MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
FAR-EAST PACIFIC INT'L LTD |
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Registered Office : |
Rm 6AB, 6FL Golden Sun Centre, 59-67 Bonham Strand West
Sheung Wan Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 17, 1997 |
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Com. Reg. No.: |
0632896 |
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Legal Form : |
Private |
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Line of Business : |
Importing wide range of clothing and towels. Sale and distribution of imported products to local and overseas
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. |
Small |
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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
FAR-EAST PACIFIC INT'L LTD
RM 6AB, 6FL GOLDEN SUN CENTRE
59-67 BONHAM STRAND WEST SHEUNG WAN HONG KONG, HONG KONG.
TEL : 852-28549495
FAX : 852-29730850
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 17, 1997
REGISTRATION NO. :
0632896
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SIMON DATTA (DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78621 = 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 : 0632896
Date issued : 17
December, 1997
Issuing authority : Companies
Registry
Type of license : A company
owned by shareholders, incorporated with limited liability and confirmed with
the
respective Government authorities to
legally exist.
(2)
License number : 21435648-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
100,000.00
Paid-up capital : HKD
22,000.00 divided into 22,000 ordinary shares
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
BEST SYSTEM PROFESSIONAL SECRETARIES LTD can sign on behalf of the
company with seal affixed.
SC is not known to host website of its own at present.
E-mail: fepd@netvigator.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 : 22,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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---------------------------------
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Suresh Datta 10,000 10,000.00 45.45
Poonam Datta
10,000
10,000.00
45.45
Yogesh Datta 2,000 2,000.00 9.10
*Directors' Details*
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(1)
Suresh Datta
HKID no. : K542609(A)
Address : Flat 22B Upper Baguio
Villa - Block 25, 550-555 Victoria Rd, Pok Fu Lam, Hong Kong
(2)
Poonam Datta
HKID no. : K542611(1)
Address : Flat 22B Upper Baguio
Villa - Block 25, 550-555 Victoria Rd, Pok Fu Lam, Hong Kong
(3)
Yogesh Datta
India Passport no. : E258343
Address : Flat 22B
Upper Baguio Villa - Block 25, 550-555 Victoria Rd, Pok Fu Lam, Hong Kong
*Corporate Secretary*
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BEST SYSTEM PROFESSIONAL SECRETARIES LTD
CR No. : 226433
Address : Unit 7, 19Fl Dominion Center 43-59 Queens Rd East Wanchai Hong
Kong
Management: Mr. Simon Datta,
Director
Ms. Petrel Chow, Representative
Name Nationality
Job Description Dept. / Division
Mr. Simon Datta Hong
Kong Director Marketing
Ms. Petrel Chow Hong
Kong Representative -
*Key Personnel*
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Petrel Chow
Department : Marketing Dept
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing wide range of clothing and towels.
2. Sale and distribution of imported products to local and overseas
markets.
Products: Bathrobes
Bikinis
Blouses
Cotton dress
*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 : 55
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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 : HBZ FINANCE LTD
Branch : Hong Kong
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2006 $30,000,000.00 n/a n/a
SC is considered small-sized in its line with a development history of 10
years. A credit line up to USD 10,000 would appear to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2300 Apparel/Other
Textile Products
Trading 2335 Women's
and misses' dresses
Trading 2342 Brassieres
and allied garments
Trading 2384 Robes
and dressing gowns
Trading 2389 Apparel
and accessories,
Trading 5137 Female/Child
Clothing
Trading 5139 Footwear
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing 6104 Women's
or girls' suits, ensemb etc, knit or crocheted
Trading 4203100010 Coats
& jackets (not of reptile leather)
Trading 4203100090 Articles
of apparel
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6104 Women's
or girls' suits, ensemb etc, knit or crocheted
Trading 6104420020 Girls'
dresses, knitted or crocheted, of cotton
Trading 6106 Women's
or girls' blouses & shirts, knit or crocheted
Trading 6108910005 Women's
or girls' underwear, knitted or crocheted, cotton underpants
Trading 6109 T-shirts,
singlets, tank tops etc, knit or crocheted
Trading 6110 Sweaters,
pullovers, vests etc, knit or crocheted
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Dresses
Trader Bathrobes
Trader Jackets
Trader Sweaters
Trader Shirts
Trader Blouses
Trader Jogging
suits
Trader Jeans
Trader Pants
Trader Shoes
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Australia
Exporting to Canada
Exporting to Europe
Exporting to North America
Exporting to Oceania
Exporting to USA
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%)