MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
C J FIBRE CO |
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Registered Office : |
Rm B 15FL Chang Pao Ching Bldg, 427-429 Hennessey Rd
Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
August 28, 2002 |
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Com. Reg. No.: |
32921674-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading a range of textile fibers and silk. |
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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Maximum Credit Limit : |
Up To USD 8,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
C J FIBRE CO
RM B 15FL CHANG PAO CHING BLDG
427-429 HENNESSEY RD WANCHAI, HONG KONG.
TEL : 852-34279838
FAX : 852- 34279222
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 28, 2002
REGISTRATION NO. :
32921674-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. DENNY CHOWN-JIN HUI (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 8,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78133 = 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 Name*
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Also known as : C. J. FIBRE CO (English name)
*Office & Facilities*
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Previous address : Rm C 8Fl Wing
Hong Center 18 Wing Hong St Cheung Sha Wan Kowloon Hong Kong
*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.
E-mail: sales@cjfibre.com.hk
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Company Secretary*
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Ada Ng
Address : Rm C 8Fl Wing Hong
Centre 18 Wing Hong St Cheung Sha Wan Kowloon Hong Kong
*Key Personnel*
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Denny Chown-jin Hui
Founder : Sole
founder
HKID no : D6321551
Address : Rm B 8Fl Smith
Court 83 Smithfield Rd Hong Kong Hong
Kong
Responsibilities : Handles the
overall management of the company
E-mail :
denny@cjfibre.com.hk
*Main Products & Services*
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Specializes in trading a range of textile fibers and silk.
Products: Cotton fabrics
Denim fabrics
Grey fabrics
Industrial
fabrics
Jeans fabrics
*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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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central, Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2006 $256,739.41 n/a n/a
SC is considered small-sized in its line with a 5 years history. A credit
line up to USD 8,000 would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2221 Broad
woven fabrics, manmade fibers and silk
Trading 2253 Knit
outerwear
Trading 2262 Finish
Man Fiber/Silk Fabric
Trading 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100090 Articles
of apparel
Trading 5000 Silk,
inc. yarns & woven fabrics thereof
Trading 5007 Woven
fabrics of silk or silk waste
Trading 5200 Cotton,
inc. yarns & woven fabrics thereof
Trading 5212 Woven
cotton fabrics
Trading 5911 Textile
products etc. for specific tech uses
Trading 6000 Knitted
or crocheted fabrics
Trading 6001 File
fabrics, knitted or crocheted
Trading 6001210000 Looped
pile fabric, and terry fabrics, of cotton, knitted or crocheted
Trading 6002 Knitted
or crocheted fabrics
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Industrial
fabrics
Trader T/R staple
interweave fabrics
Trader Knitting
fabrics
Trader Wool fabrics
Trader Silk fabrics
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
Importing from Europe
Importing from Germany
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%)