MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TIMBERLAND HK TRADING LTD |
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Registered Office : |
Unit 808-816 Grand Central Plaza - Tower
1, 138 Shatin Rural Committee Rd Shatin New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.01.2002 |
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Com. Reg. No.: |
0781437 |
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Legal Form : |
Private |
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Line of Business : |
Import and local purchase of garments and footwear |
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 and address of the company
TIMBERLAND
HK TRADING LTD
UNIT 808-816 GRAND CENTRAL PLAZA - TOWER 1,
138 SHATIN RURAL COMMITTEE RD
SHATIN
NEW TERRITORIES, HONG KONG.
TEL: 852-26342888 FAX: 852-26341477
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 4, 2002
REGISTRATION NO. :
0781437
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. JANICE LEE (MANAGER)
STAFF STRENGTH :
30
CAPITAL : US$ 1,284
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 7.80333 = 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 History*
==============
6 April, 2007 -
Registered representative office in Vietnam.
*Company Registration*
==================
(1)
License number : 0781437
Date issued : 4
January, 2002
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company Having a Share Capital
(2)
License number : 34665977-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as :
MILLION TERM LTD
Date of incorporation : 4
January, 2002
Changed name to :
TIMBERLAND HK TRADING LTD
Date of change : 2 July, 2004
*Office & Facilities*
================
Other tel no. : 26342828
*Capital Details*
============
Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1,000.00
divided into 1,000 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*
=================
Mr. Jeffrey B. Swartz can sign on behalf of the company with seal
affixed.
www.timberland.com
this website belongs to Timberland Company. The design is professional and the
content is well organized. At present it is in English version.
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
: 1,000
Shareholder's Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------- ---------------------------- -------------------------------- ---------------
TIMBERLAND SWITZERLAND GMBH 1,000 1,000.00 100.00
*Directors' Details*
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(1)
Mr. John David Crimmins III
USA passport no. :
057016553
Address : 14
Lindsay Lane Reading Massachusetts 01867 USA
Date of appointment : 31 March,
2007
(2)
Mr. Gregory Michael Saltzberg
USA passport no. :
203035536
Address : 4 Ingalls Way Middleton Massachusetts
01949 USA
(3)
Mr. Jeffrey B. Swartz
USA passport no. :
102183813
Address : 29
Merrill Rd Newton Massachusetts 02459 USA
*Company Secretary*
=================
LINKLATERS COMPANY SECRETARIAL SERVICES LTD
Address : 10Fl Alexandra House
Chater Rd Hong Kong
CR no. : 800027
Management: Ms. Janice Lee, Manager
Name Nationality
Job Description Dept. / Division
Ms. Janice Lee Hong
Kong Manager Marketing
*Key Personnel*
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Ms. Janice Lee
Tel no. : 26342803
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of garments and footwear.
2. Distribution of the products to local and international markets.
Products: Clothing accessories
Fashion
accessories
Footwear
Leather
footwear
*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 to South East
Asia.
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a representative office in Vietnam. Details are as follows:
Address : Ton Duc Thang Ben
Nghe Ward Dist 1 Tp Ho Chi Minh City Vietnam
Tel no. : 9104629
CR no. : 41-001318
Manager : Mr. Simon Luke
Sharrocks
*Strategic Partners & Alliances*
========================
Maintains 5,300 employees in the Group.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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 SMALLL 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 AMERICA (ASIA) LTD
Branch : Quarry
Bay, Hong Kong
Branch Address : 17Fl
Taikoo Place - Devon House 979 King's Rd Quarry Bay Hong Kong (Head
Office)
SWIFT Code :
BOFAHKAX
SC is considered medium-sized in its line with favorable. 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 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories,
Trading 3149 Footwear,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3926205050 Articles
of apparel & clothing accessories of plastic,
Trading 4203100090 Articles
of apparel
Trading 6100 Articles
of apparel & clothing accessories-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
Trading 6309 Worn
clothing and other worn textile articles
Trading 6403 Footwear,
outer sole rub, plastic or lea & upper leather
Trading 6404206040 Footwear
with outer soles of leather or composition leather and textile uppers, for men
Trading 6404206060 Footwear
with outer soles of leather or composition leather and textile uppers, for
women
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
Importing from South Korea
Importing from Taiwan
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%)