MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHARTER CHAMPION TRADING LTD |
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Registered Office : |
Rm 702 On Hong Commercial Bldg 145 Hennessey Rd Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.03.1997 |
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Com. Reg. No.: |
0599632 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of hides, skin and leather products. Sale and Distribution of purchased products to local and international
markets |
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 : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CHARTER
CHAMPION TRADING LTD
RM 702 ON HONG COMMERCIAL BLDG
145 HENNESSEY RD WANCHAI HONG KONG, HONG
KONG.
TEL: 852-25202770 FAX: 852-25202205
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 19, 1997
REGISTRATION NO. :
0599632
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. CHI-MING LEUNG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,285
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78301 = 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 : 0599632
Date issued : 19 March, 1997
Issuing authority : Companies Registry
Type of license : Corporate License
(2)
License number : 20793275
Date issued : 19 March, 1997
Issuing authority : Business Registration Office -
Inland Revenue Department
Type of license : Business License
*Capital Details*
=============
Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00 divided into 2 ordinary
shares
*Corporate & Organization Structure*
===========================
A small-sized company - operated and managed by an experienced team of
professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Ms. Frances Siu-kam Ma can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: ccthk@netvigator.com
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: 2
Shareholders Country
Number Amount (HKD)
%
------------------------- ------------- ---------- ------------------ --------
Mr. Chi-ming Leung Hong Kong 1.00
1.00 50.00
Ms. Frances Siu-kam Ma Hong Kong 1.00 1.00 50.00
*Company Secretary*
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CONCORD SECRETARIAL SERVICES LTD
Address : Rm 902 On Hong Commercial Bldg 145 Hennessy Rd Wanchai, Hong
Kong
CR no : 340111
Management: Mr. Chi-ming Leung,
General Manager
Ms. Frances Siu-kam Ma, Managing Director
Name Nationality
Job Description
Mr. Chi-ming Leung Hong
Kong General Manager
Ms. Frances Siu-kam Ma Hong
Kong Managing Director
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of hides, skin and leather products.
2. Sale and distribution of purchased products to local and
international markets.
Products: Cow hides
Hides
Leather
products
Raw hides &
skins
Skins
*Payment Terms*
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Sales
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Local : Cash
30-60 days Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash
30-60 days Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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
11 years. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 5,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3100 Leather and
Leather Products
Trading 3199 Leather
goods,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4100 Raw
hides & skins & leather
Trading 4205 Articles
of leather
Trading 4205000000 Other
articles of leather or composition leather
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Australia
Importing from China
Importing from India
Importing from New Zealand
Importing from Oceania
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%)