MIRA
INFORM REPORT
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Report Date : |
29.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SADESA COMERCIAL
OFFSHORE DE |
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Registered Office : |
18FL |
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Country : |
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Date of Incorporation : |
14.09. 2004 |
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Com. Reg. No.: |
SO 19518 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Importing of Leather such as bovine leather for the footwear, leather
goods and upholstery industries. Sales and Distribution of imported 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SADESA COMERCIAL
OFFSHORE DE
18FL
TEL: 853-28757664 FAX: 853-28757678
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 14, 2004
REGISTRATION NO. : SO 19518
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. WALTER JOSEPHUS JACOBUS KLAVERDIJK (DIRECTOR)
STAFF STRENGTH :
4
CAPITAL :
US$ 12,484
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75083 = 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 –
Issuing Authority : Registrar
of Companies of
Key Industry :
Leather Goods, Tanned & Imitation
*Capital Details*
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Authorized capital : MOP 100,000, fully paid
*Office & Facilities*
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Size : 900 sq ft (Approx.)
Location : Commercial District
Type of building :
Other tel no. :
28757677
Website: www.sadesa.com
The design is professional and the content is well
organized. At present it is both in Chinese and English versions.
For the past two years there is no record of litigation.
*OWNERSHIP*
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Direct / Indirect Corporate Parent Details
Direct Parent : SADESA URUGUAY INT'L SA
Country :
*SHAREHOLDERS*
=================
Total number of shareholders : 1
Total number of shares : n/a
No. Shareholders Country Number Amount
(MOP) %
1 SADESA URUGUAY INT'L SA
*COMPANY DIRECTORS*
======================
1
Personal Unique Identifier :
MI01352537
Name :
Mr. Walter Josephus Jacobus Klaverdijk
Nationality :
Argentine
ID/Passport No. : K809555(8)
Registered Address :
Flat B, 9Fl The Grand Panorama Block 2,
Country of Residence :
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of leather such as bovine leather for the footwear, leather
goods and upholstery industries.
2. Sales and distribution of imported products to local and export
markets.
3. Also provides intermediary, administration and support business
services.
Products : Administration
Bovine leather
Intermediary
Leather
Leather goods
Brand SADESA
*Payment Terms*
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Sales
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Local : 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 to
manufacturers and reseller.
*Imports*
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100% of the leather goods are imported.
*Export Markets*
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Part of the annual turnover is attributed to export worldwide.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : SADESA
(HK) LTD
Address :
Country :
Relationship :
Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry :
Leather Goods, Tanned & Imitation
*Strategic Partners & Alliances*
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Group name :
SADESA Group
Group members : NANHAI
MIMOSA LEATHERS LTD,
PAN ASIA LEATHER CO LTD,
Other Group's factories include :
Plant 1
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Location :
Date established : May 1999
Details : A joint
venture with BANGKOK RUBBER Group (BRG), has monthly output of 1.5 million sq.
ft. of finished leather
Plant 2
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Location : Laem Chabang
Date established : January 2003
Details :
Operations in a bonded industrial warehouse in Laem Chabang for raw materials, mainly wet blue. This operation
consolidates the reception, complete quality control and storage of the raw
material received from worldwide sourcing network, with a capacity to store
100.000 wet blue whole hides. Soaking, sammying,
sorting, measuring and splitting is done in this facility, and wet blue sides
are then distributed on a daily basis to the production facilities of
Plant 3
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Location :
Details :
Operates the largest tannery in
Plant 4
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Location :
Details :
Operates the largest tannery in
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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.
*BANK DETAILS*
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Bank Name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch :
Branch Address : 122 Avenida
Horta de Costa
SWIFT Code : HSBCMOMX
*Financials*
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered small-sized in its line with a development history of 4
years. It is considered a credit line up to USD 5,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300 Business
Services
Trading 3100 Leather
and Leather Products
Trading 3111 Leather,
tanned or finished
Trading 3199 Leather
goods
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real
estate, hotels, and misc repairs
Trading 4104 Bovine
or equine leather, no hair
Trading 4104299070 Bovine
leather and equine leather, without hair on, blue splits
Trading 4203 Articles
of apparel & access, leather & comp leather
Trading 4205 Articles
of leather
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Leather
goods
Trader Bovine
leather
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Country / Region
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)