MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHAINA INT'L LTD |
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Registered Office : |
Rm 11, 9fl Wayson Commercial Bldg 28 Connaught Rd West |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 14, 2001 |
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Com. Reg. No.: |
750225 |
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Legal Form : |
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Line of Business : |
Domestic sales and trading machinery. |
RATING &
COMMENTS
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MIRAs 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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CHAINA INT'L LTD
RM 11, 9FL WAYSON COMMERCIAL BLDG 28 CONNAUGHT RD WEST,
HONG KONG
TEL : 852 28757803
FAX : 852 28757806
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 14, 2001
REGISTRATION NO. :
750225
CHIEF EXECUTIVE :
MR. XI WEN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,280,410
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81542 = US$1 AS OF 2007-4-20
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 : 750225
Date issued : 14 March,
2001
Issuing authority : Companies
Registry
License number : 31680873-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Capital Details*
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Authorized capital : HKD 10,000,000.00 divided into 10,000,000 ordinary
shares of HKD 1.00/-each, fully-paid
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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 shareholder
: 1
Total number of ordinary shares : 10,000,000
Shareholder's Name No. of
shares Amount of shares (HKD) % of Shares
-------------------------- ------------------ --------------------------------- ----------------
Xi Wen
10,000,000
10,000,000.00
100.00
*Director's Details*
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Xi Wen
Passport No :
G02713579
Address :
1-3 Xi Wu Lou 35 Da Mu Cang Hu Tong, Xicheng Dist, Beijing China
Responsibilities :
Handles the overall management of the company.
*Company Secretary*
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SUCCESS OFFSHORE INCORPORATIONS (HK) LTD
License number : 807663
*Main Products & Services*
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Specializes in domestic sales and trading machinery.
Products : Centering notching machines
Copper cladding
aluminium m/c
Friction
extrusion lines
Winding
machine
Wrapping
machineries
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*Overseas Suppliers*
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Country :
China
Supplier's Name : BEIJING
HOLLAND TECH CO LTD
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 85100 |
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 : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,Hong Kong
Branch Address : Lyndhurst Bldg 25-41 Lyndhurst Terrace
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with an acceptable base.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3569 General
industrial machinery and equipment, and parts
Trading 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8422409080 Packing
or wrapping machinery
Trading 8479 Machines
etc having individual functions parts
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from Asia
Importing from China
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 SCs 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%)