MIRA
INFORM REPORT
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Report Date : |
18.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ASIA PACIFIC IMPORT & EXPORT CO |
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Registered Office : |
Rm C 3FLTaichi Court 132-134 |
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Country : |
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Date of Incorporation : |
June 8, 2007 |
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Com. Reg. No.: |
38034592-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing wide range of sundries items and garments. Sales and distribution to local and international markets. |
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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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
ASIA PACIFIC IMPORT & EXPORT CO
RM C 3FL TAICHI COURT
TSIMSHATSUI
TEL : 852-23664470
FAX : 852-30101243
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 8, 2007
REGISTRATION NO. :
38034592-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
5
STAFF STRENGTH :
MR. RAHUL TRIPATHI (CHAIRMAN)
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75332 = 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
*Reputation*
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Due to the recent establishment of the firm, and the relatively small
nature of its business, no meaningful points of reference in terms of reputation
within the respective industry was possible.
SC is not known to host website of its own at present.
E-mail: admin@asiapacifichk.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Mr. Rahul Tripathi
HKID number : R0519935
Founder : Sole Founder
Address : Rm C 3Fl
Responsibility : Handles the
overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing wide range of sundries items and garments.
2. Sales and distribution to local and international markets.
Products: Clothing
Consumer
products
Garments
Sundry items
*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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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 : 4 OBTAINED SCORES : 35
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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.
Since the company was only established four (4) months ago no financials
have been lodged.
*Bank Details*
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Bank name : BANK OF
Branch :
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories,
Trading 3999 Manufactured
articles,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6114 Garments,
knitted or crocheted
Trading 6117 Made-up
clothing access. parts etc. knit etc
Trading 6217 Made-up
clothing access, garment etc parts
Trading 6309 Worn
clothing and other worn textile articles
Trading 9600 Miscellaneous
manufactured articles
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 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%)