MIRA
INFORM REPORT
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Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
VINS DE FRANCE CORP. LTD. |
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Registered Office : |
8FL Winsan Tower 98 Thomson Rd.Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.04. 1997 |
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Com. Reg. No.: |
0605211 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of a wide range of Wines. Sales and Distribution of Imported Products to local and Overseas 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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
VINS
DE FRANCE CORP. LTD.
8FL WINSAN TOWER 98 THOMSON RD.
WANCHAI, HONG KONG
TEL: 852-28035760 FAX: 852-28035774
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 23, 1997
REGISTRATION NO. :
0605211
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PHILIPPE JEAN DEGRANGE (CHAIRMAN)
STAFF STRENGTH :
12
CAPITAL :
US$ 102,828
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 10,000
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 Registration*
==================
(1)
License number : 0605211
Date issued : 23 April, 1997
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 20874659-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 800,000.00 divided into 800,000 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
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Other e-mail : contact@vinsdefrance.com.hk
*Approved Signatures*
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Only SECRETARIAL SERVICES LTD can sign on behalf of the company with
seal affixed.
www.vinsdefrance.com.hk
The design is professional and the content is well organized. At present it is in
English version.
E-mail: vdfclub@vinsdefrance.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 4
Total number of shares: 800,000
Shareholders Country
Number Amount (HKD) %
------------------ ----------- ------------- ------------------ -------
Mr. Philippe Jean Degrange France 716,648.00 716,648.00 89.58
Mr. Francois Denis Thailand 42,850.00 42,850.00 5.36
Mr. Oliver Bon-hoa Hui Hong Kong 40,500.00 40,500.00 5.06
M/s. Virginia Wai-kam Chan Hong Kong 2.00
2.00 -
*Directors' Details*
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Shareholders' Details
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Shreholders' name Address
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Francois
Denis
Garden House Village 449/30 Soi Nonsi Chong Nonsi Rd Yannawa 10120
Bangkok, Thailand
Oliver
Bon-hoa Hui
8Fl Lee Chune Bldg 157 Lochkart Rd Wanchai Hong Kong
Virginia
Wai-kam Chan
1D Moonfair Mansion 11 Shiu Fai Terrace Wanchai Hong Kong
*Corporate Secretary*
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SECRETARIAL SERVICES LTD
Address : Unit 1305 Tai Tung Bldg 8 Fleming Rd Wanchai Hong Kong
C. R. no : 0726185
Management: Mr. Julien Amoris, Manager
Name Nationality
Job Description
Mr. Julien Amoris French Manager
*COMPANY DIRECTORS*
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Name :
Mr. Philippe Jean Degrange
Nationality :
France
ID/Passport No. :
00RE63928
Registered Address : 1D
Moonfair Mansion 11 Shiu Fai Terrace, Wanchai, Hong Kong
Country of Residence : Hong
Kong
Date of Appointment : 27 Jun,
2007
*Main Products & Services*
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Specializes in the following areas of work:
1. Import of a wide range of wines.
2. Sales and distribution of imported products to local and overseas
markets.
Carries the following brands:
- Les Jamelles
- Chateaux En Bordeaux
Products: Grape wines
Table wines
Wines
*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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Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*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.
*IMPORTER AGENCY LISTING*
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Supplier : CAVE DE TAIN L'HERMITAGE
Country of Origin : France
Product Description : Wines
Brand : Cave De Tain
Year : 2000
Supplier : CAVE DE RASTEAU
Country of Origin : France
Product Description : Wines
Brand : Cave De Rasteau
Year : 2000
Supplier : VENTISQUERO
Country of Origin : Chile
Product Description : Wines
Brand : Ventisquero
Year : 2000
Supplier : GREENSTONE POINT
Country of Origin : New Zealand
Product Description : Wines
Brand : Greenston Point
Year : 2000
Supplier : BODEGAS CALLIA
Country of Origin : Argentina
Product Description : Wines
Brand : Bodegas Callia
Year : 2000
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.
*BANK DETAILS*
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Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central, Hong Kong
Branch Address : 9Fl
HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
HSBCHKHH
SC is considered small-sized in its line with a development history of 11
years. Taking into consideration of SC’s general performance, a credit line up
to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2084 Wines, brandy, and
brandy spirits
Trading 2085 Distilled,
rectified, and blended liquors
Trading 5182 Wine/Distilled
Alcohol Bev
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2200 Beverages, spirits
& vinegar
Trading 2204 Wine of fresh
grapes; grape must
Trading 2208200000 Spirits
obtained by distilling grape wine or grape marc (grape brandy)
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Macau
Importing from Argentina
Importing from Chile
Importing from Europe
Importing from France
Importing from New Caledonia
Importing from New Zealand
Importing from South America
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%)