MIRA
INFORM REPORT
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Report Date : |
15.10.2007 |
IDENTIFICATION DETAILS
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Name : |
KADO INDUSTRIAL CO LTD |
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Registered Office : |
Rm 501-503, 5FL Fonda Industrial Bldg 37-39 Au Pui Wan St
Fo Tan Shatin New Territories |
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Country : |
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Date of Incorporation : |
June 18, 1986 |
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Com. Reg. No.: |
0170626 |
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Legal Form : |
Private |
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Line of Business : |
Wholesale distribution of Cheatstix, SPS Shakers, Airplane refillable
salt & pepper Shakers, Fresh On-line, Logo Ice Cubes, Freeze-Me Logo
Icecubes, Tie Tamer, Handle Helper |
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 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KADO INDUSTRIAL CO LTD
RM 501-503, 5FL FONDA INDUSTRIAL BLDG 37-39 AU PUI WAN ST
FO TAN SHATIN NEW TERRITORIES, HONG KONG
TEL : 852-26057730
FAX : 852- 26910848
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 18, 1986
REGISTRATION NO. :
0170626
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JACKSON CHIK-SUM CHAN (CHAIRMAN)
STAFF STRENGTH :
50
CAPITAL :
US$ 64,185
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75370 = 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 –
*Company Name*
==============
Incorporated as : KADO
INVESTMENT LTD
Date of incorporation : 18 June,
1986
Changed name to : KADO
INDUSTRIAL CO LTD
Date of change : 29
October, 2003
*Company Registration*
===================
(1)
License number : 0170626
Date issued : 18 June,
1986
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 10436043-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Branch Registration
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License number : 10436043-003
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Office & Facilities*
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Other e-mail : - sales@kado-icl.com (Marketing Division)
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kanky@kado-icl.com
Previous Contact Details
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Address : Rm 506, 5Fl Fonda Industrial Bldg - Block 8,
37-39 Au Pui Wan St Shatin New Territories
Email : kadohk@ctimail.com
*Capital Details*
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Authorized capital : HKD 500,000.00 divided into 500,000 ordinary shares
of HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
==================
Only Mr. Jackson Chik-sum Chan can sign on behalf of the company with
seal affixed.
www.kado-icl.com the design is
professional and the content is well organized. At present it is in English
version.
E-mail: info@kado-icl.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 :
500,000
Shareholders' Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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---------------------------------
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Jackson Chik-sum Chan
255,000 255,000.00 51.00
Po-ling Lee Chan 245,000 245,000.00 49.00
*Director's Details*
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Po-ling Lee Chan
HKID no. : E389430(8)
Address : House 16
*Corporate Secretary*
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CS COMPANY SECRETARY LTD
C.R. number : 741770
Address : Rm 1910, 19Fl
Tuen Mun Parklane Square 2 Tuen Hi Rd, Tuen Mun, New Territories
Management: Mr. Jackson Chik-sum Chan, Chief Financial Officer
Name Nationality
Job Description
Mr. Jackson Chik-sum Chan
*Key Personnel*
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Jackson Chik-sum Chan
HKID no. : E225499(2)
Address : House 16
Email :
jacksonchan@fridge-to-go.com
Responsibility : Handles the overall management of the company.
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Exclusive manufacturer of
BRINCATTI REFILLABLE BOTTLES INC
2. Wholesale distribution of the
following products categories:
Premiums
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- Cheatstix
- SPS Shakers
- Airplane refillable salt & pepper Shakers
- Fresh On-line
- Logo Ice Cubes
- Freeze-Me Logo Icecubes
- Tie Tamer
- Handle Helper
Airline Supplies
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- Amenity Kit
- Salt & Pepper Shakers
- Acrylic Cruet Set
- Soap Dispenser
Hotel Amenities
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- Toiletry
- Customization
- Comb & mirror
- Shaving care
- Miscellaneous (PVC Bags, Swizzle Stick, Shower Cap, Tray and Dishes)
- Sewing Kit
- Shoehorn
- Plastic shoehorn
- Shoe Polish
- Slippers
Carries the brand, BRINCATTI.
Products: Airline amenities
Amenity kit
bags
Bottles
Chopsticks
*Brand*
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Fridge-to-go
The Broadmoor
Travel Care
*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)
*Exhibition Participation*
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Exhibition fair :
Date attended : 24-27 April, 2001
Location :
*Patents*
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Patent number :
6474095
Country of registration :
Date of registration : 5
November, 2002
Name :
Fridge-To-Go
Product : 'Fridge-To-Go'
Portable Extension of the Home Refrigerator
Details :
- Patent granted in
Africa and
- Patents pending in 7
countries.
- European patent published on 18 May, 2005
*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.
*Subsidiaries, Joint-ventures & Affiliates*
================================
Maintains factory in
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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 financial.
SC is considered small-sized in its line with a development history of
21 years. It is considered a credit line up to USD 20,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2841 Soap
and other detergents, except specialty cleaners
Trading 2842 Specialty
cleaning, polishing, and sanitary preparations
Trading 2844 Toilet
preparations
Trading 3085 Plastics
bottles, flasks, and similar articles
Trading 3089 Plastics
products,
Trading 3142 House
slippers
Trading 3999 Manufactured
articles,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3304990010 Cosmetic
creams, lotions, oils and balms
Trading 3305100000 Shampoos
Trading 3401200000 Soap
in other forms
Trading 3405900000 Polishes
and creams etc
Trading 3923300000 Carboxs,
bottles, flasks & similar articles, of plast
Trading 3924101000 Salt,
pepper, mustard & ketchup dispensers & similar dispensers, plastic
Trading 3926902000 Ice
bags, douche bags, enema bags, colostomy bags, hot water bottles, and
fittings
therefor, etc
Trading 6402993020 Other
footwear with outer soles and uppers of rubber or plastics: footwear with
open
toes or open heels; house slippers
Trading 9600 Miscellaneous
manufactured articles
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Amenity kit
bags
Trader Salt
shaker
Trader Pepper
shaker
Trader Soap
dispensers
Trader Toiletries
Trader Sewing sets
kit
Trader Shoe horn
Trader Shoe polish
Trader Slippers
Trader Bottles
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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. |
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%)