MIRA
INFORM REPORT
|
Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
SINOWIN PACIFIC LIMITED |
|
|
|
|
Registered Office : |
RM B 7, 11 FL Hankow Centre, 4A |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
10.12.2003 |
|
|
|
|
Com. Reg. No.: |
874736 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trader of jewelry,
precious stones and metals. |
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 AND ADDRESS
SINOWIN PACIFIC LTD
RM B7, 11FL HANKOW CENTRE 4A
TSIMSHATSUI
TEL: 852-23683777
FAX: 852-27242912
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 10, 2003
REGISTRATION NO. : 874736
LEGAL FORM : PRIVATE LIMITED
COMPANY
CHIEF EXECUTIVE : MR. ZIAUDDEEN AHMED AHMED
YASEEN (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL : US$ 1,279
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2006)
EQUITIES : N/A (AS OF
DEC. 31, 2006)
PAYMENT : FAIR
RECOMM. CREDIT RANGE : UP TO USD 5,000
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADEY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.81634 = US$1 AS OF
2007-7-3
HISTORY
*Company
Registration*
===================
(1)
License number : 874736
Date issued : 10 December, 2003
Issuing
authority : Companies Registry
Type of license : Corporate
(2)
License number : 34432308
Issuing
authority : Inland Revenue Department
Type of license : Business
*Capital Details*
=============
Authorized
capital : HKD 10,000.00
Paid-up capital : HKD 2.00 divided into 2 ordinary
shares HKD 1.00/-each
*Corporate & Organization Structure*
=============================
A small-sized
company operated and managed by an experienced team of professionals.
*Reputation*
===========
Reference checking
for the purpose of establishing the firm's reputation within the respective
industry failed to reveal any negative information.
*Approved
Signatures*
==================
Mr. Ziauddeen Ahmed
Ahmed Yaseen can sign on behalf of the company with seal affixed.
WEBSITE
E-mail: yaseen@hkstar.com
LITIGATION
For the past two years
there is no record of litigation.
OWNERSHIP / MANAGEMENT BACKGROUND
*Major Shareholders*
=================
Total number of
shareholders : 2
Total number of
ordinary shares : 2
Shareholders'
Name
No of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------
------------------------------
----------------------------------
----------------
Mr. Ziauddeen Ahmed
Ahmed Yaseen 1
1.00
50.00
Mr. Sadhak Mushtak
Ahmed Yaseen
1
1.00
50.00
*Director's Details*
===============
Mr. Sadhak Mushtak
Ahmed Yaseen
HKID no : XD802350 (1)
Address : RM B7, 11Fl Hankow Centre 4A
*Company Secretary*
=================
VMC SECRETARIES LTD
Address : RM 1617-18
License number : 750831
MANAGEMENT
*Key Personnel*
=============
Mr. Ziauddeen Ahmed
Ahmed Yaseen
Founder : Co-Founder
HKID no : XD574998 (6)
Address : RM B7, 11Fl Hankow Centre 4A
Work experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials, sales and legal matters.
BUSINESS OPERATIONS
*Main Products &
Services*
======================
Specializes in
trading of jewelry, precious stones and metals.
Products:
Diamonds
Jewelry
Precious metals
Precious stones
*Payment Terms*
=============
Sales
------
Local : Cash or credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution
Network*
=======================
50% of the annual
turnover is attributed to local sales.
*Export Markets*
=============
50% of the annual
turnover is attributed to export worldwide.
SC is not known to have any subsidiary at present.
PAYMENT
PAYMENT RATING : 4 OBTAINED SCORES : 47
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
FINANCIAL HIGHLIGHTS
As a limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
REMARKS
SC is considered small-sized in its line locally. With regard to its size of operation and limited growth potential, credit should be confined to small amount at present.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911
Jewelry, of precious metal
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2616
Precious metal ores and
concentrates
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
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 |
|
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%)