MIRA
INFORM REPORT
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Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
WELL LEADER DEVELOPMENT LTD |
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Registered Office : |
Flat N 3FL Ka On Bldg, 8-14 Connaught Rd West |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 31, 1989 |
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Com. Reg. No.: |
0247444 |
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Legal Form : |
Private |
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Line of Business : |
Trading of men's and boy's clothing and furnishings. |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To USD 30,000 |
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Status : |
Undetermined |
name & address
WELL LEADER DEVELOPMENT LTD
FLAT N 3FL KA ON BLDG
8-14 CONNAUGHT RD WEST, HONG KONG
TEL : 852-28543122
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MARCH
31, 1989
REGISTRATION NO. :
0247444
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
30
CAPITAL :
US$ 256,739
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 30,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78531 = 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 : 0247444
Date issued : 31 March,
1989
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 12731651-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD
2,000,000.00 divided into 2,000,000 ordinary shares at HKD 1.00/-each, fully
paid
*Registrar*
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ACTION SECRETARIES LTD
*Reputation*
==========
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 shareholder
: 1
Total number of ordinary shares : 2,000,000
Shareholder's Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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-----------------------------------
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Suan-suan Sy
2,000,000
2,000,000.00
100.00
*Director's Details*
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Suan-suan Sy
National ID no. :
D598729(7)
Address :
Flat B2 Maiden Court 46 Cloudview Rd, North Point, Hong Kong
*Company Secretary*
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Suan-suan Sy
National ID no. : D598729(7)
Address :
Flat B2 Maiden Court 46 Cloudview Rd, North Point, Hong Kong
SC’s management background details are not available at present.
*Main Products & Services*
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Specializes in trading of men's and boy's clothing and furnishings.
Products: Men's & boy's clothing
*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.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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 MODERATE
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.
SC is considered an old-established business in small size. Taking into
consideration of SC’s general performance, a credit line up to USD 30,000 would
appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2329 Men's and
boys' clothing,
Trading 5136 Clothing
& Furnishing, male
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 6114200055 Men's
or boys' other garments, knitted or crocheted, of cotton: other apparel
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%)