MIRA
INFORM REPORT
|
Report Date : |
24.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
HONG KONG YU QI INTERNATIONAL CO., LTD. |
|
|
|
|
Registered Office : |
C/O Flat C, 19/F, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
7-4-2004 |
|
|
|
|
Com. Reg. No.: |
894218 |
|
|
|
|
Legal Form : |
Private
|
|
|
|
|
Line of Business : |
Manufacturing
& supply of consumer electronic products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
name & address
HONG KONG YU QI INTERNATIONAL CO., LTD.
C/O FLAT C, 19/F,
288 DES VOEUX ROAD CENTRAL,
TEL : 86-755-29778412 (SHENZHEN)
FAX : 86-755-29778411(SHENZHEN)
EXECUTIVE SUMMARY
INCORPORATION
DATE : 7-4-2004
REGISTRATION
NO. : 894218
REGISTERED
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE :
BAI BIN BIN (DIRECTOR)
STAFF
STRENGTH : N/A
AUTHORIZED
CAPITAL : HK$10,000 = 10,000
SHARES @HK1.-
PAID-UP CAPITAL : HK$10,000
BUSINESS
LINE : MANUFACTURE
& SUPPLY OF CONSUMER ELECTRONIC
PRODUCTS
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF DEC.
31, 2005)
PAYMENT : AVERAGE
RECOMM.
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.80078 =
USD1 AS OF 2007-1-23
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
Note:
The correct name of SC should be the heading one instead of the name given by
you. The correct address also should be the above stated one, and the given
address belongs to SC’s factory in
SC is a
private limited company registered under incorporation file no. 894218 on
7-4-2004.
SC's
shareholders & directors are shown to be as follows:
Shareholders (as at 7-4-2006) Number
of shares held
Bai Bin Bin 5,000
Peng Li 5,000
--------
10,000
=====
Directors
(as at 7-4-2006)
Bai Bin
Bin / 61042819730226003X
Peng Li
/ 430124780821552
The
above registration information is based on SC's annual return filed at
Companies Registry within the last 2 years.
No
material change or amendment regarding SC has been traced & noted within
last 2 years.
Total number of employees : None in
Location: Maintaining its correspondence office* at the
heading business at a commercial building in a commercial district.
Condition inside the premises during our
visit:
Office/factory layout: Standard.
*The
heading business address is mainly occupied as an office by Hong Kong
Professional Secretarial Ltd.
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
Mortgage/charge record(s): None filed since its
incorporation date.
Bai Bin
Bin, director:
- Born
in 1973
- He has
over 10 years of experience in present field
Currently
active in SC's day-to-day operations & is responsible for its management.
Registered
residential address: 88 Qiaotao Village, Zhaoren Zhen, Changwu Xian, Shan Xi
Province, PR China.
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
Peng Li,
director:
- Born
in 1978
- She
has over 10 years of experience in present field
Currently
active in SC's day-to-day operations & is responsible for its management.
Registered
residential address:
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:
Appraisal
is not given as the principals are overseas residents with comparatively
limited information available for assessment.
Business
categories:
SC's
main operation is in PR China & the contact information is as follow:
-
Address: 2F, No.20 Fuming
-
Tel: 86-755-29778412
- Fax:
86-755-29778411
SC is
engaged in manufacturing & supply of consumer electronic products.
Items
available include MP3, MP4 & multimedia player.
Production
is assigned to its affiliated factory/joint venture factory located at 28
District,
Principal
purchases :
Major types of
sourcing : Merchandise, parts
& components
Local--type of
suppliers : Nil
Buying terms : Nil
Overseas--supplying
countries : PR China &
Buying terms : L/C & T/T
Principal
market :
Local--type of
customers : Nil
Selling terms : Nil
Overseas--buying
countries :
Selling terms : L/C & T/T
In
Henan
Yuqi Wigs Factory was established in 1994 and is located in Xuchang County
Henan, with the total staff about 200 and total premise about 7,000 square
meters. It is mainly engaged in manufacturing and selling wigs. And its
representative is Mr. Bai Binbin
(白斌斌), his telephone numbers are 86 13823221774 (Used in
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 commercial 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: HSBC.
Upon a current contact, Ms. Ma,
SC's manageress, 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 7-4-2006 was nil.
Information
regarding SC's current status is not available despite having exhausted our
sources and attempt in contacting the principals. With regards to SC's
operation in PR China, SC may appear to be capable of coming into normal
business dealings.
--
Asset Tracing --
Upon our
current investigation, our database & sources consulted indicate that SC
was not involved in any property transaction (both purchase & disposal) in
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 |
|