MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
EGGERDING ASIA
LTD. |
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Registered Office : |
Room 1203-1205 12/F., Yu |
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Country : |
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Date of Incorporation : |
03.03. 2006. |
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Com. Reg. No.: |
36554669 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Minerals, Chemicals, etc. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
EGGERDING
ASIA LTD.
hADDRESS
Room 1203-1205
12/F., Yu Yuet Lai Building, 43-55 Wyndham Street, Central, Hong Kong.
PHONE: 2523 0631, 2523 0632
FAX: 2523 7208
E-MAIL: info@eggerding.com
MANAGEMENT
Managing
Director: Mr. Frederique-Marie Van Der
Linde
SUMMARY
Incorporated on: 3rd March, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 12.
Main Dealing Banker: ABN AMRO Bank N.V., Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Registered Office:-
B1 & B2,
16/F., Chung Hing Commercial Building, 62-63 Connaught Road Central, Hong Kong.
Head Office:-
Room 1203-1205
12/F., Yu Yuet Lai Building, 43-55 Wyndham Street, Central, Hong Kong.
Holding Company:-
Eggerding Holding
B.V., The Netherlands.
Affiliated Companies:-
Eggerding B.V.,
The Netherlands.
Eggerding
Deutschland GmbH, Germany.
Eggerding South
Africa (Pty) Ltd., South Africa.
BUSINESS REGISTRATION NUMBER
36554669
COMPANY FILE NUMBER
1027951
MANAGEMENT
Managing
Director: Mr. Frederique-Marie Van Der
Linde
CAPITAL
Nominal Share Capital:
HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
SHAREHOLDER
(As per registry dated 03-03-2008)
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Name |
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No. of shares |
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Eggerding Holding B.V. Coenhavenweg 22, 1013 BL Amsterdam, The Netherlands. |
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10,000 ===== |
DIRECTOR
(As per registry dated 03-03-2008)
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Name (Nationality) |
Address |
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Frederique-Marie
VAN DER LINDE |
Coenhavenweg 22, 1013 BL Amsterdam, The
Netherlands. |
SECRETARY
(As per registry dated 03-03-2008)
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Name |
Address |
Co. No. |
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Shen
Laroche Corporate Services (HK) Ltd. |
B1 & B2, 16/F., Chung Hing Commercial Building, 62-63 Connaught
Road Central, Hong Kong. |
861924 |
HISTORY
The
subject was incorporated on 3rd March, 2006 as a private limited liability
company under the Hong Kong Companies Ordinance.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Minerals, chemicals, etc.
Employees: 12.
Commodities Imported: Europe, Asian countries, etc.
Markets: China, Asia and Pacific regions, etc.
Annual Turnover:
Not reported.
Terms/Sales: As
per contracted.
Terms/Buying: L/C or as per contracted.
MEMBERSHIP
The Dutch Chamber
of Commerce in Hong Kong, Hong Kong.
FINANCIAL INFORMATION
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
Profit & Loss: Kept a balance account in 2007.
Condition: Business is still under
development.
Facilities: Making active use of general
banking facilities.
Payment: Met as required.
Commercial
Morality: Satisfactory.
Banker: ABN AMRO Bank N.V., Hong Kong Branch.
Standing: Normal.
GENERAL
Eggerding
Asia Ltd. is a wholly-owned subsidiary of Eggerding Holding B.V. [Eggerding],
which is based and registered in the Netherlands.
Eggerding
is trading in industrial minerals.
The
subject is also engaged in the same lines of business as Eggerding. It is servicing China, the rest of Asia and
the Pacific (Australia and New Zealand) regions. The subject is responsible for the central
co-ordination, accumulation and execution of all sales and purchases of the
Eggerding Group.
China
is one of the largest producers of minerals and chemicals. It is also the fastest growing economy in the
world, and is expected to outgrow America by 2019. As a result, China needs to import of raw
materials in order to fulfil its growth capacities. In view of this, Eggerding considers itself
an important partner of China. It
provides Chine with high quality minerals as well as the technology of minerals
processing. The subject is planning to
open a milling facility in Asia in the immediate future.
Eggerding
has historically served not only as a specialist in industrial minerals, but
also has been involved in the logistic services (including loading,
discharging, packing and distribution) of other materials. The Amsterdam facility has a large deep-sea
quay and a large warehouse. In
Amsterdam, Eggerding is only engaged in toll processing activities. The large milling facility is suitable for
grinding and micronizing hard and soft and iron-free, materials. Each mill is dedicated to one product
(group). Eggerding also has got the ISO
9001:2000 certification.
Besides
the subject, Eggerding has set up affiliated firms in Germany and South
Africa. The Chairman of the Eggerding
Group is Mr. Frederique-Marie Van Der Linde who is a Dutch.
The
subject is fully supported by the Eggerding Group.
On
the whole, consider the subject good for normal business engagements.
COURT CASES: None
per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)