MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MEGA LINK INTERNATIONAL HOLDINGS LTD |
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Registered Office : |
10 Fl Flat B/D Gee Hing Chang Industrial Bldg |
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Country : |
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Date of Incorporation : |
22.03.1994 |
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Com. Reg. No.: |
0470900 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in trading of ladies casual wear and garment related
products which are manufactured by its |
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 : |
US$ 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
MEGA-LINK INT'L HOLDINGS LTD
10FL FLAT B/D GEE HING CHANG INDUSTRIAL BLDG
TEL: 852 23708033
FAX: 852 23708091
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 22, 1994
REGISTRATION NO. :
0470900
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. FREDDY LAI (MANAGER)
STAFF STRENGTH :
20
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81314 = US$1 AS OF 2007-7-5
*Company Registration*
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License number : 0470900
Date issued : 22 March, 1994
Issuing authority : Companies Registry
License number : 19128029-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
*Company Name*
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Incorporated as : DORVIC CO LTD
Date of incorporation : 22
March, 1994
Changed name to : MAXWEAR (HK) LTD
Date of change : 14 May, 2004
Changed name to : MAXWEAR HONG KONG
Date of change : 22 December, 2004
Changed name to : MEGA-LINK INT'L HOLDINGS LTD
Date of change : N/A
*Capital Details*
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Share value : HKD 1.00
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00
*Reputation*
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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. Serge Salomon Choukroun can sign in behalf of the company with
seal affixed.
E-mail : kenchiu@megalink.com.hk
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
Shareholder's Name Amount of
shares (HKD) % of Shares
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Serge Salomon Choukroun
2.00
100.00
Share Tranfers
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Tranferee
Date of Transfer No of
Shares
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RICHTECH LTD 18 June,
2006 1
TOPLINK LTD 18 June,
2006 1
*Director's Details*
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Serge Salomon Choukroun
Address : 5Fl
Passport no. : 04AE33516
HK National ID no. : P316631(0)
*Company Secretary*
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FTW CORPORATE SERVICES LTD
Address : Rm411, 4Fl World Commerce Centre 11
CR No. : 924937
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Freddy Lai
Mr. Ken Chiu
*Key Personnel*
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Mr. Freddy Lai
Email
: freddylai@megalink.com.hk
Mr. Ken Chiu
Email
: kenchiu@megalink.com.hk
*Main Products & Services*
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Specializes in trading of ladies casual wear and garment related
products which are manufactured by its
Products :
Jackets
Knitted garments
Ladies' casual wears
Sweaters
Woolen garments
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*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.
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED SCORES : 52
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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.
*Bank Details*
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Bank : BNP PARIBAS -
Branch :
Branch Address :
20-22Fl
SWIFT Code :
BNPAHKHH
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 a development history of
13 years. It is considered a credit line up to
US$ 10,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2335
Women's and misses'
dresses
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6100
Articles of apparel &
clothing accessories-knitted or crocheted
Trading 6104230026
Women's or girls' ensembles, knitted
or crocheted, of synthetic fibers, containing
less
than 23 percent of wool, garments in heading 6102 and 6104
Trading 6110
Sweaters,
pullovers, vests etc, knit or crocheted
Trading 621050
Women's wear
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Importing from
Importing from
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%)