MIRA
INFORM REPORT
|
Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
HONOUR LEATHER CO LTD |
|
|
|
|
Registered Office : |
18 Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
19.04.2007 |
|
|
|
|
Com. Reg. No.: |
1124852 |
|
|
|
|
Legal Form : |
Private Company With Limited Liability |
|
|
|
|
Line of Business : |
Trading a wide range of leather goods |
RATING & COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
COMPANY NAME &
ADDRESS
HONOUR LEATHER CO LTD
18FL
TEL: 852 123457
FAX: 852 3521682
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 19, 2007
REGISTRATION NO. :
1124852
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. PAK-WAI LAM (SECRETARY)
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 : N/A
GENERAL REPUTATION : N/A
EXCHNAGE RATE :
HKD 7.8205 = US$1 AS OF
*Company Registration*
===================
License number : 1124852
Date issued : 19 April, 2007
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Private Company Limited by shares
License number : 37870105-00
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of License : Business
*Capital Details*
=============
Authorized capital : HKD
10,000.00 divided into 10,000 shares at HKD 1.00/-each
*Reputation*
==========
Due to the lack of any third party references and the proprietorship
nature of the company's business, we
were unable to establish the level of the firm's reputation within the
respective industry.
*Approved Signatures*
===================
Only Mr. Pak-wai Lam can sign in behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
For the past year there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 3
Total number of shares
:
1,000
Shareholder's Name
No. of Shares Amount of
Shares (HKD) % of Shares
Orbert Shum 400 400.00 40.00
Chun Jeniffer Ng Yuk
400 400.00 40.00
Pak-wai Lam
200 200.00 20.00
*Director's Details*
==============
Mr. Pak-wai Lam
HK ID No : G603349 (A)
Address : 33 B Rivera Gardens - Block 5 Tsuen Wan, New
Territories Hong kong
Date of appointment : 19 April, 2007
Shareholders' Details
-----------------------------
Mr Orbert Shum
Address : 1Fl Front Block
Ms. Jennifer Yuk-chun Ng
Address : Rm
*Company Secretary*
=================
Pak-wai Lam
HK ID number : G603349 (A)
Address : 33 B Rivera Gardens - Block 5
Tsuen Wan New Territories Hong kong
Date of appointment : 19 April, 2007
*Corporate Secretary*
=================
ASIA SECRETARIES LTD
Date resigned : 19 April,
2007
*Operations Status*
================
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*
======================
Believed to be involved in trading a wide range of leather goods.
Products :
Leather & leather goods
Leather & leather products
Leather products
SC is not known to have any subsidiary at present.
PAYMENT RATING :NR OBTAINED SCORES : No Data
|
Rating Key |
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 C.O.D. amounts depending on individual judgement
experience.
*Bank Details*
============
Bank name : BANK OF COMMUNICATIONS
Branch :
Central,
Branch Address :
Account : 027-533-92061705
Swiftcode : COMMHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company. Great caution is required in
providing credit to SC & COD is recommended.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3100
Leather and Leather
Products
Trading 3111
Leather, tanned or
finished
Trading 3199
Leather goods
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203
Articles of apparel &
access, leather & comp leather
Trading 4205
Articles of leather
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%)