MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
DREAMY TIN BOX LTD |
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Registered Office : |
RM A09, 9FL Proficient Industrial Centre - Block A 6 Wang Kwun Rd
Kowloon Bay Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.03.2003 |
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Com. Reg. No.: |
0839023 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of Tin Cans and other related products of all
sizes and designs |
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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
DREAMY
TIN BOX LTD
RM A09, 9FL PROFICIENT INDUSTRIAL CENTRE -
BLOCK A
6 WANG KWUN RD KOWLOON BAY KOWLOON, HONG
KONG.
TEL: 852-23933775 FAX: 852-23808895
EXECUTIVE SUMMARY
INCORPORATION DATE : MARCH 18, 2003
REGISTRATION NO. :
0839023
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YAU-SHING YU (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,280
BUSINESS LINE : TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.79826 = 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 : 0839023
Date issued : 18 March, 2003
Issuing authority : Companies Registry
Legal form : Private company
Type of license : A company owned by shareholders,
incorporated with limited liability and confirmed with the respective
Government authorities to legally exist.
(2)
License number : 33451747-000
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 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
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Type of building : Commercial
Other tel no. : 2393557
*Approved Signatures*
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Mr. Yau-shing Yu can sign on behalf of the company with seal affixed.
*Registrar*
=========
DOUGLAS SECRETARIAL SERVICES LTD
www.dreamytinbox.com.hk
The design is professional and the content is well organized. At present it is
in English version.
E-mail: sales@dreamytinbox.com.hk
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: 10,000
Shareholders Country
Number Amount (HKD) %
Mr. Yau-shing Yu Hong Kong 5,000.00
5,000.00 50.00
Ms. Pyon Yuk-ching Shing Hong Kong 5,000.00 5,000.00 50.00
*Company Secretary*
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Pyon Yuk-ching Shing
National ID number : G178345(8)
Address : Rm
B 14Fl Welland court 244 Fa Yuen St, Mongkok, Kowloon Hong Kong
Date of Birth : 25
August, 1966
*COMPANY DIRECTORS*
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1
Name :
Mr. Yau-shing Yu
Nationality :
Hong Kong
ID/Passport No. :
C553716(7)
Registered Address : Rm A 21Fl
Fook Ki Court Holford Garden, Tai Wai Shatin, New Territories
Country of Residence : Hong
Kong
2
Name :
Ms. Pyon Yuk-ching Shing
Date of Birth : 25
Aug, 1966
Nationality :
Hong Kong
ID/Passport No. :
G178345(8)
Registered Address : Rm B
14Fl Welland Court 244 Fa Yuen St, Mongkok, Kowloon
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of tin cans and other related products of
all sizes and designs such as:
- Rectangular Shape
-general & seasonal
item
- confectionery tin cans
- CD tin case & watch
tin case
- lunch box & brief
case
- tea leaves tin cans
- stationery tin case
- tray & ashtray
- Round Shape
- general & seasonal
item
- confectionery tin cans
- CD tin case & watch
tin case
- tea leaves tin cans
- stationery tin case
- tray & ashtray
- coaster & badge
- candle tin & candle
holder
- Square Shape
- general & seasonal
item
- confectionery tin cans
- CD tin case
- tea leaves tin cans
- stationery tin case
- Oval Shape
- general & seasonal item
- confectionery tin cans
- watch tin case
- tea leaves tin cans
- stationery tin case
- Heart Shape
- general & seasonal
item
- confectionery tin cans
- lunch box
- Pail
- general & seasonal
item
- candle tin & candle
holder
- Hexagon Shape
- general & seasonal
item
- confectionery tin cans
& tea leaves tin canister
- candle tin & candle
holder
- Octagon Shape
- general & seasonal
item- confectionery tin cans
- tea leaves tin cans
- stationery tin case
- Special Shape
- general & seasonal
item
- confectionery tin cans
- CD tin case & watch
tin case
- lunch box & brief
case
- tea leaves tin cans
- stationery tin case
- tray & ashtray
- hot pad & coaster
3. Sales and distribution of purchased product to local and
international markets.
*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)
*Exhibition Participation*
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Exhibition fair : Hong Kong
Gifts & Premium Fair 2008
Dates attended : 28 April - 1 May, 2008
Location : Hong Kong
Convention & Exhibition Center
*Local Distribution Network*
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Approximately 10% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 90% of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in Dougguan, China. Details as follows:
Area size : 6,000 sq. meters
Location : Side of Guanlong
main public road
Comment : Maintains the
following :
- 10
production line and providing support service.
- 5-10
R&D stafff and 11-20 QC staff
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.
SC is considered small-sized in its line with a development history of 5
years. Taking into consideration of SC’s general performance, a credit line up
to USD 5,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3400 Fabricated
Metal Products
Trading 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8000 Tin
& articles thereof
Trading 8007001010 Tin
articles suitable for food or beverage service not preciousmetal plated
Trading 8007001050 Tin
artcls for household kitchen or table use; tolt and sani ware, all frgng nt
coated or platd w precious metal
Trading 8007005000 Tin
artcls such as: contnrs, collpsbl tbs, pewtr artls, capcty measurs, anodes
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Tin
Trader Tin
plates
Trader Tinware
Trader Tin
packages
Trader Tin toys
Trader Confectionery
tin cans
Trader Tin trays
Trader Tin
badges
Trader Lunch tin
boxes
Trader Candy tin
cans
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.34 |
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UK Pound |
1 |
Rs.86.53 |
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Euro |
1 |
Rs.68.54 |
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%)