MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DERCHANCES TRADING LTD |
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Registered Office : |
Ground Fl Yee Lim Industrial Bldg - Block A, 32-40 Kwai
Ting Rd Kwai Chung New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 28, 2004 |
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Com. Reg. No.: |
0909028 |
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Legal Form : |
Private |
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Line of Business : |
Wholesale distribution of adhesives and chemicals. Selling of products to local and international 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
DERCHANCES TRADING LTD
GROUND FL YEE LIM INDUSTRIAL BLDG - BLOCK A
32-40 KWAI TING RD KWAI CHUNG NEW TERRITORIES, HONG KONG.
TEL : 852-24281787
FAX : 852-24010122
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 28, 2004
REGISTRATION NO. :
0909028
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. RITA NG (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 64,185
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80100 = 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 : 0909028
Date issued : 28 June,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34765597-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 500,000.00 divided into 500,000 ordinary shares
of HKD 1.00/-each, fully paid
*Office & Facilities*
================
Type of building : Industrial
Area
Other e-mail :
samuel@derchances.com
*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. Choi-man Ng can sign on behalf of the company with seal affixed.
www.derchances.com The design
is professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: marketing@derchances.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares : 500,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- ------------------------------- ----------------
BORTON ENTERPRISES LTD 200,000 200,000.00 40.00
FORTUNECHEM LTD 200,000 200,000.00 40.00
Choi-man Ng 100,000 100,000.00 20.00
*Directors' Details*
===============
Choi-man Ng
National ID No. :
G300875(3)
Address : 6Fl Yee Lim Industrial Bldg -
Block A Phase 1 32-40 Kwai Ting Rd,
Kwai Chung, New
Territories
Previous address : Flat B
16Fl Golden Dragon Industrial Centre - Block 3 172-180 Tai Lin Rd, Kwai Chung,
New Territories
Date of relocation : 12 July,
2007
*Corporate Secretary*
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GREAT FINE MANAGEMENT LTD
C. R. number : 403775
Address : 18A Man Hing
Commercial Bldg 79-83 Queen's Rd, Central Hong Kong
Management: Ms. Amy Lee, Executive
Name Nationality Job Description Dept. / Division
Ms. Amy Lee Hong Kong Executive Marketing
*Key Personnel*
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(1)
Rita Ng
Responsibility : Handles the overall management of the company.
(2)
Amy Lee
Responsibility : Marketing Dept
Tel :
24281787
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Wholesale distribution of adhesives and chemicals.
2. Selling of products to local and international market.
Products also include the following:
Electroplating metals
- Nickel nugget
- Nickel plate
- Copper nugget
- Copper ball anode
Electroplating chemicals
- Chromic acid
- Boric acid
Services include the following:
- Rollers and blankets repairing
- Correction of ps plate
- Plate desensitizing
- Prevents pick up of ink from building up on impression cylinders
- Fount maintenance
- Fountain concentrate
- Anti set-off for printed product
- Rollers and blankets washes
Products: Adhesive glue
Adhesive
products
Chemical
products
Chemicals
Chemicals for basic
metals
*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)
*Quality Certification*
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Type of certification: ISO 9000 / 9001 / 9004 / 19011: 2000
*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.
*International Exhibition Participation*
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Participated in the following international exhibitions:
(1)
Exhibition fair :
Sino-Foldingcarton 2007
Dates attended : 21-23 November, 2007
Location : Booth 2C05,
Hall 2, Shanghai New International Expo
Centre, Shanghai China
(2)
Exhibition fair : Printing
Indonesia 2007
Dates attended : 5-8 December, 2007
Location : Booth 7209,
Hall C2, Jakarta International Expo,
Kemayoran Jakarta Indonesia
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : CO-RICH ADH CO LTD
Address : Helu Industrial Area Huangjiang Town Dongguan 523750 Guangdong
China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : DONGGUAN CITY DONG HUI TRADE CO LTD
Address : Tin Mei Cheung Seng Industrial Area Huangjiang Town Dongguan
523750 Guangdong China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
PAYMENT
RATING : 4 OBTAINED SCORES :
48
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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 financial.
*Bank Details*
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Bank Name : DBS BANK (HONG KONG) LTD
Branch : Central, Hong Kong
Branch Address : 11Fl The Center 99 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : DHBKHKHH
SC is considered small-sized in its line with a short history. Credit dealings
with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2800 Chemicals
and Allied Products
Trading 2891 Adhesives
and sealants
Trading 2899 Chemical
preparations,
Trading 3471 Electroplate/Polish/Color
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3506 Prepared
glues & adhesives; glue retail pack
Trading 3800 Miscellaneous
chemical products
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Nickel
plate
Trader Adhesive
products
Trader Chemical
products
Trader Adhesive
glue
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Indonesia
Exporting to Singapore
Exporting to Thailand
Exporting to Vietnam
Importing from Asia
Importing from China
Importing from Europe
Importing from France
Importing from Germany
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%)