MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAI SANG ENTERPRISE LTD |
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Registered Office : |
RM 2104C 21FL Admiralty Centre - Tower 1 18 Harcourt Rd Admiralty |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.01.2007 |
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Com. Reg. No.: |
1105218 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Export and Distribution of Electronic Items, Clothes, Home Appliances
and Textile Fabrics |
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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Status : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address of the company
TAI
SANG ENTERPRISE LTD
RM 2104C 21FL ADMIRALTY CENTRE - TOWER 1
18 HARCOURT RD ADMIRALTY, HONG KONG.
TEL: 852-21571757 FAX: 852-30075807
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 26, 2007
REGISTRATION NO. :
1105218
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DHARMESH P. SHAH (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,284
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
TO SMALL AMOUNT
MARKET CONDITION :
FAIR
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*
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(1)
License number : 1105218
Date issued : 26 January, 2007
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 37923338-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 shares at HKD
1.00/-each
*Corporate & Organization Structure*
===========================
Corporate Management
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PINNACLE CONSULTANT CO LTD
Position held : Managing
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.
SC is not known to host website of its own at present.
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: 10,000
Shareholders Number
Amount (HKD) %
--------------------------- ----------- ------------------ ----
Mr. Dharmesh P. Shah 10,000.00 10,000.00
100
*Company Secretary*
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Previous company secretary
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COMPANY KIT REGISTRATIONS LTD
Date resigned : 10 May, 2007
Management: Ms. Lara Luo, Representative
Name Nationality Job Description
Ms. Lara Luo Hong Kong Representative
*Main Products & Services*
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Specializes in the export and distribution of electronic items, clothes,
home appliances and textile fabrics.
Products: Clothes
Electronic
items
Home
appliances
Textile
fabrics
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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2% of the annual turnover is attributed to local sales.
*Export Markets*
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98% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : ZHUJI EMBROIDERY MACHINERY FACTORY
Address : 13Fl Yin
Shang Bldg 9 Genta Rd Zhuji 311800 Zhejiang China
Country : China
Relationship : Affiliate
Legal Form : Private company
with limited liability
Company Type : Manufacturer
Industry : Machinery
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains 86 employees in China factory.
PAYMENT RATING : 5 OBTAINED SCORES :
33
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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.
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. Credit
dealings with SC are recommended under secured terms.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2299 Textile
goods,
Exporting 2300 Apparel/Other
Textile Products
Exporting 2389 Apparel
and accessories,
Exporting 2399 Fabricated
textile products,
Exporting 3600 Electronic
& Electric Equip.
Exporting 3639 Household
appliances, and parts,
Exporting 3679 Electronic
components,
Exporting 5065 Electronic
Parts/Equip, NEC
Trading 2299 Textile
goods,
Trading 2300 Apparel/Other
Textile Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5907 Textile
fabric, coated, etc, theatrical scenery, back-cloths
Exporting 5911 Textile
products etc. for specific tech uses
Exporting 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Exporting 6114 Garments,
knitted or crocheted
Exporting 6117 Made-up
clothing access. parts etc. knit etc
Exporting 8509 Electromech
domestic appliances; parts
Exporting 8542 Electronic
integrated circuits & microassembl, parts
Trading 5907 Textile
fabric, coated, etc, theatrical scenery, back-cloths
Trading 5911 Textile
products etc. for specific tech uses
Trading 6100 Articles of
apparel & clothing accessories-knitted or crocheted
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Textile
fabrics
Trader Home
appliances
Trader Clothes
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Bangladesh
Exporting to China
Exporting to Europe
Exporting to India
Exporting to Sri Lanka
Exporting to United Kingdom
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%)