MIRA
INFORM REPORT
|
Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BRIGHTON TRADING CO LTD |
|
|
|
|
Registered Office : |
Rm 704 A & B Lee Wai Commercial Bldg 3 Hart Ave, Tsimshatsui
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
August 13, 1997 |
|
|
|
|
Com. Reg. No.: |
0620287 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged in the business of importing and domestic
sales of diamonds. |
RATING & COMMENTS
|
MIRA’s 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/normal. |
Small |
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Name & address
BRIGHTON TRADING CO
LTD
RM 704 A & B LEE WAI COMMERCIAL BLDG 3 HART AVE
TSIMSHATSUI KOWLOON,
HONG KONG
TEL: 852 27242311
FAX: 852 27242332
EXECUTIVE SUMMARY
INCORPORATION
DATE : AUGUST 13, 1997
REGISTRATION
NO. : 0620287
LEGAL
FORM : PRIVATE
LIMITED COMPANY
CHIEF
EXECUTIVE : MR. PHILIP
KAM-FAI TANG (CHAIRMAN)
STAFF
STRENGTH : 5
CAPITAL : US$ 128,370
BUSINESS
LINE : TRADER
TURNOVER : NA (AS OF DEC.
31, 2005)
EQUITIES : NA (AS OF
DEC. 31, 2005)
PAYMENT
: FAIR
RECOMM. CREDIT RANGE : UP TO USD 10,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.78367 = US$1 AS OF 2006-10-26
*Company Registration*
===================
(1) License number : 0620287
Date issued : 13 August, 1997
Issuing authority
: Companies Registry
Type of license
: Corporate
(2) License number : 21186708-000
Date issued : N/A
Issuing authority
: Inland Revenue Dept.
Type of license
: Business Registration
*Capital Details*
============
Authorized capital
: HKD 1,000,000.00 divided into 1,000,000 ordinary shares at HKD
1.00/-each, fully paid
*Corporate & Organization Structure*
============================
A small company operated and managed by an
experienced team of professionals.
*Reputation*
==========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
E-mail :
brighton@tst.corp.com.hk
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
===================
Total number of shareholders : 2
Total number of ordinary shares : 1,000,000
Shareholders' Name No. of Ordinary
shares Amount of Shares (HKD) % of shares
--------------------------
-----------------------------
--------------------------------
----------------
Ms. Corrinne Oi-Ching Tsui 500,000 500,000.00 50.00
Mr. Philip Kam-Fai Tang 500,000 500,000.00 50.00
*Directors' Details*
===============
(1) Ms. Corrinne Oi-Ching Tsui
HKID no. : D247795(6)
Address : Rm 704A & B Lee Wai Commercial Bldg 3 Hart
Ave Tsimshatsui Kowloon Hong Kong
(2) Mr. Yuk-Wah Wong
HKID no. : A213180(6)
Address : Rm 704A & B Lee Wai Commercial Bldg 3 Hart
Ave Tsimshatsui Kowloon Hong Kong
*Company Secretary*
=================
Ms. Corrinne Oi-Ching Tsui
National ID No
: D247795(6)
Address : Rm 704A&B Lee Wai Commercial Bldg 3 Hart Ave
Tsimshatsui Kowloon Hong Kong
Name Nationality
Job Description
Mr. Philip Kam-fai Tang Hong Kong General Manager
Mr. Yuk-wah Wong Hong
Kong Director
Ms. Corrinne Oi-ching Tsui Hong Kong Director
*Key Personnel*
=============
Mr. Philip Kam-fai Tang
Founder : Co-founder
HKID no : D243350(9)
Address : Rm 704A & B, Lee Wai Commercial Bldg, 3 Hart
Ave, Tsimshatsui, Kowloon Hong Kong
Work experience
: More than 5 years.
Responsibilities
: Handles the daily operation of the firm including all financials and
legal matters.
*Main Products & Services*
=====================
Specializes in importing and domestic sales of
diamonds.
Products : Diamonds
*Payment Terms*
=============
Sales
------
Local :
Cash
30-90 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import
: Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
======================
99% of the annual turnover is attributed to local
sales.
*Export Markets*
==============
1% of the annual turnover is attributed to export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
48
|
Rating Key |
Implication |
Implications |
|
1 |
Scores
85–100 |
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 privately owned company there is no legal
requirement according to local corporate law for public disclosure of detailed
financial.
SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD 10,000 appears to be
within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 3911 Jewelry, of precious metal
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 7102 Diamonds, worked or not, not mounted or set
Trading 7102100000 Diamonds, unsorted
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Europe
Importing from Asia
Importing from India
Importing from Israel
Importing from Middle East
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 |
|