MIRA
INFORM REPORT
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Report Date : |
09.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ALLIEDINKS RESOURCES |
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Registered Office : |
Flat C, 22/F, Block 4, Tanner Garden, |
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Country : |
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Date of Incorporation : |
08.06.2004 |
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Com. Reg. No.: |
34626997 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Runs as a commission agent for trading of industrial printing inks. |
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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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
NAME & ADDRESS
ALLIEDINK RESOURCES
FLAT C, 22/F, BLOCK 4, TANNER GARDEN,
TEL: 852 2561 2360
FAX: 852 2561 2360
EXECUTIVE SUMMARY
INCORPORATION DATE :
8-6-2004
REGISTRATION NO. :
34626997
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE :
OJIMA FUJIO (SOLE PROPRIETOR)
STAFF STRENGTH :
1
AUTHORIZED
CAPITAL : [IN HK, UNLIMITED COS. ARE
NOT REQUIRED TO FILE ITS CAPITAL PARTICULARS TO BR OFFICE (THE INLAND REVENUE)]
PAID-UP CAPITAL
: NOT APPLICABLE
BUSINESS LINE :
COMMISSION AGENCY
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
HKD 7.81594 = USD1 AS OF 2007-7-10
Note: The correct name is the heading one instead of the one given by
you.
SC was established under Business Registration number 34626997 on
8-6-2004 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's
principal(s) are as follows:
Name(s) of principal(s) & ID/Passport number(s)
Fujio Ojima / TZ0073171
Registered address
4-2-50-308
Saitama Prefecture
No material change or amendment regarding SC has been traced & noted
since its inception.
Ojima Fujio, sole proprietor:
- He is by Japanese nationality
- He has over 10 years of experience in present field
Currently residing in
Credit history check:
This refers to a check of our database whether the said person has been
involved in any of the following records stored by us within the last 6 years:
Civil litigation as
defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Upon a current contact, Lee Janlta, SC's spokeman, advised that she is
responsible SC's day-to-day operation in HK.
Ownership background
appraisal
Rating : 3 Obtained
scores: 50 (see explanatory notes
below)
Keys : 1 : scores
81-100: Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Lee Janlta, SC's co-coordinator, declined
forwarding any financial information on the ground that it is the company's
policy not releasing any data to a third party without the benefit of knowing
the identity of the inquiring party.
Re: In HK, only the public listed
cos. financial institutions & overseas cos. are obligated to file their
financial statements to Companies Registry for public search. Generally, the private limited cos. &
unlimited cos. always keep those data as highly confidential matter.
Banking relations are maintained principally with: HSBC.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge records filed by SC for the last 2 years. In
Civil litigation/winding-up petitions: None
in our database.
Mortgage/charge record(s): In HK, unlimited companies are not required
to file its charge particulars for
public inspection.
Overall payment appraisal:
( ) Excellent (
) Good (x) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience: SC did not provide any name of trade/service
suppliers and we have no other sources to conduct the enquiry at present.
Delinquent payment record: None
in our database.
Debt collection
record: No overdue amount owed by SC was placed to
us for collection within the last 6 years.
Business categories:
SC runs as a commission agent for trading of industrial printing inks.
Income is received in the form of handling charge, service fees &
commission.
Principal market:
Local--type of customers :
Nil
Selling terms :
Nil
Overseas--buying countries :
Selling terms :
Special agreed terms
Total number of employees: 1.
Location: Maintaining its
office at the heading business address which occupies a gross area of 893 square
feet at a residential building in a residential district.
Condition inside the premises during our visit:
Office/factory layout: Standard.
Property ownership: Current land search indicates the ownership details
of the captioned premises as follows:
- Owner(s) :
Li Siu Ming Elinor
- Date of purchase & consideration :
10-5-1991 / HK$1,692,460
- Date of mortgage & secured amount :
10-5-1991 / HK$1M
- Mortgagee :
DBS Bank (HK) Ltd.
SC is not known to have any subsidiary at present.
SC is considered small-sized in its line locally. With regard to its
size of operation and limited growth potential, credit should be confined to
small amount at present.
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%)