MIRA
INFORM REPORT
|
Report Date : |
2nd
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
BNC INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
C/O Msh 2037, Rm 1007, 10/F, Ho King Centre, 2-16 Fa Yuen St.,
Mongkok, Kowloon, Hong Kong. |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
16.10.2002 |
|
|
|
|
Com. Reg. No.: |
817885 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged
in trading of textile products. |
RATING & COMMENTS
|
MIRA’s Rating : |
NR (No
Rating) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
Company Name & Address
BNC INTERNATIONAL LTD.
C/O MSH 2037, RM
1007, 10/F, HO KING CENTRE, 2-16 FA YUEN ST., MONGKOK, KOWLOON, HONG KONG.
TEL : 852 23595547
FAX : 852 23742225
EXECUTIVE SUMMARY
INCORPORATION DATE :
16-10-2002
REGISTRATION NO. :
817885
REGISTERED LEGAL FORM : PRIVATE LIMITED CO.
CHIEF EXECUTIVE :
CHEN LIANGBING (DIRECTOR)
STAFF STRENGTH :
NONE IN HONG KONG.
AUTHORIZED CAPITAL : HKD 10,000 = 10,000 SHARES @
HKD1.-
PAID-UP CAPITAL : HKD 10,000
BUSINESS LINE :
TRADING OF TEXTILE PRODUCTS
TURNOVER :
HKD 11M (GROUP, YEAR ENDED 31-3-2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
NR
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
UNDETERMINED
GENERAL REPUTATION :
NOT YET DETERMINED
EXCHANGE RATE :
HKD 7.80444 = USD1 AS OF 2007-02-2
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
SC is a
private limited company registered under incorporation file no. 817885 on
16-10-2002.
SC's
shareholders & directors are shown to be as follows:
Shareholders (as at 16-10-2006) Number
of shares held
Chen Liangbing 6,500
Cha Rikai 3,500
--------
10,000
=====
Directors
(as at 16-10-2006)
Chen
Liangbing / G04874707
Cha
Rikai / 149586829
The
above registration information is based on SC's annual return filed at
Companies Registry within the last 2 years.
No
material change or amendment regarding SC has been traced & noted within
last 2 years.
This
section will contain the civil litigations & winding-up petitions filed
against SC for the last 6 years (as stored in our database), and the
mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges by an unlimited
co is not required to be registered in the public records.
Civil litigation/winding-up petitions : None
in our database.
Mortgage/charge record(s) : None filed since its incorporation
date.
Chen
Liangbing, director:
- In his
early 40's
-
Embarked upon his career to present field as a small businessman in 1993
Currently
residing in PR China & only visits Hong Kong for business occasionally.
Registered
residential address: Rm 1206, 12/F, Building 19, 1515 Gumei Road, Shanghai, PR
China.
Credit history check : This refers to a check of our database
whether the said person has been involved in any of the following records
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Cha
Rikai, director:
-
Embarked upon his career to present field as a small businessman in 1995
Currently
residing in PR China & only visits Hong Kong for business occasionally.
Registered
residential address: Same as Chen.
Credit history check : This refers to a check of our database
whether the said person has been involved in any of the following records
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership
background appraisal:
Rating : 3 Obtained scores : 50 (see
explanatory notes below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The
rating indicates the personal financial & operational strength of SC's
major principals. It is calculated from
a composite of scores obtained from the following 5 factors which carry equal
weight in our analysis:
Personal
financial strength, credit history & trade reputation, business experience
& track record, market connection and management skill.
Business
categories :
SC's
group is engaged in trading of textile products.
Upon a
current contact, Chen Lianbing, SC's director, advised that SC runs as a
liaison office for its group of companies in PR China and disclosed that all
enquiries of SC can be handled by Shanghai Ever Success Co. Ltd., SC's affiliate
in PR China. The contact details of
Shanghai Ever Success Co. Ltd. are as follows:
-
Address : Rm 1206, 12/F, Tower 19, 1515 Gumei Road,
Xuhui District, Shanghai, PR China.
- Tel : 86-21-54452211
- Fax : 86-21-54452199
Items
available include leather, shorts & other garments.
Principal
purchases :
Major types of
sourcing : Merchandise
Local--type of
suppliers : Nil
Buying terms : Nil
Overseas--supplying
countries : PR China & Europe
Buying terms : L/C & T/T
Principal
market :
Local--type of customers : Nil
Selling terms : Nil
Overseas--buying
countries : Japan, USA, Canada &
Europe (mainly Germany & France)
Selling terms : L/C & T/T
Total number of employees : None
in Hong Kong.
Location: Maintaining its correspondence office at the
heading address at a commercial building in a shopping & residential
district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
The
heading business address is mainly occupied by HKRTP Ltd., SC's corporate
secretary.
SC is
not known to have any subsidiary at present.
Overall payment appraisal :
( ) Excellent ( ) Good (
) Average ( ) Fair
( ) Poor (X) Not yet determined
The
appraisal serves as a reference to reveal SC's payments habits and ability to
pay. It is based on the 3 weighed
factors: Trade payment experience
(through current enquiry with SC's suppliers), our delinquent payment records
and our debt collection record concerning SC.
Trade payment experience : SC
did not provide any name of trade/service suppliers and we have no other
sources to conduct the enquiry at present.
Delinquent
payment record : None in our database.
Debt collection
record : No overdue amount owed by SC was placed to us
for collection within the last 6 years.
Banking
relations are maintained principally with:
- HSBC
-
Standard Chartered Bank (HK) Ltd.
Upon a current contact, Chen
Liangbing, SC's director, refused releasing detailed financial data but advised
that SC's group turnover for year ended 31-3-2005 was HKD11M.
As per
current co. search, total amount of indebtedness of SC in respect of all
mortgages and charges which are required to be registered with Companies
Registry as at 16-10-2006 was NA.
In view
of SC's operation style, we have insufficient base to formulate our credit
opinion on SC.
--
Asset Tracing --
Upon our
current investigation, our database & sources consulted indicate that SC
was not involved in any property transaction (both purchase & disposal) in
Hong Kong for the last 6 years.
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/normal. |
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 |
|