MIRA
INFORM REPORT
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Report Date : |
13.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MARUBENI TEXTILE ASIA PACIFIC LTD |
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Registered Office : |
20FL Admiralty Centre - Tower 1, |
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Country : |
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Date of Incorporation : |
21 September, 1984 |
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Com. Reg. No.: |
141687 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of textile, cotton, yarn, PVC materials and other related
products. |
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 : |
Up To USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
MARUBENI TEXTILE ASIA PACIFIC LTD
20FL ADMIRALTY CENTRE - TOWER 1,
TEL : 852-28763600
FAX : 852-23770905
EXECUTIVE SUMMARY
INCORPORATION DATE : 21
SEPTEMBER, 1984
REGISTRATION NO. :
141687
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
20
CAPITAL :
US$ 10,000,000
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
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*
===================
(1)
License number : 141687
Date issued : 21
September, 1984
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
Registration
(2)
License number : 09242609
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Registration
*Company Name*
==============
Incorporated as :
PASSPORT FASHION CO LTD
Date of incorporation : 21
September, 1984
Changed name to : MARUBENI
TEXTILE ASIA PACIFIC LIMITED
Date of change : 15
March, 2006
*Licenses & Permits*
=================
License number : 468719
*Capital Details*
=============
Share value : USD 1.00/-each
Authorized capital : USD
10,000,000.00
Paid-up capital : USD
1,250,000.00
*Office & Facilities*
================
Other tel no : 23770905
*Corporate & Organization Structure*
=============================
Organizational Chart
---------------------------
Chairman & Managing Director
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Board of Directors
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Business
Machinery
Metal Energy Chemical & | |
Administration
Division I
Division Division Energy Division | |
Division
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| | |-- Chemical
Sec. |
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| |--
Machinery Sec. |-- Metal Sec. |-- Energy Sec. |-- Plastic Sec. | |
|-- Human Resources Sec.
|-- Retails Products
Sec | |
|-- Administration Sec.
|-- Vinyl Alkali Sec. | |
|--Communication Network Sec. | |
|-- Credit & Affiliates Affairs Sec.
Paper & Pulp Sec. --| |
|-- Traffic & Delivery Sec.
General Merchandise/--| |
|-- Finance Sec.
Food & Construction Sec. |
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|--Trade Finance Sec.
|-- Accounting Sec. Business
& Project Development Dept. --|
|-- Business Consulting Sec.
IT Business Development Team --|
Finance
& Logistics Business Team --|
Marubeni Guangzhou --|
Marubeni Shenzhen --|
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
===================
Mr. Hiroyuki Katsura can sign on behalf of the company with seal
affixed.
www.marubeni.com.hk The design
is professional and the content is well organized. At present it is both in
Chinese and English versions.
E-mail: kapsura-hiro@hkjimarubeni.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 :
1,250,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(USD) % of Shares
--------------------------
-------------------------------
---------------------------------
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MARUBENI CORP
1,000,000
1,000,000.00
80.00
MARUBENI HONG KONG & SOUTH
*Director's Details*
===============
(1)
Masashi Hashimoto
Passport no. :
TZ0273427
Address : Rm
705, 2-24-1 Nishihara, Shibuya-ku,
Date of appointment : 16 April, 2007
(2)
Hisatsugu Hirai
HKID no. :
P679627(7)
Address :
(3)
Takashi Kono
Passport no. :
TG3515554
Address :
3-14-4 Hinomine, Kita-ku, Kobe-shi, Hyogo
(4)
Pui-king Lo
HKID no. :
G588935(8)
Address :
Flat H 13Fl
(5)
Takuya Yoda
Passport no. :
TG0127227
Address :
6-6-21-509 Shinohara-Minami, Nada-ku, Kobe-shi, Hyogo
Date of appointment : 16 April, 2007
*Corporate Secretary*
=================
DEODAND (NOMINEES) LTD
C. R. no. : 16756
Address : Rm 3501, 35Fl
Name Nationality
Job Description
Mr. Hiroyuki Katsura Japanese Managing Director
Management : Mr. Hiroyuki Katsura, Managing Director
*Key Personnel*
=============
Hiroyuki Katsura
Passport no. :
TG6151414
Email :
kapsura-hiro@hkjimarubeni.com
Responsibilities : Handles
the overall management of the company
*Main Products & Services*
======================
Specializes in trading of textile, cotton, yarn, PVC materials and other
related products.
Products: Cotton
Fabrics
PVC materials
Textile goods
Textiles
*Payment Terms*
==============
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*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Majority of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : DAGANGTERUS SDN BHD
Address : 5Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Importer
Industry : Machinery
Company Name : MARUBENI AMERICA CORP
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Chemicals
Company Name : MARUBENI ARGENTINA SA
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI AUSTRALIA LTD
Address : Level 22 Capital Centre
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Financial Services - General
Company Name : MARUBENI BRASIL SA
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI CANADA LTD
Address : Rm 1630
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Consumer Products
Company Name : MARUBENI EUROPE PLC
Address : 120 Moorgate London EC2M6SS
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Beverages
Company Name : MARUBENI FRANCE SA
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI INDIA LTD
Address : 25 Mittal Chambers Nariman Point Mumbai (
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Agricultural Products
Company Name : MARUBENI IRAN CO LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI KOREA CORP
Address : Rm 1306 Kyobo Life Insurance Bldg 1 Chongro 1-ga Chongno-gu
Seoul 110714 South Korea
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Consumer Products
Company Name : MARUBENI MEXICO SA DE CV
Address : Paseo dela Reforma 116-1101
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Chemicals
Company Name : MARUBENI NEW ZEALAND LTD
Address : Level 14
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Metals & Metal Products
Company Name : MARUBENI PAPUA NEW GUINEA LTD
Address : c/o BLAKE DAWSON WALDRON LAWYERS 4Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Petrochemicals
Company Name : MARUBENI PHILIPPINES CORP
Address : 8Fl L V Locsin Bldg
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : MARUBENI SAUDI ARABIA CO LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Construction & Construction Materials
Company Name : MARUBENI SINGAPORE PTE LTD
Address : Hong Leong Bldg 16 Raffles Quay #30-00 048581
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Consumer Products
Company Name : MARUBENI TAIWAN CO LTD
Address : 3Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Consumer Products
Company Name : MARUBENI THAILAND CO LTD
Address : 10Fl Sindhorn Bldg Tower II 130-132 Wittayu Rd Lumpini Pathum
Wan
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Consumer Products
Company Name : PASSPORT FASHION CO LTD -
Address : 7Fl
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Textiles & Raw Material
Company Name : PASSPORT FASHION CO LTD -
Address : Rm A, 21Fl Zaofeng Universe Bldg 1800 Zhongshan Rd West Xuhui
Dist Shanghai 200233
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Textiles & Raw Material
*Strategic Partners & Alliances*
=========================
Group name : MARUBENI Group
Group members : - MARUBENI FOOTWEAR RESOURCES LTD
- MARUBENI (
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MARUBENI (
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MARUBENI TRADING (SHENZHEN) LTD
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MARUBENI HONG KONG & SOUTH CHINA LTD
- MARUBENI VENEZUELA CA
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MARUBENI CORP - COLOMBO LIAISON REPRESENTATIVE
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MARUBENI CHILE LTD
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MARUBENI DEUTSCHLAND GMBH
- MARUBENI BENELUX SA
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MARUBENI ITALIA SPA
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MARUBENI IBERIA SA
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MARUBENI SCANDINAVIA AB
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MARUBENI HUNGARY LTD
- MARUBENI NIGERIA LTD
-
MARUBENI CHINA CO LTD
PAYMENT RATING : 3 OBTAINED SCORES : 60
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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 MODERATE amounts
depending on individual judgement experience.
As a limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financial.
*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
SC is considered an old-established business with stable development
trend. It is considered a credit line up to USD 100,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2261 Finish
Cotton Fabrics
Trading 2281 Yarn,
spun, of cotton, man-made fibers, and silk
Trading 2282 Yarn
Mills
Trading 2299 Textile
goods,
Trading 2399 Fabricated
textile products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5000 Silk,
inc. yarns & woven fabrics thereof
Trading 5200 Cotton,
inc. yarns & woven fabrics thereof
Trading 5202 Cotton
waste (including yarn waste etc.)
Trading 5204 Cotton
sewing thread, retail packed or not
Trading 5400 Man-made
filaments, inc. yarns & woven etc.
Trading 5510 Yarn
(no sew thread), art staple fib, not retail
Trading 5608 Knotted
net of twine etc; fish net etc of textiles
Trading 5911 Textile products etc. for
specific tech uses
Trading 6307 Made-up
articles of textile materials
Trading 6307909500 Other made-up articles of textile material
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Fabrics
Trader Twisted
yarns
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
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%)