45Fl
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
Key Financial Data of METRO AG
Currency: EUR
31 December, 2003
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Total Fixed Assets
15,041,000,000
Total Current Assets
9,934,000,000
Current Liabilities
19,806,000,000
Total Long Term Liabilities -
Total Shareholders' funds
4,161,000,000
Total Turnover
53,595,000,000
Operating expenses
11,779,000,000
Pre-Tax Profit (loss)
( 817,000,000)
SC is considered medium-sized in its line with fairly good background. It is
considered a credit line up to US$ 100,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4783 Packing
& Crating
Service 8741 Management
Services
Service 9300 Finance,
Taxation, & Monetary
Trading 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories
Trading 2519 Household
furniture, NEC
Trading 2678 Stationery
products
Trading 3100 Leather
and Leather Products
Trading 3171 Women's
handbags and purses
Trading 3172 Personal
goods, of leather, except handbags and purses
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9854 Packing
& crating
Service 9874 Management
services
Service 9878 Business
development/consulting
Trading 4200 Articles
of leather, saddlery & harness, travel goods, handbags, articles of gut
Trading 4202 Travel
goods, handbags, wallets, jewelry cases etc
Trading 4205 Articles
of leather
Trading 4817 Envelopes,
postcards etc & boxes etc of stationery
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6114 Garments
knitted or crocheted
Trading 6117 Made-up
clothing access parts etc. knit etc
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Service Offer
management
Service Infrastructure
Service Quality
assurance
Service Pack and label
services
Service Purchasing
agents
Trader Garments
Trader Durable
goods
Trader Non-durable
goods
Trader Clothing
accessories
Trader Footwear
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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. |
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%)