MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHAN KIN |
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Registered Office : |
Rm 1 Ground Fl Hoi Lee Bldg |
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Country : |
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Date of Incorporation : |
January 1, 1993 |
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Com. Reg. No.: |
16482121-000 |
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Legal Form : |
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Line of Business : |
Registered to be engaged in restaurant operations. |
RATING &
COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
CHAN KIN
RM 1 GROUND FL HOI LEE BLDG 49-55 MAIN ST
APLEICHAU HONG KONG,
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 1, 1993
REGISTRATION NO. :
16482121-000
CHIEF EXECUTIVE :
MR. TSUN-TONG CHAN (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL : N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : FAIR
EXCHNAGE RATE :
HKD 7. 8288 = US$1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
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License number : 16482121-000
Date issued : 1
January, 1993
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Note : The most recent address as listed in official government
documents was at Rm 1 Ground Fl Hoi Lee Bldg 49-55 Main St, Apleichau,
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Shareholders*
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Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Tsun-tong Chan
Founder :
Sole founder
HKID no. :
H4340711
Address :
Rm B 8Fl Yee On Bldg
Date of Appointment : 1 Jan,
1993
*Operations Status*
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The nature
and extent of the company's operations could not be determined and it could not
be confirmed whether the company operates from the Registered Office address or
in another location.
*Main Products & Services*
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Registered to be engaged in restaurant operations.
Products : Restaurants
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
No Data
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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.
As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 5800 Eating
and Drinking Places
Service 5812 Eating
Places
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 2106 Food
preparations
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%)