MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMILING TRADING CO |
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Registered Office : |
Rm 5, 11fl Hang Tung Bldg - Block A, 1116
Canton Rd, Mongkok Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
JUNE
1, 1996 |
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Com. Reg. No.: |
19990468-000 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name
SMILING TRADING CO
RM 5, 11FL HANG TUNG BLDG - BLOCK A, 1116 CANTON RD
MONGKOK KOWLOON, HONG KONG.
TEL: 886-2-28723531
FAX: 886-2-28723634
EXECUTIVE SUMMARY
INCORPORATION
DATE : JUNE 1, 1996
REGISTRATION
NO. : 19990468-000
LEGAL
FORM : SOLE
PROPRIETORSHIP
CHIEF
EXECUTIVE : MR.
NGAI-SUN NG (CHAIRMAN)
STAFF
STRENGTH : 1
CAPITAL : N/A
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : NR
RECOMM.
CREDIT RANGE : NO RECOMMENDATION
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : N/A
GENERAL
REPUTATION : FAIR
EXCHANGE
RATE : HKD 7.79851 =
US$1 AS OF 2007-1-17
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
Registration*
===================
License
number : 19990468-000
Date
issued : 1 June, 1996
Issuing
authority : Business Registration
Office - Inland Revenue Dept
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*
===============
Under
Hong Kong corporate law, there is no existing "shareholder" in a sole
proprietorship.
Based on
corporate filing regulations for this type of entity in Hong Kong, there is
either, no requirement for Shareholders or no requirement for public disclosure
of Shareholders.
Management:
Mr. Ngai-sun Ng, General Manager
Name Nationality Job Description
Mr.
Ngai-sun Ng Hong Kong General Manager
*Key
Personnel*
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Mr.
Ngai-sun Ng
Founder : Sole Founder
HKID
no. : H4461128
Address : Rm 63, 1Fl Lever Bldg Arcade
33 Larch St Tai Kok Tsui Kowloon Hong Kong
*Operations
Status*
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Extensive
investigations have been conducted to identify the commercial operation status
of the company.
Investigations
have included:
1. Site
visit
2.
Contact and searches with the main local Telecom supplier for telephone and/or
fax lines.
3.
Checks with the local trade and business associations.
4.
Correlation with address held by Inland Revenue Department, Hong Kong
Although
the corporate license is still valid, investigators were unable to identify any
functioning office of the company.
*Main
Products & Services*
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In the
absence of any known business activity there are no known products associated
with this business entity.
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.
SC
refused to release the financial details.
Based on
the investigations performed, it has
not been possible to prepare a normal credit report on the company. Given the
circumstances, caution is advised related to dealings with persons claiming to
represent such an entity.
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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