MIRA
INFORM REPORT
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Report Date : |
13.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SINO PATH ENTERPRISES LTD |
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Registered Office : |
Units 10-11, 9FL New |
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Country : |
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Date of Incorporation : |
February 14, 1997 |
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Com. Reg. No.: |
0595392 |
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Legal Form : |
Private |
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Line of Business : |
Trading wide range of stationery and writing instruments. |
RATING & COMMENTS
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MIRAs 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. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
SINO PATH ENTERPRISES LTD
UNITS 10-11, 9FL NEW
TEL : [+852] 26870084
FAX : [+852] 26874123
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 14, 1997
REGISTRATION NO. :
0595392
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SHU-WAI CHONG (MANAGING DIRECTOR)
STAFF STRENGTH :
12
CAPITAL :
US$ 767,263
BUSINESS LINE :
TRADER
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 7.82875 = USD1 AS OF 2007-08-09
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Capital Details*
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Registered capital : HKD 6,000,000.00 divided into 6,000,000
ordinary shares at HKD 1.00/-each, fully-paid
*Company Registration*
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(1)
License number :
0595392
Date issued :
14 February, 1997
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
21082207-000
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*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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YES CHOICE SECRETARIES LTD
Address : 2Fl Henfa Commercial Bldg
CR no. : 315806
*Approved Signatures*
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Only Mr. Shu-wai Chong can sign on behalf of the company
with seal affixed.
Website : www.sipa.com.hk The
design is professional and the content is well organized.At present it is in
both English and Chinese versions.
Email : sinopath@sipa.com.hk
For the past 10 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders :
2
Total number of ordinary shares :
6,000,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
-------------------------- ----------------------------- ----------------------------- -----------------
Shu-wai Chong 5,999,999
5,999,999.00
99.99
Lei Lam
1
1.00 0.01
*Director's Details*
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Lei Lam
HKID no. :
H457456 (9)
Address :
Units 10-11 9Fl New
Management : Mr. David Hau, Manager
Mr. Shu-wai Chong, Managing Director
Name Nationality Job Description
Mr. David Hau
Mr. Shu-wai Chong
Hong Kong Managing
Director
*Key Personnel*
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Shu-wai Chong
HKID no. :
K259865 (5)
Address :
Flat D 9Fl Laurel Court World-Wide Gaden 11 Lung Pak St Shatin New Territories,
Hong Kong
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Specializes in trading wide range of stationery and writing
instruments.
Products : Ballpens
Corrector
Gel
pen
Gifts
Highlighters
*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)
*International Exhibition Participation*
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Name of exhibition :
Dates attended :
25-28 October, 1999
Location
: Taipei World Trade Center Exhibition Hall
*Quality Certification*
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Type of certification : ISO 9001
*Local Distribution Network*
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Part of the annual turnover is attributed to local
sales.
*Export*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains manufacturing facilities in
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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.
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 :
STANDARD CHARTERED BANK
Branch : Fo Tan,
Swift code :
SCBLHKHH
Account nos. :
95910099112, 00088533
SC is considered small-sized in its line with a development
history of 6 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3951 Pens, mechanical pencils, and parts
Trading 3952 Pencils, office, and art supplies
Trading 3999 Manufactured articles
Trading 5112 Stationery & Office Supplies
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Pencil
sharpeners
Trader Stationery
Trader Gel
pen
Trader Markers
Trader Corrector
Trader Gifts
Trader Premium
items
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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. |
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%)