MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
LOTUS (HK) LTD |
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Registered Office : |
Rm 1107, 11FL Ming Pao Industrial Centre - Block A, 18 Ka
Yip St Chai Wan Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
August 9, 2004 |
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Com. Reg. No.: |
916113 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchase of stationery, office requisites,
equipment for draughtsman and surveyor. Trade and distribution of purchased products to local and export
market. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
LOTUS (HK) LTD
RM 1107, 11FL MING PAO INDUSTRIAL CENTRE - BLOCK A
18 KA YIP ST CHAI WAN HONG KONG, HONG KONG.
TEL : 852-25564231
FAX : 852-25153372
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 9, 2004
REGISTRATION NO. :
916113
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KWOK-WAI CHOI (MANAGER)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75846 = 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 : 916113
Date issued : 9 August,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34828985-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Paid-up capital : HKD
10,000.00 divided into 10,000 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 Mr. Xiao-xi Huang can sign on behalf of the company with seal
affixed.
www.lotuspen.com this website
belongs to “Guangzhou Lotus Group”. The design is professional and the content
is well organized. At present it is in both Chinese and English versions.
E-mail: edmund@lotushk.corp.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder : 1
Total number of shares :
10,000
Shareholder's Name No of Ordinary
Shares Amount of Shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- ----------------
DE FORTUNE HOLDINGS LTD 10,000 10,000.00 100.00
*Directors' Details*
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(1)
Mr. Chi-fai Cheung
National ID number : C383679(5)
Address :
Flat 8, 20Fl Tung King House - Tung Yuk Court 8 Oi Yin St Shau Kei Wan Hong
Kong
(2)
Mr. Xiao-xi Huang
Passport number : G12593767
Address :
2709 Hu Qing Ping Rd Qing Pu Dist Shanghai China
(3)
Mr. Zhi-jie Huang
Passport number : G09040201
Address : 5 Hongcao Town Shanwei Guangdong China
*Company Secretary*
=================
Mr. Chi-fai Cheung
National ID number : C383679(5)
Address :
Flat 8, 20Fl Tung King House - Tung Yuk Court 8 Oi Yin St Shau Kei Wan Hong
Kong
Management: Mr. Kwok-wai Choi, Manager
Name Nationality
Job Description
Mr. Kwok-wai Choi Hong Kong
Manager
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing and local purchase of stationery, office requisites,
equipment for draughtsman and surveyor.
2. Trade and distribution of purchased products to local and export
market.
Products also include:
Neutral pen for core
- QB main page
- Q spot synopsis
- Q spot neutral pen for
core series
Neutral pen
- GP-003 big shark neutral
pen (frosting)
- 5,621 service industries
special-purpose desk pens
- 111 neutral pen for core
- B033 JELL-PEARL dodges
- 717 neutral pen for core
- GP-201 LUDY neutral pen
Color of stick crystal
- Colors of stick 2,356
crystals
- 2,626 pearly luster
crystals color stick
- Color of stick 810G crystal
- Color of stick 820-3C crystal
- Color of stick 820G crystal
Products: Artist materials
Equipment,
draughtsman
Neutral pen
core
Office
requisites
Stationery
*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*
=======================
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.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 4 OBTAINED SCORES :
48
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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 : BANK OF
CHINA (HONG KONG) LTD
Branch : Chai
Wan
Swift code : BKCHHKHH
SC is considered small-sized in its line with a short history. Credit dealings
with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2678 Stationery
products
Trading 3951 Pens,
mechanical pencils, and parts
Trading 3952 Pencils,
office, and art supplies
Trading 5112 Stationery
& Office Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3213 Artist
colors etc in tablets, tubes, jars etc.
Trading 3926100000 Office
or school supplies of plastic
Trading 4817 Envelopes,
postcards etc & boxes etc of stationery
Trading 9603302000 Artists
brushes, writing brushes & similar brushes for application of
cosmetics,
valued not over .05 each
Trading 9608 Pens
(ball point, soft tip etc), mech pencils etc, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Artist
materials
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Importing from Asia
Importing from Japan
Importing from South Korea
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%)