%20CO%20,%20LTD%20%2021-Apr-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
21.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ANDIN (HONG KONG) CO., LTD. |
|
|
|
|
Registered Office : |
Unit 206A2, 2FL Harbour Centre - Tower 1 1-8 Hok Cheung St Hunghom
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
11.10.2000 |
|
|
|
|
Com. Reg. No.: |
0734019 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading a wide range of Jewelry.
|
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
ANDIN
(HONG KONG) CO., LTD.
UNIT 206A2, 2FL HARBOUR CENTRE - TOWER 1
1-8 HOK CHEUNG ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-27116212 FAX: 852-27137862
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 11, 2000
REGISTRATION NO. :
0734019
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JESSIE YIP (EXECUTIVE)
STAFF STRENGTH :
30
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
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79260 = 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
%20CO%20,%20LTD%20%2021-Apr-2008_files/image003.gif){kind=small}
*Company Registration*
==================
(1)
License number : 0734019
Date issued : 11 October, 2000
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 31396177-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as : BANTLEY INT'L LTD
Date of incorporation : 11
October, 2000
Changed name to :
ANDIN (HONG KONG) CO LTD
Date of change : 30
June, 2006
*Capital Details*
============
Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00 divided into 10,000 ordinary shares
Paid-up capital : HKD 100.00 divided into 100 ordinary shares
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image004.gif){kind=small}
SC is not known to host website of its own at present.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image005.gif){kind=small}
For the past two years there is no record of litigation.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image006.gif){kind=small}
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 100
Shareholders Country
Number Amount (HKD) %
----------------------- ----------- ----------- ------------------- ------
KCA ACQUISITION CORP USA 99.00 99.00 99.00
Mr. Ofer Azrielant USA 1.00 1.00 1.00
*Corporate Secretary*
=================
MCCABE SECRETARIAL SERVICES LTD
CR no. : 95390
Address : 29Fl Wing On Centre 111 Connaught Rd, Central, Hong Kong
%20CO%20,%20LTD%20%2021-Apr-2008_files/image007.gif){kind=small}
Management: Mr. Jessie Yip,
Executive
Ms. Amy Wong, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Jessie Yip Hong
Kong Executive Sales
Ms. Amy Wong Hong
Kong General Manager -
%20CO%20,%20LTD%20%2021-Apr-2008_files/image008.gif){kind=small}
*Main Products & Services*
=====================
Specializes in trading a wide range of jewelry.
Products: Gold jewelry
Jewelry
findings
Silver jewelry
*Payment Terms*
=============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or Credit
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image009.gif){kind=small}
SC is not known to have any subsidiary at
present.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image010.gif){kind=small}
PAYMENT RATING : 4 OBTAINED SCORES :
47
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
%20CO%20,%20LTD%20%2021-Apr-2008_files/image011.gif){kind=small}
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 : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
%20CO%20,%20LTD%20%2021-Apr-2008_files/image012.gif){kind=small}
SC is considered small-sized in its line with an 8 years development
history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 3915 Jeweler's
findings and materials, and lapidary work
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 7113112000 Silver
jewelry, articles and parts of prec metal valued not over $18 per dozen pieces
or parts
Trading 7113115000 Silver
jewelry, articles a pts incl pr mtl pltd silvr val ov $18 per dozen pieces or
parts
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Australia
Exporting to North America
Exporting to Oceania
Exporting to USA
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)