MIRA
INFORM REPORT
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Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
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Name : |
GEOX ASIA PACIFIC LTD |
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Registered Office : |
Rm 1401 Hua Qin Int'l Bldg Queen's Central Central |
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Country : |
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Date of Incorporation : |
September 1, 2004 |
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Com. Reg. No.: |
0919983 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading wide range of footwear |
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 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
GEOX ASIA PACIFIC LTD
RM 1401 HUA QIN INT'L BLDG QUEEN'S CENTRAL
TEL : 852-25434229
FAX : 852-25434223
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 1, 2004
REGISTRATION NO. :
0919983
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. DIEGO BOLZONELLO (VICE PRESIDENT)
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81688 = US$1 AS OF 2007-7-12
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 : 0919983
Date issued : 1 September,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34871556-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
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Other tel no : 25434228
*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 TENGIS LTD can sign on behalf of the company with seal affixed.
www.geox.com The design is
professional and the content is well organized. At present it is both in
English version.
E-mail: luciano.santel@geox.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares :
10,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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GEOX SPA
10,000 10,000.00 100.00
*Directors' Details*
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(1)
Enrico Moretti Polegato
Date of birth : 6 July,
1981
Place of birth : Asolo (TV)
Address : Viale
Antonini 8 Crocetta Del Montell
Other position : Director,
GEOX SPA -
(2)
Guido Pullini
Address : Casa
Capricorno Arosio
*Corporate Secretary*
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TENGIS LTD
Address : 28Fl
CR no : 41027
Management: Mr. Somaina Aldo,
General Manager
Mr. Luciano Santel, Manager
Mr. Diego Bolzonello, Vice President
Name Nationality
Job Description
Mr. Somaina Aldo Italian General Manager
Mr. Luciano Santel Italian Manager
Mr. Diego Bolzonello Italian Vice President
*Key Personnel*
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(1)
Diego Bolzonello
Date of birth : 14
November, 1958
Place of birth : Crocetta
Del Montello (TV)
Address : Via G
Fantin 103 Crocetta Del Montell
Work experience : Representative,
SHOPSCAPITAL SRL
Other positions : - CEO, GEOX
SPA -
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Representative, WORTEC SRL -
(2)
Somaina Aldo
Email address :
somaina.aldo@geox.com
(3)
Luciano Santel
Date of Birth : 12
October, 1956
Place of birth : Venezia
((VE)
Address : Via
Leonardo Da Vinci 5/D Montebelluna Treviso (TV) 31044
Email : luciano.santel@geox.com
Work experience : Representative
of the following companies:
- SOCIETA' INDUSTRIALE CREMONESE SPA
- CABER ITALIA - SPA
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Other position :
Representative of the following companies in
- WORTEC SRL
- GEOX SPA
*Main Products & Services*
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Specializes in trading wide range of footwear under the Geox brand.
Products: Footwear
Footwear,
standard
Ladies'
footwear
Men's footwear
*Brand*
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Geox
*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)
*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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 54
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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 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 with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3143 Men's
footwear; work footwear,
Trading 3144 Women's
footwear; footwear made on a basis or platform of wood, not having an
inner
sole or a protective metal toe cap
Trading 3149 Footwear,
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6400 Footwear,
gaiters, & the like
Trading 6402915045 Other
footwear with outer soles and uppers of rub/plas cov ank worn over ftwr to
protect
against water, chem, weather for women , work footwear
Trading 6402992010 Other
footwe ar with outer soles and uppers of rub/plas design to be worn over or
in
lieu of as protection against water chem weather men, work footwear
Trading 6403 Footwear,
outer sole rub, plastic or lea &
upper leather
Trading 6404 Footwear,
outer sole rub, plastic or lea & upper
Trading 6405 Footwear
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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 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%)