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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
BS
STUDIO LTD. |
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Formerly Known As : |
Hugh Leader Ltd |
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Registered Office : |
16/F., Chevalier House, |
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Country : |
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Date of Incorporation : |
27.10.2008 |
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Com. Reg. No.: |
50934132 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Garments, Furniture, Furnishings, Home Accessories, etc. |
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No. of Employees : |
25. (including
associated companies) |
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 |
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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 |
BS STUDIO LTD.
16/F., Chevalier House, 45-51 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 3112 0299
FAX: Not Available
E-MAIL: general@bestseller.com.hk
Managing Director: Mr. Adam Christian Dantzer
Incorporated on: 27th October, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 25. (including associated companies)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
16/F., Chevalier House, 45-51 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
Holch Povlsen Switzerland AG, Switzerland.
Associated
Companies:-
Bestseller A/S, Denmark.
Bestseller Detail A/S, Denmark.
Bestseller Fashion Group China Ltd., Hong Kong.
Bestseller Kredit A/S, Denmark.
Bestseller Retail Denmark A/S, Denmark.
Bestseller United China Ltd., Hong Kong. (Same address)
Bestseller United India Pte. Ltd., India.
Bestseller United Italy S.p.A., Italy.
Bestseller United Ltd., Hong Kong.
BS Studio A/S, Denmark.
BS Studio China Ltd., Hong Kong. (Same address)
BS Studio Shanghai Ltd., China.
Cordoba Co. Ltd., Hong Kong. (Same address)
MTHP A/S, Denmark.
Vila A/S, Denmark.
50934132
1282554
Managing Director: Mr. Adam Christian Dantzer
Contact Person: Ms. Leung Mei Ling
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 27-10-2011)
|
Name |
|
No. of shares |
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Holch Povlsen Switzerland AG. c/o Klauser & Partner AG, Pestalozzistr. 8200 Schaffhausen, Switzerland. |
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50,000 |
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Dantzer Ltd., Hong Kong. |
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30,000 |
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Joint Up Ltd., Hong Kong. |
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20,000 |
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––––––– |
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Total: |
100,000 ====== |
(As per registry
dated 27-10-2011)
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Name (Nationality) |
Address |
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Adam Christian DANTZER |
Room 1902, No. 10, Lane 229, Fugui East Road, Changning District, Shanghai, China. |
|
Troels Holch POVLSEN |
Freskovvej, DK-7330 Brande, Denmark. |
(As per registry
dated 27-10-2011)
|
Name |
Address |
Co.
No. |
|
Mayee Management Ltd. |
19/F., Seaview Commercial Building, 21-24 Connaught Road West, Hong Kong. |
0039244 |
The subject was incorporated on 27th October, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Hugh Leader Ltd., name changed to the present style on 30th June, 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Garments, Furniture, Furnishings, Home Accessories, etc.
Employees: 25. (including associated companies)
Commodities Imported: China, other Asian countries, etc.
Markets: Asian countries, Denmark, other European countries, etc.
Annual Turnover: Un-reported.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, 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
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., Hong Kong.
Standing: Normal.
Having
issued 100,000 ordinary shares of HK$1.00 each, BS Studio Ltd. is jointly owned
by Holch Povlsen Switzerland AG., a Switzerland-based firm holding 50%
interests; Dantzer Ltd. of Hong Kong, holding 30%; Joint Up Ltd. of Hong Kong,
20%.
The
subject has had a number of associated companies in Denmark while the
significant one is Bestseller A/S [Bestseller], Denmark.
The
subject has had the following firms located at the same operating address:
·
Cordoba Co. Ltd.
·
BS Studio China Ltd.
·
Bestseller United China Ltd.
[BSUC]
The
subject and the above-mentioned firms are engaged in the same lines of
business, more or less.
BSUC
is trading in cardigans, sweaters, pullovers, casual wear, denim garments,
jeans, etc.
The
subject is a buying office. It offers a
full range of hanger collection, garments, furniture and other accessories
product. Moreover Bestseller/Bs studio
is a listed Denmark company specialized in sourcing and trading in clothing and
all of the relative products for its international brands and shops located in
31 countries.
Bestseller
has sales offices all over Europe, and buying offices in China, Beijing
Shanghai, India, Turkey and Denmark. The
main one in China is in Shanghai. The
Shanghai firm is administered by Mr. Adam Christian Dantzer
The
Bestseller Group has about 12,100 employees throughout the world while 3,200
are in Denmark. Its net turnover for the
FY 2010/2011 amounted to DKK 17.4 million.
Result before tax was DKK 2.4 billion.
It has 2,800 chain stores while 300 were in Denmark.
The
Bestseller Group has had an associated organization known as Bestseller Fund.
The
Bestseller Fund was established in 1995 as an independent charitable
organization, aiming to help with humanitarian work and supporting various
cultural initiatives in Denmark and abroad.
The fund is associated with Bestseller; a family owned clothing company,
founded in Ringkøbing in 1975 by Troels Holch Povlsen and Merete Bech Povlsen.
In
the beginning, the Bestseller Fund primarily supported cultural activities and
the renovation of older buildings in Denmark.
In more recent years, the fund has turned its eyes toward those parts of
the world where the suppliers of the various Bestseller brands produce the
clothes and accessories.
The Bestseller Fund now works primarily with groups from the poorest
levels of society in India and China.
The efforts of the Bestseller Fund is not directly related to Bestseller
activities, but serves as a means to give something back to these developing
societies.
The Bestseller Fund has a sister fund in India and representative
offices in China and India.
The subject is fully supported by the Bestseller Group.
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.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.