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Report Date : |
13.07.2012 |
IDENTIFICATION DETAILS
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Name : |
BRENT
FASHION LTD. |
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Formerly Known As : |
Brent Holding Ltd |
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Registered Office : |
c/o Chan,
Li, Law & Co., Certified Public Accountants, Unit 402, 4/F., |
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Country : |
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Date of Incorporation : |
08.04.2009 |
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Com. Reg. No.: |
50557528 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of fashions and knitwear. |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
BRENT FASHION LTD.
c/o Chan, Li, Law & Co., Certified Public Accountants
Unit 402, 4/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2545 6399
FAX: 2545 3851
Managing Director: Mr. Saverio Brozino
Incorporated on: 8th April, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Garment Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o Chan, Li, Law & Co., Certified Public Accountants
Unit 402, 4/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong Kong.
Holding Company:-
Fides Ltd., Hong Kong.
Associated
Company:-
Sabor S.r.l., Italy.
50557528
1331928
Managing Director: Mr. Paolo Panico
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 08-04-2012)
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Name |
|
No. of share |
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Sabor Srl Via G. Scalarini 6, 20139 Milano, Italy. |
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1 = |
(As per registry dated
08-04-2012)
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Name (Nationality) |
Address |
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Paolo PANICO |
10, Rue Joseph Junck, L-1839 Luxembourg. |
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Saverio BORZINO |
Via Wolf Ferrari Ermanno N. 19, Milano, Italy. |
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LUNG Bik Chu, Susanna |
Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong. |
|
Dapatlaw Ltd. |
Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong. |
(As per registry
dated 08-04-2012)
|
Name |
Address |
Co.
No. |
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Commence Secretaries Ltd. |
Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong. |
0084095 |
The subject was incorporated on 8th April, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of “Brent Holding Ltd.,” name changed to the present style on 14th July, 2009.
Formerly the subject was located at “Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong” where is the operating office of a secretarial firm known as “Commence Secretaries Ltd.,” moved to the present address with effect from 17th July, 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter.
Lines: All kinds of fashions and knitwear.
Employees: Nil.
Commodities Imported: China, other Asian countries, or acquired locally.
Markets: Italy and other European countries, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Mortgage or Charge:-
Date of Security over Deposits: 10-02-2010
Amount: All monies in respect of banking facilities
Property: HK$30,000.00 or equivalent and all monies whether now or hereafter standing to the credit of the Company’s deposit with the Bank under deposit uumber 400-676003 (0001)
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly 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: Small.
Brent Fashion Ltd. is a wholly-owned subsidiary of Fides Ltd. which is a Hong Kong-registered firm located at “Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central, Hong Kong” where is the operating office of a secretarial firm known as “Commence Secretaries Ltd. [CSL]”, a Hong Kong commercial service provider registered in Hong Kong.
The subject does not have its own operating office. Its registered office is in an accountant firm located at “Unit 402, 4/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong Kong” known as “Chan, Li, Law & Co., Certified Public Accountants” which is handling its correspondences and documents. However, the corporate secretary of the subject is CSL.
The subject has no employees in Hong Kong.
A director of the subject Paolo Panico is a member of a trustee company. He is an Italy passport holder but residing in Luxembourg.
Another director Ms. Susanna Lung Bik Chu is a key personnel of CSL. Panico and Lung are nominal directors of the subject.
Your given phone and fax number 852-2788 0822 and 852-2537 8067 belong to Ms. Susanna Lung Bik Chu who is in CSL.
The Managing Director of the subject Mr. Saverio Brozino is an Italian. He is also the President of Sabor S.r.l. [Sabor] which is an Italy-based firm.
Sabor is a garment trader, so does the subject. The prime markets of Sabor are Italy, France which include a number of private label customers. The subject is responsible for sourcing all kinds of fashions in the Asia Pacific region. Sabor is responsible for the distribution.
Sabor is fashion producer and importer, based in Milano of Italy, for private labels. It is an official licensor of the leading cartoon brands like Disney, Looney Tunes, Marvel, the Smurfs and Maya the bee collections.
It has got a number of designers who are able to create exclusive apparels (tee shirts and other outerwear, nightwear, underwear, accessories) collection for Lady, Man, Kid and Baby for chain stores and wholesalers.
It is likely that Sabor deals with foreign parties in Asia under the name of the subject and corresponds with the subject’s registered address in Hong Kong.
Sabor has been marketing fashion knitwear, underwear, pyjamas and outwear since 1971. Its knitwear are mainly manufactured in India and Bangladesh. One of the suppliers is Future Clothing Ltd., a Bangladesh company in Dhaka.
The sales turnover of Sabor ranges from €40 to 45 million. Currently, it is employing about 50 persons in Italy.
The history of the subject in Hong Kong is just over three years.
The subject’s business in Hong Kong is not very active.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.