MIRA
INFORM REPORT
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Report Date : |
18.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
YURIKO TRADING CO |
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Registered Office : |
RM 1211, 12Fl The Metropolis Residence Block 2, 8-9 Metropolis Drive
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 1, 2002 |
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Com. Reg. No.: |
33018210-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Operating as a money changer or remittance agent. |
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
YURIKO TRADING CO
RM 1211, 12FL THE METROPOLIS RESIDENCE BLOCK 2,
8-9 METROPOLIS DRIVE HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23111293
FAX: 852-35287227
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 1, 2002
REGISTRATION NO. :
33018210-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. KIN CHAN (CEO)
STAFF STRENGTH :
2
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
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 :
FAIR STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79954 = 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
*Reputation*
==========
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.
Based on corporate filing regulations for this type of entity in Hong Kong,
there is either, no requirement for Shareholders or no requirement for public
disclosure of Shareholders.
Management: Mr. Kin Chan, CEO
Name Nationality Job Description
Mr. Kin Chan Hong Kong CEO
*Key Personnel*
============
Kin Chan
Founder :
Sole Founder
HKID no. :
C4648860
Address :
Unit A 9Fl Century House 3-4 Hanoi Rd Tsimshatsui Kowloon Hong Kong
Mobile no. :
92588255
*Main Products & Services*
======================
Operating as a money changer or remittance agent.
Products: Money changers agent
Remittance
agents
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 sole proprietorship 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 should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9300 Finance,
Taxation, & Monetary
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9976 Currency
exchange
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%)