MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SINO HERO FOODS LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
April 6, 2005 |
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Com. Reg. No.: |
0961003 |
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Legal Form : |
Private |
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Line of Business : |
Trading a wide range of food and related 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 : |
USD 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
SINO HERO FOODS LTD
TEL : [+852] 28367241
FAX : [+852] 28367261
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL. 6, 2005
REGISTRATION NO. :
0961003
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82170 = USD1 AS OF 2007-7-27
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 :
0961003
Date issued
: 6 April, 2005
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
35513068-000
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Share value
: HKD 1.00/-each
Authorized capital :
HKD 10,000.00
Paid-up capital
: HKD 1,000.00
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
==================
Only Mr. Samir Kumar can sign on behalf of the company with
seal affixed.
Web
site: www.sinoheroltd.com
SC’s website is unable to be
landed at present for the technical reason.
Email : samk@sinoheroltd.com
For the past 2 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 1,000
Shareholders' Name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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Samir Kumar 900 900.00 90.00
Juhi Prabhatkumar Datta 100
100.00 10.00
*Director's Details*
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(1)
Samir Kumar
Founder : Co-Founder
National ID no. :
P417388(4)
Address
: 12C
E-mail address :
samk@sinoheroltd.com
Work experience : Founder & Director, FRONTIER FOODS LTD
(2)
Philip Hung-yuen Wong
HKID no. : D426824(6)
Address : 15Fl Radio
City
Tel no. : 28935915
Fax No. : 35790465
Shareholders' Details
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Juhi Prabhatkumar Datta
Address : 12C
*Main Products & Services*
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Specializes in trading a wide range of food and related
products.
Carries the brand name Alphonso.
Products : Bakery ingredients
Bakery products
Bulk
chocolates
Butter oil substitutes
Cheese
*Payment Terms*
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Sales
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Local : Cash or
Credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
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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Majority of the annual turnover is attributed to local
sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains offices in
*Strategic Partners & Alliances*
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Group name : SINO
HERO INT'L GROUP
Details :
The group is engaged in providing the following services to
- Original equipment manufacturing
- Original design manufacturing
- Packaging and printing services
- Food and beverage import & export
- Consultancy services for companies entering
*IMPORTER AGENCY LISTING*
==========================
Supplier :
Country of Origin :
Product Description : Butter
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Butter
Brand : Amul
Year : 2006
Supplier : LOWE CORP LTD
Country of Origin :
Product Description : Butter oil substitutes
Brand : Lowe
Year : 2006
Supplier : LOWE CORP LTD
Country of Origin :
Product Description : Butter oil substitutes
Brand : Lowe
Year : 2006
Supplier :
Country of Origin :
Product Description : Cheddar cheese
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Cheddar cheese
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Mozzarella cheese
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Mozzarella cheese
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Processed cheese slices
Brand : Amul
Year : 2006
Supplier :
Country of Origin :
Product Description : Processed cheese slices
Brand : Amul
Year : 2006
Supplier : MTR FOODS
Country of Origin :
Product Description : Ready-to-eat meals
Brand : MTR
Year : 2006
Supplier : MTR FOODS
Country of Origin :
Product Description : Ready-to-eat meals
Brand : MTR
Year : 2006
Supplier : CHALLENGE DAIRY COOP
Country of Origin :
Product Description : Wexed cheeses
Brand : Challenge
Year : 2006
Supplier : CHALLENGE DAIRY COOP
Country of Origin :
Product Description : Wexed cheeses
Brand : Challenge
Year : 2006
Supplier : PREMIUM AUSTRALIAN
Country of Origin :
Product Description : Wines
Brand : Three Roos
Year : 2006
Supplier : PREMIUM AUSTRALIAN
Country of Origin :
Product Description : Wines
Brand : Three Roos
Year : 2006
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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 private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Basement
Level HSBC Main Bldg 1 Queen's Rd
Swift code : HSBCHKHH
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
A credit line up to USD 10,000 would appear to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 0179 Fruits and tree nuts
Trading 2000 Food and Kindred Products
Trading 2022 Cheese, natural and processed
Trading 2037 Frozen fruits, fruit juices, and vegetables
Trading 2051 Bread and other bakery products, other than frozen
Trading 2066 Chocolate and cocoa products
Trading 2077 Animal and marine fats and oils
Trading 2079 Shortening, table oils, margarine and other edible
fats and oils
Trading 2084 Wines, brandy, and brandy spirits
Trading 2095 Roasted coffee
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 0405207000 Dairy products
Trading 0406 Cheese and curd
Trading 0900 Coffee, tea, mate & spices
Trading 1500 Animal or vegetable fats, oils &
waxes
Trading 1806 Chocolate & other food products
containing cocoa
Trading 1905901080 Bread, biscuits and other similar baked products
Trading 1905901090 Biscuits and other similar baked products
Trading 2008994000 Mangoes, prepared or preserved
Trading 2009 Fruit juices (& grape must) & veg
juice, no spirit
Trading 2106 Food preparations
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Ready-to-eat
meals
Trader Dairy
products
Trader Oil
Trader Fats
Trader Bakery
ingredients
Trader Organic
juices
Trader Organic
coffee
Trader Butter
oil substitutes
Trader Mango
pulp
Trader Wines
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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%)