MIRA
INFORM REPORT
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Report Date : |
18.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TUNDA INT'L TRADING LTD |
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Registered Office : |
Rm 1, 17FL Highgrade Bldg |
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Country : |
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Date of Incorporation : |
March 10, 1999 |
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Com. Reg. No.: |
0669255 |
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Legal Form : |
Private |
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Line of Business : |
Wholesale distribution of feed additives and antibiotic raw materials. Selling of products to local and international market. |
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 1,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
TUNDA INT'L TRADING LTD
RM 1, 17FL HIGHGRADE BLDG
TSIMSHATSUI
TEL : 852-24599230
FAX : 852- 24571095
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 10, 1999
REGISTRATION NO. :
0669255
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75332 = 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 Registration*
===================
(1)
License number : 0669255
Date issued : 10 March,
1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 22215518-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Branch Registration
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License number : 13579129-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Company Name*
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Also known as TUNDA TRADING CO
*Office & Facilities*
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Note: We were unable to find any reference of the supplied address on
any local. The above address as reflected on our report was confirmed to be its
current registered/operating address.
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
of HKD 1.00/-each, fully paid
*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.
*Approved Signatures*
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Only Mr. Andrew Shui-fu Fan can sign on behalf of the company with seal
affixed.
www.tunda.com.hk SC’s website is unable to be
landed at present for the technical reason.
E-mail: tundaltd@netvigator.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 : 10,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
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------------------------------- --------------------------------- ----------------
Andrew Shui-fu Fan 9,000 9,000.00 90.00
Hiu-kwan Fan 1,000 1,000.00 10.00
*Director's Details*
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(1)
Andrew Shui-fu Fan
HKID no. : C257428(2)
Address : Flat F 12Fl
(2)
Hiu-kwan Fan
HKID no. : Z553121(8)
Address : Flat G, 6Fl
*Corporate Secretary*
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VASEN NOMINEES LTD
C. R. no. : 551158
Address :
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the following areas of work :
1. Wholesale distribution of feed
additives and antibiotic raw materials.
2. Selling of products to local
and international market.
Products: Animal feed additives
Antibiotic raw
medicine
Antibiotic, raw
materials
Consultancy
Feed additive
*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 : TUNDA INT'L TRADING LTD - NEW TERRITORIES
Branch Address : Flat 22, 4Fl Hi-Tech Industrial Centre - Block A
Branch : TUNDA INT'L TRADING LTD -
Branch Address : Rm 1215, 12Fl Tung Ying Bldg 100
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a branch office and factory in
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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.
*Bank Details*
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Bank Name : BANK OF
Branch : Central,
Branch Address : 13Fl Bank Of
SWIFT Code : BKCHHKHH
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2006 $1,750,000.00 n/a n/a
SC is considered small-sized in its line with an 8 years development
history. It is considered a credit line up to USD 1,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 0700 Agricultural
Services
Service 8748 Business
Consulting Svcs, NEC
Trading 0200 Agricultural
Production-Livestock
Trading 2048 Prepared
feeds,
Trading 2834 Pharmaceutical
preparations
Trading 5144 Poultry
& Poultry Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9808 Livestock
services, except veterinary
Service 9878 Business
development/consulting
Trading 2309901020 Poultry feeds, prepared
Trading 2941 Antibiotics
Trading 3000 Pharmaceutical
products
Trading 3004 Medicaments,
mixed or not, in dosage etc form
Trading 3004909003 Other
medicaments not elsewhere specified or included for veterinary use
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Feed
additive
Trader Pharmaceutical
raw materials
Trader Trace mineral
premixes
Trader Veterinary
products
Trader Antibiotic,
raw materials
Trader Poultry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
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 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%)