MIRA
INFORM REPORT
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Report Date : |
06.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL NATIONAL-GOTTESMAN ASIA LTD. |
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Registered Office : |
Room 909, 9/F., Sun Hung Kai Ctr., 30 Harbour Rd., Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
8-9-2003 |
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Com. Reg. No.: |
860800 |
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Legal Form : |
Private Ltd |
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Line of Business : |
Trading of paper. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CENTRAL NATIONAL-GOTTESMAN ASIA LTD.
ROOM 909, 9/F., SUN HUNG KAI CTR.,
30 HARBOUR RD., WANCHAI, HONG KONG.
TEL : 852 25261288
FAX : 852 25261277
EXECUTIVE SUMMARY
INCORPORATION DATE :
8-9-2003
REGISTRATION NO. :
860800
REGISTERED LEGAL FORM : PRIVATE
LTD
CHIEF EXECUTIVE : MR. MAHER DAVID MICHAEL (DIRECTOR)
STAFF STRENGTH :
10
AUTHORIZED CAPITAL :
HK$8.25M = 8.25M SHARES @ HK$1.-
PAID-UP
CAPITAL : HK$8.25M
BUSINESS LINE :
TRADING OF PAPER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79582 = USD1
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
SC is a private limited company registered under incorporation file no.
860800 on 8-9-2003.
SC's shareholder(s) & director(s) are shown to be as follows:
Shareholder(s) (as at 8-9-2007) Number
of shares held
- Central National-Gottesman Inc. 8,250,000
==========
Director(s) (as at 8-9-2007)
- Maher David Michael / 141237474
- Wallach Andrew Michael / 206799216
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Shares transfers:
Date No. of shares Transferor(s) Transferee(s)
5-2-2007 1 Wallach
Andrew Michael Central
National-Gottesman Inc.
Total number of employees: 10.
Location: Maintaining
its office at the heading business address which occupies a gross area of 1,500
square feet at a commercial building in a commercial district.
Condition inside the premises during our
visit: Normal.
Office/factory layout: Standard.
SC is a subsidiary of Central National-Gottesman Asia Ltd. whose partial
information is as follows:
Year established : 1931
Registered/business
address : Same as heading business address
Business line : Engaged in trading of
paper and related products
No. of employees : NA
Civil litigation & winding-up petition: None in our database
Turnover :
US$3,000M (year ended 31-12-2006)
Maher David Michael, director:
- He is by American nationality
- Embarked upon his career to present field as an executive trainee in
his late 20's
Currently residing in USA & only visits Hong Kong for business
occasionally.
Registered residential address: 67 Ritch Drice, Ridgefield, CT06788,
USA.
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
Wallach Andrew Michael, director:
- He is by American nationality
- Embarked upon his career to present field as an executive trainee in
his mid 20's
Currently residing in USA & only visits Hong Kong for business
occasionally.
Registered residential address: 135 West 70 Street, Apt.4F, New York, NY
10023, USA.
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 : 2 Obtained scores : 67 (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. Kam, SC's administrator & HK manager,
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 8-9-2003 was NA.
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: None in our database.
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 trading of paper.
Items available include pulps, papers, paperboards and newsprints
Principal purchases :
Major
types of sourcing :
Merchandise
Local--type
of suppliers : Manufacturers
Buying
terms : COD,
credit of 30 days, special agreed terms
Overseas--supplying
countries : USA, Canada, PR China, SE
Asia
Buying
terms : L/C, T/T
Principal market:
Local--type
of customers : Manufacturers,
wholesalers
Selling
terms : COD, credit
of 30 days, local L/C, special agreed terms
Overseas--buying
countries : USA, Canada, Europe, PR
China
Selling
terms : L/C, T/T,
special agreed terms
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. Credit in the range of small amount can be
considered.
-- 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.
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%)