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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
PRESIDIO PRODUCTION LTD. |
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Registered Office : |
Unit 2110-2119, 21/F., The Metropolis Tower, 10 Metropolis Drive, Hunghom, Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.12.2008 |
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Com. Reg. No.: |
50128129 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of high-end fashions, etc. |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
PRESIDIO PRODUCTION
LTD.
ADDRESS: Unit 2110-2119, 21/F., The Metropolis
Tower, 10 Metropolis Drive, Hunghom, Kowloon, Hong Kong.
PHONE: 3403 8200
FAX: 2723 0238
Managing Director: Mr. Steven
Howard Grapstein
Incorporated on: 17th
December, 2008.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Garment Trader.
Employees:
30.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
3/F., One Island East, 18 Westlands Road, Quarry Bay, Hong Kong.
Head Office:-
Unit 2110-2119, 21/F., The Metropolis Tower, 10 Metropolis Drive,
Hunghom, Kowloon, Hong Kong.
Holding Company:-
Presidio (Hong Kong) Ltd.
3/F., One Island East, 18 Westlands Road, Quarry Bay, Hong Kong.
Associated Companies:-
Giorgio Armani Corporation, USA.
Giorgio Armani Hong Kong Ltd., Hong Kong.
Giorgio Armani Japan Co. Ltd., Japan.
Giorgio Armani S.p.A., Italy.
Presidio International Inc., USA.
50128129
1295189
Managing Director: Mr. Steven
Howard Grapstein
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 17-12-2011)
|
Name |
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No. of share |
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Presidio (Hong Kong) Ltd., Hong Kong. |
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1 = |
(As per registry dated 17-12-2011)
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Name (Nationality) |
Address |
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Steven Howard GRAPSTEIN |
10 Pheasant Hill LNE, Old Brookville, NY 11545, USA. |
(As per registry dated 17-12-2011)
|
Name |
Address |
Co. No. |
|
Marfan & Associates Ltd. |
11/F., Fortis Tower, 77-79 Gloucester Road, Hong Kong. |
0094488 |
The subject was incorporated on 17th December, 2008 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.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of high-end fashions, etc.
Employees: 30.
Commodities Imported: Europe, USA, etc.
Markets: Hong
Kong, China, other Asian countries, etc.
Terms/Sales:
As per contracted.
Terms/Buying: Various
terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
Profit or Loss: Making a small profit in the past two years.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making rather
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.
Presidio Production Ltd. is a wholly-owned subsidiary of Presidio
(Hong Kong) Ltd. which is a Hong Kong-based firm. The only director of the subject Steven
Howard Grapstein is an American who is in New York of the USA.
The subject is the buying office of Italian brands. Most of its products are supplied by fashion
house Giorgio Armani S.p.A. Having a
large office in Hong Kong, the subject is also the A/X Armani Exchange
Division.
The subject has had connection with AX 21 (Hong Kong) Ltd., a Hong
Kong-registered firm which is located at 3/F., One Island East, 18 Westlands
Road, Quarry Bay, Hong Kong. This firm
is a subsidiary of AX 21 Holdings Pte. Ltd. which is a Singapore-based firm. AX 21 (Hong Kong) Ltd. has had another
associated company known as Club 21 Pte. Ltd. [Club 21].
Club 21 is engaged in wholesaling, distributing and sourcing branded
fashions. It is also engaged in
retailing. It focuses on luxury retail
from fashion to accessories, homewares, and technology. It operates in Australia, China, Hong Kong,
Indonesia, Malaysia, Singapore, Taiwan, Thailand, the United Kingdom, and the
United States. Club 21 is based in
Singapore, Singapore. It operates as a subsidiary
of Holdings (UK) Ltd.
Presidio International Inc. [Presidio International], doing business as
A/X Armani Exchange, owns and operates apparel retail stores for men and
women. It provides sweaters, knit tops,
shirts and blouses, tee shirts, dresses, outerwear, underwear, jackets and blazers,
skirts, pants, shorts, and denim products, as well as accessories, such as
handbags, crossbody bags, wallets, belts, hats, jewellery, watches, sunglasses,
shoes, and scarves and gloves. It also
markets and sells products online.
Presidio International was founded in 1991 and is based in New York, New
York. It has stores in the United
States, Canada, China, Hong Kong, Korea, Malaysia, Venezuela, the Philippines,
Singapore, Taiwan, Thailand, Australia, the United Kingdom, Brazil, Indonesia,
Japan, Saudi Arabia, Mexico, the United Arab Emirates, Chile, Panama, Macau,
and Lebanon. Presidio International
operates as a subsidiary of Giorgio Armani S.p.A. The President of Presidio International is
also Steven Howard Grapstein who is aged 53.
On the whole, in view of the background of the subject, consider it good
for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.