MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
UNIQUE-FASHIONS |
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Registered Office : |
Rm 706, 7FL Universal Commercial Bldg 69 Peking Rd,
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 5, 1988 |
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Com. Reg. No.: |
11596646-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading various range of men's and boy's clothing and
furnishings. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
UNIQUE-FASHIONS
RM 706, 7FL UNIVERSAL COMMERCIAL BLDG 69 PEKING RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-23167632
FAX : 852-23674444
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 5, 1988
REGISTRATION NO. :
11596646-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. MENGHANI RAKESH (CHAIRMAN)
STAFF STRENGTH :
4
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. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.75078 = 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
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: ishu@netvigator.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong Kong,
there is either, no requirement for Shareholders or no requirement for public
disclosure of Shareholders.
*Key Personnel*
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Mr. Menghani Rakesh
Founder
: Sole Founder
Tax registration number : ZZ1604308
Address
: Rm B 5Fl Ashley Mansion 10-14 Ashley Rd Kowloon Hong Kong
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Specializes in trading various range of men's and boy's clothing and
furnishings.
Products: Boy's furnishing
Men's & boy's
clothing
Men's
furnishings
Tailor made
clothes
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 43
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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 sole proprietorship firm there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name : UCO BANK
Branch : Central, Hong Kong
Branch Address : Rm 4102, 41Fl Cosco Tower 183 Queen's Rd Central Hong
Kong (Head Office)
SWIFT Code : This bank does not have a SWIFT Code
SC is considered small-sized in its line with a development history of
19 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2329 Men's
and boys' clothing,
Trading 2389 Apparel
and accessories,
Trading 5136 Clothing
& Furnishing, male
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 6114200048 Men's
and other boys' other garments, knitted or crocheted, of cotton: coveralls,
jumpsuits
and similar apparal
Trading 6114200055 Men's
or boys' other garments, knitted or crocheted, of cotton: other apparel
Trading 6117 Made-up
clothing access. parts etc. knit etc
Trading 6217 Made-up
clothing access, garment etc parts
Trading 6304 Furnishing
articles of textile materials
Trading 6309 Worn
clothing and other worn textile articles
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%)