MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
NOBLE CHINA (WORLDWIDE) LTD |
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Registered Office : |
12FL Landmark North 39 Lung Sam Ave Sheung Shui New
Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 30, 2004 |
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Com. Reg. No.: |
0892792 |
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Legal Form : |
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Line of Business : |
Engaged in the wholesaling of furniture. |
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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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
NOBLE CHINA (WORLDWIDE) LTD
12FL LANDMARK NORTH 39 LUNG SAM AVE SHEUNG SHUI NEW
TERRITORIES, HONG KONG
TEL : 852 26680070
FAX : 852 26681167
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 30, 2004
REGISTRATION NO. :
0892792
CHIEF EXECUTIVE :
MS. HELEN WANG (SECRETARY)
STAFF STRENGTH :
10
CAPITAL :
US$ 128,041
BUSINESS LINE :
TRADER
TURNOVER :
N/A
(AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 10,000 (PERIODICAL REVIEW)
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
AVERAGE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81378 = US$1 AS OF 2007-4-16
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
*Company Registration*
===================
License number : 0892792
Date issued : 30 March, 2004
Issuing authority : Companies Registry
Legal form : Private Limited Company
License number : 34448874-000
Date issued :
N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
*Capital Details*
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Paid-up capital : HKD 1,000,000 divided into 1,000,000 shares of HKD 1.00 /-each, fully paid.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Any of the following directors can sign on behalf of the company with
seal affixed:
- Fat Kam Yip
- Ngai Yip
Website: www.noblechinaworldwide.com It’s in Chinese and English versions.
E-mail : headquarter@noblechinaworldwide.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder :
1
Total number of shares
: 1,000,000
Shareholder's Name
Type of Share No. of
Shares Amount of Shares
(HKD) % of Shares
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Ngai Yip Ordinary 1,000,000 1,000,000.00 1.00
*Directors' Details*
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Fat Kam Yip
Address : 3Fl 26 San Lok St Sheung
Shui New Territories Hong Kong
National identification number
: E678715(4)
Ngai Yip
Address : 3Fl 26 San Lok St Sheung
Shui New Territories Hong Kong
National identification number
: C337119(9)
Responsibility : Handles the overall
management of the company.
*Company Secretary*
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WAKI CONSULTANTS LTD
Address : 14Fl Aztec House 2 Mau Lam St Jordan Kowloon
CR no
: 415373
Management : Ms. Helen Wang, Secretary
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Ms. Helen Wang Hong Kong
Secretary -
Management Details - 1
Personal Unique Identifier : MI01778544
Name : Ms. Helen Wang Sex : F
*Main Products & Services*
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Engaged in the wholesaling of furniture.
Products : Chairs
Executive
chairs
Furniture
Household wooden
furniture
Mirror
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchase
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 49
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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.
*Bank Details*
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Bank name : NANYANG
COMMERCIAL BANK LTD
Branch : Ground Fl
31 Fu Hing St Sheung Shui New Territories
Account number : 04349510300849
Swift code : NYCBHKHH
*Financials*
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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 a short history. It is
considered a credit line up to USD10,000 appears to be within SC’s capacities
upon a periodical review basis.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2500 Furniture
and Fixtures
Trading 2512 Upholstered
wood Furniture
Trading 5021 Furniture
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8306300000 Photograph,
picture or similar frames; mirrors; parts thereof, of base metal
Trading 9401613000 Upholstered
chairs with wooden frames
Trading 9401694030 Seats
with wooden frames for chairs of teak, exc upholstered
Trading 9403 Furniture
and parts thereof
Trading 9403308000 Wooden
furniture of a kind used in offices
Trading 9403500000 Wooden
furniture of a kind used in the bedroom
Trading 9403600000 Wooden
furniture
Trading 9403806000 Furniture
of other materials
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Sofa sets
Trading Wooden chairs
Trading Wooden furniture
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Japan
Exporting to USA
Exporting to United Kingdom
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%)