MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
COLVETA (HK) LTD |
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Registered Office : |
Rm 1517-19, 15FL Ocean Centre 5 Canton Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 26, 1985 |
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Com. Reg. No.: |
0147612 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchasing of wide range of garments, textiles and
related products. Sale and distribution of purchased products to local and export
markets. Operates as purchasing and sourcing agent for COLVETA Group. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
COLVETA (HK) LTD
RM 1517-19, 15FL OCEAN CENTRE 5 CANTON RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27305866
FAX : 852-27303516
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 26, 1985
REGISTRATION NO. :
0147612
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
13
CAPITAL :
US$ 57,766
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80181 = 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*
==================
(1)
License number : 0147612
Date issued : 26
February, 1985
Issuing authority : Companies
Registry
Legal form : Private
Company Having a Share Capital
Type of license : Corporate
(2)
License number : 09521611-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as :
COLLERION LTD
Date of incorporation : 26
February, 1985
Changed name to : COLVETA
HK LTD
Date of change : 20
June, 1985
Changed name to : COLVETA
(HK) LTD
Date of change : 14
July, 1987
*Capital Details*
=============
Registered capital : HKD 450,000.00 divided into 450,000 ordinary shares
at HKD 1.00/-each, fully paid
*Corporate & Organization Structure*
============================
Corporate Management
---------------------------------
TRENDLINE LTD
Position held : Director
Address : 8Fl Gloucester
Tower The Landmark 15 Queen's Rd Central Hong Kong Hong Kong
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Mr. Suet-mei Kam can sign on behalf of the company with seal
affixed.
*Registrar*
=========
KCS LTD
SC is not known to host website of its own at present.
E-mail: colveta@colveta.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 450,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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-------------------------------
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COLVETA AG
449,999
449,999.00
100.00
Alfred Elzas 1 1.00 0.00
*Director's Details*
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Mr. Suet-mei Kam
HKID number : D633479(3)
Address : Rm E 28Fl
Vista Paradiso - Block 7 Ma On Shan New Territories Hong Kong
Shareholders' Details
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Alfred Elzas
Address : 28 Wielewaat Castricum Netherlands
*Company Secretary*
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B C S LTD
Address : 8Fl Gloucester
Tower The Landmark 15 Queen's Rd Central Hong Kong Hong Kong
CR number : 0377050
*Key Personnel*
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Note: Mr. Francisco Manuel Freitas De Azevedo Miranda has been resigned
a year ago.
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Importing and local purchasing of wide range of garments, textiles
and related products.
2. Sale and distribution of purchased products to local and export
markets.
3. Operates as purchasing and sourcing agent for COLVETA Group.
Products: Clothing
Eiderdown
Garments
Leather
Purchasing
agents
*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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Majority of the annual turnover is attributed to export.
*Strategic Partners & Alliances*
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Group name: COLVETA Group
PAYMENT
RATING : 3 OBTAINED SCORES :
51
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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 MODERATE 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 : ING BANK NV
Branch : Quarry Bay
Swift code : INGBHKHH
SC is considered an old-established business in small size. Credit up to
moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7389 Business
Svcs, NEC
Trading 2300 Apparel/Other Textile Products
Trading 2389 Apparel and
accessories,
Trading 2399 Fabricated
textile products,
Trading 3100 Leather and
Leather Products
Trading 3199 Leather
goods,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc
repairs
Trading 4203 Articles of apparel &
access, leather & comp leather
Trading 4203100090 Articles
of apparel
Trading 4205 Articles
of leather
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6114 Garments,
knitted or crocheted
Trading 6307 Made-up
articles of textile materials
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Leather
Trader Eiderdown
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to Switzerland
Importing from Asia
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%)