MIRA
INFORM REPORT
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Report Date : |
14.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CABEN ASIA PACIFIC LTD |
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Registered Office : |
8FL Tal Bldg 49-55 Austin Rd Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.07.2006 |
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Com. Reg. No.: |
1056338 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in trading of the following products: Baby & educational toys, Costume jewelry, Christmas decoration, Fashion
accessories, Health and personal care items, Footwear, Leather |
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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CABEN
ASIA PACIFIC LTD
8FL TAL BLDG 49-55 AUSTIN RD
KOWLOON, HONG KONG.
TEL: 852-27369880 FAX: 852-23754411
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 3, 2006
REGISTRATION NO. :
1056338
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. FABRIZIO GOLDONI (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 2,996,159
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79583= 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
Registered Legal Address: 28Fl Three Pacific Place 1 Queen's Rd East
Hong Kong
*Company Registration*
===================
(1)
License number : 1056338
Date issued : 3 July, 2006
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 36909620-001
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Office & Facilities*
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Comment : Also occupy
the 9th floor of the company building.
*Capital Details*
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Authorized capital : HKD 23,400,000.00 divided into 23,400,000 ordinary
shares at HKD 1.00/-each, fully paid
*Approved Signatures*
=================
TRICOR CORPORATE SECRETARY LTD can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
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 shares :
23,400,000
Shareholder's Name No. of Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ---------------- -------------------------------- ---------------
INTERNATIONAL ARTSANA SA
23,400,000 23,400,000.00 100.00
Share transfer:
Date
No of Shares
Transferor(s) Transferee(s)
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------------------
------------------- -------------------
3
July, 2006
1 TRICOR NOMINEES
LTD INTERNATIONAL ARTSANA SA
*Corporate Secretary*
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TRICOR CORPORATE SECRETARY LTD
Address : 28Fl Three Pacific Place 1 Queen's Rd East Hong Kong
CR no : 714799
Management: Mr. Giuliano Renato,
Manager
Ms. Susan Lavender, Counsel
Mr. Fabrizio Goldoni, Managing Director
Name Nationality
Job Description Dept. / Division
Mr. Giuliano Renato Italian Manager Planning
Ms. Susan Lavender Italian Counsel -
Mr. Fabrizio Goldoni Italian Managing Director -
*COMPANY DIRECTORS *
======================
1
Name :
Mr. Fabrizio Goldoni
Nationality :
Italy
ID/Passport No. :
P252822(7)
Registered Address : Flat
A1, 17Fl Block A Park View Court 1 Lyttelton Rd, Hong Kong
Country of Residence : Hong
Kong
2
Name :
Mr. Giovanni Galbiati
Nationality :
Italy
ID/Passport No. : B611459
Registered Address : Via
Mentana 11
Country of Residence : Italy
*Main Products & Services*
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Specializes in trading wide range of the following products:
- Baby & educational toys
- Costume jewelry
- Christmas decoration
- Fashion accessories
- Health and personal care items
- Footwear
- Leather
Products: Baby items
Baby toys
Battery-operated
toys
Board games
Christmas
decorations
*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)
*Exhibition Participation*
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Exhibition fair : Italian Film
Festival of Hong Kong
Year attended : 2008
Details : Organized
by the Italian Chamber of Commerce in Hong Kong under the auspices of the consulate General of Italy in Hong Kong
which has kindly provided the films sponsored by CABEN ASIA PACIFIC LTD and
ALITALIA CARGO
*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.
SC is not known to have any subsidiary at present.
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 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.
SC is considered small-sized in its line with a short history. A credit
line at the above amount appears to be beyond SC’s capacities, while a credit
line up to USD 5,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2353 Hats, caps,
and millinery
Trading 2678 Stationery
products
Trading 3100 Leather and
Leather Products
Trading 3149 Footwear,
Trading 3199 Leather
goods,
Trading 3600 Electronic
& Electric Equip.
Trading 3699 Electrical
equipment and supplies, and parts,
Trading 3931 Musical
instruments, and parts,
Trading 3944 Games,
toys, and children's vehicles, except dolls and bicycles
Trading 3951 Pens,
mechanical pencils, and parts
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3304 Beauty,
make-up & skin-care prep; manicure etc
Trading 4205 Articles
of leather
Trading 4205000000 Other
articles of leather or composition leather
Trading 4817 Envelopes,
postcards etc & boxes etc of stationery
Trading 6405 Footwear
Trading 6405909000 Other
footwear
Trading 6505 Hats
& headgear, knit etc, lace, etc in pc; hr net
Trading 6601 Umbrellas
& sun umbrellas & other umbrellas
Trading 6601990000 Umbrellas
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Educational
toys
Trader Educational
game
Trader Electronic
toys
Trader Electronic
games
Trader Inflatable
toys
Trader Musical
toys
Trader Plush
toys
Trader Pre-school
toys
Trader Board
games
Trader Radio
controlled toys
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Importing from Europe
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.84.89 |
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Euro |
1 |
Rs.68.07 |
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%)