MIRA
INFORM REPORT
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Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
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Name : |
KOHLER ASIA PACIFIC LTD. |
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Registered Office : |
Room 12, 33/F, Tower 1, Time Square, |
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Country : |
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Date of Incorporation : |
22-2-1994 |
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Com. Reg. No.: |
466564 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of bathroom & kitchen equipment &
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KOHLER ASIA PACIFIC LTD.
ROOM 12, 33/F, TOWER 1, TIME SQUARE,
TEL : 852 28022183
FAX : 852 28022162
EXECUTIVE SUMMARY
INCORPORATION DATE :
22-2-1994
REGISTRATION NO. :
466564
REGISTERED LEGAL FORM :
PRIVATE LIMITED CO.
CHIEF EXECUTIVE : KOHLER JR. HERBERT V.
(DIRECTOR)
STAFF STRENGTH :
20
AUTHORIZED CAPITAL
: HK$10,000 = 10,000 SHARES @HK$1.-
PAID-UP CAPITAL
: HK$2
BUSINESS LINE :
TRADING OF BATHROOM & KNICHEN EQUIPMENT & PRODUCTS
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81910= USD1 AS OF 2007-05-08
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
Your given name is not on the companies list of
Companies Registry.
Based on your given address, we believed that your search
target is the heading one.
SC is a private limited company registered under
incorporation file no. 466564 on 22-2-1994.
SC's shareholders & directors are shown to be as
follows:
Shareholders (as at 22-2-2007) Number
of shares held
- Kohler Company 1
- Kohler Jr. Herbert V. 1
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2
==
Directors
(as at 22-2-2007)
- Cheney Jeff / 025633664
- Kohler Jr. Herbert V. / 020854-404
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The above registration information is based on SC's annual
return filed at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced
& noted within last 2 years.
Kohler Co., shareholder, whose partial information is as
follows:
Year established : 1873
Registered/business
address : Kohler,
Business
line : As a holding
co. with diverse interests in 1) manufacturing & trading of bathroom &
kitchen equipment & products; 2)
manufacturing of engines & generators 3)
operation of resort & recreation
No. of employees : 31,000
Civil litigation & winding-up petition : None in our
database
Turnover : US$3,000M (group, year ended
31-12-2005)
Kohler Jr. Herbert V., director:
- In his late 50's
- He is by American nationality
- Also currently chairman, CEO & president of Kohler Co.
Currently residing in
Registered residential address:
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Tay Ling Kuan Derrick, director:
- He is by Singaporean nationality
- Embarked upon his career to present field as an executive
trainee in his mid 20's
- Also currently president of Kohler's group Asia Pacific
Region
Currently residing in PR China & only visits
Registered residential address: House 46, Hong Mei Villa,
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 2 Obtained scores : 77 (see explanatory notes
below)
Keys : 1 : scores 81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history & trade
reputation, business experience & track record, market connection and
management skill.
As per current co. search, total amount of indebtedness of
SC in respect of all mortgages and charges which are required to be registered
with Companies Registry as at 22-2-2007 was nil.
Banking relations are maintained principally with: HSBC.
This section will contain the civil litigations &
winding-up petitions filed against SC for the last 6 years (as stored in our
database), and the mortgage/charge records filed by SC for the last 2
years. In
Civil litigation/winding-up
petitions : None in our
database.
Mortgage/charge record(s) : None filed since its incorporation date.
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments
habits and ability to pay. It is based
on the 3 weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade
payment experience : SC
did not provide any name of trade/service suppliers and we have no other
sources
to conduct the enquiry at present.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Business categories :
SC is engaged in trading of bathroom & kitchen equipment
& products.
Items available include toilet seats, showers, sinks,
flushometers, faucets & others accessories.
A portion is sold under its own brand(s) `Kohler'.
Principal purchases :
Major types of sourcing :
Merchandise
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Wholesalers & retailers
Selling terms :
COD & credit of 30 days
Overseas--buying countries :
Nil
Selling terms :
Nil
Total number of employees : 20.
Location : Maintaining its office at the heading business
address which occupies a gross area of 3,000 square feet at a commercial
building in a commercial & shopping district.
Condition inside the premises
during our visit :
Office/factory layout : Standard.
The premises is rented.
SC is not known to have any subsidiary at
present.
From all indications, SC is believed to have made a steady and
successful trend of development. Credit
in the range of moderate amount can be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources
consulted indicate that SC was not involved in any property transaction (both
purchase & disposal) in
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%)