MIRA
INFORM REPORT
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Report Date : |
25.10.2007 |
IDENTIFICATION DETAILS
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Name : |
YUEN SHING TAK PRECISION LTD |
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Registered Office : |
RM 19, 9FL Kenning Industrial Bldg 19 Wang Hoi Rd |
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Country : |
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Date of Incorporation : |
04.05.2007 |
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Com. Reg. No.: |
1129550 |
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Legal Form : |
Private |
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Line of Business : |
Company is engaged in Trading Watches and related products |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
YUEN SHING TAK PRECISION LTD
RM 19, 9FL KENNING INDUSTRIAL BLDG
TEL: 852-27541368
FAX: 852-24207813
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 4, 2007
REGISTRATION NO. :
1129550
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
POOR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75086 = 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 Registration*
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License number : 1129550
Date issued : 4 May, 2007
Issuing authority : Companies Registry
Type of license : Corporate license
License number : 37907297-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business license
*Office & Facilities*
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Other tel no : 24207813
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
No of Shares
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Mr. Ling-hui Huang
600
Mr. Zhi-hui Lu 300
Mr. Da-cheng Li
100
*Director's Details*
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Mr. Zhi-hui Lu
Address : Rm
402, 8 Mu Mian Wan Yan He Lu 13
Shareholders' Details
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Mr. Ling-hui Huang
Address : Rm
402, 8 Mu Mian Wan Yan He Lu 13
Mr. Da-cheng Li
Address : Rm 402, 8 Mu Mian Wan
Yan He Lu 13
*Company Secretary*
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Mr. Sui-wo Fong
HKID number : G123030(0)
Address : 1Fl, 294 Shui Tau Tsuen Kam Tin Yuen Long
New Territories, Hong Kong
Date of appointment : 4 May,
2007
Previous Company Secretary
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CHESTERWELL MANAGEMENT SERVICES LTD
Address : Unit A 6Fl Rammond Haus
Date of resignation : 4 May, 2007
SC management details are not available at present.
*Main Products & Services*
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Engaged in trading watches and related products though affiliate
company, PO FAI PRECISION CO LTD.
Products: Watches
*Operations Status*
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Extensive investigation has been conducted to identify the status of
commercial operation of the company and the following were revealed:
1. A call was made at the above telephone number, but it diverted to a
company in
2. Another call was made at 68765960, which belongs to PO FAI PRECISION
CO LTD. A certain Mr. Paul Lee answered the phone and confirmed that the above
company is one of their business affiliates. He also confirmed that all
business transactions with YUEN SHING TAK PRECISION LTD should be made thru PO
FAI PRECISION.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : PO FAI
PRECISION CO LTD
Address : Rm
19, 19Fl Kenning Industrial Bldg 19 Wang Hoi Rd
Kong
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Electronic Products & Components
PAYMENT RATING : 6 OBTAINED SCORES : 10
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Rating Key |
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.
Since the company was only established five (5) months ago no financials
have been lodged.
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company. Given the circumstances, caution
is advised related to dealings with persons claiming to represent such an
entity.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873
Watches, clocks, clockwork
operated devices, and parts,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9100
Clocks & watches &
parts thereof
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%)