MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASIA TODAY LTD |
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Registered Office : |
Unit 6510, 65fl The Center 99 Queen's Rd Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.08. 2004 |
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Com. Reg. No.: |
0918874 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading 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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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
name & address
ASIA
TODAY LTD
UNIT 6510, 65FL THE CENTER
99 QUEEN'S RD CENTRAL, HONG KONG.
TEL: 852-21693533 FAX: 852-21693433
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 25, 2004
REGISTRATION NO. :
0918874
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MAHESH SHAM SUJANANI (MANAGING DIRECTOR)
STAFF STRENGTH :
20
CAPITAL :
US$ 3,856,041
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 7.79479= 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
Registered Legal Address: 20Fl Tung Wai Commercial Bldg 109-111
Gloucester Rd Wanchai Hong Kong
*Company Registration*
==================
(1)
License number :
0918874
Date issued : 25 August, 2004
Issuing authority : Companies Registry
Legal form : Private limited company
Type of license : Corporate license
(2)
License number : 34853926-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business license
*Capital Details*
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Authorized capital : HKD 30,000,000.00 divided into 30,000,000 ordinary
shares of HKD 1.00/-each, fully paid
*Charge*
========
As per current company search, total amount of indebtedness of the
company in respect of all mortgages and charges which are required to be
registered with Companies Registry amounting to HKD 9,194.29
*Approved Signatures*
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Only Mr. Mahesh Sham Sujanani can sign on behalf of the company with
seal affixed.
www.asiatoday.com.hk
SC’s website is unable to be landed at present for the technical reason.
E-mail: mandy@asiatoday.com.hk
Litigation ( 1 )
Position :
Defendant
Other Parties Involved :
Position Country Party's Name
Defendant Hong Kong INDIA TO ITALY
Plaintiff
Hong Kong FRUITFUL FROZEN FOOD CO
Case Issue : A petition to the court seeking a resolution over a quality
dispute on goods sold and delivered (filed under case no. SCTC44735/2002)
Court : District Court, Hong Kong
Date Commenced : 2 September, 2002
Status : Not stated
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares : 30,000,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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HOLDAS NOMINEES LTD
30,000,000
30,000,000.00
100.00
Share Transfer
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Transferor
Transferee No. of Ordinary Shares Date
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GREGSON LTD HOLDAS NOMINEES
LTD 30,000,000 12 April, 2007
*Company Secretary*
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BENTA NOMINEES LTD
Address : 20Fl Tung Wai Commercial Bldg 109-111 Gloucester Rd Wanchai,
Hong Kong
CVR no : 42671
Management: Mr. Mahesh Sham Sujanani, Managing Director
Name Nationality
Job Description
Mr. Mahesh Sham Sujanani Indian
Managing Director
*Main Products & Services*
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Specializes in trading men's and boy's clothing and furnishings.
Products: Men's & boy's clothing
Men's & boy's
furnishings
Textiles
*Payment Terms*
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Sales
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Local : Cash or Credit
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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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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in China.
PAYMENT RATING : 3 OBTAINED SCORES :
55
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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 private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered medium-sized in its line with a short history. A credit
line at the above amount appears beyond SC’s capacities, while a credit line up
to USD 100,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2299 Textile
goods,
Importing 2300 Apparel/Other
Textile Products
Importing 2329 Men's
and boys' clothing,
Importing 2389 Apparel
and accessories,
Importing 3149 Footwear,
Importing 5136 Clothing
& Furnishing, male
Trading 2299 Textile
goods,
Trading 2300 Apparel/Other
Textile Products
Trading 2329 Men's and
boys' clothing,
Trading 2389 Apparel and
accessories,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4203100090 Articles of apparel
Importing 5602 Felt,
impregnated, coated, etc. or not
Importing 5911 Textile
products etc. for specific tech uses
Importing 6200 Articles
of apparel & clothing accessories-not knitted or crocheted
Importing 6210 Garments,
of felt etc, or fabric impregnated etc
Importing 6211320080 Men's or boys' other apparel, of cotton, not knitted
Importing 6211330005 Men's and boys' coveralls, jumpsuits and similar apparel of
man-made fibers, insulated for cold weather protection; not knitted or
crocheted
Importing 6405 Footwear
Importing 6405909000 Other footwear
Trading 4203100090 Articles
of apparel
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Textiles
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from China
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%)