MIRA
INFORM REPORT
|
Report Date : |
10.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WING CHEUNG (I/E) HONG KONG CO LTD |
|
|
|
|
Registered Office : |
Unit 4302a Level 43 Metroplaza - Tower 2, 223 Hing Fong
Rd, Kwai Chung New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
January 27, 1987 |
|
|
|
|
Com. Reg. No.: |
182077 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing and local purchasing of ores & minerals and building
materials & supplies. Sales and distribution of the products to local and export
markets. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
Up To USD 5,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
WING CHEUNG (I/E) HONG KONG CO LTD
UNIT 4302A LEVEL 43 METROPLAZA - TOWER 2, 223 HING FONG RD
KWAI CHUNG NEW TERRITORIES, HONG KONG.
TEL : 852-24013168
FAX : 852-24013193
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 27, 1987
REGISTRATION NO. :
182077
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. YIN-NAR LEE (MANAGING DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 25,674
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79524 = 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 Name*
==============
Incorporated as :
CENTURY SYSTEM INVESTMENT LTD
Date of incorporation : 27
January, 1987
Changed name to : WING
CHEUNG (I/E) HONG KONG CO LTD
Date of changed : 22
October, 1992
*Company Registration*
===================
(1)
License number : 182077
Date issued : 27
January, 1987
Issuing authority : Companies
Registry
Legal form : Private
limited company
Type of license : Corporate
(2)
License number : 10999625-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
200,000.00
Paid-up capital : HKD
50,000.00 divided into 50,000 ordinary shares
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Ms. Yin-nar Lee can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: eva.wingcheung@yahoo.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares
: 50,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
----------------------------
--------------------------------
---------------
Yin-nar Lee 37,500 37,500.00 75.00
Chun-ling Lai 12,500 12,500.00 25.00
*Director's Details*
===============
Chun-ling Lai
National ID number : D418869
(2)
Address : 12Fl Kam Tsuen Bldg - Block A
407-411 Castle Peak Rd Tsuen Wan New Territories
Hong Kong
*Company Secretary*
=================
WLLK SECRETARIES LTD
Address : Rm
1101, 11Fl China Insurance Group Bldg 141 Des Voeux Rd Central Hong Kong
CR no. :
1130536
Date of appointment : 14 June, 2007
Management: Ms. Yin-nar Lee, Managing Director
Name Nationality
Job Description
Ms. Yin-nar Lee Hong Kong
Managing Director
*Key Personnel*
============
Yin-nar Lee
National ID number : D418870
(6)
Address :
12Fl Kam Tsuen Bldg - Block A 407-411 Castle Peak Rd Tsuen Wan New Territories
Hong Kong
Responsibilities :
Handles the overall management of the company.
*Main Products & Services*
=====================
Specializes in the following areas of work :
1. Importing and local purchasing of ores & minerals and building
materials & supplies.
2. Sales and distribution of the products to local and export
markets.
Products: Building materials
Building
supplies
Construction
supplies
Marble &
granite
Minerals &
ores
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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*
===========
Bank name : WING LUNG BANK LTD
Branch : 3Fl Wing Lung
Bank Bldg 45 Des Voeux Rd Central
Swift code : WUBAHKHH
SC is considered small-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 5,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1423 Crushed/Broken
Granite
Trading 5032 Brick/Stone/Const
Materials
Trading 5039 Construction
Materials, NEC
Trading 5052 Coal
& Other Minerals & Ores
Trading 5200 Building
Materials and Garden
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2530 Mineral
substances
Trading 6802930000 Granite
Trading 6812900025 Building
materials of asbestos fibers
Trading 6815 Articles
of stone or other mineral substance
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Building
materials
INTERNATIONAL TRADE:
ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Importing from Asia
RATING
EXPLANATIONS
|
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 |
|
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 |
|
<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 |
|
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%)