MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
BOLDASIA CO LTD |
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Registered Office : |
Flat A 10FL Hang Fat Industrial Bldg 550 |
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Country : |
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Date of Incorporation : |
July 25, 2005 |
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Com. Reg. No.: |
0984876 |
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Legal Form : |
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Line of Business : |
Trading a wide range of garments and related products. |
RATING & COMMENTS
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MIRAs 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 US$ 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BOLDASIA CO LTD
FLAT A 10FL HANG FAT INDUSTRIAL BLDG
LAI CHI KOK
TEL : 852 27458988
FAX : 852 27458068
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 25, 2005
REGISTRATION NO. :
0984876
CHIEF EXECUTIVE :
MS. JOSEY YUEN-SHEUNG KWOK (CHAIRMAN)
STAFF STRENGTH :
20
CAPITAL :
US$ 64,185
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
EXCHNAGE RATE :
HKD 7.76005 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
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License number : 0984876
Date issued : 25 July,
2005
Issuing authority : Companies Registry
Type of license : Corporate
License number : 35852379
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 500,000.00 divided into 500,000 ordinary shares
of HKD 1.00/-each, fully paid
*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 Ms. Josey Yuen-sheung Kwok can sign on behalf of the company with
seal affixed.
Website :
www.boldasia.com The design is professional and the content is well
organized. At present it is in English version.
E-mail : joseykwok@boldasia.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 shares : 500,000
Shareholder's Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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PRAMARS CO LTD
500,000
500,000.00
100.00
*Directors' Details*
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Clemen Oi-chun Lau
National ID no. : G275219(A)
Address : Flat
E- mail address : clemenlau@boldasia.com
Alexa Shuk-yee Man
National ID no. : D436649 (3)
Address : Flat 1202
Block 6 Heng Fa Cheun Hong Kong
*Corporate Secretary*
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MCCABE SECRETARIAL SERVICES LTD
CR no. : 95390
Address : 29Fl Wing On Centre
*Key Personnel*
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Josey Yuen-sheung Kwok
National ID no. : D659844(8)
Address : Flat A 14Fl
E-mail address :
joseykwok@boldasia.com
Responsibilities : Handles the overall management of the company.
*Main Products & Services*
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Specializes in trading a wide range of garments and related products.
Products also include:
- Handwork embroidery with beads and sequins
Products : Anoraks
Babies wear
Batiks
Blouses
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains offices in the following locations:
Factory -
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Address : 31 Jin Sha Qu Yuan Zhao Gong Di Rd Ling Yin Rd Hangzhou 310013
China
Tel no. : 571-8717-9317
Fax no. : 571-8717-9316
Contact : Ms Alexa Man / Ms.
Frankie Ji
Also maintains factory in
Branch offices
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Address : AM Waldsaum 12
Tel no. : 523-187-0228
Contact : Ms. Martina Prade
Address :
Tel no. : 416-804-6196
Fax no. : 905-997-0696
Contact : Mr. Rathan Sudhakar
Address :
Tel no. : 421-309-3375
Fax no. : 421-244-3098
Contact : Mr. Sree Hari
PAYMENT RATING : 3 OBTAINED SCORES : 51
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Implication |
Implications |
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1 |
Scores 85100 |
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.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Swift code : HSBCHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2252 Hosiery
Trading 2300 Apparel/Other
Textile Products
Trading 2321 Men's
and boys' shirts
Trading 2329 Men's
and boys' clothing
Trading 2331 Women's
and misses' blouses and shirts
Trading 2335 Women's
and misses' dresses
Trading 2339 Women's
and misses' outerwear
Trading 2341 Women's
girls', and infants' underwear and nightwear
Trading 2369 Children's
outerwear
Trading 2389 Apparel
and accessories
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6103 Men's
or boys' suits, ensembles etc, knit or crocheted
Trading 6104 Women's
or girls' suits, ensemb 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 6110 Sweaters,
pullovers, vests etc, knit or crocheted
Trading 6111 Babies'
garments & accessories, knit or crocheted
Trading 6114 Garments,
knitted or crocheted
Trading 6115 Pantyhose,
socks & other hosiery, knit or crocheted
Trading 6200 Articles
of apparel & clothing accessories-not knitted or crocheted
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Sweatshirts
Trader Pullovers
Trader Denim
Trader Pants
Trader Babies
wear
Trader Confection
garments
Trader Handcrochetted
products
Trader Hand-knitted
products
Trader
Trader Wool
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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 SCs 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%)