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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ASEAN-LINK
GROUP CO. LTD. |
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Formerly Known As : |
Charmway Garment
Ltd |
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Registered Office : |
c/o Mighty Bright Ltd., 2/F., 150 Austin Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.08.2009 |
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Com. Reg. No.: |
51141035 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Textile Product Trader of Garments, other Textile Products, etc. |
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No. of Employees : |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
ASEAN-LINK GROUP CO. LTD.
c/o Mighty Bright Ltd.
2/F., 150 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2368 8185
FAX: 2992 0579
Managing Director: Mr. Bernard Jean Francois Guguen
Incorporated on: 27th August, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2.00
Business Category: Textile Product Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o Mighty Bright Ltd.
2/F., 150 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
Associated
Companies:-
Mighty Bright Ltd., Hong Kong. (Same address)
Primsystem Co. Ltd., Hong Kong. [Dissolved]
51141035
1367239
Managing Director: Mr. Bernard Jean Francois Guguen
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
(As per registry
dated 16-03-2012)
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Name |
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No. of shares |
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Sandrine Lilia GUGUEN |
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1 |
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Alain Roger Auguste Vandenbroucke |
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1 |
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– |
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Total: |
2 = |
(As per registry
dated 16-03-2012)
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Name (Nationality) |
Address |
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Sandrine Lilia GUGUEN |
House 30, Alley No. 67, To Ngoc Van, Quang An, Tay Ho, Hanoi, Vietnam. |
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Bernard Jean Francois GUGUEN |
2/F., 150 Austin Road, Tsimshatsui, Kowloon, Hong Kong. |
(As per registry dated
27-08-2011)
|
Name |
Address |
Co.
No. |
|
Fankent Secretaries Ltd. |
Room 1901, 19/F., CC Wu Building, 302 Hennessy Road, Wanchai, Hong Kong. |
0234450 |
The subject was incorporated on 27th August, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Charmway Garment Ltd., name changed to the present style on 6th November, 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Textile Product Trader.
Lines: Garments, other Textile Products, etc.
Employees: Nil.
Commodities Imported: Vietnam, etc.
Markets: Europe, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
Mortgage or
Charge:-
Date of Assignment of DC Proceeds: 11-05-2012
Amount: All loans or other advances made or to be made by the Bank to the Customer against
documents submitted under a Documentary Credit, all monies and liabilities in any currency owing by the Customer to the Bank at any time, whether separately or jointly, actually or contingently, present or future, interest on all loans and advances and such monies and all expenses of the Bank in perfecting or enforcing the Assignment
Property: By way of assignment or agreement to assign in each case as beneficial owner. All
monies in any currency representing proceeds payable or to be paid to the Customer under the Documentary Credits, all the Customer’s right, title, benefit, and interest in the said Documentary Credits and the benefit of all powers and remedies for enforcing the Documentary Credits
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
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.
Having issued just two ordinary shares of HK$1.00 each, Asean-Link Group Co., Ltd. is equally owned by Mr. Sandrine Lilia Guguen and Alain Roger Auguste Vandenbroucke, both of whom are residing in Hanoi, Vietnam.
The director of the subject Mr. Bernard Jean Francois Guguen [BJF] is a Frenchman 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.
BJF is also the owner of Mighty Bright Ltd. which is a Hong Kong-registered firm. This firm is also located at the same address of the subject. He was also the owner of another firm Primsystem Co. Ltd. which was dissolved in July 2012.
The subject is using the registered address of Mighty Bright Ltd. as its registered address in Hong Kong.
Being a textile business professional, BJF is also a CEO of VDE Global Services (HK) Ltd. which is a Hong Kong-registered firm.
The subject is a garment and textile product trader. Most of the products are sourced from Vietnam. Prime markets are France, other European countries and Asian countries. Business is fairly active.
The subject’s business is chiefly handled by the two shareholders who are in Hanoi, Vietnam. Your given phone number 84-46-2581 806 is a Vietnam line.
The subject’s business is nominally handled by BJF. History in Hong Kong is less than three years.
On the whole, since the history of the subject is short, consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.78 |
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UK Pound |
1 |
Rs.86.75 |
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Euro |
1 |
Rs.68.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.