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MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUN FASHION (HK) CO LTD |
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Registered Office : |
RM 1112-13, 11FL New East Ocean Center 9 Science Museum Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.07. 1991 |
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Com. Reg. No.: |
316419 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and Exporting of various Garments. Sales and Distribution of products to international markets. |
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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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SUN
FASHION (HK) CO LTD
RM 1112-13, 11FL NEW EAST OCEAN CENTER
9 SCIENCE MUSEUM RD TSIMSHATSUI KOWLOON,
HONG KONG.
TEL: 852-23666238 FAX: 852-23112022
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 2, 1991
REGISTRATION NO. :
316419
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HIDEYUKI WAKABAYASHI (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 326,504
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 100,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80431 = 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
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*Company Name*
=============
Incorporated as : APEX LAND TRADING LTD
Date of incorporation : 2
July, 1991
Changed name to : SUN FASHION (HK) CO LTD
Date of change : 3 September, 1991
*Company Registration*
===================
(1)
License number : 316419
Date issued : 2 July, 1991
Issuing authority :
Registrar of Companies
Legal form :
Private limited company
Type of license : Corporate
(2)
License number : 14842921-000
Issuing authority : Inland Revenue Department
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 2,540,200 divided into 25,402 shares
at HKD 100.00/-each, fully paid
*Office & Facilities*
===============
Location : Commercial district
Type of building : Commercial building
Previous address : Rm 803, 8Fl East Ocean Centre 98
Granville Rd Tsimshatsui Kowloon
*Approved Signatures*
===================
Any of the following directors can sign on behalf of the company with
seal affixed.
- DAPATLAW SECRETARIES LTD
- Hideyuki Wakabayashi
*Registrar*
=========
COMMENCE SECRETARIES LTD
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SC is not known to host website of its own at present.
E-mail: sunfhk@netvigator.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 10
Total number of shares: 25,402
Shareholders Country Number Amount (HKD) %
------------------------ ------------ ------------- -------------------- ------
SANKEI CO LTD Japan 16,936.00 1,693,600.00 66.67
EAST POINT CO LTD Japan 1,693.00 169,300.00 6.66
I LUE CO LTD Japan 1,693.00 169,300.00 6.66
SUNLINE SANKEI Hong
Kong 1,693.00 169,300.00 6.66
(HONG KONG) CO LTD
BRILLIANT HARVEST Hong
Kong 1,129.00 112,900.00 4.44
CO LTD
KYOEI IRYO CO LTD Japan 1,129.00 112,900.00 4.44
TSUBAME COAT CO LTD Japan 1,129.00 112,900.00 4.44
*Company Secretary*
=================
DAPATLAW SECRETARIES LTD
Address : 2503 Bank of America Tower 12 Harbour Rd Central Hong
Kong
E-mail : commence@commencegroup.com
CR no : 42064
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*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Hideyuki Wakabayashi
Nationality :
Japan
Registered Address
: Rm 1112-13, 11Fl New East Ocean
Center 9 Science Museum Rd, Tsimshatsui East,
Kowloon
Country of Residence Hong Kong
2
Name :
Mr. Yoichiro Yamamoto
Nationality :
Japan
ID/Passport No. :
K659058(6)
Registered Address : Rm
1112-13, 11Fl New East Ocean Center 9 Science Museum Rd, Kowloon
Country of Residence : Hong
Kong
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*Main Products & Services*
======================
Specializes in the following areas of work:
1. Manufacturing and exporting of various garments.
2. Sales and distribution of products to international markets.
3. Handles sales inquiries and orders as well as shipping of garments.
Note:
- All manufacturing activities are currently being handled by its
affiliate factory located in Shenzhen China which employs more than 100
workers.
Products: Blouses
Children's
wear
Dresses
Garments
Jackets
*Payment Terms*
=============
Sales
------
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=======================
There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export to Japan.
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*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : SHANGHAI
SANKEI GARMENTS ENTERPRISES CO LTD
Address :
1388 Zhouzhu Rd Zhoupu Town Nanhui Hsien Shanghai 201321 China
Country :
China
Relationship : Minor Investments
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Garments & Accessories
Company Name : SUNLINE
SANKEI (HK) CO LTD
Address :
1Fl Pista Bldg 171 Hoi Bun Rd Kwun Tong Kowloon Hong Kong
Country :
Hong Kong
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Garments & Accessories
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PAYMENT RATING : 3 OBTAINED SCORES :
60
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS *
===============
Bank Name : BANK
OF CHINA (HONG KONG) LTD
Branch :
Central, Hong Kong
Branch Address : 13Fl
Bank Of China Tower 1 Garden Rd Central Hong Kong (Head Office)
SWIFT Code :
BKCHHKHH
Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central, Hong Kong
Branch Address : 9Fl
HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
HSBCHKHH
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SC is considered small-sized in its line with a development history of 17
years. A credit line at the above amount appears beyond SC’s capacities, while
a credit line up to USD 100,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2253 Knit
outerwear
Exporting 2300 Apparel/Other
Textile Products
Exporting 2311 Men's
and boys' suits and coats, except raincoats
Exporting 2321 Men's
and boys' shirts
Exporting 2325 Men's
and boys' separate trousers and casual slacks
Exporting 2329 Men's
and boys' clothing,
Exporting 2331 Women's
and misses' blouses and shirts
Exporting 2335 Women's
and misses' dresses
Exporting 2337 Women's
and misses' suits, skirts, and coats
Manufacturing 2211 Broad
woven fabrics, cotton
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 4203100010 Coats & jackets (not of reptile leather)
Exporting 6103 Men's
or boys' suits, ensembles etc, knit or crocheted
Exporting 6104 Women's
or girls' suits, ensemb etc, knit or crocheted
Exporting 6104220030 Women's or girls' ensembles, knitted or crocheted, of cotton,
skirts and divided skirts
Exporting 6104420010 Women's dresses, knitted or crocheted, of cotton
Exporting 6106 Women's
or girls' blouses & shirts, knit or crocheted
Exporting 6109 T-shirts,
singlets, tank tops etc, knit or crocheted
Exporting 6110 Sweaters,
pullovers, vests etc, knit or crocheted
Exporting 6114 Garments,
knitted or crocheted
Exporting 6114900007 Other garments, knitted or crocheted, of other textile
materials: tops, containing 70 percent or more by weight of silk or silk waste,
women or girls
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Plain
blouse
Exporter Skirts
Exporter Sportswear
Exporter Trousers
Exporter Sweatshirts
Exporter Slacks
Exporter Silk
garments
Exporter Knitwear
Exporter Garments
Exporter Dresses
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Japan
Importing from Asia
Importing from China
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%)