MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
CANUS CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
December 12, 1999 |
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Com. Reg. No.: |
30642327-000 |
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Legal Form : |
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Line of Business : |
Trading wide range of leather goods.
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RATING & COMMENTS
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MIRA’s 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 5,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
CANUS CO
TEL : 852 23845977
FAX : 852 23322681
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 12, 1999
REGISTRATION NO. :
30642327-000
CHIEF EXECUTIVE :
MR. CHAN (DIRECTOR)
STAFF STRENGTH :
7
CAPITAL :
N/A
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
EXCHNAGE RATE :
HKD 7.81167 = US$1 AS OF 2007-6-5
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 : 30642327-000
Date issued : 12
December, 1999
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form :
Partnership Company
*Office & Facilities*
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Previous Contact Details
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Address : Flat 19, 8Fl Wah Luen Industrial
Centre - Block A
Shatin New Territories
Tel no. :
26468982
Fax no. :
26478955
Date of relocation : April,
2007
*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.
E-mail : cpc@chinapluscanus.com.hk
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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Partners' Name
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Wai-tak Chan
Jennifer Yuk-chun Ng
*Company Directors*
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Based on corporate filing regulations for this type of entity in
*COMPANY MANAGEMENT*
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Name Nationality Job Description Dept. / Division
Mr. Chan
Mr. Wai-tak Chan Hong
Kong Partner -
Ms. Jennifer Yuk-chun Ng Hong
Kong Partner -
*Key Personnel*
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Wai-tak Chan
Founder : Co-founder
HKID no. : E9627166
Address : Flat D, 33Fl Ma On
Shan Center-Block 1, Ma On Shan, New Territories
Jennifer Yuk-chun Ng
Founder : Co-founder
HKID no. : G4056166
Address : Flat D, 33Fl Ma On Shan
Center-Block 1, Ma On Shan, New Territories
*Main Products & Services*
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Specializes in trading wide range of leather goods.
Products : Auto finish leathers
Finished leather
Leather goods
Leather,
scrap
*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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Small percentage of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 45
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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.
*Bank Details*
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Bank name : BANK OF
COMMUNICATIONS
Branch :
Branch Address : Bank of
Communications Tower
Swift code : COMMHKHH
As a partnership firm there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 8
years. It is considered a credit line up to USD 5,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3100 Leather
and Leather Products
Trading 3111 Leather,
tanned or finished
Trading 3199 Leather
goods
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4110 Leather
waste; leather dust, powder and flour
Trading 4205 Articles
of leather
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
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%)