MIRA
INFORM REPORT
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Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GOODWILL FAR
EAST CO |
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Registered Office : |
Rm 1107
Peninsula Centre 67 Mody Rd Tsimshatsui East |
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Country : |
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Date of Incorporation : |
December 14, 2000 |
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Com. Reg. No.: |
31456135-000 |
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Legal Form : |
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Line of Business : |
Acts as a buying office of any kinds of products required by its
affiliated company. |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
GOODWILL FAR
EAST CO
RM 1107
TSIMSHATSUI
EAST KOWLOON,
TEL : 852 23120488
FAX : 852 23664790
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 14, 2000
REGISTRATION NO. :
31456135-000
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
3
CAPITAL :
N/A
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.78117 = US$1 AS OF 2007-6-1
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 : 31456135-000
Date issued : 14 December,
2000
Issuing authority : Business
Registration Office - Inland Revenue Dept
*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.
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 : 2
Shareholder's Name %
of Shares
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Yogesh Kumar Puri
50.00
Pradip Hirala Sachanandani
50.00
*Key Personnel*
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(1)Yogesh Kumar Puri
National ID No : R016567A
Address : Rm 1107 Peninsula Centre 67
Mody Rd, Tsimshatsui East,
(2)Pradip Hirala Sachanandani
National ID No : R0128731
Address : Rm
1107 Peninsula Centre 67 Mody Rd, Tsimshatsui East,
*COMPANY DIRECTORS*
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Based on corporate filing regulations for this type of entity in
*Main Products & Services*
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Acts as a buying office of any kinds of products required by its
affiliated company situated in
Products : General
merchandise
Buying agent
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export to
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 42
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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 SMALL
amounts depending on individual judgement experience.
As a partnership company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Based on
the investigations performed, it has not been possible to prepare a normal credit
report on the company. Given the circumstances, caution is advised related to
dealings with persons claiming to represent such an entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3999 Manufactured
articles
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 9600 Miscellaneous
manufactured articles
Service 9960 Export
trading/management company
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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 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%)