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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LEPACHU LTD. |
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Registered Office : |
Unit 1-6, 6/F., Block 2, Nan Fung Industrial City, 18 Tin Hau Road, Tuen Mun, New Territories, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.05.1986 |
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Com. Reg. No.: |
10284068 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of Mannequin and Mannequin Parts, Hair Care Products, Etc |
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No. of Employees : |
13. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – September 30, 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 |
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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 |
LEPACHU LTD.
Unit 1-6, 6/F.,
Block 2, Nan Fung Industrial City, 18 Tin Hau Road, Tuen Mun, New
Territories, Hong Kong.
PHONE: 2455
7322
FAX: 2455 7383
E-MAIL: lpcltdhk@netvigator.com
Managing
Director: Mr. Pang Kam Chiu
Incorporated on: 6th May, 1986.
Organization: Private Limited Company.
Capital: Nominal: HK$200,000.00
Issued: HK$200,000.00
Business Category: Importer and Exporter.
Employees: 13.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
LEPACHU LTD.
Registered
Head Office:-
Unit 1-6, 6/F.,
Block 2, Nan Fung Industrial City, 18 Tin Hau Road, Tuen Mun, New
Territories, Hong Kong.
Associated
Companies:-
Aroton Ltd., Hong
Kong.
Lepachu (China)
Ltd., Hong Kong.
Pivot Point
International (China) Ltd., Hong Kong.
10284068
0168839
Managing
Director: Mr. Pang Kam Chiu
Nominal Share Capital:
HK$200,000.00 (Divided into 20,000 shares of HK$10.00 each)
Issued Share
Capital: HK$200,000.00
(As per registry dated 06-05-2011)
|
Name |
|
No.
of shares |
|
PANG
Kam Chiu |
|
10,001 |
|
Yeung Jiu Ltd., Hong Kong. |
|
9,999 |
|
|
|
–––––– |
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Total: |
20,000 ===== |
(As per registry dated 06-05-2011)
|
Name (Nationality) |
Address |
|
PANG Kam Chiu |
Flat F, 22/F., Tower 1, Sorrento,
Tsimshatsui, Kowloon, Hong Kong. |
|
PANG Ying Yeung,
Alan |
Flat F, 31/F., Tower 1, Sorrento,
Tsimshatsui, Kowloon, Hong Kong. |
(As per registry dated 06-05-2011)
|
Name |
Address |
Co.
No. |
|
Harris
Secretaries Ltd. |
8/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong
Kong. |
0031138 |
The
subject was incorporated on 6th May, 1986 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 and Exporter.
Lines: Mannequin and mannequin parts, hair care products, etc.
Employees: 13.
Commodities Imported: China, etc.
Markets: Australasia, Japan, Korea, North America, Taiwan, Western Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$200,000.00 (Divided into 20,000 shares of HK$10.00 each)
Issued Share Capital: HK$200,000.00
Mortgage or Charge:-
Date of Deed of Indemnity, Charges Over Deposit and Set-Off: 18‑05‑2011
Amount: All moneys in respect of general banking facilities
Property: All the Company’s estate, right, title, claim, benefit and interest to and in the Deposit (No.: 012-382-5-024248-9 and Amount: CNY13,400,000.00) and all interest from time to time payable thereon and together with all title deeds or documents relating thereto.
Mortgagee: Bank of China (Hong Kong) 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: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
Having
issued 20,000 ordinary shares of HK$10.00 each, Lepachu Ltd. is almost equally
owned by Mr. Pang Kam Chiu and Yeung Jiu Ltd., a Hong Kong-registered
firm.
The
subject is one of the comprehensive and competitive enterprises in the
international hair and beauty markets who not only manufactures, exports,
imports and distributes high quality hair and beauty product, but also
specialized on hair and beauty education and services. It is the largest mannequin heads supplier in
the world. Its mannequins are designated
by OMC for world competitions, designated by Japanese Government for national
examinations, and designated by Pivot Point world-wide member schools and
colleges.
The
subject has had two factories located in Guangzhou, Guangdong Province, China,
and Chengdu, Sichuan. Besides
mannequins, the subject also manufactures and exports the following products to
the world-wide hair and beauty markets: electrical curling irons and hair
dryers, scissors, wigs, men's toupee, hair extension (remy and non-remy hair),
plastic and metal tools, salon equipment, hair care products, etc. Besides manufacturing and exporting, the
subject is also engaged in importing, distributing and selling hair and beauty
products in Hong Kong and China. During
the past 10 years, it expanded its business and built up a very good image
among different places in China.
The
subject is importing, distributing and selling the following products in China
and Hong Kong: hair care products, make up products, jessetter, education materials,
beauty care products, salon equipment, professional hair dryers and curling
irons, hair and beauty magazines, etc.
The
subject has over 20 distribution companies and 17 Pivot Point hair and beauty
schools in China. Pivot Point is the
world leader in hair and beauty education.
It has the most advanced education system in the world. All of Pivot Point’s educational programs are
being released on the laser disc and DVD formats, and these “Laser Education
Systems” are effectively used in our schools in Guangzhou and Sichuan.
The
history of the subject in Hong Kong is over twenty-five years.
On
the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
|
1 |
Rs.78.14 |
|
Euro |
1 |
Rs.65.08 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.