MIRA
INFORM REPORT
|
Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MILLENIUM TRADING |
|
|
|
|
Registered Office : |
B-7, 11Fl Hankow Centre 4a Ashley Rd Tsimshatsui Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
27.10.1999 |
|
|
|
|
Com. Reg. No.: |
30506686-000 |
|
|
|
|
Legal Form : |
Sole-Proprietorship |
|
|
|
|
Line of Business : |
Import and Export Agents |
RATING &
COMMENTS
|
MIRAs 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 |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
& ADDRESS
MILLENIUM TRADING
B-7, 11FL HANKOW CENTRE 4A ASHLEY RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: [+852] 23683777
FAX: [+852] 27249912
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 27, 1999
REGISTRATION NO. :
30506686-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. AFTHAFUDEEN MOHAMED FAROOK (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82338 = USD1
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 : 30506686-000
Date issued :
27 October, 1999
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
SC is not known to host website of its own at present.
For the past 8 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in Hong Kong, there is either, no requirement for Shareholders or no
requirement for public disclosure of Shareholders.
*Key Personnel*
============
Mr. Afthafudeen Mohamed Farook
HKID no.
: ZZ505518A
Address
: J3, 3Fl Fanling Centre Block J
33 San Wan Rd New Territories Hong Kong
Responsibility
: Handles the overall
management of the company.
Date of appointment : 27 October, 1999
*Main Products & Services*
====================
Operates as an import and export agents.
Products : Import & export agents
SC is not known to have any subsidiary at
present.
PAYMENT RATING :4 OBTAINED SCORES : 38
|
Rating Key |
Implication |
Implications |
|
1 |
Scores 85100 |
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 sole-proprietorship there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
As there is insufficient information for us to accurately determine the
credibility of the company, we would rate SC as a fairly high credit risk
company and a good many circumstances point to necessity for great caution in
crediting SC.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 7389 Business Svcs, NEC
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 9900 Business services, health,
financial/insure. Legal/real estate, hotels, and
misc
repairs
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 SCs 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%)