MIRA INFORM
REPORT
|
Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
MARKPEAK
LTD. |
|
|
|
|
Registered Office : |
Room 704, 7/F., Block A, Po Lung Centre, 11 Wang Chiu
Road, Kowloon Bay, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
07.08.1981 |
|
|
|
|
Com. Reg. No.: |
07371490 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Buying Office and Exporter of all kinds of electronic watches, alarm and wall clocks and electrical appliances |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Hong Kong |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bottom of Form
Company name
MARKPEAK LTD.
Company ADDRESS
Room 704, 7/F., Block A, Po Lung Centre, 11 Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2796 2578, 2731 8350
FAX: 2796 2871, 2197 9502
E-MAIL: sales.enquiry@markpeak.com
MANAGEMENT
Managing Director: Mr. E.J.W. Janssen Van Den Doornmalen
SUMMARY
Incorporated on: 7th August, 1981.
Organization: Private Limited Company.
Capital: Nominal: HK$2,000,000.00
Issued: HK$2,000,000.00
Business Category: Buying Office and Exporter.
Annual Turnover: HK$65~70 million.
Employees: 25. (Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Company ADDRESS
Registered Head Office:-
Room 704, 7/F., Block A, Po Lung Centre, 11 Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong.
Associated Factories:-
Markpeak Appliances (Shenzhen) Ltd., China.
Shanghai Mapana Household Products Ltd., China.
Holding Company:-
Mapana Ltd., Hong Kong. (Same address)
Affiliated/Associated Companies:-
· Mapana (Middle East) FZCO, UAE.
· Salton Hong Kong Ltd., Hong Kong. (Same address)
· Shanghai Peak Performance Trading Co. Ltd., China.
BUSINESS REGISTRATION NUMBER
07371490
COMPANY FILE NUMBER
0101409
MANAGEMENT
Managing Director: Mr. E.J.W. Janssen Van Den Doornmalen
Contact Person: Mr. Vicky Chan
CAPITAL
Nominal Share Capital: HK$2,000,000.00 (Divided into 2,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$2,000,000.00
SHAREHOLDERS
(As per registry
dated 07-08-2010)
|
Name |
|
No. of shares |
|
Mapana Ltd., Hong Kong. |
|
1,999,999 |
|
E.J.W. Janssen Van Den DOORNMALEN |
|
1 |
|
|
|
–––––––– |
|
|
Total: |
2,000,000 ======= |
DIRECTOR
(As per registry dated
07-08-2010)
|
Name (Nationality) |
Address |
|
E.J.W. Janssen Van Den DOORNMALEN (Dutch) |
House 262, Lot 167, DD 235, Sheung Sze Wan, Sai Kung, New Territories, Hong Kong. |
SECRETARY
(As per registry
dated 07-08-2010)
|
Name |
Address |
Co.
No. |
|
Sunta (Nominees) Ltd. |
Room 1801-1803, 18/F., Tung Ning Building, 249-253 Des Voeux Road Central, Hong Kong. |
0097022 |
HISTORY
The subject was incorporated on 7th August, 1981 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: Buying Office and Exporter.
Lines: All kinds of electronic watches, alarm and wall clocks and electrical appliances.
Brand Names: George Foreman, Russell Hobbs, Westinghouse and Ultrasonex.
Employees: 25. (Hong Kong)
400. (China)
Commodities Imported: Bought in Hong Kong and also from China and Macau.
Markets: Europe.
Annual Turnover: HK$65~70 million.
Terms/Sales: L/C, T/T, D/P, etc.
Terms/Buying: L/C, T/T, etc.
MEMBERSHIP
· Federation of Hong Kong Industries, Hong Kong. [Member No. A3964]
· Hong Kong Productivity Council, Hong Kong.
FINANCIAL INFORMATION
Nominal Share Capital: HK$2,000,000.00 (Divided into 2,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$2,000,000.00
Alternation of Capital:-
|
07-08-1981 |
paid up |
HK$ 2.00 |
|
30-09-1981 |
paid up |
HK$ 499,998.00 |
|
26-06-1985 |
paid up |
HK$ 1,500,000.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 2,000,000.00 ============== |
Increases of Nominal Capital:-
|
From |
HK$ 10,000.00 |
to |
HK$ 500,000.00 |
on |
04-09-1981 |
|
From |
HK$500,000.00 |
to |
HK$2,000,000.00 |
on |
26-06-1985 |
Profit or Loss: Traded at a profitable angle.
Condition: Business is active.
Facilities: Making rather active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
· Delta Asia Credit Ltd., Hong Kong.
· Calyon, Hong Kong Branch.
· Deutsche Bank AG, Hong Kong Branch.
· China Construction Bank (Asia) Corporation Ltd., Hong Kong.
Standing: Good.
GENERAL
Markpeak Ltd. is a wholly-owned subsidiary of Mapana Ltd. which is a Hong Kong-registered firm located at the subject’s operating address.
The subject’s old director Ms. Kwok Suk Yee, Helina who is a Hong Kong businesswoman resigned on 2nd November, 2009. Now, the Managing Director of the subject Mr. E.J.W. Janssen Van Den Doornmalen is a foreigner who has been in Hong Kong for a very long time. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
Established in 1981, the subject is trading in household electric appliances. It has been serving many OEM customers from the world, and its products are in conformity with international standards required by different countries.
The subject has got two factories in China, namely, Markpeak Appliances (Shenzhen) Ltd. and Shanghai Mapana Household Products Ltd. The former is in Shenzhen Special Economic Zone while the latter, in Shanghai, China.
The subject has had its own in-house designing team. Employing about 400 persons in total, both of the two factories have got ISO 9001 certification.
The subject’s significant brands are “George Foreman”, “Russell Hobbs”, “Westinghouse” and “Ultrasonex”. Most of the products are kitchen electric appliances such as electric water kettle, slow cooker, rice cooker, roaster oven, toothbrush, grill, baby care product, etc.
The subject’s products are marketed and distributed by Salton Inc. [Salton] which is a US-based firm. Besides North America, the subject’s other markets include China, Southeast Asia, Australia, Europe, Scandinavia, the Middle East, Central and South America, etc.
Salton is a global leading
designer, marketer and distributor of branded small appliances and personal
care products. Salton sells its products under a
portfolio of well-recognized brand names such as “Salton®”, “George Foreman®”,
“Toastmaster®”, “Melitta®”, “Russell Hobbs®”,
“Farberware®”, “Ingraham®” and “Stiffel®”. Since 1995, Salton has sold worldwide over
one hundred million units of grills under the “George Foreman”
brand. Now, Salton has established
marketing channels in major cities in China such as Shanghai, Beijing,
Guangzhou and Chengdu.
The subject and its associated companies in China are also selling the products of “Westinghouse”.
Having years of experience in operation in China, the subject has diversified its business into many different fields. It has developed small household electric appliances and set up buying offices in Shenzhen and Shanghai, apart from its own factories. Its Shanghai firm, owned by the subject, is known as Shanghai Peak Performance Trading Co. Ltd.
The subject’s business in Hong Kong is chiefly handled by Doornmalen himself. Annual sales turnover ranges from HK$65 to 70 million. Business is rather profitable.
The subject has had premises located at Unit 4, 7/F., Block A, Po Lung Centre, 11 Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong.
On the whole, having a history of about thirty years in Hong Kong, the subject is considered good for normal business engagements.
REMARKS:
Court Cases: None per our.
Property information of the company:-
|
Property Location |
Owner |
Date of Purchase |
Purchased |
|
Unit 4 on 7/F., Po Lung
Centre, |
Markpeak Ltd. |
27-02-1987 |
HK$1,281,000 |
(No mortgage record registered against the property)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.