MIRA
INFORM REPORT
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Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAX RESOURCES TRADING LTD |
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Registered Office : |
Units 715 & 717 Hk Int'l Trade & Exhibition Center 1 Trademart
Drive Kowloon Bay Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.02.1993 |
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Com. Reg. No.: |
0404252 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of Wide Range of Beach Towel, Kitchen Accessories,
Throw Pillow and Throw Blanket, Knitting Fabrics, Men's & Boys' Clothing
and Furnishing |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
MAX
RESOURCES TRADING LTD
UNITS 715 & 717 HK INT'L TRADE &
EXHIBITION CENTER
1 TRADEMART DRIVE KOWLOON BAY KOWLOON, HONG
KONG.
TEL: 852-27230387 FAX: 852-23113775
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 23, 1993
REGISTRATION NO. :
0404252
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. LINDA SUET-FAN CHEUNG (CHAIRMAN)
STAFF STRENGTH :
75
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80187= 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 : 0404252
Date issued : 23 February, 1993
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 16687751-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00 divided into 10,000 ordinary shares
PAid-up capital : HKD 2.00 divided into 2 ordinary
shares
*Office & Facilities*
================
Other tel. no. 29927022
Previous Contact Details
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Address : Units A & B 10Fl China Minmetals
Tower 79 Chatham Rd South Tsimshatsui Kowloon
Date of relocation : 10
August, 2007
*Corporate & Organization Structure*
=============================
CHAPWAY LTD
Position held : Director
Address : Sea Meadow
House Blackburne Highway Road Town Tortola Virgin Islands (British)
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signature*
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Only Ms. Linda Suet-fan Cheung can sign on behalf of the company with
seal affixed.
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: 2
Total number of shares: 2
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) %
of Shares
-------------------------- -------------------------- --------------------------------- ----------------
FANLAU LTD 1.00 1.00 50.00
VENCOURT LTD 1.00 1.00 50.00
*Company Secretary*
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(1)
TMF HONG KONG LTD
Address : 38Fl Lippo Center
- Tower I 89 Queensway Hong Kong
CR number : 1003174
(2)
BAKER TILLY HONG KONG BUSINESS SERVICES LTD
Address : 12Fl Shun Tak
Centre - China Merchants Tower 168-200 Connaught Rd
CR number : 96886
Management: Mr. Hazel Hou, CEO
Name Nationality Job Description
Mr. Hazel Hou Hong Kong CEO
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of beach towel, kitchen accessories,
throw pillow and throw blanket, knitting fabrics, men's & boys' clothing
and furnishing.
2. Sales and distribution of purchased products to local and
international markets.
Products: Beach towels
Blankets
Boys' clothes
Home decorative
products
Kitchen
accessories
*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
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Overseas Customers*
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Oveseas customers include:
- JCP
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED
SCORES : 52
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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 MODERATE 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 medium-sized in its line with a long history. Credit up
to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2299 Textile
goods,
Trading 2329 Men's and
boys' clothing,
Trading 2389 Apparel and
accessories,
Trading 2392 House
furnishings,
Trading 2515 Mattresses
and bedsprings
Trading 3263 White ware
table & kitchen goods
Trading 5136 Clothing
& Furnishing, male
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5911 Textile
products etc. for specific tech uses
Trading 6101 Men's
or boys' overcoats etc, knit or crocheted
Trading 6105 Men's
or boys' shirts, knitted or crocheted
Trading 6114 Garments,
knitted or crocheted
Trading 6205 Men's
or boys' shirts, not knitted or crocheted
Trading 6301 Blankets
and traveling rugs
Trading 6302 Bed
linen, table linen, toilet linen & kitchen linen
Trading 6302210015 Other
bed linen, printed: of cotton, pillowcases
Trading 6302312010 Bed
linen: other than printed, not knit cotton pillowcases, napped, not
embroidered, lace, braid, edging, trimming, piping or applique worketc.
Trading 6304 Furnishing
articles of textile materials
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Knitting
fabrics
Trader Men's
clothing
Trader Boys'
clothes
Trader Men's &
boy's furnishings
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
Importing from Taiwan
Importing from Thailand
Importing from Turkey
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%)