MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
COSMOSS VU LTD |
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Registered Office : |
Unit A-1 11fl Success Commercial Bldg 245-251 Hennessey Rd Wanchai, |
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Country : |
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Date of Incorporation : |
18.08.2005 |
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Com. Reg. No.: |
0990436 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in exporting wide range of chemicals, garments and food
additives |
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 : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
COSMOSS VU LTD
UNIT A-1 11FL SUCCESS COMMERCIAL BLDG
TEL : 852-37410357
FAX : 852-37410356
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 18, 2005
REGISTRATION NO. :
0990436
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 12,788
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 :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82303 = US$1 AS OF 2007-7-25
*Company Registration*
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License number : 0990436
Date issued :
18 August, 2005
Issuing authority : Companies Registry
Type of license : Corporate
License number : 35938274-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Office & Facilities*
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Other tel no :
37410358
*Capital Details*
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Authorized capital : HKD 100,000.00 divided into 100,000 ordinary 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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Mr. Balkrishnan Subramanyan can sign on behalf of the company with seal
affixed.
*Registrar*
=========
MULTI-CHECK LTD
E-mail: sales@cosmossvu.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares :
100,000
Shareholders' Name No of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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Mr. Kalyani Gurumani Subramanyan 50,000 50,000.00 50.00
Mr. Balkrishnan Subramanyan 50,000
50,000.00
50.00
*Directors' Details*
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Mr. Kalyani Gurumani Subramanyan
HKID number : P641357(2)
Address : Rm
Mr. Balkrishnan Subramanyan
HKID number : P537378
Address : Rm
*Company Secretary*
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Mr. Kalyani Gurumani Subramanyan
HKID number : P641357(2)
Address : Rm
Management: Ms. Rosemarie Ho,
Representative
Ms. Arlyn Centeno, Representative
Name Nationality
Job Description Dept. / Division
Ms. Rosemarie Ho
Ms. Arlyn Centeno
*Main Products & Services*
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Specializes in exporting wide range of chemicals, garments and food
additives.
Products:
Additives
Caustic soda
Chemicals
Citric acids
Dyes
*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
*Local Distribution Network*
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5% of the annual turnover is attributed to local sales.
*Export Markets*
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95% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING :3 OBTAINED SCORES : 51
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Financial Summary (Currency:
=============================
Year Sales Assets Net Income
2006 $200,000.00 n/a n/a
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2006 n/a $190,000.00
$190,000.00
SC was established recently in a small size. It is considered a credit
line up to USD 10,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300
Apparel/Other Textile
Products
Trading 2389
Apparel and accessories,
Trading 2816
Inorganic pigments
Trading 2869
Industrial organic
chemicals,
Trading 2899
Chemical preparations,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2847
Hydrogen peroxide,
whether/not solidified w/ urea
Trading 2815110000
Solid sodium hydroxide (caustic
soda)
Trading 2815200000
Potassium hydroxide (caustic potash)
Trading 2918140000
Citric acid
Trading 2922421000
Monosodium glutamate
Trading 3204170000 Pigments
& preparations based thereon
Trading 3206100000 Pigments and preparations based on
titanium dioxide
Trading 3823903200
Mixtures of hydrosulfite compounds,
of sulfoxylate compounds or of both
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6114
Garments, knitted or
crocheted
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trader Food additives
Trader Citric acids
Trader MSG (monosodium glutamate)
Trader Fine chemicals
Trader Dyes
Trader Pigments
Trader Chemicals
Trader Additives
Trader Dyestuff
Trader Industrial supplies
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
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%)