MIRA
INFORM REPORT
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Report Date : |
16.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANDRE HK BUYING OFFICE LTD. |
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Registered Office : |
Suite 603-7, 6fl Harbour City - Wharf T & T Center 7 Canton Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.09. 1989 |
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Com. Reg. No.: |
0262712 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Shoes, Handbags and other related Fashion Accessories. Sales and Distribution of products to Local and International
Markets. |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
ANDRE
HK BUYING OFFICE LTD.
SUITE 603-7, 6FL HARBOUR CITY - WHARF T
& T CENTER
7 CANTON RD TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-27358656 FAX: 852- 27358046
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 8, 1989
REGISTRATION NO. :
0262712
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. MICHEL GODIN (MANAGER)
STAFF STRENGTH :
75
CAPITAL :
US$ 64,267
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 80,000 (PERIODICAL REVIEW)
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79834 = 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 Name*
=============
Incorporated as : KANINFORD LTD
Date of incorporation :8
September, 1989
Changed name to :
ANDRE HK BUYING OFFICE LTD
Date of change : 25 May, 1990
*Company Registration*
==================
(1)
License number : 0262712
Date issued : 8 September, 1989
Issuing authority : Companies Registry
Legal form :
Private limited company
Type of license : Business
(2)
License number : 13322356-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 500,000.00 divided into 500,000 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
================
Other tel. no. : 27358672
*Approved Signatures*
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Only Ms. Antoine Marie Franco Etienne Metzger can sign on behalf of the
company with seal affixed.
*Registrar*
=========
LEW & BARR SERVICES LTD
SC is not known to host website of its own at present.
E-mail: lucille@ahkbo.com.hk
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
: 500,000
Shareholder's Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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---------------------------------
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ANDRE INT'L BV
500,000
500,000.00
100.00
Shares transfer
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Date No. of
Ordinary Shares Transferor Transferee
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16 April, 2007 500,000 CREEKS (FAR
EAST) LTD ANDRE INT'L BV
*Company Secretary*
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WISEMAN SECRETARIAL & MANAGEMENT SERVICES LTD
Address : Rm 1201 Dina House
- Ruttonjee Centre 11 Duddell St Central Hong Kong
CR number : 40224
Management: Ms. Michel Godin,
Manager
Mr. Gilles Fries, Managing Director
Name Nationality
Job Description
Ms. Michel Godin Hong
Kong Manager
Mr. Gilles Fries Hong Kong Managing Director
*COMPANY DIRECTORS*
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1
Name : Mr. Christophe Lepage
Nationality : France
ID/Passport No. : 74 01 00 11 067
Registered Address : 11 Rue Des Longs Pres, Boulogne Billancourt, 92100
Country of Residence : France
2
Name : Mr. Claude Buffard
Nationality : France
ID/Passport No. : 74 01 00 11 067
Registered Address : 37 Rue Du Colisee, Paris, 75008
Country of Residence : France
3
Name : Mr. Gilles Fries
Nationality : France
4
Name : Ms. Antoine Marie Francois Etienne Metzger
Nationality : France
ID/Passport No. : 74 01 00 11 067
Registered Address : 81 Rue Du mal foch, La Madeleine
Country of Residence : France
5
Name : Ms. Jean-michel Noir
Nationality : France
ID/Passport No. : 74 01 00 11 067
Registered Address : 3 Rue Chernoviz, Paris, 75016
Country of Residence : France
6
Name : Ms. Michel Godin
Nationality : Hong Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading of shoes, handbags
and other related fashion accessories.
2. Sales and distribution of
products to local and international markets.
Products: Apparel
Apparel
accessories
Clothing
apparel
Fashion
accessories
Fashion
handbags
*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*
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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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains representative office in Asia.
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 MODERATE 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 medium-sized in its line with a development history of
19 years. Taking into consideration of SC’s general performance, a credit line
up to USD 80,000 appears to be within SC’s capacities upon a periodical review
basis.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2386 Leather
wearing apparel,
Trading 2389 Apparel and
accessories,
Trading 2393 Textile
bags
Trading 3021 Rubber and
plastics footwear
Trading 3144 Women's
footwear; footwear made on a basis or platform of wood, not having an inner
sole or a protective metal toe cap
Trading 3149 Footwear,
Trading 3171 Women's
handbags and purses
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4203 Articles
of apparel & access, leather & comp leather
Importing 6405202500 Footwear with uppers of textile materials, for men
Importing 6405206500 Footwear with uppers of textile materials, for persons other
than men and women
Trading 3926205000 Articles
of apparel & clothing accessories, of plastic
Trading 4202 Travel
goods, handbags, wallets, jewelry cases etc
Trading 4202213000 Handbags
of reptile leather
Trading 4202216000 Handbags
with outer surface of leather, composition leather, or patent leather, valued
not over $20 each
Trading 4202223500 Handbags,
outer surface of textile materials, wholly or part of braid, of abaca
Trading 4203100090 Articles
of apparel
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Fashion
accessories
Importer Fashion
handbags
Importer Clothing
apparel
Importer Leather
handbags
Trader Plastic
footwear
Trader Shoes
Trader Shoe
accessories
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
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%)