MIRA
INFORM REPORT
|
Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
TATA SOUTH-EAST ASIA LTD |
|
|
|
|
Registered Office : |
Unit 6-8, 25FL |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
September 22, 1992 |
|
|
|
|
Com. Reg. No.: |
0380751 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import of a wide range of footwear, tableware, bicycle, steel and raw materials
like leather. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Up To USD 400,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name &
address
TATA SOUTH-EAST ASIA LTD
UNIT 6-8, 25FL
TEL : 852-27519747
FAX : 852-27546672
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 22, 1992
REGISTRATION NO. :
0380751
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ASHWANI GOEL (GENERAL MANAGER)
STAFF STRENGTH :
18
CAPITAL :
US$ 2,046,036
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
COMPETITIVE
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81688 = US$1 AS OF 2007-7-11
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company History*
===============
1993 - 2003 - Started
business operation for steel and mineral products.
-
Started importing from china.
- Established a
representative office in
2004 - 2005 - Established an
office in
*Company Name*
==============
Incorporated as : TATA
EXPORTS SOUTH-EAST ASIA LTD
Date of incorporation : 22
September, 1992
Changed name to : TATA
SOUTH-EAST ASIA LTD
Date of change : 16
July, 1997
*Company Registration*
===================
(1)
License number : 0380751
Date issued : 22
September, 1992
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
(2)
License number : 16128131-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value : HKD
10.00/-each
Authorized capital : HKD
16,000,000.00
Paid-up capital : HKD
8,510,700.00 divided into 851,070 ordinary shares
*Office & Facilities*
================
Other contact details
----------------------------
Tel nos. : 27511802, 2624952 , 27511802 , 22725421 , 22725400
Fax no. : 27596332
Previous address : Rm
*Corporate & Organization Structure*
=============================
The company is the International Trading Arm of the USD 9 Billion TATA
Group.
*Charge*
========
- Obtained a total amount of HKD 2,983,141.30 of mortgages and charges.
*Approved Signatures*
===================
Only Mr. Syamal Gupta can sign on behalf of the company with seal
affixed.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: murali@tatahk.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders
: 2
Total number of ordinary shares : 851,070
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
------------------------------
---------------------------------
--------------
TATA INT'L LTD
851,066
8,511.00
100
Hoshie Hirji Malgham 4 40.00 0
*Directors' Details*
===============
(1)
Raman Dhawan
Passport no. : P-IND-21694804
Address : 28A
(2)
Syamal Gupta
Passport no. : F4904666
Address :
(3)
Farikh N. Subedar
Passport no. : F-1649485
Address : Ground Fl Wadia
Bldg
Shareholders' Details
-----------------------------
Hoshie Hirji Malgham
Address : 309 Cumballa Crest
*Company Secretary*
=================
SEKOTS SECRETARIAL SERVICES LTD
Address : 16-19Fl Prince's Bldg
CR no. : 28739
Management: Mr. Ashwani Goel, General Manager
Name Nationality
Job Description
Mr. Ashwani Goel
*Key Personnel*
=============
Ashwani Goel
Tel no. : 92600874
Other tel no. : (86)136002202718
E-mail : agoel@tatahk.com
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Import of a wide range of
footwear, tableware, bicycle, steel and raw materials like leather.
2. Wholesale and distribution to
local and export market.
Products: Bicycles
Footwear
Leather hides
Leather skins
Steel
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export worldwide.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : TATA SOUTH-EAST ASIA LTD -
Address : 10 D
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Service
Industry : Professional Services
*Strategic Partners & Alliances*
=========================
Group name : TATA Group
Other details : - The largest private sector group in
- The business
interests of the Group range from steel, power, cement, chemicals, textiles in
the
core sector
to consumer non-durables and services.
- The
office network of the Group spreads to over 40 locations worldwide.
- The group maintains 1,613
employees.
PAYMENT RATING : 3 OBTAINED SCORES : 70
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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*
==========
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 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 USD 400,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2499 Wood
products,
Trading 3100 Leather
and Leather Products
Trading 3111 Leather,
tanned or finished
Trading 3499 Fabricated
metal products,
Trading 3751 Motorcycles,
bicycles, and parts,
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4100 Raw
hides & skins & leather
Trading 4107 Leather
of animals, no hair
Trading 4419 Tableware
and kitchenware, of wood
Trading 6405 Footwear
Trading 7308 Structures
& parts thereof, of iron or steel
Trading 8712004000 Bicycles
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Leather
hides
Trader Leather
skins
INTERNATIONAL TRADE
: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)