MIRA
INFORM REPORT
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Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL TREND TRADING LTD. |
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Registered Office : |
Flat J-2, 11/F, Phase Ii, Kaiser Estate,51 Man Yue St.,
Hung Hom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
3-7-1998 |
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Com. Reg. No.: |
648972 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & export fine jewellery. |
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 : |
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name & address
GLOBAL TREND TRADING LTD.
FLAT J-2, 11/F, PHASE II, KAISER ESTATE,51 MAN YUE ST., HUNG HOM,
KOWLOON, HONG KONG.
TEL : 852 27662618
FAX : 852 27649488
EXECUTIVE SUMMARY
INCORPORATION DATE :
3-7-1998
REGISTRATION NO. :
648972
REGISTERED LEGAL FORM :
PRIVATE LIMITED CO.
CHIEF EXECUTIVE : YAN PO TING (DIRECTOR)
STAFF STRENGTH :
7
AUTHORIZED CAPITAL : HK$10,000 = 10,000 SHARES @ HK$1.-
PAID-UP CAPITAL : HK$8,000
BUSINESS LINE :
MANUFACTURE & EXPORT OF FINE JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NORMAL
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81488 = USD1 AS OF 2007-4-3
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD – Hong Kong Dollars
SC is a private limited company registered under
incorporation file no. 648972 on 3-7-1998.
SC's shareholders & directors are shown to be as
follows:
Shareholders (as at 3-7-2006) Number
of shares held
- Yan Po Ting 4,000
- Lum Irene 3,000
- Accpro Solutions Ltd. 1,000
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8,000
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Directors (as at 3-7-2006)
- Lo Jennifer / 111245053
- Lum Irene / 202363932
- Yan Po Ting / 200622029
The above registration information is based on SC's annual
return filed at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced
& noted within last 2 years.
Lo Jennifer, director:
- She is by American nationality
Currently residing in USA & only visits Hong Kong for
business occasionally.
Registered residential address: 2/F, 2 West 45th Street, New
York, NY 10036, USA.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Yan Po Ting, director:
- He is a Chinese mainlander
- Embarked upon his career to present field as a small
businessman in his mid 20's
Currently active in SC's day-to-day operations & is
responsible for its management.
Registered residential address: Flat A, 17/F, Blk 25, Ocean
Vista, Phase 5, Laguna Verde, Kowloon, HK.
Credit
history check : This refers to a check of
our database whether the said person has been involved in any of
the
following records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 58 (see explanatory notes
below)
Keys : 1 : scores 81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history & trade
reputation, business experience & track record, market connection and
management skill.
Upon a current contact, SC's principal(s) declined
forwarding any financial information on the ground that SC is a private venture
whose data is not required for public inspection.
As per current co. search, total amount of indebtedness of
SC in respect of all mortgages and charges which are required to be registered
with Companies Registry as at 3-7-2006 was ANS
Banking relations are maintained principally with:
- HSBC
- Bank of China (HK) Ltd.
This section will contain the civil litigations &
winding-up petitions filed against SC for the last 6 years (as stored in our
database), and the mortgage/charge records filed by SC for the last 2
years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up
petitions : (X) see below ( )
see attached sheet
Date : 20-1-2006
Defendant(s) : SC
Plaintiff(s) : Commissioner of Inland Revenue
Cause of claim : Tax
Claimed amount : $3,726,062
Mortgage/charge record(s) : None filed within the last 2 years as per
our current search.
Mortgage Index:
Year(s) in which mortgage registration(s) are filed: 2002,
2006
Year(s) in which mortgage satisfaction record(s) are filed:
Nil
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average ( ) Fair (
) Poor (X) Not yet
determined
The appraisal serves as a reference to reveal SC's payments
habits and ability to pay. It is based
on the 3 weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent payment
records and our debt collection record concerning SC.
Trade
payment experience : SC
did not provide any name of trade/service suppliers and we have no other
sources
to conduct the enquiry at present.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Business categories :
SC is engaged in manufacturing & export fine jewellery.
Items available include gemstones (jade, ruby, emerald,
sapphire, tiger, rough colour), diamond, semi-precious & precious stones.
Production is assigned to its affiliated factory/joint
venture factory located at Guangzhou,
Guangdong Province, PR China.
Principal purchases :
Major types of sourcing :
Diamond & gemstones
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India, Sri Lanka, Pakistan, S. Africa, Europe & other SE Asian countries
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Nil
Selling terms :
Nil
Overseas--buying countries :
USA, PR China & Europe
Selling terms :
L/C & T/T
Total number of employees : 7.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,000 square feet at a commercial
building in a commercial & residential district.
Condition inside the premises
during our visit : Normal.
Office/factory layout : Standard.
SC is not known to have any subsidiary at
present.
In view of SC's writ records, credit
dealings should be confined to small amount at present.
-- Asset Tracing --
Upon our current investigation, our database & sources
consulted indicate that SC was not involved in any property transaction (both
purchase & disposal) in Hong Kong for the last 6 years.
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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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%)