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MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KUNCAI INTERNATIONAL (MACAU) CO LTD |
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Registered Office : |
Rua Fernaomendes Pinto No 34-A-A R/C |
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Country : |
Macau |
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Year of Establishment : |
2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of pigment |
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 10000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic Report
Country: Macau
Company name: KUNCAI INTERNATIONAL (MACAU) CO LTD
Office address: Rua Fernaomendes Pinto No 34-A-A R/C
Business type: Trader
Industry: Chemicals
Established: 2005
OWNERSHIP
Chairman: Mr Shiquan Jiang
Nationality: China
Capital: 50,000
Employees: 2
Corporate formation: Private
Detailed Report
COMPANY MANAGEMENT
Director Mr Shiquan Jiang
Nationality: China
Director Mr Junfeng Wei
Nationality: China
Director Mr Lai Son Chan
Nationality: Macau
FINANCIAL DESCRIPTION
*Credit Risk Assessment*
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Risk Index : Medium
Rating : [ 58 ] - points out of a possible 100 points
Credit Amount : USD
10,000
Credit Period : 30
days
*Credit Opinion*
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Credit of a moderate amount can proceed normally.
*Credit Assessment*
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The company is considered average sized company with an acceptable base and market connection to secure credit of a moderate amount.
*Operations Status*
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1) The company is engaged in trading of pigment.
2) The company's products are manufactured in its Group's production facilities located at Wenzhou in the PRC.
3) The company's products are sold to South East Asia, Europe, North America and the PRC.
*Capital Details*
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Authorized capital : MOP 50,000
Paid-up capital : MOP 50,000
*Financials*
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As a private limited company, no official financial statement is required to be publicly disclosed.
Upon our current contact, the company's staff refused to forward any financial information regarding the company on the grounds that the company is a private venture whose financial information is considered sensitive private business information not subjected to public release or release to non-business related parties.
*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.
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Company Registration *
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Company Name in English: Kuncai International (Macau) Co Ltd
Company Name in Portugues: Kuan Choi Internacional (Macau) Companhia Lda
License number : 20392(SO)
Date issued : 26 Jan, 2005
Issuing authority : Conservatoria Dos Registos Comercial E De Bens Moveis
*Change of Company Name*
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No record
In-depth Report
PRODUCT, TECHNOLOGY, SERVICE
DESCRIPTION
*Main Products & Services*
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Specializes in trading of pigment.
*Detailed Product specifications*
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Items available include:
Pearlescent pigments
Aluminium paste
Bismuth oxychloride paste
ORGANIZATION STRUCTURE
*Key Personnel*
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(1)
Shiquan Jiang
Marital: Single
Resident status : Chinese nationality
Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.
RELATED PARTIES DESCRIPTION
*Major Shareholders*
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Shareholder Name No of Shares
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Shiquan Jiang 20,000
Junfeng Wei 20,000
Lai Son Chan 10,000
*Management Details*
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(1)
Shiquan Jiang
(2)
Junfeng Wei
Marital: Married
Resident status : Chinese nationality
Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.
(3)
Lai Son Chan
Marital: Married
Resident status : Chinese nationality
Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.
LOCAL DISTRIBUTION & WAREHOUSING
*Imports*
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Majority of the company's products are imported from the PRC.
INTERNATIONAL TRADE ACTIVITY
DESCRIPTION
*Export Markets*
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Majority of the annual turnover is attributed to export to the following countries:
- South East Asia, Europe, North America and the PRC.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)