MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
MONARCH INT'L LTD
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Registered Office : |
5FL Kundamal House 2-4 Prat Ave
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.04.1967 |
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Com. Reg. No.: |
0014169 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Exporting
plastic products, garment accessories, toys, household articles, cosmetics,
gift items and other related products.
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RATING & COMMENTS
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MIRAs 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 USD 45,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
name &
ADDRESS
MONARCH INT'L LTD
5FL KUNDAMAL HOUSE
2-4 PRAT AVE TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852 23672688
FAX: 852 23697247
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 25, 1967
REGISTRATION NO. :
0014169
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MANOJ NANIK MOHANANI (CHAIRMAN)
STAFF STRENGTH :
34
CAPITAL :
US$ 257,400
BUSINESS LINE :
EXPORTER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 45,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.79621 = US$1 AS OF 2007-1-9
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 : 0014169
Date
issued : 25 April, 1967
Issuing authority : Companies Registry
Type of
License : Corporate
(2)
License
number : 02273071
Issuing
authority : Inland Revenue Dept.
Type of
License : Business
*Capital
Details*
=============
Authorized
capital : HKD 2,000,000.00 divided into 20,000 shares at HKD 100.00/-each,
fully paid
*Corporate
& Organization Structure*
=============================
A
small-size company operated and managed by an experienced team of
professionals.
*Factories,
Size & Locations*
========================
The
company is a trading house which out-sources all orders to third party
factories located in China. Hence there are no production facilities directly
owned by the company
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
Website
: www.monarch-hk.com
E-mail :
info@monarch.com.hk
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Total
number of shares : 20,000
Shareholders'
Name No of
Shares Amount (HKD) % of Shares
--------------------------
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Undisclosed
investors
9,000
900,000.00 45.00
Mr.
Manoj Nanik Mohanani
9,000 900,000.00 45.00
Mr.
Shaku Nanik Mohanani
2,000
200,000.00 10.00
*Director's
Details*
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(1)
Mr.
Shaku Nanik Mohanani
HKID
no : XA270237(9)
Address : Flat B 8Fl Grandeur Villa -
Block 4, 21 Tat Chee Ave Kowloon Hong Kong
(2)
Mr.
Reyna Manoj Mohanani
HKID
no : XG458109(5)
Address : Flat B 8Fl Grandeur Villa -
Block 4, 21 Tat Chee Ave Kowloon Hong Kong
Name Nationality
Job Description
Mr.
Ameen Lo Hong
Kong Manager Marketing
Mr.
Manoj Nanik Mohanani Indian General Manager
*Key
Personnel*
============
Mr.
Manoj Nanik Mohanani
Founder : Co-founder
HKID
no : XG447481(7), National
ID No
Address : Flat B 8Fl Grandeur Villa -
Block 4, 21 Tat Chee Ave Kowloon Hong Kong
Work
experience : More than 30 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
Relationship : Son of the late Co-founder, Mr. Nanik Tourmal Mohanani
*Company
Secretary*
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WAISHAN
(NOMINEES) LTD
CR
no : 198287
Address
: 903A Nan Dao Commercial Bldg 359-361 Queen's Rd Central Hong Kong
*Main
Products & Services*
======================
Specializes
in exporting plastic products, garment accessories, toys, household articles,
cosmetics, gift items and other related products.
Products
: Baby care products
Bags
Clothing
accessories
Electrical
appliances
Fashion
accessories
*Payment
Terms*
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Sales
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Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30 - 90 days Credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Charge*
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Amount :
HKD 10,926,000.00
*Local
Distribution Network*
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There is
no record of local sales since the prime focus of the firm's activity is
concentrated on exports only.
*Export
Markets*
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100% of
the annual turnover is attributed to export
*(Subsidiaries
, Joint-ventures & Affiliates)
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Company
Name : MONARCH INT'L LTD - GUANGZHOU OFFICE
Global
Identifier : P0891058
Address
: Unit 704, 7Fl Hong Fu Loi Int'l Bldg 313 Yan Jiang Zhong Rd Guangzhou 510120
Guangdong China
Country
: China
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Manufacturer
Industry
: Plastics & Products
Company
Name : MONARCH INT'L LTD - HANGZHOU OFFICE
Global
Identifier : P0891078
Address
: Unit 6035, 6Fl Wushan Plaza Town 9 Yan'an Rd Hangzhou 310002 Zhejiang China
Country
: China
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Manufacturer
Industry
: Plastics & Products
*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Maintains
operations in the following country/region:
- South
Africa
- South
America
- USA
- Europe
PAYMENT RATING : 3 OBTAINED SCORES : 55
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Rating
Key |
Implication |
Implications |
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1 |
Scores
85100 |
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
private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered an old established business with stable
development trend. It is considered a credit line up to USD45,000 appears to be
within SCs capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2389
Apparel and accessories
Exporting 2678
Stationery products
Exporting 2821
Plastics materials and
resins
Exporting 2844
Toilet preparations
Exporting 3086
Plastics Foam Products
Exporting 3089
Plastics products
Exporting 3149
Footwear
Exporting 3171
Women's handbags and
purses
Exporting 3172
Personal goods, of
leather, except handbags and purses
Exporting 3639
Household appliances, and
parts
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 3300
Oils & resinoids,
perfumery, cosmetic or toilet preparations
Exporting 3307900000
Depilatories and other perfumery,
cosmetic or toilet preparations
Exporting 3900
Plastics & articles
thereof
Exporting 3924905000
Household articles & toilet
articles, of plastic
Exporting 3926
Articles of plastics (inc
polymers & resins)
Exporting 3926205000
Articles of apparel & clothing
accessories, of plastic
Exporting 4202
Travel goods, handbags,
wallets, jewelry cases etc
Exporting 4202926000
Other bags, of cotton
Exporting 4819504040
Rigid boxes and cartons of paper or
paperboard
Exporting 6217
Made-up clothing access,
garment etc parts
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Festival
articles
Exporting Flexible
board
Exporting Games
Exporting Garment
accessories
Exporting Gifts
Exporting Household
products
Exporting Houseware
products
Exporting Leisure
articles
Exporting PVC
foam sheets
Exporting PVC
foams
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to USA
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/normal. |
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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