MIRA
INFORM REPORT
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Report Date : |
05.07.2004 |
IDENTIFICATION DETAILS
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Name : |
GRAND HONG TRADING LTD |
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Registered Office : |
Unit D Seabright Plaza |
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Country : |
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Date of Incorporation : |
21.03. 2007 |
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Com. Reg. No.: |
1116925 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading consumer products |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
GRAND HONG TRADING LTD
UNIT D
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 21, 2007
REGISTRATION NO. :
1116925
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. HONG-YING TANG (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.81184 = US$1 AS OF
*Company Registration*
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License number :
1116925
Date issued : 21 March, 2007
Issuing authority : Companies Registry
Legal form : Private Company Limited by Shares
Type of license : Corporate
License number : 37746265-000
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD
10,000.00 divided into 10,000 shares at HKD 1.00/-each, fully paid
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of its business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
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*
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Total number of shareholder :
1
Total number of shares : 10,000
Shareholder's Name No. of
Shares Amount of Shares (HKD) % of Shares
Hong-ying Tang
10,000
10,000.00
100.00
*Company Secretary*
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K & S SECRETARIAL LTD represented by Kong Ngai
Address : Rm 1201, 12Fl AT Tower
CR number : 650987
Date of appointment : 21 March, 2007
*Key Personnel*
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Mr. Hong-ying Tang
Founder : Sole Founder
China ID number : 432901197011011047
Address : Rm 401 Qifu New Village 30 Luyi
Qualification : Merchant
Date of appointment : 21 March, 2007
*Operations Status*
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The
nature and extent of the company's operations could not be determined and it
could not be confirmed whether the company operates from the Registered Office
address or in another location.
*Main Products & Services*
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Believed to be engaged in trading consumer products.
Products : Consumer products
SC is not known to have any subsidiary at present.
PAYMENT RATING :NR OBTAINED SCORES :No Data
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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 C.O.D. amounts depending on individual judgement
experience.
*Bank Details*
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Bank name : ABN AMRO BANK NV
- SHENZHEN BRANCH
Branch : 10Fl
Since the company was only established three (3) months ago no
financials have been lodged.
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.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3999
Manufactured articles
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9600
Miscellaneous manufactured
articles
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)