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MIRA
INFORM REPORT
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Report Date : |
29.09.2007 |
IDENTIFICATION DETAILS
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Name : |
HALLMARK CARDS (HK) LTD |
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Registered Office : |
6FL Harbourfront Landmark - Block Ii Wan |
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Country : |
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Date of Incorporation : |
03.03.1981 |
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Com. Reg. No.: |
0094298 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Company is engaged in procurement and buying office of
Hallmark-designed gift items produced in |
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 |
COMPANY NAME &
ADDRESS
HALLMARK CARDS (HK) LTD
6FL HARBOURFRONT LANDMARK - BLOCK II WAN
TEL: 852-23099000
FAX: 852-25618101
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 3, 1981
REGISTRATION NO. :
0094298
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
150
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.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.76930 = 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
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*Company Name*
=============
Incorporated as : BUSHMAN LTD
Date of incorporation : 3
March, 1981
Changed name to : GRAPHICS INT'L (
Date of change : 6 November, 1981
Changed name to : HALLMARK CARDS (HK) LTD
Date of change :
14 November, 1996
*Company Registration*
==================
License number : 0094298
Date issued : 3 March, 1981
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Limited Liability Company
License number : 07362451-001
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00
Paid-up capital : HKD 30.00 divided into 3 ordinary
shares at HKD 10.00/-each
*Office & Facilities*
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Previous address : 21Fl The Gateway - Tower 2,
*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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Only Mr. Paul Angus Stuart can sign on behalf of the company with seal
affixed.
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www.hallmark.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: aleung2@hallmark.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 3
Shareholder's Name No of Ordinary Shares Amount of Shares (HKD) % of Shares
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HALLMARK CARDS INC 2
20.00
66.67
HA INC
1
10.00
33.33
*Directors' Details*
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Brian E. Gardner
National ID no : 401842425
Address :
Margaret Keating
National ID no : 084080847
Address :
Paul Angus Stuart
National ID no : 761065194
Address : House A of
the Capri 221 Tao Mong Tsai Rd, Sai Kung,
*Corporate Secretary*
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WILGRIST NOMINEES LTD
Address : Prince Bldg
CR no :
17249
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Management: Mr. Craig Edward McMonigle, Managing Director
Name Nationality
Job Description
Mr. Craig Edward McMonigle American Managing
Director
*Key Personnel*
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Craig Edward McMonigle
Passport no :
701046957
Address : 12808 Russell
Responsibility : Handles the
overall management of the firm.
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*Main Products & Services*
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Specializes in the following areas of work :
1. Operates as procurement and buying office of Hallmark-designed gift
items produced in
2. Overseas sales of the products.
Products:
Buying office
Gifts
Greeting cards
Paper
Paper & paper products
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*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.
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*Strategic Partners & Alliances*
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Group name : HALLMARK CARDS GROUP
Details : Employs 18,000
employees.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : HALLMARK CARDS (
Address : 1048/7 Sukhumvit 64 (Poonsin) Bangchak Phra Khanong
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Paper, Pulp & Products
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PAYMENT RATING : 3 OBTAINED SCORES : 60
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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 MODERATE amounts depending on individual judgement experience.
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As a limited liability 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 : BANK OF
Branch :
Branch Address : 17Fl
SWIFT Code : BOFAHKAX
Bank Name : JP MORGAN CHASE & CO
Branch : Central,
Branch Address : 41Fl
SWIFT Code : This bank does not have a SWIFT Code
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SC is considered medium-sized in its line with a development history of
26 years. Credit dealings with SC in moderate amount can be considered.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300
Business Services
Trading 2600 Paper
and allied Products
Trading 2621
Paper mill products
Trading 2675
Die-cut paper and
paperboard; cards and cardboard
Trading 2679
Converted paper products,
Trading 2771
Greeting cards
Trading 5111
Printing & Writing
Paper
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900
Business services, health,
financial/insur. legal/real estate, hotels, and misc repairs
Trading 4800
Paper & paperboard,
articles of paper pulp
Trading 4802
Paper, uncoat, for writing
etc, rolls; handmade paper
Trading 4805
Paper & paperboard,
uncoat, rolls or sheets
Trading 4817204000
Letter cards, plain postcards and
correspondence cards of paper or paperboard
Trading 4823510080
Paper and paperboard used for
writing, printing or other graphic purposes,
printed,
embossed or perforated, cut to size or shape
Trading 4823594040
Paper or paperboard used for
writing, printing or other graphic purposes, cut to
size
or shape
Trading 4909
Printed or illust post
cards, greeting cards, etc.
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trader Printed paper products
Trader Printing & writing papers
Trader Greeting cards
Trader Paper products
Trader Gifts
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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. |
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%)