MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Alameda Dr Carlos
D'Assumpcao no 335 a 341 Centro Comercial Hotline 21 Fl |
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Country : |
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Date of Incorporation : |
2004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of paper
products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
company name
office address
Alameda Dr Carlos
D'Assumpcao no 335 a 341 Centro Comercial Hotline 21 Fl
Country:
Office tel: 28750298
Office fax: 28750296
business type
Trader
industry
Paper, Pulp &
Products
established
2004
ownership
Chairman: Ms
Hang-yee Sin
Nationality:
Capital: 1,000,000
Employees: 3
Corporate formation: Private
company management
Ms Hang-yee Sin
Nationality:
financial
description
*Credit Risk Assessment*
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Risk Index : Medium
Credit Amount : 35,000
Credit Period : 30 days
*Credit Opinion*
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Credit of a moderate amount
can proceed normally.
*Credit Assessment*
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The company is
considered average sized company with an acceptable base and market connection
to secure credit of a moderate amount.
*Operations Status*
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Investigations have
included :
1) A site visit was
conducted at the company's heading address which revealed that the above
company's name was seen on display.
2) The company is
engaged in trading of paper products.
3) The company's
products are imported from the PRC.
4) The company's
products are sold to Asia, Europe and
5) The company will
afford high import tax rate to
6) The company currently
employs 3 staff in
*Capital Details*
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Authorized capital : MOP
1,000,000
Paid-up capital : MOP
1,000,000
*Financials*
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As a private limited company,
no official financial statement is required to be publicly disclosed.
Upon our current
contact, the company's staff refused to forward any financial information
regarding the company on the grounds that the company is a private venture
whose financial information is considered sensitive private business
information not subjected to public release or release to non-business related
parties.
*Reputation*
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Reference checking for
the purpose of establishing the firm's reputation within the respective
industry failed to reveal any negative information.
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Company Registration *
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Company Name in English:
Company Name in
Portugues:
License number : 19921
(SO)
Date issued : 19 Nov,
2004
Issuing authority :
Conservatoria Dos Registos Comercial E De Bens Moveis
*Change of Company Name*
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No record
*Bank*
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HONGKONG AND SHANGHAI
BANKING CORPORATION LTD
product,
technology, service description
*Main Products &
Services*
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Specializes in trading
of paper products.
*Detailed Product
specifications*
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Items available include:
Glossy paper
Coated free sheet paper
Paper products
organization
structure
*Key Personnel*
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(1)
Hang-yee Sin
Marital: Married
Resident status :
Chinese nationality
Responsibilities :
Currently active in the company's day-to-day operations & is responsible
for its management.
Registered address:
2/F.,
related parties
description
*Major Shareholders*
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Shareholder Name No of Shares
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Richwood Group Ltd 1,000,000
*Shareholders' Details*
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Richwood Group Ltd
Address: 2/F.,
*Administrator's
Details*
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(1)
Hang-yee Sin
local distribution
& warehousing
*Imports*
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100% of the company's
products are imported from the PRC.
international trade
activity description
*Export Markets*
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Majority of the annual turnover
is attributed to export to the following countries:
- Asia, Europe and
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%)