MIRA
INFORM REPORT
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Report Date : |
07.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
LEUNG YICK CO LTD |
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Registered Office : |
Rm 1804 Eastern Harbour Center
28 Hoi Chak St Quarry Bay |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.09.1993 |
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Com. Reg. No.: |
0449072 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local purchase and imports wide range of cigarette, tobacco, wine and
beverages. Sales and distribution of products to local and international markets |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
naem & address
LEUNG
YICK CO LTD
RM 1804 EASTERN HARBOUR CENTER
28 HOI CHAK ST QUARRY BAY HONG KONG, HONG
KONG.
TEL: 852- 25988034 FAX: 852-25988183
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 14, 1993
REGISTRATION NO. :
0449072
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. STEVE SHIU-CHUEN SO (CHAIRMAN)
STAFF STRENGTH :
30
CAPITAL :
US$ 2,570,694
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 100,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79036 = 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 : 0449072
Date issued : 14
September, 1993
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 17420960-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Share value : HKD
10.00/-each
Authorized capital : HKD
20,000,000.00
Paid-up capital : HKD
14,988,600.00 divided into 1,498,860 ordinary shares
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Mr. Steve Shiu-chuen So can sign on behalf of the company with seal
affixed.
www.leungyick.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: sales@leungyick.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 7
Total number of shares: 1,498,860
Shareholders Country Number Amount (HKD) %
---------------------------- ------------- -------------- ----------------- ------
Mr. Steve Shiu-chuen So Hong Kong 920,700.00 9,207,000.00 61.43
Ms. Rose Po-ling Wu Hong Kong 439,230.00 4,392,300.00 29.30
Ms. Jenny Sien-yee So Hong Kong 69,300.00 693,000.00 4.62
Mr. Eric So Hong Kong 36,300.00 363,000.00 2.42
Mr. To-yan Wong Hong
Kong 12,815.00 128,150.00 0.85
Mr. Tung-fat Liu Hong Kong 12,815.00 128,150.00 0.85
Mr. Mei-bo Wong Hong Kong 7,700.00
77,000.00 0.51
*Directors' Details*
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Shareholders' Details
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(1)
Ms. Jenny Sien-yee So
Address : 3Fl Sik King House 9 Moreton Terrace Causeway Bay Hong Kong
(2)
Mr. Eric So
Address : 9Fl Sik King House 9 Moreton Terrace Causeway Bay Hong Kong
(3)
Mr. Tung-fat Liu
Address : Rm 516 Wah Tai House Wah Fu Estate Hong Kong
(4)
Mr. To-yan Wong
Address : Rm 1302 Cheung Bor House Choi Wan Estate Hong Kong
(5)
Mr. Mei-bo Wong
Address : 9Fl Sik King House 9 Moreton Terrace Causeway Bay Hong Kong
*Company Secretary*
=================
Rose Po-ling Wu
National ID No. :
A342297(9)
Address :
3Fl Sik King House 9 Moreton Terrace, Causeway Bay, Hong Kong
Management: Ms. Kitty Wong, Officer
Name Nationality
Job Description Dept. / Division
Ms. Kitty Wong Hong
Kong Officer Administration
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase and imports wide range of cigarette, tobacco, wine and
beverages.
2. Sales and distribution of products to local and international
markets.
Carries the following brand:
- Classics
- U S Express
- America
- St Louis
Products: Alcoholic beverages
Beer
Brandy
Champagne
Chinese wines
*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)
*Warehousing Facilities*
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Maintains a well-equipped modern facility warehouse.
*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 : 3 OBTAINED SCORES :
55
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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 MODERATE 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*
===============
Bank Name : WING
LUNG BANK LTD
Global Identifier : 30400218
Branch :
Causeway Bay, Hong Kong
Branch Address : 45
Jardine's Bazaar
SWIFT Code :
WUBAHKHH
Credit amount: USD 100,000
SC is considered medium-sized in its line with a long history. The
credit line appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2111 Cigarettes
Trading 0132 Tobacco
Trading 2082 Malt
beverages
Trading 2084 Wines,
brandy, and brandy spirits
Trading 2085 Distilled,
rectified, and blended liquors
Trading 2086 Bottled and
canned soft drinks and carbonated waters
Trading 2121 Cigars
Trading 2141 Manufactured
tobacco, including processed sheet tobacco
Trading 5181 Beer &
Ale
Trading 5182 Wine/Distilled
Alcohol Bev
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2402 Cigars,
cigarettes etc., of tobacco or substitutes
Trading 2200 Beverages,
spirits & vinegar
Trading 2202100030 Carbonated
soft drinks
Trading 2203 Beer
made from malt
Trading 2204 Wine
of fresh grapes; grape must
Trading 2204100000 Sparkling
wine of fresh grapes
Trading 2205 Vermouth
& other wine of fresh grapes spec flavored
Trading 2208 Ethyl
alcohol, undenat, und 80% alc; spirit bev etc
Trading 2208906300 Vodka
Trading 2208907500 Other
spirituous beverages
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Sparkling
wines
Trader Soft
drinks
Trader Juices
Trader Chinese
wines
Trader Fortified
wines
Trader Sherry
wine
Trader Miniature
Trader Sundries
Trader Cigarettes
& tobaccos
Trader Tobacco
products
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Europe
Exporting to Jamaica
Exporting to Lebanon
Exporting to Middle East
Exporting to North America
Exporting to Russia
Exporting to South America
Exporting to South Korea
Exporting to Taiwan
Importing from Africa
Importing from Asia
Importing from Australia
Importing from Cambodia
Importing from Canada
Importing from China
Importing from Colombia
Importing from Cuba
Importing from Cyprus
Importing from Europe
Importing from Germany
Importing from Guinea
Importing from Indonesia
Importing from Iraq
Importing from Italy
Importing from Japan
Importing from Jordan
Importing from Laos
Importing from Mexico
Importing from Middle East
Importing from Morocco
Importing from Netherlands
Importing from North America
Importing from Oceania
Importing from Philippines
Importing from Russia
Importing from Sierra Leone
Importing from Singapore
Importing from South Africa
Importing from South Korea
Importing from Spain
Importing from Taiwan
Importing from UAE
Importing from USA
Importing from United Kingdom
Importing from Vietnam
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%)