MIRA
INFORM REPORT
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Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NUOVA
LEATHER LTD |
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Registered Office : |
4FL |
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Country : |
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Date of Incorporation : |
January 21, 2005 |
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Com. Reg. No.: |
947321 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of leather footwear and other leather products. Sales and distribution to local and export markets. |
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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
NUOVA LEATHER
LTD
4FL
FANLING NEW TERRITORIES,
TEL : 852 26753511
FAX : 852 29477074
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 21, 2005
REGISTRATION NO. :
947321
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,280
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 :
FAIR
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.781023 = US$1 AS OF 2007-6-1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
Established Year : 1999
*Company Registration*
===================
(1)
License number : 947321
Date issued : January 21,
2005
Issuing authority : Companies
Registry
(2)
License number : 35492917
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Company Name*
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Incorporated as : GOLD
TARGET LOGISTICS LTD
Changed name to : NUOVA
LEATHER LTD
Date of change : July
12, 2005
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares
*Office & Facilities*
================
Other tel no : 29477097
*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 Ms. Annabella Siu-wai Lam can sign on behalf of the company with
seal affixed.
Website : www.nuovaleather.com
SC’s website
is unable to be landed at present for the technical reason.
E-mail : annabella@nuovaleather.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 : 2
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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Ms. Marcia Giane Fraga 1
1.00 50.00
Ms Silvania Marceli Fraga 1
1.00
50.00
Share Transfer :
Transferor
Transferee No.
of Ordinary Shares Date
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GNL05 LTD Ms. Marcia Giane Fraga 1 8 April, 2005
*Director's Details*
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Ms. Fatima Gisele De Souza
Address : Bldg 1
E-mail :
gisele@nuovaleather.com
Shareholders' Details
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Ms. Silvania Marceli Fraga
Address : Rm
1205, 12Fl
*Company Secretary*
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Ms. Annabella Siu-wai Lam
HKID no :
D221035(6)
Address : Flat C
4Fl Peace Garden
E-mail :
annabella@nuovaleather.com
*Main Products & Services*
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Specializes in the following areas of work :
1. Import of leather footwear and
other leather products.
2. Sales and distribution to
local and export markets.
Products : Leather
Leather footwear
*Payment Terms*
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Sales
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Local : Cash or Credit
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 : 51
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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.
*Financials*
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch :
Branch Address :
Swiftcode : HSBCHKHH
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 3100 Leather
and Leather Products
Trading 3111 Leather,
tanned or finished
Trading 3149 Footwear
Trading 3199 Leather
goods
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4205 Articles
of leather
Trading 4205008000 Other
articles of leather or composition leather
Trading 6403 Footwear,
outer sole rub, plastic or lea & upper leather
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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 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%)