MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SINO SUCCESS INDUSTRIAL LTD |
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Registered Office : |
Unit 2308, 23FL Riley House |
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Country : |
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Date of Incorporation : |
December 22, 1994 |
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Com. Reg. No.: |
0501389 |
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Legal Form : |
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Line of Business : |
Wholesale distribution of computer hardware and accessories. |
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 US$ 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
address
SINO SUCCESS INDUSTRIAL LTD
UNIT 2308, 23FL RILEY HOUSE
KWAI CHUNG NEW TERRITORIES,
TEL : 852 24984701
FAX : 852 24985740
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 22, 1994
REGISTRATION NO. :
0501389
CHIEF EXECUTIVE :
MS. FANNY LO (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 127,877
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
EXCHNAGE RATE :
HKD 7.80223 = 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*
===================
License number : 0501389
Date issued : 22
December, 1994
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 18927654
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
1,000,000.00
Paid-up capital : HKD
500,000.00
*Office & Facilities*
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Other fax no. : 31050935
Previous Contact Details
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Address : Unit
2717, 27Fl
Year of relocation : 2007
*Reputation*
==========
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. Yui-nin Lo can sign on behalf of the company with seal affixed.
Website :
www.sinohk.com The design is professional and the content is well
organized. At present it is in English version.
E-mail : sinohk@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 : 500,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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Yui-nin Lo
250,000
250,000.00
50.00
Ka-yau Ho
250,000
250,000.00 50.00
*Directors' Details*
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Ka-yau Ho
HKID number : C254155(4)
Address : 7 Fung Kat
Heung Yuen Long New Territories
Yui-nin Lo
HKID number : C661985(A)
Address : Flat E
10Fl
*Corporate Secretary*
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TSE & TSE MANAGEMENT CO LTD
C.R. number : 47242
Address : Flat B 16Fl Kwong
On Bank Bldg
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Ms. Fanny Lo
Mr. Stephen Ho
*Key Personnel*
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Fanny Lo
Email
: fanny@sinosuccess.com.hk
*Main Products & Services*
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Specializes in the wholesale distribution of computer hardware and
accessories
Products are divided into the following categories:
1. Computer Components
- CPU
- Memory Modules
- Memory Card
- Memory IC
- Flash Memory Products
2. Peripheral Add-On-Cards
- VGA Card
- TV Tuner Card
- Sound Card
- Fax Modem
- Network Card
- USB & 1394 I/O Cards
3. PC System Integrators' Products
- Computer Cases
- Keyboard
- Mouse
- Speakers
- Microphone
- Connection Cables
- Network Hub
- KVM Switch and Cooling Fan
4. DIY & End-Users' Products
- Multi-Function Panels
- Sparkling Lighting Systems
- USB Flash Drive
- USB Digital Camera & Web
- USB HDD Enclosure
- USB Fan
- USB Light
- USB Blue Tooth Earphone
& Dongle
- USB Infrared IrDA Adaptor
- USB 5.1 Channels Surround
Sound Speakers & Headset
Products also include the following:
CPU & MEMORY
- Intel Xeon Processor
- Intel Pentium 4 Processor
- Intel Celeron D Processor
- AMD CPU
- CPU
- 184-PIN DDR RAM
- Memory Card
CABLES
- Serial ATA to USB adaptor
- Triple head IDE + SATA HDD adaptor
- Twin head IDE HDD adaptor
- Single Head IDE HDD Adaptor (with Power Adaptor)
- USB to serial port cable
- USB to printer port cable
- USB to USB data cable
- USB network cable
- USB to ps/2 cable
- USB cable
- USB LED light cable
- 1394 cable
- LED light cable
- HDD/DVD/FDD
- EL-light cables 0102015-2
- Serial ATA HDD power cable / HDD data cable
- LAN cable 0102011
- Retrackable LAN cable
- Retrackable cable kit
- Notebook key lock
SPEAKER & HEADSET
- Multi media speaker (IPOD USE)
- Multimedia Speaker
- Multimedia Tripod Speaker
- Portable Audio MP3, MP4, IPOD Speaker Bag (Handsfree/2 Speakers)
- Stereo microphone
- Skype headset
- USB digital channel headset
- USB Cordless headset
- Stereo headset
- PMPO speaker
COMBO KIT
- Wireless Combo
- Luxury Kit
- Standard Kit
- Xtreme-red-luxury-office-combo-kit
- Peripheral kit
- Mini kit
- Cyber office desk set
Products : Bluetooth USB dongle
CPU
CPU coolers
Cables
Combo kits
*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)
*Exhibition Participation*
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Exhibition Fair : Electronics
& Components
Date Attended : 15-18 April, 2006
Location : Asia
Worl-Expo
*Trading Name*
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Although the company is legally registered by the name listed above, it
is commonly known as MATRIX ONLINE CO under which it operates locally.
*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.
*International Exhibition Participation*
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Participated in the following international exhibitions :
Exhibition Fair : COMPUTEX
Date Attended : 1-5 June, 1999
Location :
Exhibition Fair : COMPUTEX
Date Attended : 4-8 June, 2001
Location :
Exhibition Fair : CEBIT
Telecommunication Technology
Date Attended : 9-15 March, 2006
Location :
Exhibition Fair : COMPUTEX
Date Attended : 6-10 June, 2006
Location :
Exhibition Fair : GITEX
Date Attended : 18-22 November,
2006
Location :
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 56
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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.
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
As a limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financial.
*Financial Summary (Currency:
================================
Year Sales Assets Net Income
1997 US$ 3,500,000.00 n/a n/a
1998 US$ 12,400,000.00 n/a n/a
SC is considered small-sized in its line with a 13 years history. A
credit line up to US$ 50,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3571 Electronic
computers
Trading 3577 Computer
peripheral equipment and parts
Trading 5045 Computers
Equip/Software
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8471 Automatic
data process machines; magn reader, etc. computer hardware
Trading 8471602000 Keyboard
units
Trading 8473 Parts
etc for typewriters & other office machines computer accessories
Trading 8517408010 Modems
(modulator-demodulator apparatus)
Trading 8518302000 Other
headphones, earphones, microphone/speaker sets
Trading 8524 ,
tapes & other recorded sound media etc computer software
Trading 8542500000 Electronic
integrated circuits and microassemblies
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Computer
cases
Trader Keyboards
Trader Mouse
Trader Speakers
Trader Microphones
Trader Interconnection
cables
Trader Network
hubs
Trader KVM
switches
Trader Cooling
fan
Trader USB flash
drives
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
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Exporting to
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Exporting to UAE
Exporting to
Importing from
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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%)