MIRA
INFORM REPORT
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Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ONWARD
KASHIYAMA HONG KONG LTD |
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Registered Office : |
Unit 1208-9, 12FL |
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Country : |
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Date of Incorporation : |
May 23, 1984 |
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Com. Reg. No.: |
0134874 |
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Legal Form : |
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Line of Business : |
Manufacturing of clothing and accessories. Exporting of manufactured products.
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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 EUR 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ONWARD
KASHIYAMA HONG KONG LTD
UNIT 1208-9, 12FL LIPPO SUN PLAZA 28
TSIMSHATSUI,
TEL : 852 23672055
FAX : 852 23690498
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 23, 1984
REGISTRATION NO. :
0134874
CHIEF EXECUTIVE :
MS. JACKIE POON (EXECUTIVE SECRETARY)
STAFF STRENGTH :
25
CAPITAL :
US$ 1,088,348
BUSINESS LINE :
MANUFACTURER
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 10.497 = EUR1 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 –
*Company Registration*
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(1)
License number : 0134874
Date issued : 23 May,
1984
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company
(2)
License number : 08968214
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : KASHIYAMA
HONG KONG LTD
Date of incorporation : 23 March,
1984
Changed name to : ONWARD
KASHIYAMA HONG KONG LTD
Date of change : 1 July,
1988
Changed name to : HONG KONG
ONWARD KASHIYAMA LTD
Date of change : 4
July, 1996
Changed name to : ONWARD
KASHIYAMA HONG KONG LTD
Date of change
: 29 January, 1997
*Capital Details*
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Authorized capital : HKD 8,500,000.00 divided into 8,500,000 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.
*Approved Signatures*
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Only Masaki Murayama can sign on behalf of the company with seal
affixed.
Website : www.onward.co.jp The design is professional and the content
is well organized. At present it is in Japanese version.
E-mail : mirandal@onwardhk.com
For the past two years there is no record of litigation.
Direct / Indirect Corporate Parent Details
Direct Parent : ONWARD KASHIYAMA CO LTD
License Number : N/A
Country :
*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares : 8,500,000
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
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ONWARD KASHIYAMA CO LTD
8,499,998 8,499,998.00 100.00
Masaki Murayama
1
1.00 0.00
Makihiko Minagawa
1 1.00 0.00
Note : Masabumi Kiyohara had transferred his
share to Makihiko Minagawa on 6 July, 2006
*Directors' Details*
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(1)
Masaki Murayama
Address : Suite B1848, 18Fl New World
Apartments
(2)
Tomohiko Sakamoto
Japan Passport no : TZ0451561
Address : 6-602
Lane 16
Date of appointed : 1 March,
2007
(3)
Minoru Tanaka
Japan Passport no : MR3464422
Address : 11-18C
Meilihua Garden
*Corporate Secretary*
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STRATH NOMINEES LTD
Address : Level 28 Three Pacific Placa 1 Queen's Rd
CR no : 4873
Name Nationality
Job Description
Ms. Jackie Poon
Mr. Masaki Murayama Japanese Managing Director
*Key Personnel*
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Jackie Poon
Responsibility : Office of the
Managing Director
*Main Products & Services*
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Specializes in the following areas of work :
1. Manufacturing of clothing and accessories.
2. Exporting of manufactured products.
Products : Clothing
Clothing accessories
Knitwear
Ladies' ready-made clothes
Men's ready-made
clothes
*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 : 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 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 Name : BANK OF TOKYO-MITSUBISHI LTD
Branch : Admiralty,
Branch Address : 14Fl Admiralty Centre - Tower
SWIFT Code : BOTKHKHH
SC is considered an old-established business in small size. It is
considered a credit line up to EUR 80,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2253 Knit
outerwear
Exporting 2300 Apparel/Other
Textile Products
Exporting 2329 Men's
and boys' clothing
Exporting 2389 Apparel
and accessories
Manufacturing 2253 Knit
outerwear
Manufacturing 2300 Apparel/Other
Textile Products
Manufacturing 2329 Men's
and boys' clothing
Manufacturing 2389 Apparel
and accessories
Service 5611 Male
Clothing/Accessory Stores
Service 5621 Women's
Clothing Stores
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Exporting 6103291060 Men's
or boys' ensembles, knitted or crochetted: of artificial fibers, other apparel
Exporting 6104291070 Women's
or girls' ensembles, knitted or crocheted, of artificial fibers, other
apparel
Exporting 6114 Garments,
knitted or crocheted
Exporting 6117 Made-up
clothing access. parts etc. knit etc
Exporting 6200 Articles
of apparel & clothing accessories-not knitted or crocheted
Exporting 6217 Made-up
clothing access, garment etc parts
Exporting 6309 Worn
clothing and other worn textile articles
Manufacturing 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Manufacturing 6103291060 Men's
or boys' ensembles, knitted or crochetted: of artificial fibers, other apparel
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporting Ready-made boys clothes
Exporting Men's knitwear
Exporting Ladies knitwear
Exporting Girls' ready-made clothes
Manufacturing Clothing
Manufacturing Ready-made boys clothes
Manufacturing Men's ready-made clothes
Manufacturing Men's knitwear
Manufacturing Ladies' ready-made clothes
Manufacturing Ladies knitwear
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)