MIRA INFORM REPORT
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Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
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Name : |
BLACK & DECKER MACAO COMMERCIAL OFFSHORE
LTD |
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Registered Office : |
C 15FL Edificio Comercial Nam Tung, 517 Avenida Da Praia Grande |
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Country : |
Macau |
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Date of Incorporation : |
11.03.2002 |
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Com. Reg. No.: |
SO 15333 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Import and local purchase of hardware, tools and home improvement
products |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Macau |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
BLACK
& DECKER MACAO COMMERCIAL OFFSHORE LTD
C 15FL EDIFICIO COMERCIAL NAM TUNG
517 AVENIDA DA PRAIA GRANDE, MACAU
TEL: 853-28780633 FAX: 853-28780635
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 11, 2002
REGISTRATION NO. :
SO 15333
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MS. GRACE KWOK (MANAGER)
STAFF STRENGTH :
20
PAID-UP CAPITAL :
MOP 100,000
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2009)
EQUITIES :
N/A (AS OF DEC. 31, 2009)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 30,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
MOP 8.00789 = US$1
Adopted abbreviations
ANS - amount not stated
NS - not stated SC - subject company (the company inquired by you)
NA - not available
M - million
MOP- Macau Patacas
*Company Name*
=============
Also known by its Portuguese name, BLACK & DECKER COMERCIAL OFFSHORE
DE MACAU LTDA.
*CAPITAL (Currency: MOP)
=====================
Authorized Capital: 100,000
Paid-up Capital: 100,000
*Office & Facilities*
===============
Size : 500 - 1,000 sq. ft.
www.blackanddecker.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: grace.kwok@bdk.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 1
Total number of shares: N/A
Shareholders Country
Number Amount (MOP) %
BLACK & DECKER Luxembourg
n/a
100,000.00 100.00
LUXEMBOURG SARL
Management: Mr. Sheila Leung,
Officer
Ms. Grace Kwok, Manager
Name Nationality Job Description Dept. / Division
Mr. Sheila Leung Macanese
Officer Administration
Ms. Grace Kwok Macanese Manager Finance
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Sheila Leung
Sex : M
2
Name : Ms. Grace Kwok
Sex : F
Email : grace.kwok@bdk.com
3
Name : Mr. Darren Gregory Pratt
Nationality : American
Registered Address : 6710 Canongate Rd ,Baltimore ,Maryland 21239
Country of Residence : USA
4
Name : Mr. Kent Jih-wen Lin
Nationality : Macanese
5
Name : Mr. Mark Maxwell Rothleitner
Nationality : Macanese
Registered Address : 10305 Princeton Circle ,Ellicott City ,Maryland
21042
Country of Residence : USA
6
Name : Mr. Vishak Sankaran
Nationality : Macanese
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of hardware, tools and home improvement
products.
2. Sales and distribution of purchased products to local and
international market.
Products: Fastening systems
Hardware
Home improvement
products
Power tools
Power tools
accessories
*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
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=====================
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.
Direct Parent: BLACK & DECKER LUXEMBOURG SARL
Country: Luxembourg
Indirect Parent: BLACK & DECKER CORP, THE
Country: USA
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains manufacturing facility in China.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 9
years. The above credit amount appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3423 Hand and
edge tools, except machine tools and hand saws
Trading 3544 Special
dies, tools, jigs, and fixtures
Trading 3546 Power
driven hand tools, and parts,
Trading 5072 Hardware
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8205 Handtools;
blow torches etc; anvils etc
Trading 8207 Interchange
tools for hand- or machine-tools, bmpt
Trading 8302 Hardware,
fixtures, castors etc & parts, base metal
Trading 8467 Tools
for working in the hand, pneumatic etc, parts
Trading 8467195090 Pneumatic
tools, hand-directed
Trading 8508 Electromechanical
tools, working in hand; parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,
Importing
Europe Exporting,
Importing
North America Exporting,
Importing
China Importing
USA Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.91 |
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UK Pound |
1 |
Rs.73.06 |
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Euro |
1 |
Rs.64.03 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.