MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
B K REKHATEX (HK) LTD |
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Registered Office : |
Rm 1108-10, 11fl Wing On Plaza 62 Mody Rd Tsimshatsui
Kowloon |
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Country : |
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Date of Incorporation : |
April 18, 1980 |
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Com. Reg. No.: |
0081101 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a range of garments, electrical and electronic products,
audio, video and lighting equipment. |
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 US$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
B K REKHATEX (HK) LTD
RM 1108-10, 11FL WING ON PLAZA 62 MODY RD
TSIMSHATSUI
TEL : 852 25248100
FAX : 852 28106012
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 18, 1980
REGISTRATION NO. :
0081101
CHIEF EXECUTIVE :
MR. GIRESH GULAB MELWANI (MANAGING
DIRECTOR)
STAFF STRENGTH :
15
CAPITAL :
US$ 511,509
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 :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81718 = US$1 AS OF 2007-7-2
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 : 0081101
Date issued : 18 April,
1980
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
License number : 06960002
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 4,000,000.00 divided into 40,000 ordinary
shares at HKD 100.00/-each, fully paid
*Office & Facilities*
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Other Contact Details
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Tel nos. : 25248108 / 28680200
Fax no. : 28106158
*Reputation*
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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. Giresh Gulab Melwani can sign on behalf of the company with seal
affixed.
Website : www.portabreezefan.com The design is professional
and the content is well organized. At present it is in English version.
E-mail : sales@bkr-hk.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 : 40,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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MISTIQUE ASSOCIATES LTD
32,000 3,200,000.00 80.00
Giresh Gulab Melwani 4,000
400,000.00 10.00
Ravin G. Melwani 4,000 400,000.00 10.00
*Directors' Details*
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Ravin G. Melwani
HKID no. :
K135221(0)
Address : 7Fl
Villas Monte Rosa Block B2, 41A
Qualification : Entrepreneur
Work experience : General
Manager of BRIDISCO for serve (7) years
Sunita Gulab Melwani
HKID no. :
XA979628(A)
Address : 20Fl
Villas Monte Rosa Block B2, 41A
*Company Secretary*
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PO KWOK SECRETARIES LTD
CR No. : 73292
Address : Rm
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Giresh Gulab Melwani
*Key Personnel*
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Giresh Gulab Melwani
HKID no. :
XD642503(3)
Address :
20Fl Villas Monte Rosa Block B2, 41A
Responsibility :
Handles the overall management of the firm.
Gary Iyer
Address : 62
Mody Rd Tsimshatsui East
Tel no. :
25248108
*Main Products & Services*
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Specializes in trading a range of garments, electrical and electronic
products, audio, video and lighting equipment.
Also include the following Portabreeze brand products :
- Mini Retro Desk Fan
- Mini Scentilator
- Retro Desk Fan
- New Age Desk Fan
- Beach Fan
Products : Audio products
Beach fans
Blouses
Children's
garments
Clothes
*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)
*Exhibition Participation*
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Participated in the following local exhibitions:
Exhibition fair : Gifts &
Premium Show
Dates attended : 28 April - 1
May, 2003
Location :
Exhibition fair : Kenfair
Gifts & Toy Show
Dates attended : 21-24 October,
2003
Location :
*Trading Name*
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Although the company is legally registered by the name listed above, it
is commonly known as BKR ELECTRONICS under which it operates locally.
*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.
*International Exhibition Participation*
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Exhibition fair : Portabreeze
Collection
Date attended : August 2003
Location : American
Hardware Association Convention
*Overseas Customers*
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Major overseas customers include:
Country Company Name
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USA
SEARS ROEBUCK & CO
USA
KMART HOLDING CORP
USA
TARGET CORP
USA
BROOKSTONE INC
USA
COLEMAN CO INC, THE
Germany EDUSCHO GROUP
Scandanavia SEKO
United Kingdom MARKS & SPENCER PLC
Australia DICK SMITH ELECTRONICS PTY LTD
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED SCORES : 58
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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.
*Bank Details*
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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
As a limited liability 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. Credit in the range
of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2322 Men's
and boys' underwear and nightwear
Trading 2329 Men's
and boys' clothing
Trading 2341 Women's
girls', and infants' underwear and nightwear
Trading 2389 Apparel
and accessories
Trading 3564 Fans
and blowers, except household type; dust collection and air purification
equipment;
and parts
Trading 3600 Electronic
& Electric Equip.
Trading 3648 Lighting
equipment (including commercial)
Trading 3651 Radio
& tv receiving sets; phonographs; recorders; microphones; loudspeakers;
audio
amplifiers; & oth audio equip
Trading 3652 Phonograph,
record blanks, and prerecorded tapes
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6108920015 Women's
underwear, knitted or crocheted, of man-made fiber
Trading 6109100007 Men's
or boys' cotton underwear singlets, knitted or crocheted, all white, without
pockets,
trim or embroidery
Trading 6117 Made-up
clothing access parts etc. knit etc
Trading 6200 Articles
of apparel & clothing accessories-not knitted or crocheted
Trading 6210 Garments,
of felt etc, or fabric impregnated etc
Trading 6217 Made-up
clothing access garment etc parts
Trading 8414596095 Fans
Trading 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound
recorders,
television recorders
Trading 8512 Electric
light etc equip; windshield wipers etc, parts
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Consumer electronic equipment
Trading Desk fans
Trading Electric lighting equipment
Trading Electrical products
Trading Knitted clothes
Trading Knitwear
Trading Ladies' garments
Trading Ladies' ready-made clothes
Trading Lighting equipment
Trading Lingerie
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to UAE
Exporting to
Exporting to
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/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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This score serves as a reference to assess SCs 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%)