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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ARTMAN LEATHER CO. LTD. |
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Registered Office : |
Unit B, 26/F., |
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Country : |
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Date of Incorporation : |
18.03.2004 |
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Com. Reg. No.: |
34485351 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Footwear parts, leather materials, etc. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
ARTMAN LEATHER
CO. LTD.
ADDRESS: Unit B, 26/F.,
PHONE: 3105 8388
FAX: 3105 8998
E-MAIL: sales@artmanco.com.hk
Managing Director: Ms. Wong Nga
Mei, Esther
Incorporated on: 18th
March, 2004.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
8.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
Registered Head Office:-
Unit B, 26/F.,
Associated Companies:-
Artman Co.,
Ya-Wen Leather Co. Ltd.,
34485351
0889726
Managing Director: Ms. Wong Nga
Mei, Esther
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry dated 18-03-2012)
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Name |
Occupation |
No. of shares |
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WONG Nga Mei, Esther |
Merchant |
100,000 ====== |
(As per registry dated 18-03-2012)
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Name (Nationality) |
Address |
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WONG Nga Mei, Esther |
Unit B, 26/F., |
(As per registry dated 18-03-2012)
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Name |
Address |
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Sinlon Ltd. |
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0243103 |
The subject was incorporated on 18th March, 2004 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject moved to the present address in March 2008.
Apart from these, neither material change nor amendment has been ever traced
and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Footwear
parts, leather materials, etc.
Employees: 8.
Commodities Imported: Imported raw materials from Europe,
Markets: Europe,
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
Mortgage or Charge: (See
attachment)
Profit or Loss: Making a small profit every year.
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.,
Standing:
Having issued 100,000 ordinary shares of HK$1.00 each, Artman Leather
Co. Ltd. is wholly owned by Ms. Wong Nga Mei, Esther who is a
The subject has had an associated company Artman Co. [AC] located at the
same address. The subject and AC are
engaged in the same lines of business, more or less.
The subject is trading in all kinds of leather materials. It is specialized in glazed kid, cow full
grain, corrected grain, oil pull ups and box leather, calf, cow natural and
dyed crust leather, buffalo calf, kid suede, kid/cow linings and industrial
leathers from various origins. However,
The subject exports its products such as footwear parts to
The subject has set up an associated company Ya-Wen Leather Co. Ltd. [Ya‑Wen]
which is a China-based firm. Ya-Wen is
trading in the above-mentioned commodities.
The annual sales turnover of the subject and AC is quite
significant. Business is profitable.
As the history of the subject is over eight years and three months in
|
Date |
Particulars |
Amount |
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11-09-2007 |
Instrument: Mortgage Property: 181/32,000th parts or shares of and in The Remaining Portion of Kwun
Tong Inland Lot No. 234 (Office B on 26/F. of Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
To secure “all moneys” in respect of general banking facilities |
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14-05-2008 |
Instrument: Assignment of DC Proceeds Property: 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 Documentary Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
All loans or other advances made or to be made by the Bank against
documents submitted under a Documentary Credit |
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10-09-2010 |
Instrument: Assignment of Life Insurance Property: (i) all the Assignor’s claims, options, privileges, right, title, interest
and benefit in and under the Insurance; and (ii) all the Assignor’s claims
and rights against the issuer of the Policy Insurance Policy Number: 28002501-50 Name of Insurance Company: HSBC Life (Int’l) Ltd. Assignor Name: Artman Leather Co. Ltd. Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
(i) all and any moneys in any currency which are now or at any time
may become payable by the Borrower to the Bank; (ii) interest on such
moneys; (iii) all expenses of the Bank in perfecting or enforcing this Deed;
and (iv) all monies paid under this Deed |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.81 |
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|
1 |
Rs.86.04 |
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Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared by
: |
PRL |
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 |
-- |
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.