MIRA
INFORM REPORT
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Report Date : |
27th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TALENT PORT LTD. |
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Registered Office : |
Flat K, 4/F, International Industrial Centre, 2-8 Kwei Tei St., Fotan,
Shatin, N.T., Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.11.2005 |
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Com. Reg. No.: |
1005430 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in trading & supply of wine. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company name & Address
TALENT PORT LTD.
FLAT K, 4/F,
INTERNATIONAL INDUSTRIAL CENTRE, 2-8 KWEI TEI ST., FOTAN, SHATIN, N.T., HONG
KONG.
TEL : 852 26901772
FAX : 852 21844777
EXECUTIVE SUMMARY
INCORPORATION DATE : 3-11-2005
REGISTRATION NO. :
1005430
REGISTERED LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : LEUNG MEI KUEN (DIRECTOR)
STAFF STRENGTH : 3
AUTHORIZED CAPITAL : HK$10,000 = 10,000 SHARES @
HK$1.-
PAID-UP CAPITAL :
HK$1.-
BUSINESS LINE : TRADING & SUPPLY
OF WINE
TURNOVER : N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE
AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81280 = USD1 AS OF 2007-02-27
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
The correct address of SC is the heading one instead of "2-6, Kwei
Tei Street4K, International Bldg., FO Tan" given by you.
SC is a private limited company registered under incorporation file no. 1005430
on 3-11-2005.
SC's shareholders & directors are shown to be as follows:
Shareholders (as at 3-11-2006) Number
of shares held
Leung Mei Kuen 1
==
Directors (as at 3-11-2006)
Leung Mei Kuen / G141900(4)
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Our current search revealed certain material change or amendment of SC
has been recorded within the last 2 years & noted as follows:
Change of business address : SC moved to the heading business address
from Flat B2, 7/F, Shatin Industrial Bldg., 22-28 Wo Shui St., Fotan, Shatin,
N.T., HK on 2-1-2007.
Total number of employees : 3.
Location : Maintaining
its office at the heading business address which occupies a gross area of 700
square feet at an industrial building in an industrial district.
Condition inside the premises during our
visit: Normal.
Office/factory layout: Standard.
The premises is rented.
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.
Leung Mei Kuen, director:
- In her late 40's
- She has 2 years of working experience in present field
- Previously working in trading business in other fields
- Also currenty director of Le Puy International Ltd. and Megsales
(H.K.) Ltd., SC's affiliates
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: Flat A, 3/F, Blk 1, Chevalier Garden, Ma
On Shan, N.T., HK.
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 : 57 (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 is engaged in trading & supply of wine.
Items
available include red wine & white wine.
Brands available include:
- Barthelemy, Chateau Le Puy, L'O du Puy, Chateau Pimpine, Cormoran, Duc
des Nauves.
Principal purchases :
Major
types of sourcing : Wine
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : France (mainly) &
Australia
Buying
terms : L/C
& T/T
Principal market :
Local--type
of customers : Wholesalers &
retailers
Selling
terms : COD &
credit of 30 days
Overseas--buying
countries : Taiwan, PR China & SE
Asia
Selling
terms : L/C &
T/T
Jointly occupying the premises with the below mentioned affiliate.
Affiliate(s):
Company name :
Le Puy International Ltd.
Year established : 2005
Business nature : Similar to SC
Address : Same as heading business
address
Turnover :
NA
Civil litigation & winding-up petition records: None in our database
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) 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 : Owing to the nature of its
business, SC is not an active seeker of local commerical credit since
merchandise/materials are imported. Its expenses in the form of accruals and
servicing are reportedly met in prompt manner.
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: Standard Chartered
Bank (HK) Ltd.
Upon a current
contact, Leung Mei Kuen, SC's director, declined forwarding any financial
information on the ground that it is the company's policy not releasing any
data to a third party without the benefit of knowing the identity of the
inquiring party.
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 3-11-2006 was nil.
SC is considered small-sized in its line locally with acceptable base to
meet its normal dealings. Credit up to
moderate amount may be considered.
-- 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
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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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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%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions