MIRA
INFORM REPORT
|
Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CHI HO INT'L LTD |
|
|
|
|
Registered Office : |
Unit 903, 9DL Star Centre 443-451 Castle Peak Rd, Kwai
Chung New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
July 16, 1991 |
|
|
|
|
Com. Reg. No.: |
0317854 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Distribution of wide range of gift items and other related products. Sales and distribution of products to local and export markets. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
CHI HO INT'L LTD
UNIT 903, 9FL STAR CENTRE 443-451 CASTLE PEAK RD
KWAI CHUNG NEW TERRITORIES, HONG KONG.
TEL : 852-25118800
FAX : 852-25118500
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 16, 1991
REGISTRATION NO. :
0317854
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CALVIN SO (REPRESENTATIVE)
STAFF STRENGTH :
90
CAPITAL :
US$ 128
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80206 = 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 : 0317854
Date issued : 16 July,
1991
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 14782604-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital: HKD 1,000.00 divided into 1,000 ordinary shares at
HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Mr. Calvin Kai-ming So can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: chi@hkchiho.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 3
Total number of ordinary shares : 1,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
---------------------------
--------------------------
--------------------------------
-------------
DUIF'S FLORIST ARTICLES CULTRA BV 890 890.00 89.00
Calvin Kai-ming So 100 100.00 10.00
Vivian Wai-mui Yip 10 10.00 1.00
*Directors' Details*
==============
(1)
Calvin Kai-ming So
HK ID number : E985280(1)
Address : Rm 3405 Ka
Ping House Ka Lung Court Kellett Bay Aberdeen Hong Kong
(2)
Vivian Wai-mui Yip
HK ID number : D498663(7)
Address : Rm 3405 Ka
Ping House Ka Lung Court Kellett Bay Aberdeen Hong Kong
*Company Secretary*
================
Yuk-wa Kwong
HK ID number : E859734(4)
Address : Rm 111 Fung Yat
House Sui Wo Court Shatin New Territories
Tel number : 63910498
Management: Mr. Calvin So, Representative
Name Nationality Job Description
Mr. Calvin So Hong Kong Representative
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Distribution of wide range of gift items and other related products.
2. Sales and distribution of products to local and export markets.
Products: Bamboowares
Ceramic
decorations
Easter
products
Games
Packaging
*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 : 3 OBTAINED SCORES :
57
|
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 MODERATE 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 medium-sized in its line with a 16 years development
history. Credit in the range of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2600 Paper
and allied Products
Trading 3263 White
ware table & kitchen goods
Trading 3269 Ceramic
articles,
Trading 3944 Games,
toys, and children's vehicles, except dolls and bicycles
Trading 3999 Manufactured
articles,
Trading 5092 Toys
& Hobby Goods & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4602 Basketwork,
wickerwork of plaits etc; loofa article
Trading 4602104000 Wickerwork
and other articles of one or more of the materials bamboo, rattan,
willow
or wood
Trading 4800 Paper
& paperboard, articles of paper pulp
Trading 6914100000 Articles
of porcelain or china
Trading 9403800000 Furniture
of other materials, including cane, osier, bamboo or similar materials
Trading 9500 Toys,
games & sports equip; parts & accessories
Trading 9600 Miscellaneous
manufactured articles
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Porcelain
decorations
Trader Easter
products
Trader Bamboo
wares
Trader Wickerwork
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
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%)