MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MACSTEEL INT'L FAR EAST LTD |
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Registered Office : |
Unit 1921-1941, 9FL Sun Hung Kai Centre, 30 Harbour Rd
Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.05.1997 |
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Com. Reg. No.: |
0609775 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a range of metal products, raw pig-iron and steel products. Sales and distribution to local and overseas markets. |
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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Maximum Credit Limit : |
Up To USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
MACSTEEL INT'L FAR EAST LTD
UNIT 1921-1941, 9FL SUN HUNG KAI CENTRE
30 HARBOUR RD WANCHAI HONG KONG.
TEL : 852-25456661
FAX : 852-28150149
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
28, 1997
REGISTRATION NO. :
0609775
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. LEON WILLIAM PRICE (CEO)
STAFF STRENGTH :
20
CAPITAL :
US$ 1,278,772
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 100,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80290 = 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*
===================
(1)
License number : 0609775
Date issued : 28 May,
1997
Issuing authority : Companies
Registry
Legal form : Limited
Liability Company
Type of license : Corporate
(2)
License number : 20998376
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital: HKD 10,000,000.00 divided into 10,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
================
Other Contact Details
------------------------------
Fax no. : 28505167
Email address : long@mife.co.hk
*Registrar*
=========
TRICOR SERVICES LTD
Address : Level 28 Three Pacific Place 1 Queen's Rd East Hong Kong
Tel no. : 29801888
Fax no. : 28610285
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only TRICOR STRATH LTD can sign on behalf of the company with seal
affixed.
www.macsteelinternational.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: slk@mife.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
===================
Total number of shareholders
: 2
Total number of ordinary shares : 10,000,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- -------------------------------- ---------------------------------- ---------------
MACSTEEL INT'L HOLDINGS BV 9,999,999 9,999,999.00 100.00
Gordon Stanley Thornton 1
1.00 0.00
*Directors' Details*
================
(1)
Sylvio Fernao Caldira Bertoli
National ID no. :
R228835(3)
Address :
13B Tower 2 Hegence Bayale 2 Bowen Rd Hong Kong
(2)
Peter Langley Faulkner
National ID no. :
R338928(5)
Address :
Flat B2 Deepdence 55 Island Rd Hong Kong
(3)
Jeffrey Mark Hunt Kemp
National ID no. :
K685405(2)
Address :
Flat B 20Fl The Manhattan 33 Tai Tam Rd Hong Kong
(4)
Raina Yuet-sin Lai
National ID no. :
D185750(A)
Address :
Flat B 9Fl, 1A Kennedy St Wanchai Hong Kong
(5)
Lin Ling
Address :
15-601 Lane 380 Meiling South Rd, Shanghai, 200062 China
Email address :
dll@mife.com.hk
Overseas passport no. : G16948472
(6)
Pun-wing Poon
National ID no. :
E650184(6)
Address :
8H Tower 3 Island Resort 28 Siu Sai Wan Rd Hong Kong
*Company Secretary*
=================
STRATH NOMINEES LTD
Address : Level 28 Three Pacific Place 1 Queen's Rd East Hong Kong
CR no. : 4873
Management: Mr. Simon Len,
Manager
Mr. Leon William Price, CEO
Mr. Adriaan Veltema, Executive Director
Name Nationality
Job Description Dept. / Division
Mr. Simon Len Hong
Kong Manager Trade
Mr. Leon William Price British CEO -
Mr. Adriaan Veltema Dutch Executive Director -
Mr. Eric Samson Dutch Executive Director -
Mr. Jack Gerber Swiss Executive Director -
Mr. Willem Kruger Dutch Executive Director -
Mr. Gordon Stanley Thornton
British Managing Director -
Mr. Arvind Chopra Dutch Non-Executive
Director -
Mr. Davinder Chugh Dutch Non-Executive
Director -
Mr. Hercu Aucamp Dutch Non-Executive
Director -
Mr. Roeland Baan Dutch Non-Executive
Director -
*Key Personnel*
==============
(1)
Leon William Price
National ID no. :
K728091(2)
Address : 55
Oakwood Court Abbotsbury Rd London W148JV United Kingdom
Work experience :
Representative of LEO RAPHAELY & SONS in 1978
Responsibility :
Handles the overall management of the firm.
Other positions : -
President of MACSTEEL HOLDINGS (PTY) LTD
- Executive Director of MACSTEEL INT'L HOLDINGS BV
(2)
Roeland Baan
Education :
Holds a Master's Degree in Economics
Work experiences : -
Logistics Assistant of SHELL NETHERLANDS from 1980 to 1983
- General Manager of SHELL ARGENTINA from 1983 to 1986
- Senior Trader of SHELL UK LTD from 1986 to 1988
- Recruiter Non-Technical Functions of SHELL NETHERLANDS from 1988 to
1990
- General Manager of SHELL UGANDA from 1990 to 1993
- Senior Vice President of UK SHV HOLDINGS from 1993 to 1998
- CEO of THYSSEN SONNENBERG RECYCLING from 1998 to 2001
Other position : CEO of
LNM HOLDINGS NV
(3)
Davinder Chugh
Education :
Holds a LLB and MBA degree
Work experiences : - Junior
Assistant from BHILAI STEEL PLANT from 1977 to 1988
- Senior Manager of STEEL AUTHORITY OF INDIA LTD from 1988 to 1995
- General Manager of the following companies :
- ISPAT HAMBURG from 1995 to 1998
- HAMBURG & DUISBURG 1998 to 2000
- Vice President of ISPAT EUROPE GROUP
from 2000 to May 2002
- Executive Director of ISCOR LTD from May 2002 to September 2004
Other positions : - CEO,
MITTAL STEEL SOUTH AFRICA - South Africa
(4)
Jack Gerber
Education :
Holds a Bachelor's Degree in Economic Science, International Finance &
Industrial
Economics from UNIVERSITY OF
NEUCHATEL, Switzerland
Other positions : -
Executive Chairman of MACSTEEL HOLDINGS (PTY) LTD
- Chairman of MACSTEEL INT'L HOLDINGS BV
(5)
Willem Kruger
Responsibility :
Finance
Other positions : -
Director of MACSTEEL INT'L HOLDINGS BV
- Finance Manager of MACSTEEL HOLDINGS
(PTY) LTD
(6)
Eric Samson
Other positions : -
Co-chairman of the following companies :
- MACSTEEL HOLDINGS (PTY) LTD
- MACSTEEL INT'L HOLDINGS BV
(7)
Gordon Stanley Thornton
National ID no. :
K611329(A)
Address : 21C
Seahorse Lane Beach Village Discovery Bay Lantau Island Hong Kong
(8)
Adriaan Veltema
Education : Holds
a Honorary Degree in Tax Law from UNIVERSITY OF LEIDEN
Work experience :
International Tax Manager from ARTHUR ANDERSEN AMSTERDAM
Other positions :
Director of the following companies :
- MACSTEEL GLOBAL BV
- MACSTEEL INT'L HOLDINGS BV
- MACSTEEL INT'L BUSINESS SUPPORT SERVICES BV
(9)
Simon Len
Email address :
slk@mife.com.hk
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Trading a range of metal products, raw pig-iron and steel products.
2. Sales and distribution to local and overseas markets.
Products: Iron raw materials
Metal products
Metals
Raw pig-iron
Raw pig-steel
*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.
*Strategic Partners & Alliances*
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Group name : MACSTEEL INT'L GROUP
Details : January 1997 -
Formed as a joint-venture between the companies :
- ISCOR
LTD
- MACSTEEL
HOLDINGS (PTY) LTD
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 MODERATE amounts
depending on individual judgement experience.
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 : STANDARD CHARTERED BANK
Branch : Central, Hong Kong
Branch Address : 13Fl Standard Chartered Bank Bldg 4-4A Des Voeux Rd
Central Hong Kong (Head Office)
SWIFT Code : SCBLHKHH
SC is considered small-sized in its line with a 10 years’ history. It is
considered a credit line up to USD100,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3325 Steel
Foundries, NEC
Trading 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7205 Pig
iron, spiegel, iron or steel granules & powder
Trading 7300 Articles
of iron or steel
Trading 8300 Miscellaneous
articles of base metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Raw
pig-steel
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to Oceania
Importing from Brazil
Importing from Europe
Importing from North America
Importing from South Africa
Importing from Spain
Importing from USA
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%)