MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
WING YUE TRADING LTD. |
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Registered Office : |
Rm 13, Level 2 Wah Yiu Industrial Centre 30-32 Au Pui Wan St,
Fotan New Territories, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.11.1998 |
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Com. Reg. No.: |
658982 |
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Legal Form : |
Private
Company |
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Line of Business : |
Engaged in trading a range of decorative materials and door
material for construction, family, shop, school and hotel. |
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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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
WING
YUE TRADING LTD
RM 13, LEVEL 2 WAH YIU INDUSTRIAL CENTRE 30-32 AU PUI WAN ST,
FOTAN NEW TERRITORIES, HONG KONG,
TEL : 852-26875972
FAX : 852-26875823
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 6, 1998
REGISTRATION NO. :
658982
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JOHN CHEN (MANAGER)
STAFF STRENGTH :
15
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 20,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80478 = US$1 AS OF 2007-1-25
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*
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Incorporated as : HONG KONG RONGYU TRADE CO LTD
Date of incorporation :
6 November, 1998
Changed name to : WING YUE TRADING LTD
Date of change : N/A
*Company Registration*
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(1)
License number : 658982
Date issued : 6
November, 1998
Issuing authority :
Companies Registry
Legal form :
Private Limited Company
Type of license :
Corporate
(2)
License number :
21994179
Date issued :
N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Registered Office*
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Although the company is operating its main business from the
address listed above, the actual business license is legally registered at :
Address : Flat 11, Level 2
Wah Yiu Industrial Centre 30-32 Au Pui Wan St Fo Tan Shatin New Territories
*Office & Facilities*
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Other email :
ricky@toppal.com
*Capital Details*
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Issued capital
: HKD 2.00
*Reputation*
==========
Reference checking for the purpose of establishing the firm's
reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
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Only Mr. Chik-hung To can sign on behalf of the company with seal
affixed.
www.toppal.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: johnchen@toppal.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholder's Name % of Shares
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Mr. Chik-hung To 90.00
Undisclosed investors 10.00
*Company Secretary*
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CPK SECRETARIAL CO LTD
Address
: Rm D 11Fl, Rm D 11Fl Chatham Plaza 8 Hart Ave Tsimshatsui Kowloon
Management: Mr. John Chen, Manager
Name Nationality Job
Description
Mr. John Chen Hong Kong Manager Sales
*Key Personnel*
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John Chen
Email :
johnchen@toppal.com
*Main Products & Services*
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Specializes in trading a range of decorative materials and door
material for construction, family, shop, school and hotel.
Products: Aluminium door frames
Craftwork
glass
Decoration
material
Door board
Door materials
*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
Import : Letter of Credit
(L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export to Asia.
SC is not known to have any subsidiary
at present.
PAYMENT RATING :4 OBTAINED SCORES :
46
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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.
Dealings on open terms may be
possible for SMALL amounts depending on individual judgement experience.
As a limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Over the past 9 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD 20,000 appears to be within
SC’s capacities.
ATTACHED: TRADE
REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2452 Prefabricated wood buildings and components
Trading 2499 Wood products,
Trading 5039 Construction Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3925 Builders' ware of plastics
Trading 3925200010 Doors and door frames, of plastic
Trading 4418 Builders' joinery and carpentry of wood
Trading 4418200060 Doors and their frames and thresholds, of
wood
DETAILED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Product/Service Description
Trading Edge bands
Trading Edger-glued laminated boards
Trading Plastics laminated board
Trading Wooden doors
Trading Wooden window
INTERNATIONAL TRADE : ACTIVITY
& MARKETS
Exporting to Asia
Exporting to China
Importing from Asia
Importing from Europe
Importing from Germany
Importing from Italy
Importing from South Korea
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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