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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SEATOMAN
HOLDINGS LTD. |
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Registered Office : |
Room 207,
2/F., Winning Centre, |
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Country : |
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Date of Incorporation : |
19.04.2006 |
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Com. Reg. No.: |
36691738 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of garments |
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No. of Employees : |
13 (Including associate) |
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) |
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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 |
SEATOMAN HOLDINGS LTD.
Room 207, 2/F., Winning Centre, 27 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.
PHONE: 2789 7888
FAX: 2396 5572
E-MAIL: richard@22northhk.com
Managing Director: Mr. Richard David Strompf
(Mobile: 9473 4098)
Incorporated on: 19th April, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$200.00
Business Category: Importer and Exporter.
Employees: 13. (Including associate)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Room 207, 2/F., Winning Centre, 27 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.
Associated
Companies:-
22 North Ltd., Hong Kong. (Same address)
Seatoman Far East Ltd., Hong Kong.
36691738
1038887
Managing Director: Mr. Richard David Strompf
Director & Contact Person: Ms. Inge Strompf Jepsen
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$200.00
(As per registry
dated 19-04-2012)
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Name |
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No. of shares |
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Inge STROMPF JEPSEN |
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200 === |
(As per registry
dated 19-04-2012)
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Name (Nationality) |
Address |
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Inge STROMPF JEPSEN |
Lot 1374, D.D. 222, Pak Kong Au Village, Po Lo Che, Sai Kung, New Territories, Hong Kong. |
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Richard David STROMPF |
Lot 1374, D.D. 222, Pak Kong Au Village, Po Lo Che, Sai Kung, New Territories, Hong Kong. |
(As per registry
dated 19-04-2012)
|
Name |
Address |
Co.
No. |
|
Citizen’s Secretarial Services Ltd. |
14/F., Shanghai Industrial Investment Building, 48 Hennessy Road, Wanchai, Hong Kong. |
0032891 |
The subject was incorporated on 19th April, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 2, 12/F., Block A, Hong Kong Industrial Centre, 489-491 Castle Peak Road, Kowloon, Hong Kong, moved to the present address in July 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter.
Lines: All kinds of garments.
Employees: 13. (Including associate)
Commodities Imported: China, other Asian countries, etc.
Markets: North America, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$200.00
Mortgage or Charge: (See
attachment)
Profit or Loss: Making a small profit in past three years.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
· Bank of China (Hong Kong) Ltd., Hong Kong.
Chiyu
Banking Corporation Ltd., Hong Kong.
Standing: Normal.
Having issued 200 ordinary shares of HK$1.00 each, Seatoman Holdings Ltd. was equally owned by Mr. Richard David Strompf and Ms. Inge Strompf Jepsen. Now, the subject is wholly-owned by the latter. Seemed to be a couple, Mr. Richard David Strompf and Ms. Inge Strompf Jepsen are also directors of the subject.
The subject moved to the present address in July 2011.
The subject is a garment trader. It is trading in men’s suits and jackets‚ jeans‚ down filled jackets and coats‚ high-end fashion wear‚ shirts‚ silk shirt‚ tailor made garments‚ trousers‚ slacks‚ silk garment‚ cardigan, sweater and pullover‚ tee and sweat shirts‚ winter sports apparel, etc. Commodities are chiefly sourced from China and the other Asian countries. Prime markets are North America, Europe, Northern Europe, etc. Overall business is normal.
The subject has got an associated company 22 North Ltd. [22 North], a Hong Kong-registered firm located at the same operating address. 22 North is trading in yachts. It is the agent in Hong Kong for the “X-Yachts” and “DK Yachts” which are manufactured by X-Yachts A/S of Denmark and DK Composites Sdn. Bhd. of Malaysia.
22 North was formed in 1994 to carry on running the “X-Yachts” dealership for Hong Kong, China and Southeast Asia. It also represents “DK Yachts” and it is the regional agents for North Sails NZ.
As an international yacht broking company, 22 North is specialised in racing and large cruising yachts and have strong broker contacts around the world.
The businesses of the subject and 22 North are chiefly handled by the couple.
The history of the subject is over six years in Hong Kong.
On the whole, consider it good for normal business engagements in moderate credit amounts.
|
Date |
Particulars |
Amount |
|
06-08-2009 |
Instrument: Deed of Floating Charge Property: By way of first floating charge all book and other debts and monetary claims now or at any time hereunder due or owing to it together with the full benefit of all guarantees and securities thereof and indemnities in respect thereof and all lien, reservations of title, rights of tracing and other right enabling it to enforce any such debts or claims. The undertaking and all the property assets and rights of the Company Mortgagee: Chiyu Banking Corporation Ltd., Hong Kong. |
Principal sum of HK$2,500,000.00 |
|
13-05-2010 |
Instrument: Deed of Floating
Charge Property: By way of first floating charge all book and other debts and monetary
claims Mortgagee: Chiyu Banking
Corporation Ltd., Hong Kong. |
Not exceed
the principal sum of HK$2,000,000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
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UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.