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Report Date : |
16.01.2013 |
IDENTIFICATION DETAILS
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Name : |
FEBO INTERNATIONAL LTD. |
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Registered Office : |
Unit 506-7, 5/F., Topsail Plaza, 11 On Sum Street, Sha Tin, New Territories |
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Country : |
Hong Kong. |
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Date of Incorporation : |
15.08.1991 |
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Com. Reg. No.: |
14811049 |
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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. |
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No. of Employees : |
8 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Hong Kong |
A2 |
A2 |
|
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 |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
Source
: CIA
FEBO INTERNATIONAL
LTD.
Address:
Unit 506-7, 5/F., Topsail Plaza,
11 On Sum Street, Sha Tin,
New Territories,
Hong Kong.
(Formerly located at:
Unit 1717, 17/F, Metropole Square,
2 On Yiu Street, Siu Lik Yuen,
Sha Tin, New Territories, Hong Kong.)
PHONE: 2692 7555, 2649
1810
FAX: 2692 7589
E-MAIL: febrointl@netvigator.com
Managing Director: Mr. Sam Dermot
Victor Prittie-Perry
Incorporated on: 15th
August, 1991.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$20.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
8.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Unit 506-7, 5/F., Topsail Plaza, 11 On Sum Street, Sha Tin,
New Territories, Hong Kong.
14811049
0322031
Managing Director: Mr. Sam Dermot
Victor Prittie-Perry
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of
HK$10.00 each)
Issued Share Capital: HK$20.00
(As per registry dated 15-08-2012)
|
Name |
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No. of shares |
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Prittie-Perry DIOMAR |
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1 |
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Sam Dermot Victor PRITTIE-PERRY |
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1 |
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– |
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Total: |
2 = |
(As per registry dated 15-08-2012)
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Name (Nationality) |
Address |
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Natalie PRITTIE-PERRY |
House 53, 18th Street, Hong Lok Yuen, Taipo, New Territories,
Hong Kong. |
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Sam Dermot Victor PRITTIE‑PERRY |
House 53, 18th Street, Hong Lok Yuen, Taipo, New Territories,
Hong Kong. |
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Diomar PRITTIE-PERRY |
House 53, 18th Street, Hong Lok Yuen, Taipo, New Territories,
Hong Kong. |
(As per registry dated 15-08-2012)
|
Name |
Address |
Co. No. |
|
M. Y. Secretaries Ltd. |
23/F., Wing Hang Finance Centre, 60 Gloucester Road, Wanchai,
Hong Kong. |
0608706 |
The subject was incorporated on 15th August, 1991 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Fingland Ltd., name
changed to the present style on 29th January, 1997.
Formerly the subject was located at Unit 1717, 17/F, Metropole Square, 2
On Yiu Street, Siu Lik Yuen, Sha Tin, New Territories, Hong Kong, moved to
the present address with effect from 19th November, 2012.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of garments.
Employees: 8.
Commodities Imported: Imports raw materials from European countries, some Asian
countries and finished products from China, other Asian countries, etc.
Markets: North
America, Australia, Western Europe, Scandinavia, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of
HK$10.00 each)
Issued Share Capital: HK$20.00
Profit & Loss: Making
a small profit every year.
Condition:
Keeping in a
satisfactory condition.
Facilities: Making
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: Good.
Febo International Ltd. was equally-owned by Mr. Sam Dermot Victor
Prittie‑Perry and Mr. Diomar Alcantara.
The subject has just issued 2 ordinary shares of HK$10.00 each while
each of the shareholders held a single share.
Now, the subject is equally held by Sam Dermot Victor Prittie‑Perry
and Mr. Diomar Prittie-Perry.
The subject moved to the present address in November 2012.
The subject’s buying services has been developed for over a number of
years, spanning 5 Asian countries and covers over 30 different product
categories‑Ethical trading standards combined with regular factory
inspections is the foundation of the subject’s business model. In-house labelling and product designing,
Warehousing and repackaging, freight consolidation, services are available in
house along with full shipping services.
The subject acts a buying office for a number of prominent imports and
retailers in the United States, Europe, the Middle East and the United Kingdom,
etc. It is responsible for making
payments, quality controlling, finding the correct manufacturers for its
clients.
According to the subject, it is a commission agent as it usually charges
its clients with an agreed commission rate on FOB prices. Laboratory testing charges, if a laboratory
test is required, are to be paid separately by its clients.
Currently, the subject is trading in the following commodities:-
Suits & Jackets - Men’s; Jacket - Men (excluding Ski-Jacket); Jacket
- Ladies (excluding Ski-Jacket); Shirts; Trousers; Slacks; Knitted Garments;
Jacket - Knitted; Tee & Sweat Shirts; Sports Jacket; Hats & Caps; Golf
Bag; Bag - Shopping, PVC; Umbrella; Ball Game Equipment; Golf Equipment &
Accessories; Games & Toys; Battery Operated Toys; Dolls; Soft Toys;
Watches; Mug; Decorations - Glass; Decorations - Polyresin / Polystone;
Glassware; Candles; Giftware; Key Chains / Holders; Novelties; Stationery;
Lanterns & Flashlights - B/O; Imitation / Costume Jewellery; etc.
Currently, the subject is representing the following firms:-
1.
British Heart Foundation, United Kingdom
2.
C.T.I., Denmark
3.
English Name Not Available, United Kingdom
4.
English Name Not Available, US
5.
Pebble Beach Company, US
The subject’s commodities are exported to North America, Australia,
Western Europe, Scandinavia, etc.
Business is rather active and steady.
The subject’s business now is handled by Mr. Leonard Perry who is the
son of Sam Dermot Victor Prittie‑Perry.
Since the history of the subject in Hong Kong is over 21 years, on the
whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.54 |
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|
1 |
Rs.87.69 |
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Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.