MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
A & B MFG LTD |
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Registered Office : |
Flat B 12fl Kaiser Estate - Phase 1,
41-51 Man Yue St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
31.03.2003 |
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Com. Reg. No.: |
0844318 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in Wholesale Trading of Jewelry. |
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 |
name & address
A
& B MFG LTD
FLAT B 12FL KAISER ESTATE - PHASE 1,
41-51 MAN YUE ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23695261 FAX: 852-36788153
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 31, 2003
REGISTRATION NO. :
0844318
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. KAREN LEUNG (GENERAL MANAGER)
STAFF STRENGTH :
8
CAPITAL :
US$ 6,427
BUSINESS LINE :
TRADER
TURNOVER : N/A (AS OF DEC. 31,
2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79114 = 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 –Hong Kong Dollars
*Company Registration*
==================
(1)
License number : 0844318
Date issued : 31 March, 2003
Issuing authority : Companies Registry
Legal form : Private limited company
Type of license : Corporate
(2)
License number : 33520906-000
Date issued :
N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital: HKD 50,000.00 divided into 50,000 ordinary shares at
HKD 1.00/-each, fully paid.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
===================
Only Mr. King-yau Cheung can sign on behalf of the company with seal
affixed.
*Registrar*
=========
PETRA SECRETARIES CO LTD
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 shares : 50,000
Shareholders Country
Number Amount (HKD)
%
-------------------- ------------ ------------ -------------------- ------
Mr. Avi Matatov USA 25,000.00 25,000.00 50.00
Mr. King-yau Cheung Hong Kong 25,000.00 25,000.00 50.00
Management: Ms. Karen Leung, General Manager
Name Nationality
Job Description
Ms. Karen Leung Hong Kong
General Manager
*Main Products & Services*
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Specializes in wholesale trading of jewelry.
Products: Jewelry
*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)
*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.
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 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.
*BANK DETAILS*
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Bank Name : DBS
BANK (HONG KONG) LTD
Branch :
Tsimshatsui,Kowloon
Branch Address : Unit
1209-18 Miramar Tower 132-134 Nathan Rd
SWIFT Code :
DHBKHKHH
SC is considered small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to North America
Exporting to USA
Importing from North America
Importing from USA
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%)