MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CROWN ALLIANCE (HONG KONG) LTD |
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Registered Office : |
Rm 601, 6FL East Town Bldg, 41 Lockhart Rd Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
July 2, 1985 |
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Com. Reg. No.: |
0153793 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchasing of building facilities, materials, enamel
fritters, ferrous and non-ferrous metals, non-electric household product,
paints, varnish and other related products. Sales and distribution of purchased products to local market. |
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 : |
Up To USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CROWN ALLIANCE (HONG KONG) LTD
RM 601, 6FL EAST TOWN BLDG
41 LOCKHART RD WANCHAI, HONG KONG.
TEL : 852-28612118
FAX : 852-28654781
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 2, 1985
REGISTRATION NO. :
0153793
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YUK-MAN CHENG (MANAGING DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 256,739
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
USD 20,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79855 = 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*
==================
(1)
License number : 0153793
Date issued : 2 July,
1985
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 09758373-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Share value : HKD
100.00/-each
Nominal capital : HKD 2,000,000.00
Paid-up capital : HKD 500,000.00
divided into 5,000 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 Mr. Yuk-man Cheng can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: crownall@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 5,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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--------------------------------
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Mr. Yuk-man Cheng
4,999 499,900.00 99.98
Mr. James Tsin-hua Hsu 1 100.00 0.02
*Directors' Details*
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Mr. James Tsin-hua Hsu
HKID no. : B422005 (1), National ID No
Address : 18-B3 Sea Ranch, Hong
Kong Hong Kong
E-mail :
crownall@netvigator.com
*Company Secretary*
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Mr. Yuk-mei Cheng
HKID no. : D438911 (6)
Address : 14A Belvedere Garden
- Phase 2 - Block 7, 620 Castle Peak Rd Tsuen Wan Kowloon Hong Kong
E-mail :
crownall@netvigator.com
Management: Mr. Yuk-man Cheng, Managing Director
Name Nationality
Job Description
Mr. Yuk-man Cheng Hong Kong Managing Director
*Key Personnel*
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Mr. Yuk-man Cheng
HKID no. : A967884 (3), National ID No
Address : 11C Block
1, 39 Kennedy Rd Hong Kong Hong Kong
E-mail :
crownall@netvigator.com
Responsibilities : Handles the overall management of the company
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing of building facilities, materials,
enamel fritters, ferrous and non-ferrous metals, non-electric household product,
paints, varnish and other related products.
2. Sales and distribution of purchased products to local market.
Products: Building facilities
Building
materials
Chemicals
Enamel
fritters
Enamel signs &
panels
*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)
*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 to Southeast
Asia
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : CROWN ALLIANCE INDUSTRIES PTE LTD
Country : Singapore
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
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 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 name : HONG KONG & SHANGHAI BANKING CORP LTD,
THE
Branch : Wanchai
Account number : 110-4-802747
Swift code : HSBCHKHH
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 20,000 would
appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1499 Nonmetallic
minerals,
Trading 2899 Chemical
preparations,
Trading 3339 Primary
nonferrous metals,
Trading 3399 Primary
metal products,
Trading 3499 Fabricated
metal products,
Trading 5169 Chemicals/Allied
Prdts, NEC
Trading 5198 Paints,
Varnishes & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3208 Paint
& varnish from synth etc polymers nonaq, etc
Trading 3209 Paint
& varnish from synth etc polymers aqueous
Trading 3210 Paints
& varnishes; water pigments for leather
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
Trading 6812900025 Building materials of asbestos fibers
Trading 7114 Articles
of goldsmith/silversmith wares, precious metal
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7204 Ferrous
waste & scrap; remelt scrap iron/steel ingot
Trading 7323 Household
articles & parts, iron & st; ir or steel wool etc
Trading 7323940000 Table,
kitchen or other household articles and parts, of iron (not cst) and steel
(not
stainless) enameled
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Ferrous
metals
Trader Non-ferrous
metals
Trader Chemicals
Trader Plastic
materials
Trader Industrial
chemicals
Trader Enamel
fritters
Trader Non-electric
household product
Trader Paints
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Oceania
Exporting to South Korea
Exporting to Taiwan
Importing from Asia
Importing from North America
Importing from Thailand
Importing from USA
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%)