MIRA
INFORM REPORT
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Report Date : |
10.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
UNITEXX LTD |
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Registered Office : |
RM C 12FL Century House 3-4 Hanoi Rd, Tsimshatsui Kowloon,
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Country : |
Hong Kong |
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Date of Incorporation : |
20.09.2004 |
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Com. Reg. No.: |
923677 |
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Legal Form : |
Private |
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Line of Business : |
Trading a wide range of Jeans, Children Garments, Pants, Trousers and
Leisure Wear |
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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Maximum Credit Limit : |
USD 3,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
UNITEXX LTD
RM C 12FL CENTURY HOUSE 3-4 HANOI RD, TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-27215565
FAX: 852-27215550
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 20, 2004
REGISTRATION NO. :
923677
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
UP TO USD 3,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79686 = US$1
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
*Company Registration*
==================
License number : 923677
Date issued : 20 September, 2004
Issuing authority : Companies Registry
Type of license : Corporate
License number : 35035757-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00
Issued capital : HKD 2.00 divided into 2 ordinary shares
*Corporate & Organization Structure*
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A family owned and managed business.
*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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Only Mr. Haresh Mahadev Punjabi can sign on behalf of the company with
seal affixed .
SC is not known to host website of its own at present.
E-mail: haresh@unitexx.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 : 2
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
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---------------------------------
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Haresh Mahadev Punjabi 1 1.00 50.00
Renu Haresh Punjabi 1 1.00 50.00
*Directors' Details*
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Haresh Mahadev Punjabi
HKID no : P118627(6)
Address : 11A Windsor Mansion 29-31 Chatam Rd
South Tsimshatsui Kowloon Hong Kong
Email : haresh@unitexx.com
Renu Haresh Punjabi
HKID no : P481559(1)
Passport no : Z-1496859
Address : 11A Windsor Mansion 29-31 Chatam Rd
South Tsimshatsui Kowloon Hong Kong
*Company Secretary*
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REGENT SECRETARIAL & TAX CONSULTANTS LTD
Date of appointment : 12 March, 2007
SC management details are not available at present.
*Main Products & Services*
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Specializes in trading a wide range of jeans, children garments, pants,
trousers and leisure wear.
Products:
Adult leisure wears
Boxer shorts
Children jeans
Children's briefs
Children's garments
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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Rating Key |
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 SMALL amounts depending on individual judgement experience.
As a limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP
LTD, THE
Branch : Tsimshatsui
Account number : 636 497
141 838
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance, a credit line up to USD 3,000
appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2300
Apparel/Other Textile
Products
Exporting 2322
Men's and boys' underwear
and nightwear
Exporting 2325
Men's and boys' separate
trousers and casual slacks
Exporting 2329
Men's and boys' clothing,
Exporting 2389
Apparel and accessories,
Exporting 5137
Female/Child Clothing
Trading 2300
Apparel/Other Textile
Products
Trading 2322
Men's and boys' underwear
and nightwear
Trading 2325
Men's and boys' separate
trousers and casual slacks
Trading 2329
Men's and boys' clothing,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 6100
Articles of apparel &
clothing accessories-knitted or crocheted
Exporting 6103192015
Men's or boys' suits, knitted or
crocheted: of cotton, trousers, breeches, and
shorts,
part of a suit
Exporting 6103491010
Men's or boys' trousers, breeches,
and shorts, knitted or crocheted, of artificial
fibers,
greater than or equal to 23 percent wool or f.a.h.
Exporting 6104120030
Women's or girls' suits, knitted or
crocheted, of cotton, trousers, breeches, and
shorts, imported as parts of a suits
Exporting 6107
Men's or boys' underpants,
pjs, etc, knit or crocheted
Exporting 6107110000
Men's or boys' underpants and briefs
of cotton, knitted or crocheted
Exporting 6113000080
Women's or girls' other garments of
knit/croch cot w outer surface impreg, coated
etc with resins ex rubber/plastic which
obscures underlying material
Exporting 6114
Garments, knitted or
crocheted
Exporting 6115
Pantyhose, socks &
other hosiery, knit or crocheted
Exporting 6117
Made-up clothing access.
parts etc. knit etc
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporter Men swimming trunks
Exporter Children's garments
Exporter Boxer shorts
Exporter Men's briefs
Exporter Children's socks
Exporter Men's socks
Exporter Trousers
Trader Jeans
Trader Children jeans
Trader Women's jeans
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
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%)