MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
NORIBE - HK LTD |
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Registered Office : |
Rm 2, 21FL Catic Plaza |
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Country : |
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Date of Incorporation : |
March 22, 2005 |
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Com. Reg. No.: |
957941 |
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Legal Form : |
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Line of Business : |
Distribution of lights and related lighting fixtures. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
NORIBE - HK LTD
RM 2, 21FL CATIC PLAZA 8-14 CAUSEWAY RD
TEL : 852 25771800
FAX : 852 25771778
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 22, 2005
REGISTRATION NO. :
957941
CHIEF EXECUTIVE :
JUAN ANTONIO MEGINO GEA (DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.79071 = 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*
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License number : 957941
Date issued : 22 March,
2005
Issuing authority : Companies
Registry
Legal form : Private
Company Having a Share Capital
Type of license : Corporate
License number : 35446615-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Registrar*
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GORDON SECRETARIAL LTD
*Capital Details*
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Authorized capital : HKD 10,000.00
Paid-up capital : HKD 1.00
divided into 1 ordinary share at HKD 1.00/-each
*Office & Facilities*
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Other e-mail address : belinda@noribe.com.hk
*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.
*Approved Signatures*
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Only Juan Antonio Megino Gea can sign on behalf of the company with seal
affixed.
E-mail : admin@noribe.com.hk
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholder*
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Total number of shareholder : 1
Total number of ordinary share : 1
Shareholder's Name
No. of Ordinary Share Amount
of Share (HKD) % of Shares
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Juan Antonio Megino Gea 1
1.00
100.00
*Director's Details*
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Juan Antonio Megino Gea
Passport number : AE293617
HK ID number : 19849102-X
Address : Calle Juan
Sebastian Bach 18
Responsibility : Handles the
overall management of the company.
*Company Secretary*
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GORDON SECRETARIAL LTD
CR no.
: 878321
*Main Products & Services*
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Specializes in the distribution of lights and related lighting fixtures.
Other details : Product certification of electronic ballast
Products : Ceiling lamps
Chandeliers
Desk lamps
Electronic
ballasts
Floor lamps
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Quality Certification*
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Type of certification : TUV Mark
Issuing authority : TUV
Rheinland Group
Date of certification : 14
November, 2006
Approved number : 50095647
Fulfilled standards : - EN
61347-1:2001
- EN 6
Other details :
Product certification of electronic ballast with model BE-226W
Type of certification : EMC Mark
Issuing authority : TUV
Rheinland Group
Date of certification : 16
November 2006
Approved number : 50095718
Fulfilled standards : - EN 6
- EN 61547:1995+A1
- EN 55015:2000+A1+A2
- EN 6
*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 : 46
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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.
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 short history. Credit
dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3641 Electric
lamps
Trading 3648 Lighting
equipment (including commercial)
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8504100000 Ballasts
for discharge lamps or tubes
Trading 9405 Lamps
& lighting fittings & parts etc
Trading 9405101000 Chandeliers
and other electric ceiling or wall lighting fittings use in the household
Trading 9405400000 Electric
lamps and lighting fittings
Trading 9405990000 Parts
for lamps and lighting fittings
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Floor
lamps
Trader Indoor
electric lighting
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%)