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MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
MONDIAL SERVICES (HONG KONG) LTD |
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Registered Office : |
18FL Millennium City 6, 392 Kwun Tong Rd Kwun Tong Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.12.1979 |
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Com. Reg. No.: |
0076767 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Men's and Boy's Clothing. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
MONDIAL
SERVICES (HONG KONG) LTD
18FL MILLENNIUM CITY 6, 392 KWUN TONG RD
KWUN TONG KOWLOON, HONG KONG.
TEL: 852-27326222 FAX: 852- 23693185
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 21, 1979
REGISTRATION NO. :
0076767
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 513,479
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 100,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77358 = 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
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Registered Legal Address: Rm 1107 Harbour Crystal Centre 100 Granville
Rd Tsimshatsui East Kowloon
*Company Registration*
==================
(1)
License number : 0076767
Date issued : 21 December, 1979
Issuing authority : Companies Registry
Type of License : Corporate
(2)
License number : 06395994-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of License : Business
(3)
License number : 06395994-003
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of License : Business
(4)
License number : 06395994-001
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of License : Business
*Capital Details*
=============
Share value :
HKD 1.00/-each
Authorized capital : HKD
4,000,000.00 breakdown as follows:
- HKD
1,000,000.00 divided into 1,000,000 ordinary 'A' shares
- HKD 2,000,000.00
divided into 2,000,000 ordinary 'B' shares
- HKD
1,000,000.00 divided into 1,000,000 unclassified shares
Issued & paid-up capital: HKD 3,000,000.00 breakdown as follows:
- HKD
1,000,000.00 divided into 1,000,000 ordinary 'A' shares
- HKD
2,000,000.00 divided into 2,000,000 ordinary 'B' shares
*Office & Facilities*
===============
Previous address : Rm 1104-6, 11Fl Harbour Crystal Centre 100 Granville
Rd Tsimshatsui East Kowloon
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Philip Booth can sign on behalf of the company with seal
affixed.
*Registrar*
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TRICOR SERVICES LTD
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SC is not known to host website of its own at present.
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholder: 1
Total number of shares :
3,000,000
Shareholder's Name Type
of Shares No. of Shares Amount of Shares (HKD) % of Shares
-----------------------
------------------
----------------
------------------------------- -------------
MOL HOLDINGS LTD Ordinary
'A' 1,000,000 1,000,000.00 100.00
Ordinary 'B' 2,000,000 2,000,000.00
*Company Secretary*
=================
TRICOR STRATH LTD
CR No : 4873
Address: 28Fl Three Pacific Place 1 Queen's Rd East Hong Kong
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*Company Directors*
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1
Name :
Mr. James Ying-wai Lai
Nationality :
Hong Kong
ID/Passport No. :
D302720(2)
Registered Address : Flat
1707 Block 47 Heng Fa Chuen
Country of Residence : Hong
Kong
2
Name : Mr.
Philip Booth
Nationality :
Hong Kong
ID/Passport No. :
740110560
Registered Address : Unit 9D
8-10 Headland Rd, Repulse Bay, Hong Kong
Country of Residence : Hong
Kong
3
Name :
Mr. Philip Chamberlain
Nationality :
United Kingdom
ID/Passport No. :
740110560
Registered Address :
Eikestraat 11, Tervuren, 3080
Country of Residence : Belgium
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*Main Products & Services*
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Specializes in trading of men's and boy's clothing.
Products: Boys' clothes
Men's & boy's
clothing
Men's clothing
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 3 OBTAINED
SCORES : 60
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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 MODERATE amounts
depending on individual judgement experience.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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Credit Amount: USD 40,000,000.00
SC is considered small-sized in its line with a long history. A credit
line at the above amount appears beyond SC’s capacities, while a credit line up
to USD 100,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2329 Men's and
boys' clothing,
Trading 2389 Apparel and
accessories,
Trading 5136 Clothing
& Furnishing, male
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100090 Articles
of apparel
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6103 Men's
or boys' suits, ensembles etc, knit or crocheted
Trading 6117 Made-up
clothing access. parts etc. knit etc
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%)