MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MIRTEX ENTERPRISES (HK) LTD |
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Registered Office : |
Rm 301-2, 3FL Car Po Commercial Bldg, 18-20 Lyndhurst
Terrace Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 13, 1987 |
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Com. Reg. No.: |
200750 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchasing of textiles, clothing, leather goods,
shoes and sports articles. Sales and distribution to local and export markets. |
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 : |
Up To USD 50,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
MIRTEX ENTERPRISES (HK) LTD
RM 301-2, 3FL CAR PO COMMERCIAL BLDG
18-20 LYNDHURST TERRACE CENTRAL, HONG KONG.
TEL : 852-25441123
FAX : 852-25456044
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 13, 1987
REGISTRATION NO. :
200750
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GUL TOLARAM MIRPURI (MANAGING DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 320,924
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79878 = 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*
==================
(1)
License number : 200750
Date issued : 13 October,
1987
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 11352450-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value :
HKD 100.00/-each
Authorized capital :
HKD 2,500,000.00
Issued capital :
HKD 2,500,000.00 divided into 25,000 ordinary shares, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
===================
Only Mr. Gul Tolaram Mirpuri can sign on behalf of the company with seal
affixed :
SC is not known to host website of its own at present.
E-mail: mirtex@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares
: 25,000
Shareholders' Name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------ ---------------------------------- ----------------
Mr. Gul Tolaram Mirpuri 24,998
2,499,800.00
99.98
Ms. Susanna Wai-ping Sham 1 100.00 0.01
SINO RANK DEVELOPMENT LTD 1 100.00 0.01
*Director's Details*
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Ms. Susanna Wai-ping Sham
HKID no : D000576
(3)
Address : Rm 1405
13Fl Winner House 310 Kings Rd North Point Hong Kong
*Company Secretary*
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Ms. Rosario Armstrong Santhiyaku
HKID no : P685524 (9)
Address : Flat B Rm
33C Tower 2 Carribean Coast Tung Chung Hong Kong
Tel no :
61831700
Management: Mr. Gul Tolaram Mirpuri, Managing Director
Name Nationality
Job Description
Mr. Gul Tolaram Mirpuri Hong Kong Managing Director
*Key Personnel*
============
Mr. Gul Tolaram Mirpuri
HKID no : XA820062
(6)
Languages spoken : English
& Chinese
Address :
Rm 14A Rome Court 41 Conduit Rd Hong Kong
Responsibilities :
Handles the overall management of the company
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing of textiles, clothing, leather goods,
shoes and sports articles.
2. Sales and distribution to local and export markets.
Products: Clothing
Giftware
Leather goods
Shoes
Sports
articles
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*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.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 3 OBTAINED SCORES :
55
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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.
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
: Queens Rd
Account number : 567
823992 00
Swift code :
HSBCHKHH
SC is considered small-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 50,000
would appear to be within SC’s capacities
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2299 Textile
goods,
Trading 2300 Apparel/Other
Textile Products
Trading 3100 Leather
and Leather Products
Trading 3149 Footwear,
Trading 3199 Leather
goods,
Trading 3944 Games,
toys, and children's vehicles, except dolls and bicycles
Trading 3949 Sporting
and athletic goods, and parts,
Trading 5091 Sporting/Rec
Goods & Supplies
Trading 5092 Toys
& Hobby Goods & Supplies
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203 Articles of
apparel & access, leather & comp leather
Trading 4205 Articles of
leather
Trading 6100 Articles of
apparel & clothing accessories-knitted or crocheted
Trading 6200 Articles of
apparel & clothing accessories-not knitted or crocheted
Trading 6309 Worn
clothing and other worn textile articles
Trading 6405 Footwear
Trading 9500 Toys, games
& sports equip; parts & accessories
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Sports
articles
Trader Clothing
Trader Textiles
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Europe
Exporting to Germany
Exporting to Poland
Importing from Asia
Importing from China
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%)