MIRA
INFORM REPORT
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Report Date : |
27.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ADVENDISE LIMITED |
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Registered Office : |
RM 105, 1FL Keybond Commercial Bldg 38 Ferry St Jordan
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.01.2005 |
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Com. Reg. No.: |
0943573 |
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Legal Form : |
Private |
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Line of Business : |
Import of a wide range of sporting and outdoor products. |
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 : |
USD 1,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name and address
ADVENDISE LTD
RM 105, 1FL KEYBOND COMMERCIAL BLDG
38 FERRY ST JORDAN KOWLOON, HONG KONG.
TEL: 852-31651339 FAX: 852-35250879
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 5, 2005
REGISTRATION NO. : 0943573
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. SUNIL RAMNATH IYRE (CHAIRMAN)
STAFF STRENGTH : 3
CAPITAL : US$ 1,284
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 1,000
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.78198 = 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*
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(1)
License number : 0943573
Date issued : 5 January, 2005
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 35240380-000
Date issued : N/A
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 10,000.00
Paid-up capital : HKD 1.00 divided into 1 ordinary share
*Office & Facilities*
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Other tel nos. : 35251161; 91084767
*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 Mr. Sunil Ramnath Iyre can sign on behalf of the company with seal affixed.
www.advendise.com The design is professional and the content is well organized. At present it is in English version.
E-mail: sales@advendise.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of ordinary share : 1
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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Sunil Ramnath Iyre 1 1.00 100.00
*Company Secretary*
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Sunita Bakhru
HK ID number : P599740(6)
Address : Rm 6, 20Fl Foon Yan House Tung Yan Court Shaukei, Hong Kong
*Key Personnel*
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Sunil Ramnath Iyre
HK ID number : P213069(A)
Address : 706 Hong Lai House Hong Yap Court Tak Tin 3 St, Lam Tin, Kowloon Hong Kong
Tel number : 91084767
Responsibility : Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work:
1. Import of a wide range of sporting and outdoor products.
2. Sales and distribution of purchased products to international market.
Products: Basketballs
Body boards
Boxing stands
Fitness products
Grill machines
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T)
*Quality Certification*
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Obtained the following certifications:
- CE
- GS
- UL
- FCC
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export to 70 countries worldwide.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factories in Ningbo and Guangzhou, China with over 1,000 employees.
PAYMENT RATING : 3 OBTAINED
SCORES : 51
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Rating Key |
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 : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Account number : 851050750001
Branch : Tsim Sha Tsui
Swift code : HSBCHKHH
SC is considered small-sized in its line with a short history. Taking into consideration of SC’s general performance, a credit line up to USD 1,000 would appear to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3949 Sporting and athletic goods, and parts,
Trading 5091 Sporting/Rec Goods & Supplies
Trading 5092 Toys & Hobby Goods & Supplies
Trading 5941 Sporting Goods/Bike Shops
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 6602 Walking-sticks, seat-sticks, whips, riding-crops
Trading 8516606000 Cooking apparatus, electric: hot plates, grillers, roasters, boiling rings, etc.
Trading 9019 Mech-ther, massage, psych test, ozone app etc, parts
Trading 9029108000 Revolution counters, production counters, odometers, pedometer
Trading 9500 Toys, games & sports equip; parts & accessories
Trading 9503 Toys; scale models etc; puzzles; parts etc
Trading 9503900010 Toy kites
Trading 9506 Articles & equip for sports etc; pools; parts
Trading 9506114000 Snow skis
Trading 9506124000 Cross-country snow-ski bindings and parts and accessories
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Ski
Trader Kick boards
Trader Snowboards
Trader Kite boards
Trader Wake boards
Trader Walking sticks
Trader Fitness products
Trader Body boards
Trader Skim boards
Trader Boxing stands
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Austria
Exporting to Denmark
Exporting to Europe
Exporting to Finland
Exporting to Germany
Exporting to North America
Exporting to Norway
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%)