MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL SOURCES TRADING LTD |
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Registered Office : |
4FL Hong Kong Spinners Industrial Bldg - Block 1 800 Cheung Sha Wan Rd
Cheung Sha Wan Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.03. 1994 |
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Com. Reg. No.: |
0509774 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading wide range of Textile Materials, Clothing, Footwear and other
Related Products. |
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 8,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
INTERNATIONAL
SOURCES TRADING LTD
4FL HONG KONG SPINNERS INDUSTRIAL BLDG -
BLOCK 1
800 CHEUNG SHA WAN RD CHEUNG SHA WAN
KOWLOON, HONG KONG.
TEL: 852-31011627 FAX: 852-23070412
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 28, 1994
REGISTRATION NO. :
0509774
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BRUCE PHILIP ROCKOWITZ (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,285
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 8,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80689 = 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
Registered Legal Address: 11Fl Lifung Center 888 Cheung Sha Wan Rd
Cheung Sha Wan Kowloon
*Company Name*
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Incorporated as : WIN
CERTAIN LTD
Date of incorporation : 28 March, 1994
Changed name to : INTERNATIONAL
SOURCES TRADING LTD
Date of change : 15
October, 2003
*Company Registration*
===================
(1)
License number : 0509774
Date issued : 28
March, 1994
Issuing authority : Companies
Registry
Type of license : Corporate license
(2)
License number : 19683174-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
license
*Capital Details*
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Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares of HKD 1.00/-each
*Approved Signatures*
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Only Mr. Terry Mei-chow Wan can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
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: 2
Shareholders Country Number Amount (HKD) %
------------------- ----------------------- ---------- ------------------ --------
APPLETON HOLDINGS LTD Virgin Islands (British) 1.00 1.00 50.00
KINGSBURY INT'L LTD Hong Kong 1.00 1.00 50.00
*COMPANY DIRECTORS*
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1
Name : Mr. Bruce Philip Rockowitz
Nationality : Hong Kong
ID/Passport No. : 748729(0)
Registered Address : Flat C1-3, 9-11 Horizon Drive
Country of Residence : Hong Kong
2
Name : Mr. Kam-chuen Yim
Nationality : Hong Kong
ID/Passport No. : E666717(5)
Registered Address : House 53B 10th St Hong Lok Yuen
Country of Residence : Hong Kong
3
Name : Mr. Marc Robert Compagnon
Nationality : Hong Kong
ID/Passport No. : K819898(5)
Registered Address : House 76 The Redhill Peninsula Cedar Drive 18 Pak
Pat Shan Rd
Country of Residence : Hong Kong
4
Name : Ms. Emily Oi-wai Mok
Nationality : Hong Kong
ID/Passport No. : E847290(8)
Registered Address : House 10, 2nd St Hong Lok Yuen
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading wide range of textile materials, clothing,
footwear and other related products.
Products: Clothing
Footwear
Knitted
textiles
Textiles
Woven textiles
*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*
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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.
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : IDS (HONG KONG) LTD
Address : 15Fl Li Fung Centre 2 On Ping St Siu Lek Yuen Hong Kong Hong
Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
Company Name : LI & FUNG LTD
Address : 11Fl Lifung Center 888 Cheung Sha Wan Rd Cheung Sha Wan
Kowloon Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Trader
Industry : Consumer Products
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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
14 years. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 8,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories,
Trading 3149 Footwear,
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4203100090 Articles
of apparel
Trading 5911 Textile
products etc. for specific tech uses
Trading 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Trading 6114 Garments,
knitted or crocheted
Trading 6114900000 Other
garments of other textile materials, knitted or crocheted
Trading 6117 Made-up
clothing access. parts etc. knit etc
Trading 6117809070 Other
made up clothing accessories, knitted or crocheted, parts of garments: other
accessories of other textile materials
Trading 6200 Articles
of apparel & clothing accessories-not knitted or crocheted
Trading 6217 Made-up
clothing access, garment etc parts
Trading 6307 Made-up
articles of textile materials
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Europe
Importing from North America
Importing from USA
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%)