MIRA
INFORM REPORT
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Report Date : |
21.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
FASHION HIGHLIGHT LTD |
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Registered Office : |
Unit 708-9 Mega Trade Centre 1 Mei Wan St
Tsuen Wan New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.03.1993 |
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Com. Reg. No.: |
0411319 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading Wide Range of Garments.
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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
FASHION
HIGHLIGHT LTD
UNIT 708-9 MEGA TRADE CENTRE 1 MEI WAN ST
TSUEN WAN NEW TERRITORIES, HONG KONG.
TEL: 852-24172318 FAX: 852-24172313
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 23, 1993
REGISTRATION NO. :
0411319
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
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 7.80656 = 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 : 0411319
Date issued : 23
March, 1993
Issuing authority : Companies
Registry
Type of license :
Corporate
(2)
License number : 16750702-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Office & Facilities*
===============
Note: The company's website is under construction.
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 10.00 divided into 10 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. Robert Ho-keung Lee can sign on behalf of the company with seal
affixed.
*Registrars*
==========
INTER-CON SECRETARIAL SERVICES LTD
fhldhk-bd.com SC’s website is
unable to be landed at present for the technical reason.
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares
: 10
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------
----------------------------
------------------------------- ---------------
HEINRICH OBERMEYER GMBH & CO 8 8.00 80.00
Andreas Burger 2 2.00 20.00
Note : On 27 October, 2006, HEINRICH OBERMEYER GMBH & CO transferred
one (1) ordinary share to Andreas Burger.
*Directors' Details*
==============
(1)
Mr. Robert Ho-keung Lee
ID number : D086058(2)
Tel. no. :
24167070
Address :
Flat A 23Fl Hong Kong Gold Coast - Tower 9, 1 Castle Peak Rd, Tuen Mun, New
Territories Hong Kong
(2)
Mr. Raymond Kwai-cheong Tse
ID number :
A602155(A)
Address :
32B Block 2 Cavendish Heights Jardine's Lookout 33 Perkins Rd, Hong Kong Hong
Kong
Shareholder's Details
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Andreas Burger
Address : Drususgasse 8 Bregenz
6900 Austria
*Company Secretary*
=================
Mr. Raymond Kwai-cheong Tse
ID number :
A602155(A)
Address :
32B Block 2 Cavendish Heights Jardine's Lookout 33 Perkins Rd, Hong Kong Hong
Kong
SC declined to release its management background at present.
*Main Products & Services*
=====================
Specializes in trading wide range of garments.
Products: Garments
*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
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
53
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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 : BAYERISCHE HYPO-UND VEREINSBANK AG
Branch : Central Hong Kong
Swift code : BVBEHKHH
SC is considered small-sized in its line with a long history. 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,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6114 Garments,
knitted or crocheted
Trading 6210 Garments,
of felt etc, or fabric impregnated etc
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to Germany
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%)