MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
STIL-MOR (HK) ENTERPRISES |
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Registered Office : |
Flat A, 14FL Hody Commercial Bldg |
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Country : |
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Date of Incorporation : |
June 21, 1982 |
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Com. Reg. No.: |
07889475-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading watch parts. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME &
ADDRESS
STIL-MOR (HK) ENTERPRISES
FLAT A, 14FL HODY COMMERCIAL BLDG
TSIMSHATSUI
TEL : 852-23672699
FAX : 852-23112971
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 21, 1982
REGISTRATION NO. :
07889475-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MS. LALA TILUMAL MORIANI (CHAIRMAN)
STAFF STRENGTH :
3
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80440 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –
Note: The name of SC should be the above stated one in stead of the
given one “Stilmor (HK) EnterprisesEljay Shanghai (Pte) Ltd.”
*Reputation*
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Due to the lack of any third party references and the small nature of
the company's business, we were unable to establish the level of the firm's
reputation within the respective industry.
E-mail: stilmor@netvigator.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Lala Tilumal Moriani
Founder : Sole
Founder
National ID number : XE6409375
Address : Flat
C 8Fl
Responsibility : Handles
the overall management of the company
*Main Products & Services*
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Specializes in trading watch parts.
Products: Watch parts
*Payment Terms*
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Sales
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Local : Cash or credit
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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100% of the annual turnover is attributed to local sales.
*Export Markets*
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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 : 4 OBTAINED SCORES : 43
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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 SMALL amounts
depending on individual judgement experience.
As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : BANK OF
Branch :
Swift code : BKCHCNBJ A 600
SC is considered small-sized in its line with an operating history of 25
years. Credit dealings with SC in small amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 9100 Clocks
& watches & parts thereof
Importing 9111 Watch
cases and parts
Trading 9100 Clocks
& watches & parts thereof
Trading 9111 Watch
cases and parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from
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 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%)