MIRA
INFORM REPORT
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Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PONTI TRADING LTD |
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Registered Office : |
Unit D 2FL Luk Hop Industrial Bldg |
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Country : |
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Date of Incorporation : |
June 22, 1971 |
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Com. Reg. No.: |
024262 |
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Legal Form : |
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Line of Business : |
Importing of a wide range of wine and food products. Retail and wholesale distribution to local market. |
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 US$ 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & ADDRESS
PONTI TRADING LTD
UNIT D 2FL LUK HOP INDUSTRIAL BLDG 8 LUK HOP ST SAN PO KONG
TEL : 852 23283218
FAX : 852 23225757
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 22, 1971
REGISTRATION NO. :
024262
CHIEF EXECUTIVE :
MR. ANTONIO YIN-LUN KOO (MANAGING DIRECTOR)
STAFF STRENGTH :
25
CAPITAL :
US$ 45,278
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 7.81543 = US$1 AS OF 2007-6-8
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 : 024262
Date issued : 22 June,
1971
Issuing authority : Companies
Registry
Legal form : Private
Company Having A Share Capital
Type of license : Corporate
License number : 03305910-000
Date issued : 22 June,
1971
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : CARDIN SHOP
LTD
Date incorporated : 22 June, 1971
Change name to : PONTI TRADING
LTD
Date of change : 4 January,
1994
*Capital Details*
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Paid-up capital : HKD 350,000.00
*Office & Facilities*
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Other Contact Details
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Fax no. : 23270262
E-mail : food@ponti-tdg.com
*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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Only Mr. Antonio Yin-lun can sign on behalf of the company with seal
affixed.
Website : www.ponti-tdg.com
SC’s
website is unable to be landed at present for the technical reason.
E-mail : general@ponti-tdg.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares :
3,500
Shareholders' Name No. of
Ordinary Shares % of Shares
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PONTI INT'L LTD
3,499
99.97
Mr. Daniel Shing-cheong Koo 1 0.03
*Director's Details*
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Mr. Daniel Shing-cheong Koo
HK ID no. : A217144(1)
Address : 2A
*Company Secretary*
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Corporate Secretary
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MARFAN & ASSOCIATES LTD
Address : 11Fl
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Antonio Yin-lun Koo Hong Kong Managing Director
*Key Personnel*
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Mr. Antonio Yin-lun Koo
HK ID no. : D634794(1)
Address : 41B
Responsibility : Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of a wide range of wine and food products.
2. Retail and wholesale distribution to local market.
Products : Beverages
Food
products
Beverages
Biscuits
Canned food
products
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Associations*
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Member of General Chamber of Commerce,
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*IMPORTER AGENCY LISTING*
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Supplier :
Country of Origin :
Product Description : Food products
Year : 1973
Supplier : MOSS WOOD PTY LTD
Country of Origin :
Product Description : Wines
Brand : MOSS WOOD
Year : 1973
Supplier : SHAFER VINEYARDS
Country of Origin :
Product Description : Wines
Brand : SHAFER
Year : 1973
Supplier : HAHNDORF HILL WINERY PTY LTD
Country of Origin :
Product Description : Wines
Brand : HAHNDORF HILL
Year : 1973
Supplier : JUNIPER ESTATE WINE
Country of Origin :
Product Description : Wines
Brand : JUNIPER
Year : 1973
Supplier : KATHY LYNSKEY WINES LTD
Country of Origin :
Product Description : Wines
Brand : Kathy Lynskey
Year : 1973
Supplier : KEMBLEFIELD ESTATE WINERY LTD
Country of Origin :
Product Description : Wines
Year : 1973
Supplier : WESTEND ESTATE WINES
Country of Origin :
Product Description : Wines
Year : 1973
PAYMENT RATING : 3 OBTAINED SCORES : 55
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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 : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered an old-established business in small size. It is
considered a credit line up to US$ 20,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2082 Malt
beverages
Importing 2084 Wines,
brandy, and brandy spirits
Importing 2099 Food
products
Importing 5182 Wine/Distilled
Alcohol Bev
Trading 0112 Rice
Trading 0132 Tobacco
Trading 0161 Vegetables
and melons
Trading 0179 Fruits
and tree nuts
Trading 0259 Poultry
and eggs
Trading 2032 Canned
specialties
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2106 Food
preparations
Importing 2200 Beverages,
spirits & vinegar
Trading 0400 Dairy,
eggs, honey, & ed. products
Trading 0405207000 Dairy
products
Trading 0409 Honey,
natural
Trading 0700 Edible
vegetables
Trading 0709 Vegetables
fresh or chilled
Trading 0712 Vegetables,
dried, whole, cut etc., no added prep
Trading 0713 Leguminous
vegetables, dried shelled
Trading 0800 Ed.
fruits & nuts, peel of citrus/melons
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Cereals
Trading
Trading Coffee
Trading Honey
Trading Tobacco
Trading Tea
Trading Sugar
Trading Spirits
Trading Spices
Trading Rice
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
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%)