MIRA INFORM REPORT

 

 

Report Date :           

07.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CABEN  ASIA  PACIFIC  LTD.

 

 

Registered Office :

c/o Tricor Services Ltd., Level 28, Three Pacific Place, 1 Queen’s Road East

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.07.2006

 

 

Com. Reg. No.:

36909620

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of baby accessories, garments, toys, cosmetics, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Usually Correct 

 

 

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

 

Company name

 

CABEN  ASIA  PACIFIC  LTD.

 

 

Company ADDRESS    

 

8/F. & 9/F., TAL Building, 49 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2957 5500,  2736 9880

FAX:                 2375 4411,  2730 8888

E-MAIL:            goldoni@caben.com.hk

fabrizio.goldoni@artsana.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Fabrizio Goldoni

 

 

SUMMARY

 

Incorporated on:             3rd July, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$23,400,000.00

Issued:              HK$23,400,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   20.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Office:-

c/o Tricor Services Ltd.

Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong.

 

Head Office:-

8/F. & 9/F., TAL Building, 49 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

 

Holding Company:-

International Artsana S.A., Luxembourg.

 

Ultimate Holding Company:-

Artsana S.p.A., Italy.

 

Subsidiaries:-

Caben Business Cons. (Shanghai) Co. Ltd., China.

Caben Chicco Moulds Co. Ltd., China.

Caben Product Design Co. Ltd., China.

 

Associated/Affiliated Companies:-

Artsana Group of Companies

·         Artsana Argentina S.A., Argentina.

·         Artsana Belgium S.A., Belgium.

·         Artsana Brasil Ltda., Brasil.

·         Artsana France S.A.S., France.

·         Artsana Germany GmbH, Germany.

·         Artsana India Private Ltd., India.

·         Artsana Mexico S.A. de C.V., Mexico.

·         Artsana Portugal S.A., Portugal.

·         Artsana Spain S.A., Spain.

·         Artsana Sud S.p.A., Italy.

·         Artsana Suisse S.A., Switzerland.

·         Artsana U.K. Ltd., UK.

·         Artsana U.S.A. Inc., USA.

·         Boppy S.r.l., Italy.

·         Caben Far East Ltd., Hong Kong.  [Dissolved]

·         Caben Ltd., Hong Kong.  [Dissolved]

·         Chicco Vertriebsgesellschaft mbH, Austria.

·         Co-Graf S.p.A., Italy.

·         Fashion Village S.r.l., Italy.

·         OOO Artsana Rus, Russia.

·         Prenatal S.p.A., Italy.

·         S.C. Artsana Romania SRL, Romania.

·         The Boppy Co. LLC, USA.

etc.

 

BUSINESS REGISTRATION NUMBER

 

36909620

 

 

COMPANY FILE NUMBER

 

1056338

 

 

MANAGEMENT

 

Managing Director:  Mr. Fabrizio Goldoni

 

 

CAPITAL

 

Nominal Share Capital:   HK$23,400,000.00 (Divided into 23,400,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$23,400,000.00

 

 

SHAREHOLDER

(As per registry dated 03-07-2011)

 

Name

 

No. of shares

International Artsana S.A.

427-429, Rte De Thionville Residences Des Jardins, L-5887 Alzingen, Luxembourg.

 

23,400,000

========

 

 

DIRECTORS

(As per registry dated 03-07-2011)

 

Name

(Nationality)

 

Address

Giovanni GALBIATI

Via Mentana 11, 22100 Como, Italy.

 

Fabrizio GOLDONI

Flat A, 36/F., Valiant Park, 52 Conduit Road, Mid-Levels, Hong Kong.

 

SECRETARY 

(As per registry dated 03-07-2011)

 

Name

Address

Co. No.

Tricor Corporate Secretary Ltd.

Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong.

0714799

 

 

HISTORY

 

The subject was incorporated on 3rd July, 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:                           All kinds of baby accessories, garments, toys, cosmetics, etc.

 

Employees:                   20.

 

Commodities Imported:   China, India, other Asian countries and acquired from local suppliers.

 

Markets:                       Italy, other European countries, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, D/P, etc.

 

 

MEMBERSHIP

 

·         The Hong Kong General Chamber of Commerce, Hong Kong. [Membership No. HKC0717]

·         The Italian Chamber of Commerce in Hong Kong and Macao, Hong Kong.

FINANCIAL INFORMATION

 

Nominal Share Capital:               HK$23,400,000.00 (Divided into 23,400,000 shares of HK$1.00 each)

 

Issued Share Capital:                 HK$23,400,000.00

 

Profit or Loss:                            Making a small profit every year.

 

Condition:                                  Keeping in a satisfactory manner.

 

Facilities:                                  Making active use of general banking facilities.

 

Payment:                                  Met trade commitments as required.

 

Commercial Morality:                 Satisfactory.

 

Banker:                                     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                                  Normal.

 

 

GENERAL

 

Caben Asia Pacific Ltd. is a wholly-owned subsidiary of International Artsana S.A. which is a Luxembourg-based firm.  The ultimate holding company Artsana S.p.A. [Artsana] is an Italy-based firm.

The Managing Director of the subject Fabrizio Goldoni is an Italian who is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject is the Asia Pacific regional headquarters of the multinational group of companies headed by Artsana which owns many internationally famous brands, including household names such as “CHICCO” and “Prenatal”.  The subject in total employs 250 employees in the Asia Pacific region.

The subject’s China operations are based on 3 wholly foreign owned investment enterprises.  From its strategic base in China, assisted by the subject, the China enterprises are involved in every aspect of Artsana Group activities in the Asia Pacific region.  These activities include merchandising the whole range of Artsana products which vary from children’s clothing, toys and accessories, to medical equipment, cosmetics and fashions.

Most of the commodities are sourced from China.  It also sources commodities from India, Taiwan, South Korea, other Asian countries, etc.  Products are exported to Italy, other European countries, North America, business is active.

The subject is one of the members of the Artsana Group.  The headquarters of the Artsana Group are located in Grandate, in the province of Como, in one of Italy’s most active industrial areas.  Now, the Group has over 900 employees and a further 400 workers working at the production plants nearby.

In Grandate, one can find the largest CHICCO Store in the world and the Toy Horse Museum.

Now, Artsana has had affiliated companies in Switzerland, France, Belgium, the United Kingdom, Germany, Spain, Portugal, Argentina, Brazil, Austria, the United States, Russia, India, Mexico, Italy, Romania, etc.

The subject is fully supported by Artsana.

On the whole, in view of the background of the subject, consider it good for normal business engagements.

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.74.18

Euro

1

Rs.64.88

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.