MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
PENINSULA MERCHANDISING LTD |
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Registered Office : |
The Peninsula Office Tower 18 Middle Rd Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.12.2003 |
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Com. Reg. No.: |
0874603 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchase of wide range of groceries and other related products. Sales and Distribution of purchased products to local and export
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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
PENINSULA
MERCHANDISING LTD
THE PENINSULA OFFICE TOWER
18 MIDDLE RD KOWLOON, HONG KONG
TEL: 852-27348181 FAX: 852-27348180
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 10, 2003
REGISTRATION NO. :
0874603
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MARTIN WAN-POR YIM (MANAGER)
STAFF STRENGTH :
15
CAPITAL :
US$ 1,285
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 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80924 = 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: 8Fl St George's Bldg 2 Ice House St Central
Hong Kong
Business / Branch Name (DBA): PENINSULA BOUTIQUE, THE
PENINSULA BOUTIQUE
& CAFE, THE
*Company History*
===============
19 April, 2007 - Opened its PENINSULA
BOUTIQUE, THE outlet in Shin Kong Place, Japan.
26 April, 2007 - Opened its
PENINSULA BOUTIQUE, THE outlet in Mitsukoshi Ebisu, Japan.
27 April, 2007 - Opened its
PENINSULA BOUTIQUE, THE outlet in Sogo Yokohama, Japan.
2 November, 2007 - Opened its PENINSULA BOUTIQUE, THE outlet in Salon de
Izutsuya U, Japan.
1 April, 2008 - Opened its
PENINSULA BOUTIQUE, THE outlet in DFS Galleria Hong Kong.
*Company Registration*
==================
(1)
License number : 0874603
Date issued : 10 December, 2003
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34190235-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as :
PROSPER POWER DEVELOPMENTS LTD
Date of incorporation : 10 December, 2003
Changed name to :
PENINSULA MERCHANDISING LTD
Date of change : 24
December, 2003
*Capital Details*
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Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares at HKD 1.00/-each
*Approved Signatures*
===================
Only HSH COMPANY SECRETARIAL SERVICES LTD can sign on behalf of the
company with seal affixed.
www.peninsulaboutique.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: boutique-online@peninsula.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 2
Shareholders Country Number Amount (HKD) %
----------------- ------------- ------------ -------------------- --------
HSH HOLDINGS LTD Hong Kong 1.00 1.00 50.00
Mr. Clement King-man Kwok Hong Kong 1.00 1.00 50.00
*Company Secretary*
=================
HSH COMPANY SECRETARIAL SERVICES LTD
Address : 8Fl St George's Bldg 2 Ice House St Central Hong Kong
CR no : 305488
Management: Mr. Martin Wan-Por Yim, Manager
Name Nationality
Job Description Dept. / Division
Mr. Martin Wan-Por Yim Hong
Kong Manager Merchandising
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Local purchase of wide range of groceries and other related products.
2. Sales and distribution of purchased products to local and export
markets.
Products: Almond cookies
Almond crown
cookies
Almond nougat
Assam tea
Assorted
chocolates
*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
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
================================
Company Name : CATHAY PACIFIC AIRWAYS LTD
Address : 2-3-6, Ginza Ginza Namikidori Building Chuo-Ku, Tokyo Tokyo
104-0061 Japan
Country : Japan
Relationship : Affiliate
Legal Form : Private company with limited liability
Industry : N/A
Company Name : DFS HONG KONG LTD
Address : Rm 601, 6Fl Chinachem Golden Plaza 77 Mody Rd Tsimshatsui East
Kowloon Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
Company Name : HONG KONG INT'L AIRPORT
Address : Hongkong Int'l Airport - Airport Authority Bldg 1 Cheong Yip
Rd Lantau Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : PENINSULA BANGKOK, THE
Address : 333 Charoennakorn Rd Khlong San Bangkok 10600 Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : PENINSULA CHICAGO LLC
Address : 108 East Superior St (At North Michigan Ave) Chicago 60611
Illinois USA
Country : USA
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : PENINSULA HOTEL, THE
Address : Salisbury Rd Tsimshatsui Kowloon Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : PENINSULA MANILA HOTEL, THE
Address : Ayala Ave Cnr Makati Ave Ayala-Paseo De Roxas Makati 1226 NCR
Philippines
Country : Philippines
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : PENINSULA OF TOKYO LTD
Address : 1-8-1 Yurakucho Chiyoda-ku Tokyo 1000006 Japan
Country : Japan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : PENINSULA PALACE BEIJING, THE
Address : 8, Goldfish Lene, Wangfujing Avenue, Dongcheng District
Beijing Beijing 100006 China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Industry : N/A
Company Name : PENINSULA SHANGHAI, THE
Address : B1, 32 The Bund 32 Zhongshan Dong Yi Rd Shanghai 200002 China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Hotel, Entertainment & Recreation
Company Name : SIAM PARAGON DEVELOPMENT CO LTD
Address : Unit A 19Fl Siam Tower Bldg 989 Rama I Rd Pathum Wan Bangkok
10330 Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains Peninsula Boutique outlets in the following countries :
Japan
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- Shin Kong Place
- Mitsukoshi Nihonbashi
- Fukuya Hacchobori
- Mitsukoshi Ebisu
- Daimaru Shinsaibashi
- Matsuzakaya Nagoya Honten
- Sogo Yokohama
- Salon De Izutsuya U
Taiwan
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- Shin Kong Mitsukoshi Hsinyi
- Shin Kong Mitsukoshi Nanjing
*Branches*
=========
(1)
Maintains branches within Hong Kong Int'l Airport in the following
locations :
- Level 6, Restricted Area, East Hall
- Level 6, Restricted Area, West Hall
- Level 6, Restricted Area, Central Concourse
- Level 6, Restricted Area, North Concourse
- Level 6, Restricted Area, South Concourse
- Level 6, Restricted Area, Southwest Concourse
- Level 6, Restricted Area, East Hall
- Level 6, Restricted Area, West Hall
- Level 5, Restricted Area, Arrivals Pre-Immigration Hall
(2)
Also maintains outlet in DFS Galleria Hong Kong.
PAYMENT RATING : 3 OBTAINED SCORES :
56
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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 development history of 5
years. A credit line at the above amount appears beyond SC’s capacities, while
a credit line up to USD 50,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2000 Food and
Kindred Products
Trading 2034 Food
products, dried and dehydrated
Trading 2035 Pickled fruits
and vegetables, vegetable sauces and seasonings, and salad dressings
Trading 2052 Cookies
& Crackers
Trading 2064 Candy and
other confectionery products
Trading 2066 Chocolate
and cocoa products
Trading 2084 Wines,
brandy, and brandy spirits
Trading 2086 Bottled and
canned soft drinks and carbonated waters
Trading 2095 Roasted
coffee
Trading 2099 Food
products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 0900 Coffee,
tea, mate & spices
Trading 1700 Sugars
& sugar confectionery
Trading 1806 Chocolate & other food products
containing cocoa
Trading 1905 Bread,
pastry cakes etc: comm wafers, empty caps etc
Trading 1905901041 Pastries,
cakes and similar sweet baked products, puddings, whether or not containing
chocolate, fruit, nuts or confectionery, frozen
Trading 2103 Sauces
& prep; mixed condiments, mustard flour etc
Trading 2103906090 Other
sauces and preparations
Trading 2106 Food
preparations
Trading 2106906085 Confectionery
(including gum) containing synthetic sweetening agents (e.g., saccharin)
instead of sugar
Trading 2200 Beverages,
spirits & vinegar
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Assorted fruit
candies
Trader Soft almond
nougat
Trader Crunchy almond
nougat
Trader Chinese black
tea
Trader Assam tea
Trader Cinnamon black
tea
Trader Mango black
tea
Trader Fruit black tea
Trader Peach black
tea
Trader Raspberry
black tea
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Japan
Exporting to North America
Exporting to Philippines
Exporting to South Korea
Exporting to Taiwan
Exporting to Thailand
Exporting to 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%)