MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
PO KWONG ( |
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Registered Office : |
Unit 1005 Axa Centre |
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Country : |
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Date of Incorporation : |
June 12, 1987 |
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Com. Reg. No.: |
0191086 |
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Legal Form : |
Private |
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Line of Business : |
Trading a range of marble, stone, granite and other
related products. Sales and distribution to local and export markets. |
RATING & COMMENTS
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MIRAs 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 : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
PO KWONG (
UNIT 1005 AXA CENTRE
TEL : [+852] 23948999
FAX : [+852] 23953132
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 12, 1987
REGISTRATION NO. :
0191086
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHUN-LAM MOK (CHAIRMAN)
STAFF STRENGTH :
40
CAPITAL :
US$ 12,837
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 7.75387 = USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Trading Name*
============
Although the company is legally registered by the name
listed above, it is commonly known by the following Trading Names under which
it operates locally:
- WING MING MARBLE CO
- SUNLIGHT MARBLE CO
*Capital Details*
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Authorized capital :
HKD 100,000.00 divided into 100,000 ordinary shares at HKD 1.00/-each, fully
paid
*Office & Facilities*
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Comment : Premises is shared with PO KWONG STONE LTD
*Company Registration*
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(1)
License number :
0191086
Date issued :
12 June, 1987
Issuing authority :
Companies Registry
Legal form
: Private Limited Company
Type of license :
Corporate
(2)
License number :
11076137
Date issued :
N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
Branch Registration
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License number :
11076137-001
Date issued : N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*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.
*Registrar*
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MALO NOMINEES LTD
*Approved Signatures*
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Only Mr. Chun-lam Mok can sign on behalf of the company with
seal affixed.
*Company Secretary*
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MALO NOMINEES LTD
Address : Office 1002, 10Fl
Li Po Chun Bldg
CR no. : 127908
Website : www.pokwongstone.com The design
is professional and the content is well organized. At present it is in both
English and Chinese versions.
Email : info@pokwongstone.com
For the past 20 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 9
Total number of ordinary shares : 100,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ----------------------------- --------------------------------- -------------
Tat-chong Yeung 16,668 16,668.00 16.67
Fai Chan
16,666
16,666.00
16.67
Man-yu Lee
16,666
16,666.00
16.67
Mei-lin Wong 16,665 16,665.00 16.67
Felix Chi-kun Mok 11,000 11,000.00 11.00
Chun-lam Mok 5,668 5,668.00 5.67
Jacky Chi-kin Mok 5,667 5,667.00 5.65
Chi-kim Mok 5,500 5,500.00 5.50
Hester Wai-yu Mok 5,500 5,500.00 5.50
*Directors' Details*
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(1)
Fai Chan
HKID no. : D273061(9)
Address
: 2Fl Block B2,
(2)
Man-yu Lee
HKID no.
: A762661(7)
Address
: Flat G 23Fl
(3)
Jacky Chi-kin Mok
HKID no.
: Z013343(5)
Address
: 2Fl Block B2,
(4)
Mei-lin Wong
HKID no.
: D577540(0)
Address
: Flat B 15Fl Regent Height
(5)
Tat-chong Yeung
HKID no.
: E739764(3)
Address
: Flat B 15Fl Regent Height
Shareholders' Details
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(1)
Felix Chi-kun Mok
Address : Flat F 38Fl South Horizons - Block 9 Apleichau
Hong Kong
(2)
Chi-kim Mok
Address : Flat B1, 9Fl,
Management : Ms. Hester Mok, Manager
Name Nationality Job
Description
Ms. Hester Mok
*Key Personnel*
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Chun-lam Mok
HKID no. :
C189745(2)
Address :
Flat B1, 9Fl,
Responsibilities : Handles the overall management of the
company
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading a range of marble, stone, granite and other
related products.
2. Sales and distribution to local and export markets.
Products : Granite
Marble slabs
Marble tiles
Marbles
Minerals
*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.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : PO KWONG (
Branch Address : On Loong Commercial Bldg 276-278 Lockhart
Rd Wanchai,
*Strategic Partners & Alliances*
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Group name : PO KWONG GROUP
Details : The
group specializes in importing high quality marble, granite and agglomerated
stone from
around the world since 1976.
Considered as one of the leading suppliers of medium to high-end.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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Implication |
Implications |
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1 |
Scores 85100 |
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.
*BANK DETAILS*
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Bank Name : BANK OF
Branch : Central,
Branch Address : 13Fl Bank Of
SWIFT Code : BKCHHKHH
SC is considered small-sized in its line with a development
history of 20 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 1423 Crushed/Broken
Granite
Importing 1429 Crushed
and broken stone
Importing 1743 Tile,
Marble, Mosaic Work
Importing 3281 Cut
stone and stone products
Importing 5052 Coal
& Other Minerals & Ores
Trading 1423 Crushed/Broken Granite
Trading 1429 Crushed and broken stone
Trading 1743 Tile, Marble, Mosaic Work
Trading 3281 Cut stone and stone products
Trading 5052 Coal & Other Minerals & Ores
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 2515121000 Marble blocks and slabs
Importing 2617 Ores
and concentrates
Importing 6802930000 Granite
Importing 6804230000 Othr millstnes grndstns etc of natural stone
Importing 6815
Articles of stone or other
mineral substance
Importing 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 2515121000 Marble blocks and slabs
Trading 2617 Ores
and concentrates
Trading 6802930000 Granite
Trading 6804230000 Othr millstnes grndstns etc of natural stone
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Ores
Importer Natural
stones
Importer Minerals
Trader Marble
slabs
Trader Natural
stones
Trader Marbles
Trader Marble
tiles
Trader Ores
Trader Minerals
Trader Stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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 SCs 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%)