MIRA
INFORM REPORT
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Report Date : |
31.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ESPRIT MACAO COMMERCIAL OFFSHORE LTD |
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Registered Office : |
Av Xian Xing Hai Ed Zhu Kuan
15 andar Apartamento, L Macau |
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Country : |
Macau |
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Date of Incorporation : |
2003
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of garments. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
company name
ESPRIT MACAO COMMERCIAL OFFSHORE LTD
office address
Av Xian Xing Hai Ed Zhu Kuan 15
andar Apartamento
L Macau
Country: Macau
Office tel: 28755017
Office fax: 28755023
business type
Trader
industry
Garments & Accessories
ESTABLISHED
2003
OWNERSHIP
Chairman: Mr
John Cho-ming Poon
Nationality: Hong
Kong
Capital: 3,000,000
Employees: 5
Corporate formation: Private
company MANAGEMENT
Mr John Cho-ming Poon
Nationality: Hong Kong
Mr Peter Mark Hammond
Nationality: Hong Kong
Ms Ka-fung Lee
Nationality: Macau
Ms Lay Kuan Pow
Nationality: Singapore
FINANCIAL DESCRIPTION
*Credit Risk Assessment*
=======================
Risk Index : Medium
Credit Amount : US 60,000
Credit Period : 60 days
*Credit Opinion*
================
Credit of a moderate amount can
proceed normally.
*Credit Assessment*
==================
The company is considered an average
sized company in its line locally. Based on its history background, established
market connectivity and trade connections, credit of a moderate amount can
proceed normally.
*Operations Status*
==================
Investigations have included :
1) A site visit was conducted
at the company's heading address which revealed that the above company's name
was seen on display.
2) The company is engaged in
trading of garments and accessories.
3) The company's products are
manufactured in the Group's production facilities located at the PRC.
4) The company's products are
exported to oversea market such as Asia, Europe and North America.
5) The company currently
employs 5 staff in Macau.
*Capital Details*
=================
Authorized capital : MOP 3,000,000
Paid-up capital : MOP 3,000,000
*Financials*
============
As a private limited company,
no official financial statement is required to be publicly disclosed.
Upon our current contact,
company's staff refused to forward any financial information regarding the
company on the grounds that the company is a private venture whose financial
information is considered sensitive private business information not subjected
to public release or release to non-business related parties.
*Reputation*
============
Reference checking for the
purpose of establishing the firm's reputation within the respective industry
failed to reveal any negative information.
*Payment Terms*
================
Sales
--------
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
----------
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Company Registration *
=======================
Company Name in English: Esprit
Macao Commercial Offshore Ltd
Company Name in Portugues: Esprit
Comercial Offshore de Macau Limitada
License number : 16529 (SO)
Date issued : 20 Feb, 2003
Issuing authority :
Conservatoria Dos Registos Comercial E De Bens Moveis
*Change of Company Name*
========================
No record
*Bank*
======
HONGKONG AND SHANGHAI BANKING
CORPORATION LTD
PRODUCT, TECHNOLOGY, SERVICE DESCRIPTION
*Main Products & Services*
==========================
Specializes in trading of
garments.
*Detailed Product
specifications*
========================
Items available include:
Knitwear
Blouses
Tee
Skirt
Garments
ORGANIZATION STRUCTURE
*Parent company*
================
The company is a subsidiary of
Esprit Holdings Ltd (a listed company in Hong Kong)., whose partial information
is as follows:
Ticker : 330
Exchange : SEHK
Business address : 43/F.,
Enterprise Square Three, 39 Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong.
Business Line : Esprit Holdings
Limited is an investment holding company. The Company is principally engaged in
wholesale and retail distribution and licensing of fashion and life-style
products designed under its own Esprit brand name, together with Red Earth
cosmetics, skin and body care products. The Company operates over 600 directly
managed retail stores and over 13,000 controlled-space wholesale point-of-sales
internationally occupying over 867,000 square meters of retail space in more
than 40 countries. The Company licenses its trademark to third-party licensees
that offer licensed products. The Company also provides salon services via
Salon Esprit.
No. of employees : 9,600
*Key Personnel*
===============
(1)
John Cho-ming Poon
Marital: Married
Resident status : Chinese
nationality
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: 43/F.,
Enterprise Square Three, 39 Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong.
SUBSIDIARIES, JOINT-VENTURES & AFFILIATES
Company name: ESPRIT
EUROPE SERVICES GMBH
Country: Germany
Status: Affiliate
----------------------------------------------------------------------------------------------------------
Company name: ESPRIT
GB LTD
Country: United
Kingdom
Status: Affiliate
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Company name: ESPRIT
GLOBAL IMAGE GMBH
Country: Germany
Status: Affiliate
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Company name: ESPRIT
HANDELSGESELLSCHAFT M B H
Country: Austria
Status: Affiliate
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Company name: ESPRIT
INTERNATIONAL (LIMITED PARTNERSHIP)
Country: USA
Status: Affiliate
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Company name: ESPRIT
INTERNATIONAL (GP) INC
Country: USA
Status: Affiliate
----------------------------------------------------------------------------------------------------------
Company name: ESPRIT
IP LTD
Country: Virgin
Island (British)
Status: Affiliate
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Company name: ESPRIT
ITALY DISTRIBUTION S R L
Country: Italy
Status: Affiliate
-----------------------------------------------------------------------------------------------------------
Company name: ESPRIT
LUXEMBOURG S A R L
Country: Luxembourg
Status: Affiliate
-----------------------------------------------------------------------------------------------------------
Company name: ESPRIT
PROPERTY LTD
Country: Hong
Kong
Status: Affiliate
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Company name: ESPRIT
REGIONAL SERVICES LTD
Country: Virgin
Island (British)
Status: Affiliate
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Company name: ESPRIT
RETAIL B V & CO KG
Country: Germany
Status: Affiliate
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Company name: ESPRIT
RETAIL (HONG KONG) LTD
Country: Hong
Kong
Status: Affiliate
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Company name: ESPRIT
(RETAIL) PROPRIETARY LTD
Country: Australia
Status: Affiliate
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Company name: ESPRIT
RETAIL PTE LTD
Country: Singapore
Status: Affiliate
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Company name: ESPRIT
RETAIL (TAIWAN) LTD
Country: Taiwan
Status: Affiliate
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Company name: ESPRIT
SWEDEN AB
Country: Sweden
Status: Affiliate
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Company name: ESPRIT
US ONLINE SHOP LTD
Country: USA
Status: Affiliate
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Company name: ESPRIT
US WHOLESALE LTD
Country: USA
Status: Affiliate
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Company name: ESPRIT
SWISS TREASURY LTD
Country: Virgin
Island (British)
Status: Affiliate
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Company name: ESPRIT
SWITZERLAND DISTRIBUTION AG
Country: Switzerland
Status: Affiliate
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Company name: ESPRIT
SWITZERLAND RETAIL AG
Country: Switzerland
Status: Affiliate
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Company name: ESPRIT
US DISTRIBUTION LTD
Country: USA
Status: Affiliate
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Company name: ESPRIT
US RETAIL LTD
Country: USA
Status: Affiliate
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Company name: ESPRIT
WHOLESALE GMBH
Country: Germany
Status: Affiliate
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Company name: GARMENT
ACCESSORIES AND COSMETICS ESPRIT RETAIL (MACAU) LTD
Country: Macau
Status: Affiliate
-------------------------------------------------------------------------------------------------------
Company name: RED
EARTH DISTRIBUTION CORPORATION INC
Country: Canada
Status: Affiliate
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Company name: RED
EARTH (HONG KONG) LTD
Country: Hong
Kong
Status: Affiliate
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Company name: RED
EARTH INTERNATIONAL HOLDINGS LTD
Country: Virgin
Island (British)
Status: Affiliate
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Company name: RED
EARTH LICENSING LTD
Country: Virgin
Island (British)
Status: Affiliate
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Company name: RED
EARTH PRODUCTION LTD
Country: Hong
Kong
Status: Affiliate
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Company name: RED
EARTH (TAIWAN) LTD
Country: Taiwan
Status: Affiliate
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Company name: SIJUN
FASHION DESIGN (SHENZHEN) CO LTD
Country: China
Status: Affiliate
--------------------------------------------------------------------------------------------------------
related parties description
*Major Shareholders*
====================
Shareholder Name No of Shares
-------------------------------------------------------------
Esprit IP Ltd 3,000,000
*Shareholders' Details*
=======================
Esprit IP Ltd
Address: P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands.
*Administrator's Details*
==================
(1)
John Cho-ming Poon
(2)
Peter Mark Hammond
Marital: Married
Resident status : Hong Kong
resident
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: D4,
Clearwater Bay Apartments, 8 Ka Shue Road,
Clearwater Bay, Hong Kong.
(3)
Ka-fung Lee
Marital: Single
Resident status : Chinese
nationality
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: Avenida
Xian Xing Hai, Ed Zhu Kuan, 15 andar, Apartamento L, Macau.
(4)
Lay Kuan Pow
Marital: Married
Resident status : Singapore
nationality
Responsibilities : Currently
active in the company's day-to-day operations & is responsible for its
management.
Registered address: 70
Bendemeer Road, #05-01 Hiap Huat House, Singapore.
local distribution & warehousing
*Imports*
========
Majority of the company's
products are imported from the PRC.
international trade activity description
*Export Markets*
===============
Majority of the annual turnover
is attributed to export to the following countries:
- Asia, Europe and North
America.
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%)