MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPIRENT COMMUNICATIONS (ASIA) LTD |
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Registered Office : |
Suite 1905-07, 19FL Olympia Plaza, 243-255 King's Rd North
Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 16, 2002 |
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Com. Reg. No.: |
0782705 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchasing a wide range of telecommunications test
equipment, network diagnostic instruments and related software, covering a
variety of telecom technologies, such as internet protocol, optical
networking and wireless communications. Sales and distribution of purchased products to local and overseas
markets. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SPIRENT COMMUNICATIONS (ASIA) LTD
SUITE 1905-07, 19FL OLYMPIA PLAZA
243-255 KING'S RD NORTH POINT, HONG KONG.
TEL : 852-25113822
FAX : 852-25113880
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 16, 2002
REGISTRATION NO. :
0782705
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 12,836,970
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80463 = 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 : 0782705
Date issued : 16 January,
2002
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 32451534-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Share value : HKD
1.00/-each
Authorized capital : HKD
100,000,000.00
Paid-up capital : HKD 38,901,502.00
divided into 38,901,502 ordinary shares
*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 Stephen Chester Clark III can sign on behalf of the company with
seal affixed.
*Registrar*
=========
- ALFRED YEUNG & CO
www.spirentcom.com The design
is professional and the content is well organized. At present it is in English
version.
E-mail: salesasia@spirentcom.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 38,901,502
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
------------------------ ---------------------------- ------------------------------- ------------------
SPIRENT BV 38,901,501 38,901,501.00 100.00
Mr. Stephen Chester Clark III 1 1.00 0.00
Share Transfer:
Date of transfer No.
of shares
Transferor
Transferee
---------------------
------------------
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14 March, 2006
1 Brian
Anthony Nash Stephen Chester
Clark III
*Directors' Details*
==============
(1)
Mr. William Joseph Burns
Passport no. :
205576848
Address :
119 Lake St Gaithersburg Maryland 20878 USA
Date of appointment : 10 May,
2007
(2)
Mr. Stephen Chester Clark III
Passport no. :
159335796
Address : 10
Heather Hill Way Holmdel New Jersey 07733 USA
*Company Secretary*
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ALFRED YEUNG NOMINEE CO LTD
CR no. : 231921
Address : Rm 1801-1805 Hua Qin Int'l Bldg 340 Queen's Rd Central Hong
Kong
SC declined to release its management background at present.
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing and local purchasing a wide range of telecommunications
test equipment, network diagnostic instruments and related software, covering a
variety of telecom technologies, such as internet protocol, optical networking
and wireless communications.
2. Sales and distribution of purchased products to local and overseas
markets.
Also include the following products:
- Abacus
- AirAccess
- APEX
- Avalanche
- AX/4000
- C2K-ATS
- ClearSight
- ConNIE
- CopperMax
- Diversity
- DLS
- E-Series
- GPS/GNSS
- IP Wave
- Landslide
- PLTS
- PowerSync Analyzer
- QualiPoc
- REACT
- SmartBits
- SmartConnect
- Spirent Protocol Tester
- Spirent SmartSight
- Spirent TestCenter
Products: Communication devices
Communication test
equipment
Hardware
machinery
IP board
software
Integrated Access
Device (IAD)
*Payment Terms*
=============
Sales
-------
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*
======================
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.
SC is not known to have any subsidiary at
present.
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 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*
===========
Bank name : CITIBANK NA
Branch : Central
Swift code : CITIHKHX
SC is considered small-sized in its line with favorable background.
Credit dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3600 Electronic
& Electric Equip.
Trading 3661 Telephone
and telegraph apparatus, and parts,
Trading 3663 Radio,
tv commun, broadcast, and studio equip, and parts,
Trading 3669 Other
communications equipment, and parts,
Trading 3674 Semiconductors
and related devices, and parts,
Trading 3823 Industrial
instruments for measurement, display, and control of process variables;
and
related products
Trading 3829 Measuring
and controlling devices, and parts,
Trading 5045 Computers
Equip/Software
Trading 5065 Electronic
Parts/Equip, NEC
Trading 7372 Prepackaged
Software
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound
recorders,
television recorders
Trading 8517904000 Parts
of telephonic apparatus,
Trading 8541 Semiconductor
devices; light-emit diodes etc, parts
Trading 8541500080 Semiconductor
devices
Trading 8543809500 Electrical
machines and apparatus,
Trading 9030400000 Other
instruments and apparatus, specially designed for telecommunications (for
example,
cross-talk meters, gain measuring instruments etc)
Trading 9916 Prepackaged
software
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Switchers
Trader Routers
Trader Integrated
Access Device (IAD)
Trader Ports voice
gateway
Trader Communication
test equipment
Trader Telecommunication
software
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to Oceania
Importing from North America
Importing from USA
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%)