MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SAMY
LEATHER FACTORY LTD |
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Registered Office : |
2fl
Tuen Mun Industrial Centre - Block E 2 San Ping St, Tuen Mun New Territories,
Hong Kong. |
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Country : |
Hong
Kong |
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Line of Business : |
Engaged
in the manufacture of leather and products. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
Company Name & Address
SAMY LEATHER FACTORY LTD
2FL TUEN
MUN INDUSTRIAL CENTRE - BLOCK E 2 SAN PING ST
TUEN MUN
NEW TERRITORIES, HONG KONG.
TEL : 852-24634633
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION
DATE : N/A
REGISTRATION
NO. : N/A
LEGAL
FORM : N/A
CHIEF
EXECUTIVE : MR. SAMY
LAI (MANAGER)
STAFF
STRENGTH : N/A
CAPITAL : N/A
BUSINESS
LINE : MANUFACTURER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : N/A
RECOMM.
CREDIT RANGE : NO RECOMMENDATION
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : N/A
GENERAL
REPUTATION : N/A
EXCHANGE
RATE : HKD 7.81325 =
US$1 AS OF 2007-2-12
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hongkong Dollars
SC’s
history details are not available at present.
SC is not known to host website of its own at present.
E-mail: smlai68@netvigator.com
For the
past two years there is no record of litigation.
Such
business licenses, do not require local Shareholders, nor local Directors.
Management:
Mr. Samy Lai, Manager
Name Nationality
Job Description
Mr. Samy
Lai Hong Kong Manager
*Operations
Status*
================
Extensive
investigations have been conducted to identify the status of commercial
operations of the Subject Business Entity and the following were revealed:
1. The
Companies Registry and Business Registration Office - Inland Revenue Dept were
checked and there is no company or Business name registered that correlates
with the Subject Business Entity name listed above
2. Attempts
were made to confirm the current commercial operation based on the given
telephone number and the following were revealed:
- They recognized the name "SAMY LEATHER
FACTORY LTD"
- The representative strictly refused to
disclose any information to confirm its current business operation.
3.
Additionally, attempts to identify other commercial points of reference being
used by the Subject Business Entity proved to be unsuccessful. These include:
- Searches with the main local Telecom
supplier for telephone and/or fax lines.
- Checks with the local trade and business
associations.
- Attempts to identify trade references
within the Leather industry sector.
*Main
Products & Services*
======================
Believed
to be engaged in the manufacture of leather and products.
Products:
Leather
Leather products
SC is not known to have any subsidiary at present.
PAYMENT RATING :NR OBTAINED SCORES :
0
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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.
*Bank
Details*
============
Bank :
NANYANG COMMERCIAL BANK LTD
Branch :
Hong Kong
Swiftcode
: NYCBHKHH
Based on
the investigations performed, it has not been possible to prepare a normal
credit report on the entity. Given the
circumstances, caution is advised related to dealings with persons claiming to
represent such an entity.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 3100 Leather and Leather Products
Manufacturing 3111 Leather, tanned or finished
Manufacturing 3199 Leather goods,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 4205 Articles of leather
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/normal. |
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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