MIRA
INFORM REPORT
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Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
HK METAL TRADING LTD. |
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Registered Office : |
Unit 8, 26/F., China Merchants Tower, Shun Tak Centre, 200
Connaught Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.09. 2003 |
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Com. Reg. No.: |
34141066 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of All kinds of Scraps. |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
HK METAL TRADING LTD.
ADDRESS
Unit 8, 26/F., China Merchants Tower, Shun Tak Centre, 200 Connaught Road Central, Hong Kong.
PHONE: 2587 8078, 2587 8050
FAX: 2587 8600
E-MAIL: info@hkmetaltrading.com
Note: This is to answer your enquiry on:
HONGKONG METAL TRADING LTD
Fiat RM Dis / F Celeste Court
F2 Fung Fai Terrace Happy Valley
Hong Kong
The subject is not located at your given address.
MANAGEMENT
Managing Director: Mr. Chen Hui Hua
SUMMARY
Incorporated on: 15th September, 2003.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Scrap Trader.
Employees: 6..
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head
Office:-
Unit 8, 26/F., China Merchants Tower, Shun Tak Centre, 200 Connaught Road Central, Hong Kong.
Overseas Offices:-
China (Beijing & Guangzhou), US (California & New York) and Netherlands.
BUSINESS REGISTRATION NUMBER
34141066
COMPANY FILE NUMBER
861595
MANAGEMENT
Managing Director: Mr. Chen Hui Hua
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 100 shares of HK$100.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDER
(As per registry
dated 15-09-2008)
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Name |
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No. of shares |
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CHEN Hui Hua |
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100 === |
DIRECTOR
(As per registry dated
15-09-2008)
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Name (Nationality) |
Address |
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CHEN Hui Hua |
6F, 13, Lane No. 10, Lin-Nan Street, Lingya District, Kao Hsiung City, Taiwan. |
SECRETARY
(As per registry
dated 15-09-2008)
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Name |
Address |
Co. No. |
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Chartac Secretaries Ltd. |
7/F., Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong. |
216220 |
HISTORY
The subject was incorporated on 15th September, 2003 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of scraps.
Employees: 6..
Commodities Imported: US, Europe, etc.
Markets: Worldwide.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 100 shares of HK$100.00 each)
Issued Share Capital: HK$10,000.00
Profit & Loss: Making a small profit.
Condition: Keeping in an active state.
Facilities: Adequate for current running.
Payment: So far so good.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued 100 ordinary shares of HK$100.00, HK Metal Trading Ltd. is wholly-owned by Mr. Chen Hui Hua who is a Taiwan passport holder. He is the only director of the subject and currently residing in Kao Hsiung City, Taiwan.
The subject is trading in the following commodities: copper scrap, brass scrap, aluminium scrap, electric motors, cable scrap, heavy metal scrap, zorba, talk radiator, transformer scrap, electronics scrap, etc.
The subject was established in 1986 in the Bay area of San Francisco, California, the United States. In 2000, it set up a branch in New York. In 2005, the subject moved its head office to Hong Kong and also set up offices in Guangzhou and Beijing. In 2006, it set up a representative office in The Netherlands.
The subject claims having more than 22 years of experience in international scrap metal trade. It is now handling over 15,000 MT of scrap materials monthly which are shipped from its worldwide suppliers. One of its prime markets is China.
The subject in Hong Kong is engaged in documents handling, sales and logistics support, financial and accounting administration. Business is normal.
The history of the subject in Hong Kong is over five years.
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.12 |
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UK Pound |
1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.52 |
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%)