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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
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Name : |
U.B.O.
(HOLDING) LTD. |
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Formerly Known As : |
Sambuy
International Ltd. |
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Registered Office : |
Unit 805-807, 8/F., Laford Centre, |
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Country : |
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Date of Incorporation : |
02.04.1986 |
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Com. Reg. No.: |
10230598 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of garments, textile products, accessories, etc. |
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No. of Employees : |
15 |
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 |
U.B.O. (HOLDING) LTD.
Unit 805-807, 8/F., Laford Centre, 838 Lai Chi Kok Road, Kowloon, Hong Kong.
PHONE: 2721 7111
FAX: 2724 4825
E-MAIL: normanhk@netvigator.com , norman@ubo.com.hk
Managing Director: Mr. William John Edward Tjon Appian
Incorporated on: 2nd April, 1986.
Organization: Private Limited Company.
Capital: Nominal: HK$600,000.00
Issued: HK$600,000.00
Business Category: Garment Dealer.
Employees: 15.
Main Dealing Banker: ABN AMRO Bank N.V., Hong Kong Branch.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 805-807, 8/F., Laford Centre, 838 Lai Chi Kok Road, Kowloon, Hong Kong.
Holding Company:-
Euretco B.V.
Stadionstraat 2, 4815 NG Breda, the Netherlands.
[Tel: (076) 5 78 59 11; Fax: (076) 5 87 46 66]
Subsidiary &
Affiliated Companies:-
Euretco Fashion B.V., the Netherlands.
Euretco Finance B.V., the Netherlands.
Euretco Label Co. B.V., the Netherlands.
Euretco Sport B.V., the Netherlands.
Euretco Support B.V., the Netherlands.
Euretco Wonen B.V., the Netherlands.
G.B.O. (Holding) Ltd., Hong Kong.
G.B.O. (Hong Kong) Ltd., Hong Kong.
G.B.O. Service Centre Ltd., Hong Kong.
U.B.O. (Hong Kong) Ltd., Hong Kong. [Dissolved]
Associated with:-
Abagtha Ltd., Hong Kong.
Poelman (Hong Kong) Ltd., Hong Kong. [Dissolved]
Poelman Holding B.V., the Netherlands.
10230598
0167313
Managing Director: Mr. William John Edward Tjon Appian
Nominal Share Capital: HK$600,000.00 (Divided into 60 shares of HK$10,000.00 each)
Issued Share Capital: HK$600,000.00
(As per registry
dated 02-04-2012)
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Name |
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No. of shares |
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Euretco B.V. Stadionstraat 2, 4815 NG Breda, the Netherlands. |
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41 |
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Wai Chiu Co. Ltd., Hong Kong. |
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10 |
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William John Edward Tjon APPIAN |
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6 |
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CHENG Chiu Kwong |
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3 |
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–– |
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Total: |
60 == |
(As per registry
dated 02-04-2012)
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Name (Nationality) |
Address |
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Ferdinand Den HOED (Netherlands) |
Hauwklaver 17, 3069 DJ, Rotterdam, the Netherlands. |
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William John Edward Tjon APPIAN (Netherlands) |
Venkelgaarde 7, 2803 RL, Gouda, the Netherlands. |
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Johannes Gerardus BRUIJNIKS |
Wilna 8, 4141 MX, Leerdam, the Netherlands. |
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Wai Chiu Co. Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
(As per registry
dated 02-04-2012)
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Name |
Address |
Co.
No. |
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W. T. (Secretaries) Ltd. |
Level 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong. |
42150 |
The subject was incorporated on 2nd April, 1986 as a private limited liability company under the Hong Kong Companies Ordinance.
It was originally registered under the name of Lumfibe Co. Ltd., name changed to Sambuy International Ltd. on 20th May, 1986, and further to the present style on 2nd December, 1993.
Formerly the subject was located at Rooms 603A-604A, 6/F., Empire Centre, 68 Mody Road, Tsimshatsui East, Kowloon, Hong Kong. Moved to Units 3‑7, 22/F., Laws Commercial Plaza, 788 Cheung Sha Wan Road, Kowloon, Hong Kong on 1st July, 1999; and further to the present address with effect from 22nd May, 2004.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of garments, textile products, accessories, etc.
Employees: 15.
Materials/Commodities: Mainly imports raw materials from Europe and finished products from Asia.
Markets: Netherlands, Germany and other European countries.
Terms/Sales: L/C, T/T, D/P, etc.
Terms/Buying: L/C, T/T and D/P.
Hangzhou Alephan
Garments Co. Ltd.
95 Shuguang Road, Hangzhou City, Zhejiang Province, China.
[Tel: 86-571-8799 3900; Fax: 86-571-8799 3942]
Nominal Share Capital: HK$600,000.00 (Divided into 60 shares of HK$10,000.00 each)
Issued Share Capital: HK$600,000.00
Profit & Loss: Making a small profit every year.
Condition: Business is satisfactory.
Facilities: Making active use of general banking facilities.
Payment: Met as contracted.
Commercial Morality: Satisfactory.
Banker: ABN AMRO Bank N.V., Hong Kong Branch.
Standing: Good.
U.B.O. (Holding) Ltd. is a subsidiary company of Euretco B.V. [Euretco], a firm registered and based in the Netherlands.
Incorporated in April 1986, the subject is a garment dealer. It is the ultimate service provider to its customers, primarily from the Netherlands and Germany. It has set up a branch office in Bandung, Indonesia and two Quality Control offices in China. The subject can give its customers tailor made solutions for their inquiries on all type of coordinates and garments sourced in China, Southeast Asia, India and Pakistan.
The subject chiefly handles the following products for women, men, and youngsters: active/athletic wear (general), beach/swimwear, coats/outerwear (general), pants – casual, shirts/tops – casual, shorts, skirts – casual, sweaters, sweatshirts, T-shirts, etc.
The subject’s main supplier in China is Hangzhou Alephan Garments Co. Ltd., a garment manufacturer in Hangzhou City, Zhejiang Province, China. In recent years, the subject has been trading in other textile products and accessories.
Also located at the same address, the subject has set up a wholly-owned subsidiary known as U.B.O. (Hong Kong) Ltd. which is engaged in the same lines of business. The subject’s other important associates are Poelman (Hong Kong) Ltd. and Poelman Holding B.V., the Netherlands. The former was dissolved by deregistration on 22nd June, 2007 while the latter is in the Netherlands.
The subject is controlled by Mr. William John Edward Tjon Appian, a Dutch who has been in Hong Kong for a very long time.
The subject’s parent, Euretco, is one of the top three companies in the non‑food retail trade in the Netherlands. Its activities are based on three pillars: the provision of a complete package of services to independent retailers, the management of the company’s own shops, and the marketing of leading brands. The business units within the Euretco Group and the affiliated entrepreneurs operate independently. Euretco has acquired a leading position in the fashion, lifestyle and living, sports, bicycles and car accessories sectors in the Netherlands and is extending its activities to other countries in Europe.
Euretco has over 1,500 member businesses in fashion, living products and sport products.
The combined annual turnover of the approximately 2,100 shops owned by affiliated entrepreneurs is around €2.0 billion. Significant brands carried (or its franchise) are “Profijt”, “Super Keukens”, “Pronto”, “SPORT 2000”, “Runnersworld”, “LinCherie”, “Thumb Country”, “Decorette” and “Topform”. Private brands in baby and children’s segment are “Baby Face” and “LCKR”.
Products are sold in Germany, Austria, Denmark, Greece, Spain, Ireland, Italy, etc.
Euretco has around 280 employees in its headquarters.
The history of the subject in Hong Kong is over twenty-six years.
On the whole, in view of the subject’s background, history and parentage, consider it good for normal business engagements.
COURT CASES: None as per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
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UK Pound |
1 |
Rs.87.26 |
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Euro |
1 |
Rs.69.84 |
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 |
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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.