MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MODA SOURCING CO., LTD. |
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Registered Office : |
Unit 2205-7 Enterprise Square 5 - Tower I
38 Wang Chiu Rd. Kowloon Bay Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
16.01.2007 |
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Com. Reg. No.: |
1102393 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a range of Clothing Products.
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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 : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
MODA
SOURCING CO., LTD.
UNIT 2205-7 ENTERPRISE SQUARE 5 - TOWER I 38
WANG CHIU RD.
KOWLOON BAY KOWLOON, HONG KONG
TEL: 852-26206116 FAX: 852-26206400
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 16, 2007
REGISTRATION NO. :
1102393
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 12,853
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
TO SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79037 = 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
*Capital Details*
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Authorized capital: HKD 100,000.00 divided into 10,000 ordinary shares
at HKD 10.00/-each, fully paid
*Office & Facilities*
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Previous address: Rm 2901-2904, 29Fl Island Place Tower 510 King's Rd
North Point Hong Kong
*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 Mr. Edgardo Cardani can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: general@modaco.com.hk
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 shares :
10,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
---------------------------- -------------------------------- ----------------------------------- -----------------
GIORGIO ARMANI HOLDING BV 10,000 100,000.00 100.00
Share transfers:
Date No. of
Shares Transferor(s) Transferee(s)
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1 March, 2007 1 GREGSON LTD GIORGIO ARMANI HOLDING BV
*Company Secretary*
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SEKOTS SECRETARIAL SERVICES LTD
Address : 16-19Fl Prince's Bldg 10 Chater Rd Central Hong Kong
CR No. : 28739
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in trading a range of clothing products.
Products: Clothing
Men's & boy's
clothing
Women's
clothing
*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.
*Strategic Partners & Alliances*
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Group name: GIORGIO ARMANI Group
PAYMENT RATING : 5
OBTAINED SCORES : 30
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC was established in 2007, and its credit has not been established yet.
Credit dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2329 Men's and
boys' clothing,
Trading 2339 Women's and
misses' outerwear,
Trading 2389 Apparel and
accessories,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100090 Articles
of apparel
Trading 6103220000 Men's
or boys' ensembles of cotton, knitted or crocheted
Trading 621050 Women's
wear
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%)