MIRA
INFORM REPORT
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Report Date : |
09.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ITALEQUIPMENT (HK) LTD
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Registered Office : |
Unit A 2fl Centre Mark Phase 2, 305-313 Queen's Rd Central |
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Country : |
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Date of Incorporation : |
September 23, 1986 |
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Com. Reg. No.: |
0175237 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of machinery and equipment for tanning and footwear
industry |
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/normal. |
Small |
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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
ITALEQUIPMENT (HK) LTD
UNIT A 2FL CENTRE MARK PHASE 2, 305-313 QUEEN'S RD
TEL : 852-25476823
FAX : 852-28577108
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 23, 1986
REGISTRATION NO. :
0175237
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
Kwing-yan Chan
STAFF STRENGTH :
3
CAPITAL :
US$ 1,125,320
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
EXCHANGE RATE :
HKD 7.81322 = US$1 AS OF
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*
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(1)
License number : 0175237
Date issued : 23
September, 1986
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Limited
Liability Company
(2)
License number : 10530803-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
============
Authorized capital : HKD 8,800,000.00 divided into 8,800,00 ordinary
shares at HKD 1.00/-each, fully paid.
*Office & Facilities*
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Other Contact Details
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Tel nos : 28110181
Fax nos : 25169727
Email address : hueni@hkstar.com , itqhk@hknet.com
*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. Kwing-yan Chang can sign on behalf of the company with seal
affixed.
www.italequipment.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: info@ital-tec.it
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 :
8,800,000
Shareholders' Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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Francesco Fioretti
4,400,000
4,400,000.00 50.00
Kwing-yan Chan
4,400,000
4,400,000.00
50.00
*Directors' Details*
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(1)
Kwing-yan Chan
HKID no. : C611644(0)
Responsibility : Handles the overall
management of the company.
Address : Flat F 24Fl
(2)
Francesco Fioretti
Italian passport no. : M274793
Address : Via C
D'Adda 1 Milano Milano (MI) 20143
*Company Secretary*
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EVERBEST SECRETARIAL LTD
CR. number : 160492
Address : Rm 1705-6, 17Fl
President Commercial Centre
SC declined to release its management details at present.
*Main Products & Services*
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Engaged in distribution of machinery and equipment for tanning and
footwear industry, under the following brand names:
- BERGI-OFB
- MOSCONI
- RIZZ
Products: Machinery
Tanning
machinery
*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.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : ITALEQUIPMENT (ITALIA) SRL
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Machinery
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 SMALL 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 small-sized in its line. It is considered a credit line
up to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3500 Industrial
Machinery & Equipment
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8453100000 Machinery
for preparing, tanning or working hides, skins, or leather
Trading 8479 Machines
etc having individual functions, parts
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from
Importing from
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%)