MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL LEATHER PRODUCTS MANUFACTURERS LTD |
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Registered Office : |
Unit 2720, 27fl Metropole Square 2 On |
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Country : |
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Date of Incorporation : |
April 27, 1995 |
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Com. Reg. No.: |
0512745 |
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Legal Form : |
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Line of Business : |
Trading of leather products which are manufactured by its Export and local sales of leather products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To US$ 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
UNIVERSAL LEATHER PRODUCTS MANUFACTURERS LTD
UNIT 2720, 27FL METROPOLE SQUARE
SHEK MUN SHATIN NEW TERRITORIES,
TEL : 852 26755261
FAX : 852 26754178
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 27, 1995
REGISTRATION NO. :
0512745
CHIEF EXECUTIVE :
MR. EDWIN NG (GENERAL MANAGER)
STAFF STRENGTH :
30
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 :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.82158 = US$1 AS OF 2007-7-24
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*
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License number : 0512745
Date issued : 27 April,
1995
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 19047019-000
Date issued : N/A
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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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 can sign on behalf of the company with seal affixed
:
- Suk-Kuen Keybut Wong
- Man-Chun Chu
E-mail : edwin@universal72.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 shareholders : 3
Shareholders' Name
Amount of shares (HKD)
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Man-Chun Chu
5,000.00
Chi-Hing Cheung 4,000.00
Yuk-Yin Wong 1,000.00
*Director's Details*
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Chi-Hing Cheung
ID Number : C404993(2)
Address : Flat K, 2Fl
Man-Chun Chu
ID Number : C422519(6)
Address : Flat K, 2Fl
Yuk-Yin Wong
ID Number : C507340(3)
Address : Flat K, 2Fl
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Edwin Ng
Mr. Suk-Kuen Keybut Wong
*Key Personnel*
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Suk-Kuen Keybut Wong
ID Number : K082219(1)
Address : Flat K, 2Fl
Kong
Mr. Edwin Ng
Email : edwin@universal72.com.hk
Responsibility : Handles the
daily operations of the firm.
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading of leather products which are manufactured by its
2. Export and local sales of leather products.
Products : Leather handbags
Leather
products
*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 : 50
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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.
*Bank Details*
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Bank name : BANK OF
Branch : Bank Of
Swift code : BKCHHKHH
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 12 years history. 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 3100 Leather
and Leather Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4200 Articles
of leather, saddlery & harness, travel goods, handbags, articles of gut
Trading 4202213000 Handbags
of reptile leather
Trading 4202290000 Handbags
outer surface not of leather, composition leather, or patent leather, not
of
plastic sheeting or textile materials
Trading 4203104090 Other
articles of apparel, of leather or composition leather
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
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%)