MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BARTELLI LEATHER PRODUCTS LTD |
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Registered Office : |
11/Fl Hong Kong Industrial Centre - Block C4, |
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Country : |
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Date of Incorporation : |
06.10.1994 |
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Com. Reg. No.: |
493232 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchase of manufactured leather and synthetic related
products. Sales and distribution to local and export markets. |
RATING & COMMENTS
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MIRA’s 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 : |
US$ 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
BARTELLI LEATHER PRODUCTS LTD
11FL HONG KONG INDUSTRIAL CENTRE - BLOCK C4, 489-491 CASTLE PEAK RD
CHEUNG SHA WAN
TEL: 852 27867381
FAX: 852 23071658
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 6, 1994
REGISTRATION NO. :
493232
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MRS. AILEEN HUI (REPRESENTATIVE)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,279
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 :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81184 = US$1 AS OF 2007-7-4
*Company Registration*
===================
License number : 493232
Date issued : 6 October, 1994
Issuing authority : Companies Registry
Legal form : Limited Liability Company
License number : 18657819
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
*Company Name*
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Incorporated as : AUSTON ENTERPRISE LTD
Date of incorporation : 6 October, 1994
Changed name to : BARTELLI LEATHER PRODUCTS LTD
Date of change : 15 April, 1998
*Capital Details*
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Nominal capital : HKD 10,000 divided into 10,000
ordinary shares of HKD 1.00/-each, fully paid
*Office & Facilities*
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Other fax no. :
27647771
*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. Peter Ka-yue Lee can sign on behalf of the company with seal
affixed.
Website : www.egana.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail : egh@eganahk.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 : 10,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
GOLDPFEIL DISTRIBUTION &
SERVICES LTD 9,999 9,999.00 99.99
Peter Ka-yue Lee 1 1.00 0.01
*Director's Details*
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Wai-kwong Cheung
National ID no. : D257161(8)
Address : Flat 9A
Ho-yin Chik
National ID no. : D129628(1)
Address : 23B Bailey Garden - Tower
Po-yee Ho
National ID no. : D085109(5)
Address : 8D
Peter Ka-yue Lee
National ID no. : A717724(3)
Address : 9Fl A
Chung-ming Ng
National ID no. : D683941(0)
Address : 26Fl Ka Yin Bldg - Block D Ka Woo Yuen
*Company Secretary*
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EGANA FINANCE LTD
License number : 325647
Address : 11Fl
Cheung Sha Wan,
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Albert Tang
Mrs. Aileen Hui
Ms. Maggie Wu
*Key Personnel*
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Aileen Hui
Address : Flat 4 11Fl Hong Kong Industrial Centre - Block C 489-491
Tel no. :
27412008
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing and local purchase of manufactured leather and synthetic
related products.
2. Sales and distribution to local and export markets.
Carries the following brands :
- Bartelli
- Ferrano
Breakdown of sales per brand as follows :
Percentage (%) Brand
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40 Company's brand
(Bartelli and Ferrano)
60 Customer's
brand
Products :
Backpacks
Fancy goods
Key holders
Knapsacks
Leather bags
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : 40-60 days upon confirmation of an order
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales through
importers and large retail chains.
*Export Markets*
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Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : ECO
SWISS HARU MANUFACTURE CORP LTD
Address :
11Fl Hong Kong Industrial Centre - Block C 489-491
Country :
Relationship :
Affiliate
Legal Form :
Public Listed Company
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
Company Name : ECO-HARU
PROPERTY INVESTMENTS LTD
Country :
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type : Service
Industry :
Financial Services - General
Company Name : EGANA
JEWELLERY & PEARLS LTD
Address :
11Fl
Wan
Country :
Relationship :
Affiliate
Legal Form :
Public Listed Company
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
Company Name :
EGANAGOLDPFEIL
Address :
Kaiserstrasse 39-49
Country :
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Manufacturer
Industry :
Leather Goods, Tanned & Imitation
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains a factory in mainland
PAYMENT RATING :3 OBTAINED SCORES : 56
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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.
*BANK DETAILS*
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Bank Name : BANK
OF
Branch :
Central,
Branch Address : 13Fl
Bank Of
SWIFT Code :
BKCHHKHH
Bank Name :
STANDARD CHARTERED BANK
Branch :
Central,
Branch Address : 13Fl Standard
Chartered Bank Bldg 4-4A
Office)
SWIFT Code :
SCBLHKHH
As a limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with long operating
history. It is considered a credit line up to US$ 10,000 appears to be within
SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3199 Leather goods
Trading 2393
Textile bags
Trading 3100
Leather and Leather
Products
Trading 3111
Leather, tanned or
finished
Trading 3171
Women's handbags and
purses
Trading 3199
Leather goods
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4200
Articles of leather,
saddlery & harness, travel goods, handbags, articles of gut
Trading 4202210000
Handbags, whether or not with
shoulder strap, including those w/o handles, w
outer
surface of leather, composition leather, or patent leather
Trading 4202213000
Handbags, of reptile leather
Trading 4202216000
Handbags, with outer surface of leather,
composition leather, or patent leather,
valued
not over $20 each
Trading 4202910040
Other bags, with outer surface of
leather, composition leather, or patent leather
Trading 4202929040
Other bags, outer surface plastic
sheeting
Trading 4203
Articles of apparel &
access, leather & comp leather
Trading 4205
Articles of leather
Trading 5911102000
Textile products and articles, for
technical uses: other fabrics layered with rubber,
leather,
or other material
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Travel goods
Trader Shopping bags
Trader PVC handbags
Trader Leather camera cases
Trader Leather phone cases
Trader Key holders
Trader Knapsacks
Trader Leather sporting goods
Trader Synthetic leather products
Trader Leather purses
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
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 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%)