MIRA
INFORM REPORT
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Report Date : |
10.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL SEA INT'L LTD
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Registered Office : |
Flat 508A 5FL Profit Industrial Bldg Block A |
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Country : |
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Date of Incorporation : |
April 20, 1995 |
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Com. Reg. No.: |
511905 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Acts as trucking agent providing transport of materials. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
ORIENTAL SEA INT'L LTD
FLAT
TEL : 852-27821080
FAX : 852-27708970
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 20, 1995
REGISTRATION NO. :
511905
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
25
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
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 7.78725 = 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*
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(1)
License number : 511905
Date issued : 20 April,
1995
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Private
company having a share capital
(2)
License number : 19150567
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
10,000.00
Paid-up capital : HKD
9,999.00
*Office & Facilities*
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Note :
The address provided belongs to the trading address of Subject's
customer handling other delivery packages.
The Company does not trade from the address : Rm 2202 Park In Commercial
Centre 56 Dundas Street, Mongkok.
*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.
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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Total number of shareholders :
2
Total number of ordinary shares : 9,999
Shareholders' Name No
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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Ai-toung Kao 6,666 6,666.00 66.67
Chung-tze Kao 3,333 3,333.00 33.33
*Director's Details*
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Mr. Chung-tze Kao
National ID number : D808907(9)
Address : 5Fl
*Company Secretary*
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Ai-toung Kao
National ID number : D620848(8)
Address : Rm C
17Fl Hung Wei Bldg Block
Responsibility : Handles
the overall management of the firm.
Previous Corporate Secretary
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WINPLAN INDUSTRIAL LTD
Date of resignation : 21 May, 2007
Management: Mr. Allan Chan, General Manager
Name Nationality
Job Description
Mr. Allan Chan
*Key Personnel*
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(1)
Ai-toung Kao
National ID number : D620848(8)
Address : Rm C
17Fl Hung Wei Bldg Block
Responsibility : Handles
the overall management of the firm.
(2)
Allan Chan
Email :
sportg01@netvigator.com
*Main Products & Services*
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Acts as trucking agent providing transport of materials.
Products: Inland trucking
Local trucking with
storage
Trucking
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 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 financials.
SC is considered small-sized in its line with a development history of 12
years. It is considered a credit line up to USD 10,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4213 Trucking,
Exc Local
Service 4214 Local
Trucking With Storage
Service 4700 Transportation
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9833 Trucking,
except local
Service 9834 Local
trucking with storage
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%)