MIRA INFORM REPORT

 

 

Report Date :

14.02.2012

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

Payment Behaviour :

---

Litigation :

---

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GIVEN ADDRESS

 

Target Northern Campus 7000 Brooklyn Target Pkwy Ncc-0296 Park MN, Hong Kong.

[Your given address is not a valid address in Hong Kong.  We understand that it is an US address.  It should be written as Target Northern Campus 7000 Target Parkway North (Mailstop NCC 0296), Brooklyn Park, MN 55445, U.S.A.]

 

 

GENERAL

 

·         As per Companies Registry, there is no such name registered in their file. We found that there is no company name registered and headed with “Target Com ……”.

·         According to Business Registration Office, the name of the subject is also not found in the database.

·         Your given address is not a valid address in Hong Kong.  We understand that it is an address in the US.  It should be written as Target Northern Campus 7000 Target Parkway North (Mailstop NCC 0296), Brooklyn Park, MN 55445, U.S.A.

·         As far as we know, Target Northern Campus is the office address of Target.com [TC].  TC is regarded as a subsidiary of Target Corporation [Target] - a US-based firm listed in the New York Stock Exchange.

·         Target, doing business as Target, is an American retailing company headquartered in Minnesota.  It is the second-largest discount retailer in the US.  Target is ranked at number 33 on the Fortune 500 as of 2010.

·         As well as the main retail subsidiary, Target Stores, Target owns several other subsidiaries, which include Financial and Retail Services (FRS); Target Sourcing Services [TSS]; Target Commercial Interiors; Target Brands; and TC.

·         TC owns and oversees the company's e-commerce initiatives, such as the Target.com domain.  It was formed by separating Target's existing e‑commerce operations from its retailing division.

·         TSS is a global sourcing organization locates merchandise from around the world for Target and helps import the merchandise to the US.  Such merchandise include garments, furniture, bedding, and towels.  TSS has 27 full-service offices, 48 quality-control offices, and seven concessionaires located throughout the world.  Today's TSS locates merchandise exclusively for Target Stores and TC.

·         The address you given is the office address for TC to handle the shipping documents.  The Target Northern Office Campus provides administrative support for Target stores throughout the US.  The 150-acre campus includes multiple buildings for 7,000 employees.  The campus houses 12 buildings to support Target’s growth nationwide.  The first phase of the campus is comprised of three interconnected buildings each up to 4 stories in height, totaling 300,000 square feet.  Phase I accommodates over 1,100 employees and consolidated two Target Corporation offices.

·         The captioned name is not listed in any available telephone and commercial directories in Hong Kong, and is also unknown to other sources consulted.

·         No legal actions were traced against the subject during the course of this investigation.

·         In view of the lack of information, we have no basis upon which to recommend credit ratings.

Important Note:

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

 

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.