MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CHAO LIEN HONG LTD |
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Registered Office : |
Unit 1, 41FL |
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Country : |
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Date of Incorporation : |
February 18, 1957 |
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Com. Reg. No.: |
0004680 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading wide range of food products and chemicals. |
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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Maximum Credit Limit : |
Up To USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
addrss
CHAO LIEN HONG LTD
UNIT 1, 41FL SINGGA COMMERCIAL CENTER
WEST SAI YING PUN
TEL : 852-25467058
FAX : 852-28576496
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 18, 1957
REGISTRATION NO. :
0004680
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. DAVID MAN-FAR NG (MANAGING DIRECTOR)
STAFF STRENGTH :
6
CAPITAL :
US$ 1,278,772
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79625= US$1 AS OF
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 : 0004680
Date issued : 18
February, 1957
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 00730956-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
(3)
License number : 00730956-002
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 10,000,000.00 divided into 10,000 ordinary
shares at HKD 1,000.00/-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.
SC is not known to host website of its own at present.
E-mail: chaolien@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders
: 11
Total number of shares
: 10,000
Shareholders' Name No.
of Shares Amount of Shares
(HKD) % of Shares
--------------------------
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---------------------------------- ----------------
Chuen-chee Hui
3,000 3,000,000.00 30.00
David Man-far Ng
1,750
1,750,000.00
17.50
Shui-fong Ng 1,050 1,050,000.00 10.50
Chun-hing Wong
1,000
1,000,000.00
10.00
Shiu-yang Lu 750 750,000.00 7.50
Chiu-yuen Lam 750 750,000.00 7.50
Po-chu Wong 500 500,000.00 5.00
Yuen-sum Ng 360 360,000.00 3.60
Li-shuit Ko
315
315,000.00 3.15
So-may Ho
300
300,000.00
3.00
Lun-chi Lee 225 225,000.00 2.25
*Directors' Details*
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(1)
Chuen-chee Hui
National ID no. : A941145(6)
Address : Flat 1504 Block F
(2)
Shui-fong Ng
National ID no. : D434442(2)
Address : Flat 1504
Block F
(3)
Chun-hing Wong
National ID no. : A190713(4)
Address : 1Fl
Shareholders' Details
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(1)
Shiu-yang Lu
Status : Deceased
Address : 17Fl Tak Wai Mansion
Block B Man Fuk Rd Waterloo Hill
(2)
Chiu-yuen Lam
Address :
(3)
Po-chu Wong
Address : 4Fl, 51 Kong's Rd North Point
(4)
Yuen-sum Ng
Status : Deceased
Address :
(5)
Li-shuit Ko
Address :
(6)
So-may Ho
Address :
(7)
Lun-chi Lee
Status : Deceased
Address : Flat D-22, 15Fl Hpoi King Lau 1026 King's Rd
*Company Secretary*
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SCHLO SECRETARIES & NOMINEES LTD
Address : 15Fl
CR no. : 80887
Management: Mr. David Man-far Ng, Managing Director
Name Nationality
Job Description
Mr. David Man-far Ng
*Key Personnel*
============
David Man-far Ng
National ID no. : D025360(0)
Responsibility : Handles the
overall management of the company.
Address : Unit 1, 41Fl
Tel : 25467058
Fax :
28576496
*Main Products & Services*
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Specializes in trading wide range of food products and chemicals.
Products: Bottled fruits
Bottled vegetable
products
Canned foods
Canned fruits
Canned
vegetables
*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.
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a factory in
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 MODERATE 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 : WING HANG BANK LTD
Branch : 18Fl
Swift code : WIHBHKHH
SC is considered small-sized in its line with a long operating history.
It is considered a credit line up to USD100,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 0173 Tree nuts
Trading 2033 Canned
fruits, vegetables, preserves, jams, and jellies
Trading 2034 Food
products, dried and dehydrated
Trading 2035 Pickled
fruits and vegetables, vegetable sauces and seasonings, and salad dressings
Trading 2076 Vegetable
oils and byproducts, except corn, cottonseed, and soybean
Trading 2099 Food
products,
Trading 2800 Chemicals
and Allied Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 0700 Edible
vegetables
Trading 0802 Nuts,
fresh or dried
Trading 0810 Fruit,
fresh
Trading 0811 Fruit
& nuts (raw or cooked by steam etc), frozen
Trading 0910990000 Spices
Trading 1404 Vegetable
products
Trading 1517904015 Salad
and cooking oil, partially hydrogenated
Trading 2008 Fruit,
nuts etc prepared or preserved
Trading 2103906060 Mixed
condiments and mixed seasonings
Trading 2106906090 Food
preparations not elsewhere specified or included, canned
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Packaged
frozen vegetables
Trader Processed
nuts
Trader Cooking
oil
Trader Canned
foods
Trader Seasoning
Trader Spices
Trader Dried &
preserved food
Trader Gum rosin
Trader Vegetable
materials
Trader Fruits &
vegetables
INTERNATIONAL TRADE:
ACTIVITY & MARKETS
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%)