MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
CARREFOUR GLOBAL SOURCING ASIA LTD |
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Registered Office : |
46FL |
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Country : |
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Date of Incorporation : |
November 21, 1995 |
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Com. Reg. No.: |
0531333 |
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Legal Form : |
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Line of Business : |
Acts as a buying office for CARREFOUR Group and provides archive administration
services. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To US$ 15,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
CARREFOUR GLOBAL SOURCING ASIA LTD
46FL
WANCHAI HONG KONG,
TEL : 852 25866333
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 21, 1995
REGISTRATION NO. :
0531333
CHIEF EXECUTIVE :
MR. JOSE ANTONIO BASCON (MANAGING DIRECTOR)
STAFF STRENGTH :
27
CAPITAL :
US$ 100,038,363
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
WELL-KNOWN
EXCHNAGE RATE :
HKD 7.81954 = US$1 AS OF 2007-7-17
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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License number : 0531333
Date issued : 21
November, 1995
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
License number : 19577246
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
.
*Company Name*
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Incorporated as :
CARREFOUR HYPERMARKET HONG KONG LTD
Date of incorporation : 21
November, 1995
Changed name to : CARREFOUR
HONG KONG LTD
Date of change : 11
January, 1996
Changed name to : CARREFOUR
GLOBAL SOURCING ASIA LTD
Date of change : 3
January, 2001
*Capital Details*
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Authorized capital : HKD 782,300,000.00 divided into 782,300,000
ordinary shares at HKD 1.00/-each, fully paid
*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.
Website : www.carrefour.com It is the website
of its group. The design is professional and the content is well organized. At
present it is in English version.
E-mail : jose_bascon@carrefour.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares :
782,300,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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MILDEW BV
578,902,000 578,902,000.00 74.00
CARREFOUR
INTERCROSS ROADS BV 1
1.00 0.00
*Director's Details*
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Didier Emmanuel Roger Carmeille
Nationality :
ID/Passport No. : 04AE32360
Address : 10Fl Block 7, 28
*Company Secretary*
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TENGIS LTD
C. R. no. : 41027
Address : 28Fl
*COMPANY MANAGEMENT*
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Name Nationality Job Description
Mr. Jose Antonio Bascon French
Managing Director
*Key Personnel*
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Mr. Jose Antonio Bascon
Email : jose_bascon@carrefour.com
Address : House
Responsibility : Handles
the overall management of the company
*Main Products & Services*
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Acts as a buying office for CARREFOUR Group and provides archive
administration services.
Products : Archive administration
Buying
office
*Strategic Partners & Alliances*
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Group name : CARREFOUR
GROUP
No. of employees : 430,000
(worldwide)
300 (
Other details : The group
established buying office in
PAYMENT RATING : 3 OBTAINED SCORES : 65
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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
FAIRLY LARGE amounts depending on individual judgement experience.
*Bank Details*
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Bank Name : BNP PARIBAS -
Branch : Central,
Branch Address : 59-63Fl Two Int'l Finance Centre 8 Finance St Central
Hong Kong (Head Office)
SWIFT Code : BNPAHKHH
As a limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
Credit amount: usd15,000,000.00
SC is well-known in its industry with fairly good background. A credit
line up to the above amount appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc
repairs
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%)