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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
CABEN ASIA PACIFIC
LTD |
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Registered Office : |
8/F. & 9/F., |
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Country : |
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Date of Incorporation : |
03.07.2006 |
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Com. Reg. No.: |
36909620 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of baby accessories,
garments, toys, cosmetics, etc |
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No. of Employees : |
20 |
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) |
|
Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 |
CABEN ASIA
PACIFIC LTD.
8/F. & 9/F., TAL
Building, 49 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2957 5500, 2736 9880
FAX: 2375 4411, 2730 8888
E-MAIL: goldoni@caben.com.hk
Managing
Director: Mr. Fabrizio Goldoni
Incorporated on: 3rd July, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$23,400,000.00
Issued: HK$23,400,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 20.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
CABEN ASIA
PACIFIC LTD.
Registered
Office:-
c/o Tricor
Services Ltd.
Level 28, Three
Pacific Place, 1 Queen’s Road East, Hong Kong.
Head
Office:-
8/F. & 9/F.,
TAL Building, 49 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
Holding
Company:-
International
Artsana S.A., Luxembourg.
Ultimate
Holding Company:-
Artsana S.p.A.,
Italy.
Subsidiaries:-
Caben Business
Cons. (Shanghai) Co. Ltd., China.
Caben Chicco
Moulds Co. Ltd., China.
Caben Product
Design Co. Ltd., China.
Associated/Affiliated
Companies:-
Artsana Group of Companies
Artsana Argentina S.A., Argentina.
Artsana Belgium S.A., Belgium.
Artsana Brasil Ltda., Brasil.
Artsana France S.A.S., France.
Artsana Germany GmbH, Germany.
Artsana India Private Ltd., India.
Artsana Mexico S.A. de C.V., Mexico.
Artsana Portugal S.A., Portugal.
Artsana Spain S.A., Spain.
Artsana Sud S.p.A., Italy.
Artsana Suisse S.A., Switzerland.
Artsana U.K. Ltd., UK.
Artsana U.S.A. Inc., USA.
Boppy S.r.l., Italy.
Caben Far East Ltd., Hong Kong. [Dissolved]
Caben Ltd., Hong Kong. [Dissolved]
Chicco Vertriebsgesellschaft mbH, Austria.
Co-Graf S.p.A., Italy.
Fashion Village S.r.l., Italy.
OOO Artsana Rus, Russia.
Prenatal S.p.A., Italy.
S.C. Artsana Romania SRL, Romania.
The Boppy Co. LLC, USA.
etc.
36909620
1056338
Managing
Director: Mr. Fabrizio Goldoni
Director &
Contact Person: Mr. Giovanni Galbiati
Nominal Share Capital: HK$23,400,000.00 (Divided into 23,400,000 shares of HK$1.00 each)
Issued Share Capital: HK$23,400,000.00
(As per registry dated 03-07-2011)
|
Name |
|
No.
of shares |
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International Artsana S.A. 427-429, Rte De Thionville Residences Des Jardins, L-5887 Alzingen,
Luxembourg. |
|
23,400,000 ======== |
(As per registry dated 03-07-2011)
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Name (Nationality) |
Address |
|
Giovanni
GALBIATI |
Via Mentana 11, 22100 Como, Italy. |
|
Fabrizio GOLDONI |
Flat A, 36/F., Valiant Park, 52 Conduit
Road, Mid-Levels, Hong Kong. |
(As per registry dated 03-07-2011)
|
Name |
Address |
Co.
No. |
|
Tricor
Corporate Secretary Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
0714799 |
The
subject was incorporated on 3rd July, 2006 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 baby accessories, garments, toys, cosmetics, etc.
Employees: 20.
Commodities Imported: China,
India, Taiwan, South Korea, other Asian countries and acquired from local
suppliers.
Markets: Italy,
other European countries, North America, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
The Hong Kong General Chamber of Commerce,
Hong Kong.
[Membership No. HKC0717]
The Italian Chamber
of Commerce in Hong Kong and Macao, Hong Kong.
Nominal Share Capital: HK$23,400,000.00 (Divided into 23,400,000 shares of HK$1.00 each)
Issued Share Capital: HK$23,400,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
Caben
Asia Pacific Ltd. is a wholly-owned subsidiary of International Artsana S.A.
which is a Luxembourg-based firm. The
ultimate holding company Artsana S.p.A. [Artsana] is an Italy-based firm.
The
Managing Director of the subject Fabrizio Goldoni is an Italian who is a Hong
Kong ID Card holder and has got the right to reside in Hong Kong
permanently. Your given contact person
Mr. Giovanni Galbiati, one of the directors of the sujbect, is an Italian
currently residing in Italy.
The
subject is the Asia Pacific regional headquarters of the multinational group of
companies headed by Artsana S.p.A. which owns many internationally famous
brands, including household names such as “CHICCO” and “Prenatal”. The subject in total employs about 250
employees in the Asia Pacific region.
The
subject’s China operations are based on 3 wholly foreign owned investment
enterprises. From its strategic base in
China, assisted by the subject, the China enterprises are involved in every
aspect of Artsana Group activities in the Asia Pacific region. These activities include merchandising the
whole range of Artsana products which vary from children’s clothing, toys and
accessories, to medical equipment, cosmetics and fashions. Most of the commodities are sourced from
China. It also sources commodities from
India, Taiwan, South Korea, other Asian countries, etc. Products are exported to Italy, other
European countries, North America, etc.
Business is active.
The
subject is one of the members of the Artsana Group. The headquarters of the Artsana Group are
located in Grandate, in the province of Como, in one of Italy’s most active
industrial areas. Now, the Group has
over 7,400 employees in the 23 branches worldwide (16 in Europe).
Artsana
Group has eight production units present throughout the European Union. Including dealers and distributors, the Group
markets its brands in over one hundred countries while Chicco and Prénatal
sales points – both direct and in franchising – are over 600.
The
Group focuses on two main business areas: Baby and Health & Beauty Care,
which yielded 80% and 20%, respectively, of the €1.468 million in turnover
recorded in 2010. This figure is
undergoing constant growth and keeps pace with the international expansion of
the Artsana Group.
An
integral part of the Group for all intents and purposes, yet independent in
operations, is Prénatal whose headquarters are located in Agrate Brianza, in
the province of Milan. In Grandate, one
can find the largest CHICCO Store in the world and the Toy Horse Museum.
Now,
Artsana has had affiliated companies in Switzerland, France, Belgium, the
United Kingdom, Germany, Spain, Portugal, Argentina, Brazil, Austria, the
United States, Russia, India, Mexico, Italy, Romania, etc.
The
subject is fully supported by Artsana.
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.54.81 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.