MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZHAOHENG STEEL LTD |
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Registered Office : |
Unit 05, 3FL Mirror Tower 61 Mody Rd, Tsimshatsui East
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 1, 2007 |
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Com. Reg. No.: |
1106917 |
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Legal Form : |
Private |
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Line of Business : |
Engaged in the trading wide range of alloy steel. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
New and Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
name & address
ZHAOHENG STEEL LTD
UNIT 05, 3FL MIRROR TOWER 61 MODY RD
TSIMSHATSUI EAST KOWLOON, HONG KONG.
TEL: 852-27873355
FAX: 852-21520026
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 1, 2007
REGISTRATION NO. :
1106917
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75406 = US$1
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
*Company Registration*
===================
(1)
License number : 1106917
Date issued : 1
February, 2007
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 37612040-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 1,000,000.00 divided into 1,000,000 shares at
HKD 1.00/-each
*Reputation*
==========
Due to the recent incorporation of the firm, and the relatively small nature
of it's business, no meaningful points of reference in terms of reputation
within the respective industry was possible.
*Approved Signatures*
===================
Only Ms. Qiao-li Zhou can sign on behalf of the company with seal
affixed.
www.zhaohengsteel.com The
design is professional and the content is well organized. At present it is in
English version.
E-mail: info@zhaoheng.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders :
2
Total number of shares
: 1,000,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- -------------------- ---------------------------------- -------------
ZHAOHENG HOLDINGS LTD
900,000 900,000.00 90.00
Mr. David Che 100,000 100,000.00 10.00
*Director's Details*
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(1)
Mr. David Che
New Zealand Passport no. :
AB592950
Address
: Rm 506, Block 7, 465 Xinhua Rd, Shanghai China
Date of Appointment : 2
February, 2007
(2)
Mr. Qiao-li Zhou
HKID no. :
R248785(2)
Address : Unit
C 10Fl Tower 6 Deerhill Tower TPTL 135 Tai Po Rd, Tai Po, New Territories
Date of Appointment : 2 February, 2007
*Company Secretary*
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ARIOS MICAH RESOURCES LTD
C. R. no. : 332938
Address : 18Fl On
Hong Commercial Bldg 145 Hennessey Rd Wanchai Hong Kong
Date appointed : 2 February,
2007
SC declined to release its management background at present.
*Main Products & Services*
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Engaged in the trading wide range of alloy steel.
Products: Alloy steels
Alloy tool,
steel
Carbon tool
steel
Cold working die
steel
Die steel
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*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.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : SHENZHEN ZHAOHENG STEEL CO LTD
Address : Unit A, 17Fl Jinfengcheng Bldg 5015 Shennan East Rd Shenzhen
518010 Guangdong China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
PAYMENT RATING : 4 OBTAINED SCORES : 35
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established eight (8) months ago no
financials have been lodged.
SC was established recently in small size. Credit dealings with SC
should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3325 Steel Foundries,
NEC
Trading 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7224100030 Tool
steel ingots and other primary forms
Trading 7227 Bars
& rods alloy steel nesoi, hot-rolled irreg coils
Trading 7228 Alloy
steel nesoi bars, angles etc; hol dr st bars etc
Trading 7300 Articles
of iron or steel
Trading 8300 Miscellaneous
articles of base metal
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Hot working
die steel
Trader Cold working
die steel
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. |
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%)