MIRA
INFORM REPORT
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Report Date : |
2nd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
KEI TAT CHEMICALS LTD |
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Registered Office : |
Unit 3502, 35fl Metro Plaza - Tower
2, 223 Hing Fong Rd Kwai Chung New Territories, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
August 5, 1993 |
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Com. Reg. No.: |
0440746 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distribution of wide range of
chemicals |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Name & address
KEI TAT CHEMICALS LTD
UNIT 3502, 35FL METRO PLAZA - TOWER 2,
223 HING FONG RD
KWAI CHUNG NEW TERRITORIES, HONG KONG
TEL: 852 24222838
FAX: 852 24289057
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 5, 1993
REGISTRATION NO. :
0440746
CHIEF EXECUTIVE :
MR. CHI-KI WONG (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 10,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY SATBLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77837= US$1 AS OF 2006-11-1
*Company Registration*
===================
(1) License number : 0440746
Date issued : 5 August, 1993
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Limited Liability Company
(2) License number : 17115602-000
Date issued : N/A
Issuing authority : Inland Revenue Dept.
Type of license : Business
*Registrar*
=========
ROYAL HONOUR CONSULTANTS LTD
*Registered Office*
===============
Although the company is operating its
main business from the address listed above, the actual business license is
legally registered at :
Address : Unit 1107, 11Fl Metroplaza - Tower 2, 223 Hing Fong Rd Kwai
Chung New Territories
*Capital Details*
=============
Share value : HKD 1.00/-each
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00
*Office & Facilities*
===============
Comment : Serves as office, laboratory and warehouse.
Other fax no : 24227222
*Reputation*
==========
Reference checking for the purpose of
establishing the firm's reputation within the respective industry failed to
reveal any negative information.
*Approved Signatures*
===================
Mr. Chi-ki Wong can sign on behalf of
the company with seal affixed.
Website : www.keitat.com.hk
The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
E-mail : kt426788@hkstar.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 2
Total number of ordinary shares : 2
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of
Shares
-------------------------- ------------------------------- ---------------------------------- ----------------
Chi-ki Wong 1
1.00 50
Conny Shun-yuet Ho 1 1.00 50
*Directors' Details*
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(1) Conny Shun-yuet Ho
HKID number : C447722(5)
Address : House 41H Palm Springs Blud Phoenix Path, Yuen Long,
New Territories
(2) Chi-ki Wong
HKID number : G637499(8)
Address : House 41H Palm Springs Blud Phoenix Path, Yuen Long,
New Territories
*Company Secretary*
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Conny Shun-yuet Ho
HKID number : C447722(5)
Address : House 41H Palm Springs Blud Phoenix Path, Yuen Long,
New Territories
Name Nationality
Job Description
Mr. Chi-ki Wong Hong Kong Director
Mr. Conny Shun-yuet Ho Hong Kong Director
Ms. Jessie Ho Hong Kong Representative
*Main Products & Services*
======================
Specializes in the distribution of wide
range of chemicals mainly to the following industries:
- Textile
- Water treatment
- Electronic
- Printed & Etched Circuit
- Leather & Food
Products : Beverage chemical additives
Bleaching
powder
Bleaching
solution
Calcium
hypochlorite
Chemical
products
Brand: KT
*Payment Terms*
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Sales
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Local
: Cash or credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local
: Cash or credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Deal Making*
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Date of deal : 7 April, 2005
Nature of deal : Dealership agreement
Party involved : TFL CHINA
Details : Signed an agreement for future dealership of
finishing business of TFL CHINA in South China.
*Local Distribution Network*
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Part of the annual turnover is
attributed to local sales.
*Import Agencies*
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Agency for : AMERICAN CHEMICAL
*IMPORTER AGENCY LISTING*
==========================
Supplier : CLARIANT INT'L LTD
Global Identifier : P0008784
Country of Origin : Switzerland
Product Description : Fur
chemicals
Brand : Clariant
Year : 1997
Supplier : KARENO
Global Identifier : P0870817
Country of Origin : Italy
Product Description : Leather finishing
chemicals
Brand : Kareno
Year : 1997
Supplier : KYUNG-IN SYNTHETIC CORP
Global Identifier : P0105563
Country of Origin : South Korea
Product Description : Leather,
dyestuffs
Brand : KISC & KISCO
Year : 1997
Supplier : DOW CHEMICAL CORP
Global Identifier : T0000607
Country of Origin : USA
Product Description : Surfactants
Brand : DOW
Year : 1997
*Export Markets*
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Part of the annual turnover is
attributed to export.
*Subsidiaries, Joint-ventures &
Affiliates*
=================================
Maintains a laboratory and technical
training center in Guangzhou, China.
PAYMENT RATING : 4 OBTAINED SCORES :
48
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC based upon our
Payment Database, comments from suppliers of SC, information from banks (if
available), as well as industrial sources.
Dealings on open terms may be
possible for SMALL amounts depending on individual judgement experience.
As a private limited company there is
no legal requirement according to local corporate law for public disclosure of
detailed financials.
SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD10,000 appears to be within
SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2800 Chemicals and Allied Products
Trading 2899 Chemical preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2811221000 Synthetic silica gel
Trading 2815 Sodium hydrox; potass hydrox sod
or potassium peroxide
Trading 2815200000 Potassium hydroxide (caustic potash)
Trading 2828100000 Commercial calcium hypochlorite and other
calcium hypochlorites
Trading 2903230000 Tetrachloroethylene (perchloroethylene)
Trading 3206100000 Pigments and preparations based on
titanium dioxide
Trading 3800 Miscellaneous chemical products
Trading 3808400000 Disinfectants
Trading 3823909050 Chemical products and preparations of the
chemical or allied industries
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Chemical,
spinning
Trading Chemicals
Trading Disinfectants
Trading Food additive
chemicals
Trading Fur
chemicals
Trading Industrial chemical
products
Trading Leather
chemicals
Trading Paper
chemicals
Trading Perchloroethylene
Trading Phenolic
moulding compounds
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from Europe
Importing from France
Importing from Germany
Importing from Italy
Importing from Japan
Importing from North America
Importing from South Korea
Importing from Switzerland
Importing from Taiwan
Importing from USA
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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