MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TREND DRAGON TRADING LTD |
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Registered Office : |
Comet Commercial Bldg 42a |
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Country : |
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Date of Incorporation : |
April.27, 1993 |
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Com. Reg. No.: |
0417070 |
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Legal Form : |
Private |
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Line of Business : |
The company only act as a shipping agent for a range of
footwear produced by its Handles the shipment of those orders to customers. |
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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
TREND DRAGON TRADING LTD
COMET COMMERCIAL BLDG 42A
TEL : [+852] 27220557
FAX : [+852] 27220775
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL.27, 1993
REGISTRATION NO. :
0417070
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHEN-HSI CHEN (COMPANY DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82840 = USD1 AS OF 2007-08-03
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
Note: SC’s registered legal address is Rm1407, 14Fl Bell
House - Block B 525 Nathan Rd Yaumatei Kowloon,
*Company Registration*
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(1)
License number :
0417070
Date issued :
27 April, 1993
Issuing authority :
Companies Registry
Type of license :
National Company License
Legal form :
Private Limited Company
(2)
License number :
17177327
Date issued
: N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
*Capital Details*
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Share value
: HKD 1.00/-each
Authorized capital :
HKD 10,000.00
Paid-up capital
: HKD 2.00 divided into 2 ordinary shares
*Office & Facilities*
==================
Other e-mail address : evacho@bensons.com.tw
Previous address
: Rm1407, 14Fl Bell House - Block B 525 Nathan Rd Yaumatei Kowloon
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Company Secretary*
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Pui-fung Ng
HKID No : E995448(5)
Address :
Rm 7, 9Fl
*Approved Signatures*
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Only Chen-hsi Chen can sign on behalf of the company with
seal affixed.
Email : louise@bensons.com.hk
SC is not known to host website of its own at present.
For the 14 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 2
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ------------------------------- ---------------------------------- ----------------
Chien-chuen Hsiao 1 1.00 50.00
Chen-hsi Chen 1 1.00 50.00
*Directors' Details*
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(1)
Chen-hsi Chen
Overseas Passport no. : 200263531
Address : Flat A, 7Fl 367
Section
(2)
Chien-chuen Hsiao
Overseas Passport no. : 132550174
Address : Flat A, 7Fl 367
Section
Management : Mr. Pui-fung Ng, Secretary
Name
Nationality Job
Description
Mr. Pui-fung Ng
Taiwanese Secretary
*Main Products & Services*
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Specializes in the following areas of work:
1. The company only act as a shipping agent for a range of
footwear produced by its
2. Handles the shipment of those orders to customers.
Note : The company is not involved in the actual trading of
footwear.
Products : Shipping
Shipping agents
*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)
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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.
As a private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name :
CITIBANK
Branch
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Account number :
5019442602
Swift code
: CITIWTX
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Service
4789 Transportation
Svcs, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service
9852 Freight
transportation arrangement, and customs brokerage
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%)