MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
JANNET MILLER ENTERPRISE CO |
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Registered Office : |
5FL, |
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Country : |
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Date of Incorporation : |
January 1, 1995 |
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Com. Reg. No.: |
18678120-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing of a range of garments and related accessories
for women, children and infants. Trading of imported products to local 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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Maximum Credit Limit : |
Up To USD5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & addrss
JANNET MILLER ENTERPRISE CO
5FL,
TEL: [+852] 23866368
FAX: [+852] 27297830
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 1, 1995
REGISTRATION NO. :
18678120-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. KUI-ON LEE (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
N/A
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 :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79106 = USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*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.
Email : jm3hk@yahoo.com.hk
For the past 12 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Kui-on Lee
Founder
: Sole Founder
National ID number : E9626585
Address
:
Responsibility
: Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of a range of garments and related accessories
for women, children and infants.
2. Trading of imported products to local markets.
Products : Children & infant clothing
Children's accessories
Infant accessories
Women's accessories
Women's garments
*Payment Terms*
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Sales
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Local : Cash or
Credit
Purchases
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Local : Cash or
Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*International Exhibition Participation*
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Participated in the following international exhibitions:
(1)
Exhibition fair :
Dates attended : 21-24 April, 2006
Location :
(2)
Exhibition fair :
Dates attended :
21-24 April, 2006
Location :
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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 an individual company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development
history of 12 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 2329 Men's and boys' clothing
Trading 2335 Women's and misses' dresses
Trading 2341 Women's girls', and infants' underwear and nightwear
Trading 2389 Apparel and accessories
Trading 5137 Female/Child Clothing
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 4203100090 Articles of apparel
Trading 6111 Babies' garments & accessories, knit or crocheted
Trading 6114 Garments, knitted or crocheted
Trading 621050 Women's wear
Trading 6217 Made-up clothing access, garment etc parts
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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%)