MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CARRIER ASIA
LTD |
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Registered Office : |
19FL |
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Country : |
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Date of Incorporation : |
December 27, 1985 |
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Com. Reg. No.: |
0163620 |
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Legal Form : |
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Line of Business : |
Import of air heating and conditioning equipment. Selling of imported products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Up To USD 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
CARRIER ASIA
LTD
19FL
TEL : 852 26945333
FAX : 852 26912642
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 27, 1985
REGISTRATION NO. :
0163620
CHIEF EXECUTIVE :
MS. EVA HUI (REPRESENTATIVE)
STAFF STRENGTH :
50
CAPITAL :
US$ 9,919,718
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.780813 = US$1 AS OF 2007-6-6
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*
===================
(1)
License number : 0163620
Date issued : 27
December, 1985
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 10065179
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as : MALLIA
LTD
Date of incorporation : 27
December, 1985
Changed name to : CARRIER
CHINA LTD
Date of change : 1
August, 1986
Changed name to : CARRIER
ASIA LTD
Date of change : 13
May, 2006
*Trading Names*
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Although the company is legally registered by the name listed above, it
is commonly known as TOSHIBA AIR CONDITIONING GROUP under which it operates
locally.
*Capital Details*
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Authorized capital : HKD 77,473,000.00 divided into 7,747,300 ordinary
shares at HKD 10.00/-each, fully paid.
*Registrar*
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Michelle Lam
*Office & Facilities*
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Other tel no. : 26945364
*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.
Website : www.english.carrier.com.cn
SC’s website is
unable to be landed at present for the technical reason.
E-mail : eva.hui@carrier.utc.com
For the past two years there is no record of litigation.
Direct / Indirect Corporate Parent Details
Direct Parent : UNITED TECHNOLOGIES FAR EAST LTD
Country :
*Major Shareholders*
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Total number of shareholders : 1
Total number of shares
: 7,747,300
Shareholder's Name
No. of Shares Amount of Shares
(HKD) % of Shares
--------------------------- ------------------- ---------------------------------- ----------------
UNITED TECHNOLOGIES FAR EAST LTD 7,747,300 77,473,000.00 100.00
Share transfers :
Date No of Share Transferor(s) Transferee(s)
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16 August, 2006 1 CARRIER
*Company Secretary*
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Mr. Zi-yang Zhu
National ID no. : G17365660
Address : 19Fl
Name Nationality Job Description Dept. / Division
1 Ms. Eva Hui
Management Details - 1
Personal Unique Identifier : MI01804248
Name : Ms. Eva Hui
Sex : F
Email : eva.hui@carrier.utc.com
*Director's Details*
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(1)
Mr. John Lee
Address : JW
Marriot Service
(2)
Mr. Hubert Mendonca
Address : 2Fl
*Main Products & Services*
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Specializes in the following areas of work :
1. Import of air heating and conditioning equipment.
2. Selling of imported products to local and overseas markets.
Products : Air conditioning
supplies
Air-conditioning equipment
Warm air heating equipment
*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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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 56
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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
MODERATE amounts depending on individual judgement experience.
*Financials*
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As a private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered an old-established business with stable development
trend. It is considered a credit line up to USD
300,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3585 Refrigeration
and heating equipment
Trading 3699 Electrical
equipment and supplies, and parts
Trading 5064 Electrical
Appliances
Trading 5075 Heating
& A/C Equip/Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8415 Air
conditioning machines (temp & hum change), parts
Trading 8415820065 Air
conditioning machines incorporating a refrigerating unit
Trading 8543 Electrical
mach etc, with
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
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%)