MIRA
INFORM REPORT
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Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SCORPIO ENTERPRISES CO LTD |
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Registered Office : |
11FL-A 9FL On Lok Industrial Bldg - Block A 109-11 On Lok
Rd, Yuen Long New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 2, 1992 |
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Com. Reg. No.: |
359744 |
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Legal Form : |
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Line of Business : |
Trading of stationary, premium gift, compact mirror, fashionable and
other metal products which are manufactured by its China factory. Distribution of the products to the local and international markets. |
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 US$ 12,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
SCORPIO ENTERPRISES CO LTD
11FL-A 9FL ON LOK INDUSTRIAL BLDG - BLOCK A 109-11 ON LOK RD
YUEN LONG NEW TERRITORIES, HONG KONG
TEL : 852 24734570
FAX : 852 24772149
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 2, 1992
REGISTRATION NO. :
359744
CHIEF EXECUTIVE :
MR. RONALD CHAN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 255,754
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO
US$ 12,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8288 = US$1
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 : 359744
Date issued : 2 June,
1992
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
company having a share capital
License number : 15769554
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD
2,000,000.00 divided into 2,000,000 ordinary shares at HKD 1.00/-each, fully
paid.
*Office & Facilities*
===============
Other e-mail address :
scorpio@hk.super.net
Previous Contact Details
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Address : Rm 1208
Premier Centre 20 Cheung Shun St Lai Chi Kok Kowloon
Tel No. :
29592211
Fax No. :
27427472
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Website : www.hk-scorpio.com The design is professional
and the content is well organized. At present it is in English versions.
E-mail : info@hk-scorpio.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
1
Total number of shares
: 2,000,000
Shareholders' Name No
of Shares Amount of Shares
(HKD) % of Shares
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Chi-Kwong Ng
2,000,000
2,000,000.00
100
*Director's Details*
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Chi-Kwong Ng
National ID Number : G040509(3)
Address : 5Fl-A
Block 4 Phase 4 Beacon Heights Kowloon Hong Kong
*Company Secretary*
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Company's name : PEARL ORIENTAL VENTURE LTD
Address : Rm 906
Hang Bong Commercial Centre 28 Shanghai St Kowloon
C.R. No. :
551264
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Doris Lee Chinese
Executive Purchasing
Mr. Gary Chan Chinese
General Manager -
*Key Personnel*
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Ronald Chan
Responsibilities : Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading of stationary, premium gift, compact mirror, fashionable and
other metal products which are manufactured by its China factory.
2. Distribution of the products to the local and international markets.
Products : Compact mirrors
Cosmetic boxes
Glass
giftware
Key chain
Lipstick box
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Exhibition Participation*
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Participated in the following local exhibitions:
Exhibition Fair : Hong Kong
Gifts & Houseware Fair '99
Location : Hong Kong
Convention & Exhibition Centre
Booth no : 7H6
Date attended : 1999
Exhibition fair : Hong Kong
Gifts & Houseware Fair 2000
Date attended : 17-20 April, 2000
Location : Hong Kong Convention and Exhibition
Centre
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in China with contact number 86-755-27853651.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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 private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a 12 years history. It is
considered a credit line up to US$ 12,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5947 Gift,
Novelty & Souvenir Shops
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3307900000 Depilatories
and other perfumery, cosmetic or toilet preparations
Trading 3923 Containers
(boxes, bags etc), closurers etc, plastics
Trading 4414 Wooden
frames paintings, photographs, mirrors, etc
Trading 7010 Glass
containers for packing etc & glass closures
Trading 7020 Articles
of glass
Trading 8300 Miscellaneous
articles of base metal
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Metal gift
items
Trader Glass
giftwares
Trader Metal gifts ,
electroplated
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Middle East
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
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%)