MIRA INFORM REPORT

 

 

Report Date :           

07.03.2012

 

IDENTIFICATION DETAILS

 

Name :

BESTWIN TEXTILE  HOLDINGS  CO.  LTD.

 

 

Registered Office :

Flat A, 7/F., Edwick Industrial Centre, 4-30 Lei Muk Road, Kwai Chung, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

06.10.2004

 

 

Com. Reg. No.:

35060560

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer and Exporter of all kinds of fabrics, etc.

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

BESTWIN  TEXTILE  HOLDINGS  CO.  LTD.

 

 

Company ADDRESS

 

Flat A, 7/F., Edwick Industrial Centre, 4-30 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.

PHONE:            2786 2365

FAX:                 2743 1525,  2370 2286

E-MAIL:                        kit@tc-tex.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Poon Chun Keung, Jason

 

 

SUMMARY

 

Incorporated on:             6th October, 2004.

                               

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$2.00

 

Business Category:        Fabric Trader.

 

Employees:                   7.

 

Main Dealing Banker:     Hang Seng Bank Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Flat A, 7/F., Edwick Industrial Centre, 4-30 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.

 

Associated Companies:-

Bestwin Textile Co. Ltd., Hong Kong.  [Dissolved]

Tat Chi Textile Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

35060560

 

 

COMPANY FILE NUMBER

 

 

0926212

 

 

MANAGEMENT

 

Managing Director:  Mr. Poon Chun Keung, Jason

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$2.00

 

 

SHAREHOLDERS

(As per registry dated 06-10-2011)

 

Name

 

No. of shares

Bombay Assets Ltd., Hong Kong.

 

1

POON Chun Keung, Jason

 

1

 

 

–

 

Total:

2

=

 

DIRECTORS  

(As per registry dated 06-10-2011)

 

Name

(Nationality)

 

Address

POON Chun Keung, Jason

Flat D, 2/F., 8 Nassau Street, Mei Foo Sun Chuen, Kowloon, Hong Kong.

 

Bombay Assets Ltd.

Suite 2205-2206, 22/F., Island Place Tower, 510 King’s Road, North Point, Hong Kong.

 

 

SECRETARY

(As per registry dated 06-10-2011)

 

POON Chun Keung, Jason 

 

 

HISTORY

 

The subject was incorporated on 6th October, 2004 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.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of fabrics, etc.

 

Employees:                   7.

 

Commodities Imported:   UK, Europe, China, other Asian countries, etc.

 

Markets:                       China, Asian countries, etc.

 

Terms/Sales:                  L/C or as per contracted.

 

Terms/Buying:               L/C, D/P, etc.

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$2.00

 

Mortgage or Charge:-

Date of Assignment of DC Proceeds:  04-11-2011

Amount:                        To secure (i) all Loans, (ii) moneys and liabilities, (iii) interest on the Loans and such

moneys and (iv) all expenses

 

Property:                       (a) All moneys, (b) all the Company’s right, title, benefit and interest, (c) the benefit of all

powers and remedies and (d) any payment made pursuant to the contract for sale of goods

 

Mortgagee:                    Hang Seng Bank Ltd., Hong Kong.

 

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:                         Hang Seng Bank Ltd., Hong Kong.

 

Standing:                      Normal.

 

 

GENERAL

 

Having issued 2 ordinary shares of HK$1.00 each, Bestwin Textile Holdings Co. Ltd. is equally owned by Bombay Assets Ltd., a Hong Kong-registered firm, and Mr. Poon Chun Keung, a Hong Kong merchant.

The subject is a fabric trader.  Commodities are sourced from the UK, other European countries, Asian countries, etc.  Prime markets are China, other Asian countries, etc.  Business is rather active.

The subject had an associated company Bestwin Textile Co. Ltd., a Hong Kong-registered firm located at the same operating address.  However, this firm was dissolved by creditors’ voluntary winding up on 12th April, 2007.

The subject has another associated company Tat Chi Textile Ltd. [Tat Chi], a Hong Kong-registered firm located at the same operating address.  Tat Chi is trading in all kinds of textile products.  Commodities are chiefly sourced from China.  Prime markets are Japan, other Asian countries, Europe and North America.  Business is normal.

The subject’s business is chiefly handled by Mr. Poon Chun Keung himself.  History in Hong Kong is over seven years and five months.

On the whole, consider the subject good for normal business engagements in moderate credit amounts.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.79.32

Euro

1

Rs.66.02

 

 

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.