MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMILING TRADING CO |
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Registered Office : |
Rm 5, 11FL Hang Tung Bldg - Block A, 1116 Canton Rd
Mongkok Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 1, 1996 |
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Com. Reg. No.: |
19990468-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name & address
SMILING TRADING CO
RM 5, 11FL HANG TUNG BLDG - BLOCK A, 1116 CANTON RD
MONGKOK KOWLOON, HONG KONG.
TEL : 886-2-28723531
FAX : 886-2-28723634
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 1, 1996
REGISTRATION NO. :
19990468-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. NGAI-SUN NG (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
HKD 7.82126 = US$1 AS OF 2007-4-28
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*
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License number : 19990468-000
Date issued : 1 June, 1996
Issuing authority : Business Registration Office - Inland Revenue
Dept
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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Under Hong Kong corporate law, there is no existing
"shareholder" in a sole proprietorship.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
Management: Mr. Ngai-sun Ng, General Manager
Name Nationality
Job Description
Mr. Ngai-sun Ng Hong
Kong General Manager
*Key Personnel*
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Mr. Ngai-sun Ng
Founder : Sole
Founder
HKID no. : H4461128
Address : Rm 63, 1Fl
Lever Bldg Arcade 33 Larch St Tai Kok Tsui Kowloon Hong Kong
*Operations Status*
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Extensive investigations have been conducted to identify the commercial
operation status of the company.
Investigations have included:
1. Site visit
2. Contact and searches with the main local Telecom supplier for
telephone and/or fax lines.
3. Checks with the local trade and business associations.
4. Correlation with address held by Inland Revenue Department, Hong Kong
Although the corporate license is still valid, investigators were unable
to identify any functioning office of the company.
*Main Products & Services*
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In the absence of any known business activity there are no known
products associated with this business entity.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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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.
SC refused to release the financial details.
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company. Given the circumstances, caution
is advised related to dealings with persons claiming to represent such an
entity.
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%)