%20LTD%2028-Feb-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
28.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BENTEX INT'L (HK) LTD |
|
|
|
|
Registered Office : |
UNIT 1, 6FL Far East Mansion 5-6 Middle Rd Tsimshatsui Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
24.09.2004 |
|
|
|
|
Com. Reg. No.: |
924460 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Local Purchase of Garment Accessories and Other Related Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 1,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
BENTEX
INT'L (HK) LTD
UNIT 1, 6FL FAR EAST MANSION 5-6 MIDDLE RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27395005 FAX: 852-27395025
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 24, 2004
REGISTRATION NO. :
924460
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
2
CAPITAL :
US$ 1,284
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 1,000
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78914 = 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
%20LTD%2028-Feb-2008_files/image003.gif){kind=small}
*Company Registration*
==================
(1)
License number : 924460
Date issued : 24 September, 2004
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 34947076-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Nominal capital : HKD 10,000.00 divided into 10,000 shares at HKD
1.00/-each.
*Approved Signatures*
=================
Only BUTTAR HK LTD can sign on behalf of the company with seal affixed
%20LTD%2028-Feb-2008_files/image004.gif){kind=small}
SC is not known to host website of its own at present.
E-mail: bentexintl@netvigator.com
%20LTD%2028-Feb-2008_files/image005.gif){kind=small}
For the past two years there is no record of litigation.
%20LTD%2028-Feb-2008_files/image006.gif){kind=small}
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Country
%
-------------------------------------- ---------
-------
Mr. Deepak Raj Kumar Varindani India 60.00
Mr. Bhagwan Hundraj Chandnani India 40.00
*Company Secretary*
================
BUTTAR HK LTD
Address : 1Fl Mau Lam Commercial
Bldg 16-18 Mau Lam St Jordan Kowloon Hong Kong
CR number : 975326
%20LTD%2028-Feb-2008_files/image007.gif){kind=small}
SC’s management details are not available at present.
%20LTD%2028-Feb-2008_files/image008.gif){kind=small}
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Local purchase of garment accessories and other related products.
2. Sales and distribution of purchased products to local and
international market.
Products: Buttons
Elastics
Garment accessories
Interlinings
Packing tapes
*Payment Terms*
=============
Sales
------
Local : Cash or credit
Export : Letter of Credit (L/C)
Purchases
--------------
Local : Cash or credit
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
%20LTD%2028-Feb-2008_files/image009.gif){kind=small}
SC is not known to have any subsidiary at
present.
%20LTD%2028-Feb-2008_files/image010.gif){kind=small}
PAYMENT RATING : 4 OBTAINED SCORES :
47
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
%20LTD%2028-Feb-2008_files/image011.gif){kind=small}
SC’s financial details are not available at present.
%20LTD%2028-Feb-2008_files/image012.gif){kind=small}
CREDIT OPINION: USD 500,000
SC is considered small-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 1,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 3965 Needles, pins,
buttons, and clothing fasteners
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6117900000 Parts
of garments or of clothing accessories, knitted or crocheted
Trading 9606296000 Buttons,
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Interlinings
Trader Packing
tapes
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Middle East
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)