MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
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Registered Office : |
301, Bupa Centre 141, |
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Country : |
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Date of Incorporation : |
15.03.1965 |
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Com. Reg. No.: |
01844176-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of pharmaceutical raw materials. |
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 : |
UP TO USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & Address
RM 301 BUPA CENTRE
TEL: 852 25461523 FAX: 852 28581598
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 15, 1965
REGISTRATION NO. :
01844176-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. YU-YIM TSOI (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7. 8288 = US$1 AS OF 2007-8-6
history
*Company Registration*
===================
License number : 01844176-000
Date issued : 15
March, 1965
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
===============
Type of building :
Commercial building
Other e-mail address: sunrisetrade852@hotmail.com
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
website
E-mail : da1208@ctimail.com
SC is not known to host website of its own at present.
litigation
For the past two years there is no record of litigation.
Ownership/management
backgorund
*Shareholders*
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Based on corporate filing regulations for this type of entity in
*Ownership - Details*
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Country :
Name :
Mr. Yu-Yim Tsoi
Nationality :
ID/Passport No. :
A7356334
Registered Address : 1Fl
Date of Appointment : 15 Mar,
1965
management
*Key Personnel*
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Yu-Yim Tsoi
Founder :
Sole Founder
National ID number : A7356334
Address :
1Fl
Responsibility :
Handles the overall management of the company
Business operations
*Main Products & Services*
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Specializes in trading wide range of pharmaceutical raw materials.
Products: Pharmaceutical raw materials
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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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.
Related companies
SC is not known to have any subsidiary at present.
payment
PAYMENT RATING : 4 OBTAINED SCORES : 43
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Rating Key |
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.
Financial highlights
*Bank Details*
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Bank Name : CHEKIANG FIRST NATIONAL BANK
SWIFT Code : This bank does not have a SWIFT Code
As a sole proprietorship there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
remarks
SC is considered an old-established business in small size. A credit line up to USD10, 000 would appear to be
within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Trading 2800 Chemicals
and Allied Products
Trading 2834 Pharmaceutical
preparations
HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code
Product/Service
Description
Trading 3800 Miscellaneous
chemical products
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to
Importing from Asia
Importing from
Importing from Europe
Importing from
Importing from North America
Importing from
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%)