MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ATX LTD |
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Registered Office : |
Unit B 7FL Richwealth Industrial Bldg |
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Country : |
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Date of Incorporation : |
July 28, 2000 |
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Com. Reg. No.: |
725615 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a range of home textile bedding products. |
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 : |
Up To USD 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
ATX LTD
UNIT B 7FL RICHWEALTH INDUSTRIAL BLDG 77-87 WANG LUNG ST
TSUEN WAN NEW TERRITORIES,
TEL : 852-23081012
FAX : 852-23937912
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 28, 2000
REGISTRATION NO. :
725615
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ALEX LEE (GENERAL MANAGER)
STAFF STRENGTH :
15
CAPITAL :
US$ 230,179
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 :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : HKD 7.82011 = US$1 AS OF 2007-7-19
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
===================
(1)
License number : 725615
Date issued : 28 July,
2000
Issuing authority : Companies
Registry
Type of license : Corporate
license
(2)
License number : 31139319-001
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
license
*Registrar*
=========
- EQ CORPORATE MANAGEMENT (HK) LTD
*Capital Details*
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Authorized capital : HKD 1,800,000.00 divided into 1,800,000 ordinary
shares of HKD 1.00/-each, fully paid
*Corporate & Organization Structure*
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Serves as BRITANNICA HOME FASHIONS DIVISION
*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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Any of the following director/corporate secretary can sign on behalf of
the company with seal affixed:
- Tladys Miu-ying Lui
- EQ SECRETARIES LTD
*Charge*
========
Total amount of indebtedness of the company in respect of all mortgages
and charges which registered in the Companies Registry amounted to HKD
482,313.31.
E-mail: alex@bhf-atx.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
3
Total number of ordinary shares : 1,800,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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Ms. Anita Yuen-man Ho 600,000 600,000.00 33.33
Mr. Kin-ming Li
600,000
600,000.00 33.33
Mr. Tladys Miu-ying Lui 600,000 600,000.00 33.33
*Directors' Details*
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(1)
Ms. Anita Yuen-man Ho
HKID no :
D488676(4)
Address : Flat A 13Fl Flora Garden -
Block 1,
(2)
Mr. Kin-ming Li
HKID no :
D266613(9)
Address :
Flat D 12Fl
(3)
Mr. Tladys Miu-ying Lui
HKID no :
D271792(2)
Address : 21A
Wing Ning Bldg 17 Cheung Fat St Cheung Sha Wan
*Company Secretary*
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(1)
EQ SECRETARIES LTD
Address : 31Fl The Center 99 Queen's Rd
CR no : 99444
(2)
EQUITY TRUST LTD
Management: Mr. Alex Lee, General Manager
Name Nationality Job Description
Mr. Alex Lee
*Key Personnel*
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Mr. Alex Lee
E-mail :
alex@bhf-atx.com
*Main Products & Services*
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Specializes in trading a range of home textile bedding products.
Products: Bed sheets sets
Comforters
Pillows
Quilts
Textile bedding
*Payment Terms*
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Sales
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Local : Cash or Credit
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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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 57
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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.
SC is considered a normally advancing concern with steady customers and good
base to meet its trade engagements. A credit line up to USD50,000 would appear
to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2399 Fabricated
textile products,
Trading 2515 Mattresses
and bedsprings
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9404 Mattress
supports; articles of bedding etc
Trading 9404901000 Pillows,
cushions and similar furnishing of cotton
Trading 9404904000 Pillows,
cushions, and similar furnishing
Trading 9404908010 Quilts,
eiderdowns, comforters and similar articles
Trading 9404909010 Quilts,
eiderdowns and comforters of cotton
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
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%)