MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
J & C ENTERPRISES CO |
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Registered Office : |
Rm 13, 7fl Hi-Tech Industrial Centre - Block A |
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Country : |
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Date of Incorporation : |
28.03.1994 |
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Com. Reg. No.: |
17955228 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading of consumer products |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
J & C ENTERPRISES CO
RM 13, 7FL HI-TECH INDUSTRIAL CENTRE - BLOCK A
TSUEN WAN NEW TERRITORIES,
TEL: 852-24259451 FAX:
852-24138511
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 28, 1994
REGISTRATION NO. :
17955228
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
N/A
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 :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78958 = 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 –Hong Kong
Dollars
*Company Registration*
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License number : 17955228
Date issued : 28 March, 1994
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
Legal form : Partnership
*Reputation*
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Due to the lack of any third party references and the small nature of
the company's business, we were unable to establish the level of the firm's
reputation within the respective industry.
SC is not known to host website of its own at present.
E-mail: jcentcol@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Sau-ying Chan
John Chi-ming Sin
Based on corporate filing regulations for this type of entity in
Management
Mr. John Chi-ming Sin, Partner
Mr. Sau-ying Chan, Partner
Name Nationality
Job Description
Mr. John Chi-ming Sin Hong Kong Partner
Mr. Sau-ying Chan
*Key Personnel*
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Sau-ying Chan
National ID no. :
C5527005
Address : Rm
A 8Fl Tsuen Wan Plaza Block 1,
John Chi-ming Sin
National ID no. :
G0160597
Address : Rm
A 8Fl Tsuen Wan Plaza Block 1,
*Main Products & Services*
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Specializes in trading of consumer products.
Products: Consumer products
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*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 :4 OBTAINED SCORES : 41
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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.
Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.
*Bank Details*
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Bank name : BANK OF
Account number :
06478692039354
Swiftcode : BKCHHKHH
As a partnership firm 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 13 years history. Credit dealings with SC should be confined into small amount at present.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3999
Manufactured articles,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9600
Miscellaneous manufactured
articles
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%)