MIRA
INFORM REPORT
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Report Date : |
7th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
ERIC LAM CO |
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Registered Office : |
Rm 311-12 Yu To Sang Bldg 37 Queen's
Rd Central, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 27, 1990 |
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Com. Reg. No.: |
13470107-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in trading diamonds |
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
Concern |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Name & address
ERIC LAM CO
RM 311-12 YU TO SANG BLDG 37 QUEEN'S RD
CENTRAL,
HONG KONG
TEL: 852 23667867
FAX: 852 23664376
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 27, 1990
REGISTRATION NO. :
13470107-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. FAT-LUEN LAM (CHAIRMAN)
STAFF STRENGTH :
5
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 3,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.78571= US$1 AS OF 2006-11-7
*Company Registration*
===================
License number
: 13470107-000
Date issued : 27 March,
1990
Issuing authority :
Inland Revenue Dept.
Type of license
: Business
*Office & Facilities*
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Comment : Premises is shared with ERIC LAM CO LTD.
*Corporate & Organization Structure*
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A small company operated and managed by an
experienced team of professionals.
*Reputation*
===========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
E-mail :
ericlamco@hotmail.com
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Shareholders' Name % of Shares
--------------------------- ----------------
Yuan-hsiang Ko 50.00
Teh-lin Ai 50.00
*Director's Details*
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Winnie Poo-yin Hui
Address : Rm
4C Golden Cassia Court Full Wealth Garden Kai Yuen Terrace, Hong Kong
HKID no. :
G004320(5)
Date of appointment : 27 March, 1990
Name Nationality Job Description
Mr. Fat-luen Lam Hong Kong General Manager
Ms. Winnie Poo-yin Hui Hong
Kong Director
*Key Personnel*
==============
Fat-luen Lam
Founder :
Co-Founder
HKID no. :
C339210(2)
Work experience : More than 15
years
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
Address : Flat
4C Golden Cassia Court Full Wealth Garden Kai Yuen Terrace, Hong Kong
*Main Products & Services*
======================
Specializes in trading diamonds.
Products : Diamonds
*Payment Terms*
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Sales
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Local :
Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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10% of the annual turnover is attributed to local
sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : ERIC LAM CO - KOWLOON
Branch Address : Golden Dragon Centre
38-40 Cameron Rd
Branch Suburb : Tsimshatsui
Branch City : Kowloon
*(Subsidiaries , Joint-ventures &
Affiliates)
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Company Name : ERIC LAM CO LTD
Global Identifier : P0872179
Address : Rm 311-12 Yu To Sang Bldg 37 Queen's Rd
Central Hong Kong Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
PAYMENT RATING :
4 OBTAINED SCORES : 48
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Rating
Key |
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 privately owned 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 USD3,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code
Product/Service
Description
Trading 3911 Jewelry, of precious metal
Trading 3961 Jewelry of materials other than solid gold, platinum
& silver
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code
Product/Service
Description
Trading 7102 Diamonds, worked or not, not mounted or set
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Taiwan
Exporting to USA
Importing from Argentina
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from India
Importing from Israel
Importing from Middle East
Importing from South America
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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