MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
SEATOMAN HOLDINGS LTD |
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Registered Office : |
Unit 2, 12fl Hong Kong Industrial Center - Block A ,
489-491 Castle Peak Rd Kowloon, |
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Country : |
Hong Kong. |
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Date of Incorporation : |
19.04.2006 |
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Com. Reg. No.: |
1038887 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale Distribution of a wide range of Ready-Made Clothing |
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 5,000 |
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Status : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
SEATOMAN HOLDINGS LTD
UNIT 2, 12FL HONG KONG INDUSTRIAL CENTER - BLOCK A , 489-491 CASTLE PEAK
RD KOWLOON, HONG KONG.
TEL: 852-27897888
FAX: 852-23965572
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 19, 2006
REGISTRATION NO. :
1038887
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. INGE STROMPF JEPSEN (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
UP TO USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80099= 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*
==================
License number : 1038887
Date issued : 19 April, 2006
Issuing authority : Companies Registry
Type of license : Corporate
License number : 36691738-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD 100,000.00
Paid-up capital : HKD 100.00 divided into 100 ordinary
shares
*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 M/s. Inge Strompf Jepsen can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: rick@strompf@seatoman.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 ordinary shares
: 100
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ----------------------------- -------------------------------- ------------------
Inge Strompf Jepsen 100 100.00 100.00
Shareholders' Transfer
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Date transferred : 28 April, 2006
No.of shares transferred : 1
Transferor
: CITIZEN'S NOMINEES (NO
1) LTD
Transferee : Inge Strompf Jepsen
*Company Secretary*
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CITIZEN'S SECRETARIAL SERVICES LTD
C. R. no. : 32891
Address : 22Fl Guangdong Investment Tower 148 Connaught Rd Central Hong
Kong
Management: Mr. Richard Strompf, General Manager
Name Nationality
Job Description
Mr. Richard Strompf American General
Manager
*Main Products & Services*
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Specializes in wholesale distribution of a wide range of ready-made
clothing.
Products: Ready-made clothes
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains manufacturing facilities in China.
PAYMENT RATING : 4 OBTAINED SCORES : 45
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Rating Key |
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.
*BANK DETAILS*
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Bank Name : BANK OF CHINA (HONG KONG) LTD
Branch : Cheung Sha Wan, Kowloon
Branch Address : Kincheng Commercial Center 410-420 Castle Peak Rd
SWIFT Code : BKCHHKHH
CREDIT OPINION: USD 10,000,000
SC was established in 2006 in small size. The given credit line appears
to be beyond SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300
Apparel/Other Textile Products
Trading 2389
Apparel and accessories,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100090
Articles of apparel
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 6200
Articles of apparel &
clothing accessories-not knitted or crocheted
Trading 6217
Made-up clothing access,
garment etc parts
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Canada
Exporting to Europe
Exporting to India
Exporting to North
America
Exporting to South
America
Exporting to USA
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%)