MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG LU FU SI TE INDUSTRIAL DEVELOPMENT LTD |
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Registered Office : |
Rm 1007, 10fl |
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Country : |
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Date of Incorporation : |
October 13, 2004 |
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Com. Reg. No.: |
0927409 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Believed to be engaged in trading coconut fiber. |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
HONG KONG LU FU SI TE INDUSTRIAL DEVELOPMENT LTD
RM 1007, 10FL HO KING CENTER
MONGKOK
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 13, 2004
REGISTRATION NO. :
0927409
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81810 = US$1 AS OF 2007-5-30
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
Note: The correct name of SC should be the heading one instead of the
given one-Hong Kong Lufu Site Industrial Development Co Ltd.
*Company Registration*
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(1)
License number : 0927409
Date issued : 13 October,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Company
(2)
License number : 34989614-000
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.
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 shareholder
: 2
Total number of ordinary shares : 10,000
Shareholders' Name
No of Ordinary Shares Amount of Shares (HKD) % of Shares
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Mr. Zhen-liang Wang
5,000
5,000.00
50.00
Mr. Xiao-yan Tan
5,000
5,000.00
50.00
*Director's Details*
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The following directors can be reached at Rm 1007, 10Fl
(1)Mr. Xiao-yan Tan
(2)Mr. Zhen-liang Wang
*Company Secretary*
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HKRTP LTD
C. R. no. : 663489
Address : Rm 1007, 10Fl
SC declined to release their management details at present.
*Operations Status*
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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*
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Believed to be engaged in trading coconut fiber.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85100 |
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.
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 : BANK OF EAST ASIA LTD
Branch :
Swift code : BEASHKHH
BASED ON
THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN POSSIBLE TO PREPARE A
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5159 Farm-Prdt
Raw Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5305110000 Coconut,
abaca, ramie and other vegetable textile fibers, raw or processed but
not
spun; tow, and waste of these fibers: raw coconut (coir)
Trading 5305910000 Coconut,
abaca, ramie and other vegetable textile fibers, raw or processed but
not
spun; tow, and waste of these fibers: raw ramie,
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 SCs 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%)