MIRA INFORM REPORT

 

 

Report Date :

11.08.2012

 

IDENTIFICATION DETAILS

 

Name :

KENTEX  TRADING  (HONG  KONG)  LTD.

 

 

Registered Office :

Room 1009, 10/F., Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

10.11.1996

 

 

Com. Reg. No.:

20279063

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of garments

 

 

No. of Employees :

18

 

 

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 :

Good

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

KENTEX  TRADING  (HONG  KONG)  LTD.

 

 

Company ADDRESS

 

Room 1009, 10/F., Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.

 

PHONE:                  2755 2238

 

FAX:                       2755 1382

 

 

MANAGEMENT

 

Managing Director:  Mr. Hung Chi Wai, Kenny

 

 

SUMMARY

 

Incorporated on:             10th October, 1996.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$500,000.00

Issued:                          HK$500,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Annual Turnover:            HK$65~70 million.

 

Employees:                   18.

 

Main Dealing Banker:     Dah Sing Bank Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company name 

 

KENTEX  TRADING  (HONG  KONG)  LTD.

 

 

Company ADDRESS

 

Registered Head Office:-

Room 1009, 10/F., Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

20279063

 

COMPANY FILE NUMBER

 

0569421

 

 

MANAGEMENT

 

Managing Director:  Mr. Hung Chi Wai, Kenny

 

 

CAPITAL

 

Nominal Share Capital: HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$500,000.00

 

 

SHAREHOLDERS

 

(As per registry dated 10-10-2011)

Name

 

No. of shares

HUNG Chi Wai

 

350,000

SIN Oi Shan

 

150,000

 

 

–––––––

 

Total:

500,000

======

DIRECTOR

 

(As per registry dated 10-10-2011)

Name

(Nationality)

 

Address

HUNG Chi Wai

Room 1703, 17/F., Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.

 

 

SECRETARY

 

(As per registry dated 10-10-2011)

Name

Address

Co. No.

Consolidated Secretaries Ltd.

G/F., 124 Wing Lok Street, Sheung Wan, Hong Kong.

0060029

 

 

HISTORY

 

The subject was incorporated on 10th October, 1996 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Room 1703, 17/F., Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong, moved to Room 1009, 10/F. of the same building with effect from 17th November, 2008.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of garments.

 

Employees:                   18.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       Eastern & Western Europe, Scandinavia, Other Asian countries, etc.

 

Annual Turnover:            HK$65~70 million.

 

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

 

Terms/Buying:               As per contracted.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:               HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)

 

Issued Share Capital:                 HK$500,000.00

 

Mortgage or Charge (since 2008):  (See attachment)

 

Profit or Loss:                            Making a small profit every year.

 

Condition:                                  Keeping in an active condition.

 

Facilities:                                  Making active use of general banking facilities.

 

Payment:                                  Met trade commitments as required.

 

Commercial Morality:                 Satisfactory.

 

Bankers:-

Dah Sing Bank Ltd., Hong Kong.

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

Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Standing:                                  Good.

 

 

GENERAL

 

Having issued 500,000 ordinary shares of HK$1.00 each, Kentex Trading (Hong Kong) Ltd. is jointly owned by Mr. Hung Chi Wai, holding 70% interests; Ms. Sin Oi Shan, holding 30%.  Hung is also the only director of the subject.

The subject is a garment trader.  It is trading in men’s, ladies’ and children’s garments, sport shirts, Tee shirts, dresses, shorts, trousers, etc.  Commodities are chiefly sourced from China, other Asian countries, or acquired from local suppliers.  Garments are exported to Eastern and Western Europe, Scandinavia, other Asian countries, etc.  Business is rather active.

The subject’s business is chiefly handled by Mr. Hung Chi Wai and Ms. Sin Oi Shan themselves.

The annual sales turnover of the subject ranges from HK$65 to 70 million.  Making a small profit every year.  Business is rather active.

The subject has got a number of premises located at Tower 3, Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong which have been mortgaged to Dah Sing Bank Ltd., The Hongkong & Shanghai Banking Corp. Ltd., and Standard Chartered Bank (Hong Kong) Ltd. for acquiring banking facilities.  All the mortgagees are Hong Kong-based banks.

Since the history of the subject in Hong Kong is over fifteen years and ten months, consider it good for normal business engagements.

 

REMARKS

 

Property information of the company:-

1.     Property Location:       Unit 803 on 8/F. of Tower 3, Enterprise Square,
9 Sheung Yuet Road, Kowloon, Hong Kong.

Owner:     Kentex Trading (Hong Kong) Ltd.

Date of Purchase:  n.a.

Purchased Price:  n.a.

Incumbrances:-

Date of Mortgage

Amount Consideration

Mortgagee

Nature

11-12-2008

-

Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

Legal charge to secure general banking facilities

 

2.     Property Location:       Unit 1007 on 10/F. of Tower 3, Enterprise Square,
9 Sheung Yuet Road, Kowloon, Hong Kong.

Owner:     Kentex Trading (Hong Kong) Ltd.

Date of Purchase:  n.a.

Purchased Price:  n.a.

Incumbrances:-

Date of Mortgage

Amount Consideration

Mortgagee

Nature

20-06-2008

-

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

Mortgage to secure general banking facilities

 

3.     Property Location:       Unit 1705 on 17/F. of Tower 3, Enterprise Square,
9 Sheung Yuet Road, Kowloon, Hong Kong.

Owner:     Kentex Trading (Hong Kong) Ltd.

Date of Purchase:  n.a.

Purchased Price:  n.a.

Incumbrances:-

Date of Mortgage

Amount Consideration

Mortgagee

Nature

26-08-2008

-

Dah Sing Bank Ltd., Hong Kong.

Mortgage to secure general banking facilities

 

MORTGAGE OR CHARGE

 

(Since 2008)

 

Date

Particulars

Amount

20-06-2008

Instrument:      Mortgage

Property:

1,380/728,680th parts or shares of and in New Kowloon Inland Lot No. 6115 (Unit 1007 on 10/F. of Tower 3 of Enterprise Square, 9 Sheung Yuet Road, Kowloon, Hong Kong.)

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

To secure all moneys in respect of general banking facilities

26-08-2008

Instrument:      Mortgage

Property:

3,354/728,680th parts or shares of and in New Kowloon Inland Lot No. 6115 (Unit 1705 on 17/F. of Tower 3 of Enterprise Square, 9 Sheung Yuet Road, Kowloon, Hong Kong.)

Mortgagee:      Dah Sing Bank Ltd., Hong Kong.

All moneys

29-09-2008

Instrument:      Rental Assignment

Property:

1,795/728,680th parts or shares of and in New Kowloon Inland Lot No. 6115 (Unit 1008 on 10/F. of Tower 3 of Enterprise Square, 9 Sheung Yuet Road, Kowloon, Hong Kong.)

Mortgagee:      Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

To secure all moneys in respect of general banking facilities

11-12-2008

Instrument:      Legal Charge/Mortgage

Property:

1,265/728,680th parts or shares of and in New Kowloon Inland Lot No. 6115 (Unit 803 on 8/F. of Tower 3 of Enterprise Square, 9 Sheung Yuet Road, Kowloon, Hong Kong.)

Mortgagee:      Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

To secure all moneys in respect of general banking facilities

09-01-2012

Instrument:      Mortgage

Property:

37/10,000th parts or shares of and in the Remaining Portion of Scetion A of New Kowloon Island Lot No. 2724 (Flat D on 16/F. of Genius Court, Kowloon, Hong Kong.)

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

All moneys

04-05-2012

Instrument:      Mortgage

Property:

60/396430th parts or shares of and in Tung Chung Town Lot No. 4 (Flat E on 5/F. of Block 7 (La Rossa A), Coastal Skyline, 12 Tung Chung Waterfront Road, Tung Chung, Lantau Island, Hong Kong.)

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

All moneys

15-05-2012

Instrument:      Mortgage

Property:

84/396430th parts or shares of and in Tung Chung Town Lot No. 4 (Flat C on 55/F. of Block 7 (La Rossa A), Coastal Skyline, Tung Chung Waterfront Road, Tung Chung, Lantau Island, Hong Kong.)

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

All moneys

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.04

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.