MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
HOP YING INT'L LEATHER CO LTD |
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Registered Office : |
Unit 1533-34, 15 Fl |
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Country : |
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Date of Incorporation : |
17.04.1984 |
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Com. Reg. No.: |
0135693 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Wholesale Distribution of Leather and Other related products |
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. |
Small |
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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
HOP YING INT'L LEATHER CO LTD
UNIT 1533-34, 15FL
TEL: 852 27814323
FAX: 852 23597497
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 17, 1984
REGISTRATION NO. :
0135693
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. WENG-HEI AU (CHAIRMAN)
STAFF STRENGTH :
20
CAPITAL :
US$ 1,279,028
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 :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.80672 = US$1 AS OF 2007-8-17
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD – Hong Kong
Dollars
*Company Registration*
===================
License number : 0135693
Date issued : 17 April, 1984
Issuing authority : Companies Registry
Type of license : Corporate
License number : 08971825
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD
10,002,000.00 divided into the following:
HKD
2,000.00 - Ordinary
HKD
10,000,000.00 - Deferred
*Office & Facilities*
================
Previous address : Rm D 11Fl Capital Trade Cebtre 62 Tsun
Yip St Kwun Tong Kowloon Hong Kong
*Approved Signatures*
===================
Only Mr. Weng-hei Au can sign on behalf of the company with seal
affixed.
E-mail : tao@hopying.com.hk
SC is not known to host website of its own at present.
30 Found
Litigation ( 1 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong JOLLY
DEVELOPMENT LTD
Defendant Hong Kong JOLLY
DEVELOPMENT LTD
Case Issue : A petition to the court claiming overdue payment amounting
to
HKD 2,623,750.00 (filed under case no. A4610/96)
Court : High Court,
Date Commenced : 26 April, 1996
Status : Not stated
Litigation ( 2 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong HONG KONG
BROADBAND NETWORKS LTD
Case Issue : A petition to the Court claiming unpaid service charge
(filed under case no. SCTC96688/2003).
Court : District Court,
Date Commenced : 9 December, 2003
Status : Not stated
Litigation ( 3 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong JOLLY
DEVELOPMENT LTD
Defendant Hong Kong JOLLY
DEVELOPMENT LTD
Case Issue : A petition to the Court to wind-up the operations of JOLLY
DEVELOPMENT LTD (filed under case no. HCCW336/1996).
Court : High Court,
Date Commenced : 19 June, 1996
Status : Not stated
Litigation ( 4 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Siu-yin
Cheung
Defendant Hong Kong Mr. Siu-yin
Cheung
Case Issue : A petition to the court claiming overdue payment amounting
to HKD 421,773.00 (filed under case no. A9676/96).
Court : High Court,
Date Commenced : 23 August, 1996
Status : Not stated
Litigation ( 5 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Wai-lam
Tang
Defendant Hong Kong Mr. Wai-lam
Tang
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 195,708.00 for goods sold and delivered (filed under case no. A7494/94).
Court : High Court,
Date Commenced : 30 July, 1994
Status : Not stated
Litigation ( 6 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr.
Chung-yuen Kong
Defendant Hong Kong Mr.
Chung-yuen Kong
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB1181/1996).
Court : High Court,
Date Commenced : 3 September, 1996
Status : Not stated
Litigation ( 7 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Siu-yin
Cheung
Defendant Hong Kong Mr. Siu-yin
Cheung
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB1419/1996).
Court : High Court,
Date Commenced : 7 November, 1996
Status : Not stated
Litigation ( 8 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Thorton
Kam-chung Tse
Defendant Hong Kong Mr. Thorton
Kam-chung Tse
Case Issue : A petition to the court claiming overdue payment amounting
to
HKD 603,873.00 (filed under case no. A912/1997).
Court : High Court,
Date Commenced : 25 January, 1997
Status : Not stated
Litigation ( 9 ) Not Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Siu-kai
Lo
Defendant Hong Kong Mr. Wai-lam
Tang
Defendant Hong Kong Mr. Siu-kai
Lo
Defendant Hong Kong Mr. Wai-lam
Tang
Case Issue : A petition to the Court to rule over dishonoured cheque
amounting to HKD 206,318.00 (filed under case no A7543/94).
Court : High Court,
Date Commenced : 1 August, 1994
Status : Not stated
Litigation ( 10 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Thorton
Kam-chung Tse
Defendant Hong Kong Mr. Thorton
Kam-chung Tse
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB559/1998).
Court : High Court,
Date Commenced : 31 March, 1998
Status : Not stated
Litigation ( 11 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Lam-kan
Leung
Defendant Hong Kong Mr. Lam-kan
Leung
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 4,421,134.00 (filed under case no. A8213/94).
Court : High Court,
Date Commenced : 17 August, 1994
Status : Not stated
Litigation ( 12 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong AUSTAL INT'L
LTD
Case Issue : A petition to the Court claiming overdue payment amounting
to USD 102,712.00 for goods sold and delivered (filed under case no. A9013/94).
Court : High Court,
Date Commenced : 9 September, 1994
Status : Not stated
Litigation ( 13 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Chi-chung
Li
Defendant Hong Kong Mr. Chun-yuen
Leung
Defendant Hong Kong Mr. Chi-chung
Li
Defendant Hong Kong Mr. Chun-yuen
Leung
Case Issue : A petition to the court claiming overdue payment amounting
to
HKD 657,436.00 for goods sold and delivered (filed under case no.
A14547/98).
Court : High Court,
Date Commenced : 28 August, 1998
Status : Not stated
Litigation ( 14 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Wai-lam
Tang
Defendant Hong Kong Mr. Wai-lam
Tang
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB674/1994).
Court : High Court,
Date Commenced : 14 September, 1994
Status : Not stated
Litigation ( 15 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Siu Kai
Lo
Defendant Hong Kong Mr. Siu Kai
Lo
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB1058/1994).
Court : High Court,
Date Commenced : 7 December, 1994
Status : Not stated
Litigation ( 16 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong KINGSPARKLE
SHOES MANUFACTORY LTD
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 221,309.00 for goods sold and delivered (filed under case no. A5706/95).
Court : High Court,
Date Commenced : 13 June, 1995
Status : Not stated
Litigation ( 17 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr.
Kam-cheung Wong
Defendant Hong Kong Mr. Chi-ping
Lee
Defendant
Defendant Hong Kong Mr.
Kam-cheung Wong
Defendant Hong Kong Mr. Chi-ping
Lee
Defendant
Case Issue : A petition to the court claiming damages due to dishonored
cheque & bill amounting to HKD 769,504.00 (filed under case no. A21732/98)
Court : High Court,
Date Commenced : 18 December, 1998
Status : Not stated
Litigation ( 18 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong KAI YICK
SHOES CO LTD
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 57,400.00 for goods sold and delivered (filed under case no.
DCCJ7206/95).
Court : District Court,
Date Commenced : 13 June, 1995
Status : Not stated
Litigation ( 19 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Ka-cheung
Tsui
Defendant Hong Kong Mr. Ka-cheung
Tsui
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 123,866.00 (filed under case no. A5985/95).
Court : High Court,
Date Commenced : 22 June, 1995
Status : Not stated
Litigation ( 20 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Chi-keung
Lai
Defendant Hong Kong MESSRS YIP
SING TRADING CO
Defendant Hong Kong Mr. Wai-por
Tam
Defendant Hong Kong Mr. Chi-keung
Lai
Defendant Hong Kong MESSRS YIP
SING TRADING CO
Defendant Hong Kong Mr. Wai-por
Tam
Case Issue : A petition to the court claiming overdue payment amounting
to
HKD 436,113.00 (filed under case no. A17626/1999).
Court : High Court,
Date Commenced : 12 November, 1999
Status : Not stated
Litigation ( 21 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong Mr. Wai-lam
Tang
Plaintiff Hong Kong Mr. Wai-lam
Tang
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB894/1995).
Court : High Court,
Date Commenced : 23 June, 1995
Status : Not stated
Litigation ( 22 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 157,031.00 (filed under case no. A9578/95).
Court : High Court,
Date Commenced : 21 September, 1995
Status : Not stated
Litigation ( 23 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Man-chuen
Ku
Defendant Hong Kong Mr. Man-chuen
Ku
Case Issue : A petition to the Court claiming overdue payment amounting
to HKD 122,994.00 (filed under case no. A12123/95).
Court : High Court,
Date Commenced : 24 November, 1995
Status : Not stated
Litigation ( 24 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Allan
Yu-chuan Kwok
Defendant Hong Kong KINGSPARKLE
SHOES MANUFACTURY LTD
Defendant Hong Kong Mr. Allan
Yu-chuan Kwok
Defendant Hong Kong KINGSPARKLE
SHOES MANUFACTURY LTD
Case Issue : A petition to the Court claiming a sum of money amounting
to HKD 229,245.59 (filed under case no. A210/2000)
Court : High Court,
Date Commenced : 7 January, 2000
Status : Not stated
Litigation ( 25 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Ping-shiu
Wong
Defendant Hong Kong Messrs Lee-ho
Yat
Defendant Hong Kong Mr. Ping-shiu
Wong
Defendant Hong Kong Messrs Lee-ho
Yat
Case Issue : A petition to the Court claiming a sum of money amounting
to HKD 1,763,546.58 (filed under case no. A2931/2000)
Court : High Court,
Date Commenced : 20 March, 2000
Status : Not stated
Litigation ( 26 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Ka-cheung
Tsui
Defendant Hong Kong Mr. Ka-cheung
Tsui
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB404/1996).
Court : High Court,
Date Commenced : 1 January, 1996
Status : Not stated
Litigation ( 27 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong OCEAN KING
SHIPPING LTD
Defendant Hong Kong OCEAN KING
SHIPPING LTD
Case Issue : A petition to the court claiming overdue payment on chattel
mortgage (filed under case no. SCTC54601/1999).
Court : District Court,
Date Commenced : 17 January, 2000
Status : Not stated
Litigation ( 28 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Siu-yin Cheung
Defendant Hong Kong Mr. Siu-yin
Cheung
Case Issue : A petition to the Court seeking a resolution over specific
performance (filed under case no. A12666/95).
Court : High Court,
Date Commenced : 7 December, 1995
Status : Not stated
Litigation ( 29 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong Mr. Chee-ping
Lee
Defendant Hong Kong Mr. Chee-ping
Lee
Case Issue : A petition to the Court to declare the defendant bankrupt
(filed under case no. HCB3291/2000).
Court : High Court,
Date Commenced : 30 August, 2000
Status : Not stated
Litigation ( 30 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Hong Kong MESSRS KAM
LEE LOY LEATHER
Defendant Hong Kong Mr.
Ping-keung Lee
Defendant Hong Kong Mr. Kam-wah
Lee
Defendant Hong Kong MESSRS KAM
LEE LOY LEATHER
Defendant Hong Kong Mr.
Ping-keung Lee
Defendant Hong Kong Mr. Kam-wah
Lee
Case Issue : A petition to the court claiming overdue payment amounting
to HKD 402,253.03 for goods sold and delivered (filed under case no.
DCCJ14320/2000).
Court : District Court,
Date Commenced : 3 October, 2000
Status : Not stated
*Major Shareholders*
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Shareholders' Name
% of Shares
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Weng-hei Au 90.00
Undisclosed shareholders 10.00
*Directors' Details*
===============
Yu-choi Kong
HKID no. : B977724(0)
Address : Flat B
24Fl The Grand Panorama - Block
Kam-yan Leung
HKID no. : D265903(5)
Address : Rm 1533 Star House
Date of appointment : 7 November, 2005
*Corporate Secretary*
=================
GLORY POINT LTD
C. R. number :
142976
Address : Rm 1533 Star House
*COMPANY MANAGEMENT*
===========================
Name Nationality
Job Description Dept. / Division
Mr. David Y. F. To
*Key Personnel*
=============
Weng-hei Au
HKID no. : D360043(3)
Address : House
Responsibilities : Handles the overall management of the
company
*Main Products & Services*
======================
Specializes in the wholesale distribution of leather and other related
products.
Products :
Cow hides
Leather
Leather & skin products
*Payment Terms*
==============
Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Associations*
============
Member of:
- Hong Kong General Chamber of Commerce
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED SCORES : 53
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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.
*Bank Details*
============
Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central,
Branch Address :
Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code :
HSBCHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered an old-established business in small size. Considering
its litigation records, a credit line up to US$ 30,000 appears to be within
SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3100 Leather and Leather Products
Trading 3199 Leather goods
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 4205 Articles of leather
Trading 4205008000 Other articles of leather or composition leather
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
Importing from
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
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%)