MIRA INFORM REPORT

 

 

Report Date :

28th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

HONG KONG E-KOMS INC LTD

 

 

Registered Office :

Unit 11, 8fl Siu Wai Industrial Centre 33, Wing Hong St Kowloon, Hong Kong.

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.11.2001

 

 

Com. Reg. No.:

777388

 

 

Legal Form :

Private Company

 

 

Line of Business :

Engaged in trading plastic products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 50,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 


 

Company Name & Address

 

HONG KONG E-KOMS INC LTD

UNIT 11, 8FL SIU WAI INDUSTRIAL CENTRE 33, WING HONG ST KOWLOON, HONG KONG

TEL      :852- 61205871 

FAX      :852-23364930

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE            : NOVEMBER 26, 2001

REGISTRATION NO.                  : 777388

LEGAL FORM                           : PRIVATE

CHIEF EXECUTIVE                    : N/A

STAFF STRENGTH                    : 3

CAPITAL                                   : US$ 1,287

BUSINESS LINE                        : TRADER

TURNOVER                              : N/A (AS OF DEC. 31, 2005)

EQUITIES                                 : N/A (AS OF DEC. 31, 2005)

PAYMENT                                : AVERAGE

RECOMM. CREDIT RANGE       : UP TO USD 10,000

MARKET CONDITION                : COMPETITIVE

FINANCIAL CONDITION             : N/A

OPERATIONAL TREND  : FAIRLY STEADY

GENERAL REPUTATION           : AVERAGE

EXCHANGE RATE                     : TWD 32.94380 = US$1 AS OF 2007-2-28

 

Adopted abbreviations:

ANS - amount not stated           

NS - not stated 

SC - subject company (the company inquired by you)

NA - not available          

M - million        

HKD –Hong Kong Dollars

 

Rounded Rectangle: HISTORY 

 

 

 

 


*Company Registration*

===================

(1)License number         : 777388

Date issued                   : 26 November, 2001

Issuing authority            : Companies Registry

Type of license              : Corporate

 

(2)License number         : 32376871-000

Issuing authority            : Business Registration Office - Inland Revenue Dept

Type of license    :         Business 

 

*Capital Details*

=============

Authorized capital          : HKD 10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid

 

*Approved Signatures*

=================

Only Mr. Gladys Guo-ping Hu can sign on behalf of the company with seal affixed.

 

*Reputation*

==========

Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.

 

Rounded Rectangle: WEB SITE 

 

 

 


SC is not known to host website of its own at present.

 

 

Rounded Rectangle: LITIGATION 

 

 


For the past two years there is no record of litigation.

 

 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 

 


*Major Shareholders*

=================

Total number of shareholders      : 3

Total number of ordinary shares : 10,000

 

Shareholders' Name                               No. of Ordinary Shares       Amount of Shares (HKD)    % of Shares

--------------------------                                  -------------------------------   ----------------------------------      ----------------

JIANGYIN SHI YI MA JI DIAN CO LTD                    4,000                                   4,000.00                      40

Ms. Gladys Guo-ping Hu                                           3,000                                   3,000.00                      30

Mr. Jun Ma                                                                 3,000                                   3,000.00                      30

 

*Director's Details*

===============

(1)

Mrs. Gladys Guo-ping Hu

HKID no.           : P311151(6)

E-mail               : gladyswu03@yahoo.com

Address            : Unit 11, 8Fl Siu Wai Industrial Centre 29-33 Wing Hong St Kowloon Hong Kong

Relationship      : Wife of Mr. Jun Ma

 

(2)

Mr. Jun Ma

HKID no.           : P346524(5)

Address            : Unit 11, 8Fl Siu Wai Industrial Centre 29-33 Wing Hong St Kowloon Hong Kong

Relationship      : Husband of Mrs. Gladys Guo-ping Hu

 

Corporate Director

-------------------------

JIANGYIN SHI YI MA JI DIAN CO LTD

 

*Company Secretary*

=================

Mrs. Gladys Guo-ping Hu

HKID no.           : P311151(6)

E-mail               : gladyswu03@yahoo.com

Address            : Unit 11, 8Fl Siu Wai Industrial Centre 29-33 Wing Hong St Kowloon Hong Kong

Relationship      : Wife of Mr. Jun Ma 

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


*Main Products & Services*

=====================

Specializes in trading plastic products. 

 

*Payment Terms*

=============

Sales

-------

Local : Cash or Credit

 

Purchases

--------------

Local : Cash or Credit

 

*Local Distribution Network*

=======================

100% of the annual turnover is attributed to local sales. 

 

*Export Markets*

=============

There is no record of export since the prime focus of the firm's activity is concentrated on local sales only. 

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


*LOCAL BRANCHES & MANAGEMENT*

=================================

Branch                          : HONG KONG E-KOMS INC LTD - CENTRAL

Branch Address             : Rm 1302-3 Crocodile House 11-55 Connaught Rd Central, Hong Kong, 

 

Company Name             : SHANGHAI E-KOMS INC

Address                        : Shanghai China

Country                         : China

Relationship                  : Affiliate

Legal Form                    : Private Limited Company

Company Type              : Trader

Industry                         : Plastics & Products

 

 

Rounded Rectangle: PAYMENT 

 

 

 


PAYMENT RATING       :3                OBTAINED SCORES          : 52

Rating Key

Implication

Implications

1

Scores 85–100

Excellent

2

Scores 75 – 84

Above Average

3

Scores 50 – 74

Average

4

Scores 35 – 49

Fair

5

Scores 15 – 34

Below Average

6

Scores 01 – 14

Poor

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.

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS 

 

 


As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

 

 

Rounded Rectangle: REMARKS 

 

 

 


Over the past 6 years, SC has made a stable growth with satisfactory profit. It is considered a credit line up to USD 50,000 appears to be within SC’s capacities.

 

 


 

ATTACHED: TRADE REFERENCES

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY 

Activity             Code                Product/Service Description

Trading              3089                 Plastics products,

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY 

Activity             Code                Product/Service Description

Trading              3926                 Articles of plastics (inc polymers & resins)

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY 

Activity Product/Service Description

 

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

 


 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions