MIRA
INFORM REPORT
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Report Date : |
25.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
BARRIER INT'L TRADING LTD |
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Registered Office : |
UG FL Newport Centre - Phase 1, 116-118 Ma Tau Kok Rd Tokwawan Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.08.2001 |
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Com. Reg. No.: |
0766899 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Providing Shipping and Forwarding Services |
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 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
BARRIER
INT'L TRADING LTD
UG FL NEWPORT CENTRE - PHASE 1,
116-118 MA TAU KOK RD TOKWAWAN KOWLOON, HONG
KONG.
TEL: 852-23081861 FAX: 852- 23081632
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 15, 2001
REGISTRATION NO. :
0766899
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
30
CAPITAL :
US$ 1,284
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79730 = 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 Name*
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(1)
Incorporated as : BARRIER CONFIRMING & TRADE FINANCE LTD
Date of incorporation : 15
August, 2001
Changed name to : BARRIER INT'L TRADING LTD
Date of change : 20 October, 2004
(2)
Also known as :
BARRIER FORWARDERS SHIPPING.
*Company Registration*
===================
(1)
License number : 0766899
Date issued : 15 August, 2001
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 32001052-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license Business
(3)
License number : 32001052-001
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
Paid-up capital : HKD 2.00 divided into 2 ordinary shares
at HKD 1.00/-each
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Chun-yin Hung can sign on behalf of the company with seal affixed.
www.barriergroup.net
The design is professional and the content is well organized. At present it is
in English version.
E-mail: enquiries@barriergroup.net
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: 2
Shareholders Country
%
-------------------------- ---------- -------
MANICON INT'L LTD Virgin Islands (British) 100.00
SC’s management details are not available at present.
*Main Products & Services*
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Engaged in providing shipping and forwarding services.
Products: Export documentation
Forwarding
Procurement
Shipping
Sourcing
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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.
*Bank Details*
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Bank Name : STANDARD
CHARTERED BANK
Branch :
Kwun Tong, Kowloon
Branch Address : Trade
Services Centre/F Standard Chartered Tower 3881 Kwun Tong Rd
SWIFT Code :
SCBLHKHH
Credit Opinion: USD 500,000.00
SC is considered small-sized in its line with a short history. A credit
line at the above amount appears beyond SC’s capacities, while a credit line up
to USD 50,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4412 Sea Foreign
Freight Trans
Service 4424 Sea
Domestic Freight Trans
Service 4449 Water
Freight Transport, NEC
Service 4499 Water
Transport Svc, NEC
Service 4731 Arrange
Trans Freight/Cargo
Service 4789 Transportation
Svcs, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9841 Deep sea
foreign freight transportation of freight
Service 9842 Deep sea domestic
freight transportation of freight
Service 9852 Freight
transportation arrangement, nvocc, customs brokerage
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%)