MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG TEAM TRADE LTD |
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Registered Office : |
Units 1708-1716, 17FL Grand Century Place - Tower 1, 193 Prince Edward Rd West Mongkok Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.05.2002 |
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Com. Reg. No.: |
0799906 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading Consumer Products |
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
HONG
KONG TEAM TRADE LTD
UNITS 1708-1716, 17FL GRAND CENTURY PLACE -
TOWER 1,
193 PRINCE EDWARD RD WEST MONGKOK KOWLOON,
HONG KONG.
TEL: 852-22748888 FAX: 852-22644488
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
29, 2002
REGISTRATION NO. :
0799906
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GERHOLD WIEKE (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 6,418
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80099 = 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 : 0799906
Date issued : 29 May, 2002
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 32691255-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Office & Facilities*
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Comment: Premises is shared with parent company, EURO CENTRA CO
LTD.
*Capital Details*
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Authorized capital: HKD 50,000.00 divided into 1,000 ordinary shares at
HKD 50.00/-each, fully paid
*Corporate & Organization Structure*
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Corporate Management
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STRATFIELD TRADING LTD
Position held :
Director
*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.
*Approved Signatures*
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Achim Keppner can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
E-mail: w.gerhold@hkteamtrade.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 1,000
Shareholders Number
Amount (HKD) %
------------------------- ---------- ------------------- --------
EURO CENTRA CO LTD 1,000.00 50,000.00 100.00
*Company Secretary*
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EARNLINK MANAGEMENT LTD
Address : Rm 2202, 22Fl
Sing Pao Bldg 101 King's Rd Hong Kong
Cr no. : 242393
Management: Mr. Gerhold Wieke, Manager
Name Nationality
Job Description Dept. / Division
Mr. Gerhold Wieke Hong Kong
Manager Project
*Main Products & Services*
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Specializes in trading consumer products.
Products: Consumer products
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
46
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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 short history. Taking
into consideration of SC’s general performance, a credit line up to USD 5,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3999 Manufactured
articles,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9600 Miscellaneous
manufactured articles
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%)