MIRA INFORM REPORT
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Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BONA
INTERNATIONAL COMPANY |
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Registered Office : |
Room 3302, 33/F., Lok Shun House, Tsz Lok Estate, Tsz Wan
Shan, |
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Country : |
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Date of Incorporation : |
01.04.2002 |
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Com. Reg. No.: |
32584559-000-04 |
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Legal Form : |
Partnership |
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Line of Business : |
Importer, Exporter and Wholesaler of Garment, shoes, hats, other textile products, etc. |
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No. of Employees
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Not Available |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Hong Kong |
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 |
BONA INTERNATIONAL COMPANY
Room 3302, 33/F., Lok Shun House, Tsz Lok Estate, Tsz Wan Shan, Kowloon, Hong Kong.
PHONE: 2392 2575
FAX: 3010 7723
Manager: Mr. Wong Wai Wah, Kenny
Establishment: 1st April, 2002.
Organization: Partnership.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
· Room 3302, 33/F., Lok Shun House, Tsz Lok Estate, Tsz Wan Shan, Kowloon, Hong Kong.
· P.O. Box 73714, Kowloon Central Post Office, Kowloon, Hong Kong.
Associated
Company:-
Guangzhou Bonawell Trading Co. Ltd.
Room 1911, 19/F., South Tower, Hua Le Building, 53 Hua Le Road, Yue Xiu Qu, Guangzhou, Guangdong Province, China.
[Tel: 86-20-8380 9426; Fax: 86-20-8370 9970]
32584559-000-04
Manager: Mr. Wong Wai Wah, Kenny
Name: Mr. WONG Wai Wah, Kenny
Residential Address: Room 327, 3/F., Block B, Sun Fung Centre, 88 Kwok Shui Road, Kwai Chung, New
Territories, Hong
Kong.
Name: Ms. YIU Mei Fun
Residential
Address: Room 327, 3/F., Block B, Sun
Fung Centre, 88 Kwok Shui Road, Kwai Chung, New Territories, Hong Kong.
The
subject was established on 1st April, 2002 as a partnership concern owned by
Mr. Wong Wai Wah, Kenny and Ms. Yiu Mei Fun under the Hong Kong Business
Registration Regulations.
Initially
the subject was located at Room 327, 3/F., Block B, Sun Fung Centre, 88 Kwok
Shui Road, Kwai Chung, New Territories, Hong Kong, moved to Flat 3, 14/F.,
Block A, Chung King Mansion, 36-44 Nathan Road, Tsimshatsui, Kowloon, Hong Kong
in May 2003, and further moved to the present address in June 2003.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Garment, shoes, hats, other textile products, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: Asian countries, Europe, North America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Capital: Not disclosed.
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly 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: Small.
Bona
International Company is a partnership jointly owned by Mr. Wong Wai Wah, Kenny
and Ms. Yiu Mei Fun. Both are Hong Kong
Merchants.
The
subject does not have its own operating office.
Its registered address is in a private building located at Room 3302,
33/F., Lok Shun House, Tsz Lok Estate, Tsz Wan Shan, Kowloon, Hong Kong. This is supposed to be residence of the two
partners. The subject has no employees
in Hong Kong.
The
subject is a garment, shoes, hat and other textile products trader. It has had an associated company Guangzhou
Bonawell Trading Co. Ltd. [Bonawell] which is in Guangzhou City, Guangdong
Province, China.
The
subject and Bonawell are trading in the following commodities: silk fabric,
lining, other kinds of fabric, accessories, children’s garments, children’s
shoes, model hangers, toys, etc.
Bonawell
is specialized in all kinds of silk, including georgette, crinkle georgette,
twill georgette, crepe de chine, chiffon, habotai, crepe satin plain, stretch
satin, silk cotton, burn-out silk and burnt-out velvet. Its products in lining includes bemberg,
polyester bermberg, viscose, polyester/viscose, acetate, polyester, nylon etc;
according to the process, can be divided commonly into plain, twill, printed,
dyed, jacquard, waterproof gluing and so on.
Products are exported to Asian countries, Europe, North America, etc. The business of Bonawell is also handled by
Mr. Wong Wai Wah, Kenny.
It
is also likely that the China firm deals with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. The China firm
also exports commodities to foreign markets under the name of the subject and
its registered address in Hong Kong.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is over ten years.
Since
the registered office of the subject is in a residential building, consider it
good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.20 |
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UK Pound |
1 |
Rs.81.50 |
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Euro |
1 |
Rs.67.15 |
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.