MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
INTERMAC GARMENTS LTD |
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Registered Office : |
2FL Cnt Group Bldg - East Wing, 822 Lai Chi Kok Rd Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 20, 1995 |
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Com. Reg. No.: |
0518178 |
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Legal Form : |
Private |
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Line of Business : |
Import and distribution a wide range of woven outerwear. |
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. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
INTERMAC GARMENTS LTD
2FL CNT GROUP BLDG - EAST WING
822 LAI CHI KOK RD KOWLOON, HONG KONG.
TEL : 852-27420291
FAX : 852-27850524
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 20, 1995
REGISTRATION NO. :
0518178
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DAVID WAI-WING HO (CHAIRMAN)
STAFF STRENGTH :
30
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75068 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
===================
(1)
License number : 0518178
Date issued : 20 June,
1995
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 19187649-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Registrar*
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WELLKUT SECRETARIES (HK) LTD
*Capital Details*
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Authorized capital : HKD
10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid
*Office & Facilities*
===============
David Wai-wing Ho
Founder :
Co-founder
National ID no :
G042134(A)
Address : 2Fl
CNT Group Bldg - East Wing 822 Lai Chi Kok Rd, Kowloon Hong Kong
Other e-mail : elsa@img.com.hk
img@img.com.hk
*Reputation*
==========
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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Mr. David Wai-wing Ho can sign on behalf of the company with seal
affixed.
www.intermac.com.hk The design
is professional and the content is well organized. At present it is in English
version.
E-mail: woven@intermac.com.hk
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 : 10,000
Shareholders' Name No.
of Ordinary Shares Amount of
Shares (HKD) % of Shares
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-------------------------------
----------------------------------
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David Wai-wing Ho 7,500 7,500.00 75.00
Chi-hang Ho 2,500
2,500.00
25.00
*Director's Details*
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Chi-hang Ho
Founder :
Co-founder
National ID no : Z365694(3)
Address :
2Fl CNT Group Bldg - East Wing 822 Lai Chi Kok Rd, Kowloon Hong Kong
*Company Secretary*
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David Wai-wing Ho
Founder :
Co-founder
National ID no :
G042134 (A)
Address :
2Fl CNT Group Bldg - East Wing 822 Lai Chi Kok Rd, Kowloon Hong Kong
SC management details are not available at present.
*Main Products & Services*
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Specializes in the import and distribution a wide range of woven
outerwear.
Products: Blouses
Boy's shirts
Boy's sport
coats
Boy's sport
jackets
Boy's sports
shirt
*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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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 46
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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.
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 : HANG SENG BANK
LTD
Branch : Kowloon Bay,
Kowloon
Swift code : SCBLHKHH
SC is considered small-sized in its line with a development history of
12 years. A credit line up to USD 5,000 appears to be within SC’s capacities
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2253 Knit
outerwear
Trading 2300 Apparel/Other
Textile Products
Trading 2311 Men's and
boys' suits and coats, except raincoats
Trading 2321 Men's and
boys' shirts
Trading 2329 Men's and
boys' clothing,
Trading 2337 Women's and
misses' suits, skirts, and coats
Trading 2361 Dresses/Blouses/Shirts,
child
Trading 5137 Female/Child
Clothing
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100010 Coats
& jackets (not of reptile leather)
Trading 4203104030 Men's
and boys coats and jackets of leather or of composition leather, except of
reptile
Trading 4203104060 Women's,
girls' and infants coats and jackets 0f leather or of composition leather
except
of reptile
Trading 6101 Men's
or boys' overcoats etc, knit or crocheted
Trading 6102 Women's
or girls' overcoats etc, knit or crocheted
Trading 6106 Women's
or girls' blouses & shirts, knit or crocheted
Trading 6109 T-shirts,
singlets, tank tops etc, knit or crocheted
Trading 6109100015 Boys'
other t-shirts of cotton, knitted or crocheted
Trading 6109100042 Women's
or girls' t-shirts of cotton, knitted or crocheted
Trading 6110201025 Men's
or boys' other pullovers, sweatshirts, and similar articles, of cotton, knitted
or
crocheted, greater than or equal to 36 percent of flax fibers
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Boy's
shirts
Trader Boy's sports
shirt
Trader Boy's sport
coats
Trader Boys
t-shirt
Trader Fur
jackets
Trader Girls
blouses
Trader Girls golf
jackets
Trader Girls
jackets
Trader Girls'
shirts
Trader Girls'
t-shirts
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from Asia
Importing from China
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. |
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%)