MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
TUNG YUNG INT'L LTD |
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Registered Office : |
Rm 509-511, 5fl Kwong Sang Hong Center |
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Country : |
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Date of Incorporation : |
December 13, 1977 |
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Com. Reg. No.: |
57210 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading various ranges of stationery and office supplies. |
RATING & COMMENTS
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MIRAs 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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TUNG YUNG INT'L LTD
RM 509-511, 5FL KWONG SANG HONG CENTER
KWUN TONG
TEL : 852-27501188
FAX : 852-27960577
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 13, 1977
REGISTRATION NO. :
57210
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. SIU-LEUNG CHAN(CHAIRMAN)
STAFF STRENGTH :
50
CAPITAL :
US$ 12,804,097
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : 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
*Company Registration*
==================
(1)
License number : 57210
Date issued : 13
December, 1977
Issuing authority : Companies
Registry
Type of license : National
Company License
Legal form : Limited
Liability Company
(2)
License number : 05412901
Date issued : 13
December, 1977
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : National
Business License
*Company Name*
=============
Incorporated as : TUNG
YUNG STATIONERY MANUFACTORY LTD
Date of incorporation : 13
December, 1977
Changed name to : TUNG YUNG
INT'L LTD
Date of change : April
2007
*Office & Facilities*
================
Other contact details
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Email address : tungyungs@b21.buyingsources.com
Website :
www.buyingsources.com/h/t/tungyungs.html
*Capital Details*
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Authorized capital : HKD 1,00,000,000.00
Paid-up capital : HKD 32,000,000.00
divided into 32,000 ordinary shares at HKD 1,000.00/-each
*Registrar*
=========
Leung-chan Liu
*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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Ms. Eva Man-har Chan can sign on behalf of the company with seal
affixed.
Web
site: www.eagle-tungyung.com
The design is professional and the content is well
organized. At present it is in English version.
E-mail: eagle@eagle-tungyung.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 5
Total number of ordinary shares : 32,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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Mr. Siu-leung Chan
26,656 26,656,000.00 83.30
Ms. Eva Man-har Chan
1,500
1,500,000.00 4.69
Mr. Johnny Chung-hang Chan 1,500
1,500,000.00 4.69
Mr. Jackson Chung-keung Chan 1,500
1,500,000.00 4.69
Mr. James Chung-hong Chan 844
844,000.00 2.64
*Directors' Details*
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(1)Jackson Chung-keung Chan
HKID no : G227356(9)
Address : 29 Fl Tower 10 - Block D
park Ave Hoi Ting Rd Tai Kok Tsui Kowloon Hong Kong
(2)Eva Man-har Chan
HKID no : E839893(7)
Address : Unit 1, 9Fl
(3)Johnny Chung-hang Chan
HKID no : G095517(4)
Address : Flat A 8Fl Block C 11
Ho Man tin Mill Rd Kowloon Hong Kong
*Company Secretary*
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Eva Man-har Chan
HKID no : E839893(7)
Address : Unit 1, 9Fl
Name Nationality Job Description
Mr. Daniel Ng
*Key Personnel*
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Siu-leung Chan
HKID no : B987489(0)
Address : Flat A 8Fl
Block C 11 Ho Man Tin Hill Rd Kowloon Hong Kong
Responsibility : Handles the overall management of the company.
*Main Products & Services*
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Specializes in trading various ranges of stationery and office supplies.
Products also include:
- Dual tone designed staple remover
- 2 Holes economy heavy duty iron punch
- 3 Holes adjustable iron punch
- 2 Holes mini iron punch
- A4 size clear report cover
- Deluxe bookend with built-in non-skid base
Carries the following brands :
- Maped
- Alco
- Target
- Wallmark
- K-mart
- Main Stay
- Texco
- Tchibo
- Office Dipol
Products: Address books
Ballpens
Binders
Bookstands
Business cards
*Brand*
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Eagle
*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)
*Quality Certification*
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Type of certification : ISO 9002
Year issued : 1998
Issuing authority : National
Accreditation of Certification Bodies (BVQI)
Certificate number : 44297
Year of certification :
1997
*Exhibition Participation*
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(1)Exhibition fair : Hong Kong
Gifts & Premium Fair
Date attended : 12-15 April, 1999
Location :
(2)Exhibition Fair :
Date attended : 17-20 April,
2000
Location :
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains production facilities in Panyu, Guangdong China, occupying a total
surface area of over 50,000 sq. meters accommodating 20 production lines and divisions for mold making, metal
pressing, plastic injection and plating, with 1,500 well-trained workers.
Maintains sales offices in major cities and coastal trading centers in
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Also maintains a factory in
*Strategic Partners & Alliances*
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Business partner : CHE SAN & CO LTD
*OVERSEAS AGENTS AND DISTRIBUTORS*
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Agent : GATTEGNO MORIS SA
Country of Origin :
Product Description : Office supplies
Brand : Eagle
Year : 2004
Agent : GATTEGNO MORIS SA
Country of Origin :
Product Description : Office supplies
Brand : Eagle
Year : 2004
PAYMENT RATING : 3 OBTAINED SCORES : 65
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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.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
*Bank Details*
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Bank Name : HSBC PRIVATE BANK (SUISSE) SA
Branch : Central,
Branch Address : Level 13 & 14 HSBC Main Bldg 1 Queen's Rd
SWIFT Code : BLICHKHK
*Financials*
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As a limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
SC is considered an old-established business with acceptable financial
base to meet moderate amount of credit dealings.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5112 Stationery
& Office Supplies
Trading 2678 Stationery
products
Trading 3572 Computer
storage devices
Trading 3951 Pens,
mechanical pencils, and parts
Trading 3952 Pencils,
office, and art supplies
Trading 5044 Office
Equipment
Trading 5112 Stationery
& Office Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 4820900000 Blotting
pads, book covers (including cover board and book jackets) and articles
of
stationery, of paper or paperboard
Exporting 8303 Safes,
cash or deed boxes etc & parts, base metal
Exporting 8303000000 Armored
or reinforced safes, strong-boxes and doors and safe deposit lockers for
strong-rooms,
cash or deed boxes etc and parts, of base metal
Service 9960 Export
trading / management company
Trading 4817 Envelopes,
postcards etc & boxes etc of stationery
Trading 4817300000 Boxes,
pouches, wallets and writing compendiums, of paper or paperboard,
containing
an assortment of paper stationery
Trading 4820500000 Albums
for samples or for collections, of paper or paperboard
Trading 4820900000 Blotting
pads, book covers (including cover board and book jackets) and articles
of
stationery, of paper or paperboard
Trading 8303 Safes,
cash or deed boxes etc & parts, base metal
Trading 8303000000 Armored
or reinforced safes, strong-boxes and doors and safe deposit lockers for
strong-rooms,
cash or deed boxes etc and parts, of base metal
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trading Card boxes
Trading Cash boxes
Trading Children stationery sets
Trading Classic colour sticky notes
Trading Clip files
Trading Clipboards
Trading Computer diskette storage boxe
Trading Desk organizers
Trading Display books
Trading Document cabinet
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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 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%)