MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SENG FAI CO LTD |
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Registered Office : |
Flat 602-606, 6fl Focal Industrial Centre
- Block A 21 Man Lok St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.08.2004 |
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Com. Reg. No.: |
918055 |
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Legal Form : |
Private |
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Line of Business : |
Distribution
of gems, gold jewelry sets with diamonds, semi-precious stones and other
related products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name
SENG FAI CO LTD
address
FLAT 602-606, 6FL FOCAL INDUSTRIAL CENTRE - BLOCK A
21 MAN LOK ST HUNGHOM KOWLOON HONG KONG,
TEL: 852-27744121
FAX: 852-23301553
EXECUTIVE SUMMARY
INCORPORATION
DATE : AUGUST 20, 2004
REGISTRATION
NO. : 918055
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. JACKIE
YU-MIN CHEN (CHAIRMAN)
STAFF
STRENGTH : 6
CAPITAL : US$ 1,287
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : SMALL
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIRLY STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79741 =
US$1 AS OF 2007-1-11
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
Name*
=============
Incorporated
as : SENG FAI LOGISTICS CO LTD
Date of
incorporation : 20 August, 2004
Changed
name to : SENG FAI CO LTD
Date of
change : 27 September,
2004
*Company
Registration*
==================
License
number : 918055
Date
issued : 20 August, 2004
Issuing
authority : Companies Registry
*Capital
Details*
============
Share
value : HKD 1.00/-each
Authorized
capital : HKD 10,000.00
Paid-up
capital : HKD 1.00
*Office
& Facilities*
===============
Comment
: Premises is shared with affiliate company, FAI PO GEMS MFG CO LTD.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
E-mail: fpg@hk.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
===============
Total
number of shareholder : 1
Total
number of ordinary share : 1
Shareholder's
Name No. of Ordinary
Share Amount of shares (HKD) % of Shares
------------------------
-------------------------------
---------------------------------
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Mr.
Jackie Yu-min Chen
1
1.00 100.00
*Company
Secretary*
================
SILVER
SWING (INT'L) LTD
Address
: Rm 1002, 10Fl China Life Insurance (CLI) Bldg 313-317B Hennessey Rd Wanchai
Hong Kong
CR
no. : 157939
Management:
Mr. Bobby Chen, General Manager
Name Nationality Job Description
Mr.
Bobby Chen Hong Kong General Manager -
*Key
Personnel*
============
Mr.
Jackie Yu-min Chen
China ID
no. :
441522197907010179
Overseas
Passport no. : 149818340
Address : 11 Zhuzi St Donghai
Lufeng Guangdong China
*Main
Products & Services*
======================
Specializes
in the distribution of gems, gold jewelry sets with diamonds, semi-precious
stones and other related products.
Products:
Bracelets
Chains
Diamond jewelry
Diamond rings
Gems
*Payment
Terms*
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Sales
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Local : Cash or Credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
*Local
Distribution Network*
=======================
Part of
the annual turnover is attributed to local sales.
*Export
Markets*
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Majority
of the annual turnover is attributed to export.
*(Subsidiaries,
Joint-ventures & Affiliates)
===============================
Company
Name : FAI PO GEMS MFG CO LTD
Global
Identifier : 30403801
Address
: Flat 602-606, 6Fl Focal Industrial Centre - Block A 21 Man Lok St Hunghom
Kowloon Hong Kong
Country
: Hong Kong
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Manufacturer
Industry
: Giftware & Jewellery
PAYMENT
RATING : 4 OBTAINED
SCORES : 47
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Rating
Key |
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.
Dealings
on open terms may be possible for SMALL amounts depending on individual
judgement experience.
As a
private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is
considered small-sized in its line with an operating history of 3 years. Credit
dealings with SC in small amount appears acceptable.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3911
Jewelry, of precious metal
Trading 3961
Jewelry of materials other than solid
gold, platinum & silver
Trading 5094
Jewelry/Watches/Precious Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7113195000
Gold jewelry nesoi, goldsmiths wares
nesoi and other gold articles
Trading 7116201000
Jewelry of precious or semiprecious
stones
Trading 7116205000
Articles of precious or semiprecious
or synthetic stones nesoi
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trading Gold
jewellery set w/ diamonds
Trading Jewelry,
colored gemstones
Trading Semi
precious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Japan
Exporting
to North America
Exporting
to USA
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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