MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
RICH BRILLIANT LTD |
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Registered Office : |
RM 1205 Tung Che Commercial Centre 246 Des Vouex Rd West Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.05.1992 |
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Com. Reg. No.: |
0357551 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a wide range of Clothing Wear and Accessories for Ladies. |
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 15,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
RICH
BRILLIANT LTD
RM 1205 TUNG CHE COMMERCIAL CENTRE
246 DES VOUEX RD WEST POINT, HONG KONG
TEL: 852-28030699 FAX: 852-28030308
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
14, 1992
REGISTRATION NO. :
0357551
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SIU-PO CHAN (DIRECTOR)
STAFF STRENGTH :
5
CAPITAL : US$ 158,098
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 15,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80405 = 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 : 0357551
Date issued : 14 May,
1992
Issuing authority : Companies
Registry
Type of license : Corporate
License
(2)
License number : 15741097-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Name
*Capital Details*
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Authorized capital : HKD
1,230,000.00 fully paid
*Office & Facilities*
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Previous address : Rm 2502
Singga Commercial Bldg 144-151 Connaught Rd West Hong Kong
*Approved Signatures*
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Only Mr. Siu-po Chan 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 : 1,230,000
Shareholders Country Number Amount (HKD) %
------------------------ -------------- -------------- ----------------- -------
Mr. Wei-gao Chen Hong Kong 620,000.00 620,000.00 50.41
Mr. Siu-po Chan Hong Kong 610,000.00 610,000.00 49.59
Management: Mr. Hok Lam, Secretary
Name Nationality Job Description
Mr. Hok Lam Hong Kong Secretary
*COMPANY DIRECTORS*
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1
Name : Mr. Siu-po Chan
Nationality : Hong Kong
ID/Passport No. : K728587(6)
Registered Address : Rm 205 Tung Che Commercial Centre 246 Des Vouex Rd
Country of Residence : Hong Kong
2
Name : Mr. Wei-gao Chen
Nationality : Hong Kong
ID/Passport No. : K591143(5)
Registered Address : Rm 205 Tung Che Commercial Centre 246 Des Vouex Rd
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading a wide range of clothing wear and accessories for
ladies.
Products: Bridal wear
Handbags
Ladies'
nightwear
Shawls rayon
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
SC is not known to have any subsidiary at present.
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.
SC’s financial details are not available at present.
SC is considered small-sized in its line with a development history of
16 years. Taking into consideration of SC’s general performance, a credit line
up to USD 15,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2335 Women's and
misses' dresses
Trading 2381 Fabric
dress and work gloves
Trading 2384 Robes and
dressing gowns
Trading 2393 Textile
bags
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 3926903300 Handbags
of beads, bugles & spangles
Trading 6104442010 Women's
dresses, knitted or crocheted, of artificial fibers, containing less than 23
percent of wool or fine animal hair
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%)