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MIRA
INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
LYC INT'L (HONG KONG) LTD |
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Registered Office : |
RM 513, 5 Fl Delya Industrial Centre - Block C, 7 Shek Pai Tau Rd Tmtl
164 Tuen Mun New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.12.2002 |
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Com. Reg. No.: |
0826473 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Ball and Roller Bearings and Other Machine Tools. Sales and Distribution of Products to Local Market. |
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 7,500 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
LYC
INT'L (HONG KONG) LTD
RM 513, 5FL DELYA INDUSTRIAL CENTRE - BLOCK
C
7 SHEK PAI TAU RD TMTL 164 TUEN MUN NEW TERRITORIES, HONG KONG
TEL: 852-24268019 FAX: 852-24227239
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER
18, 2002
REGISTRATION NO. :
0826473
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. WEI WANG (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 7,500
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80197 = 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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Business / Branch Name (DBA): LEGEND
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares of
HKD 1.00/-each, fully paid
*Approved Signatures*
==================
Only Mr. Wei Wang can sign on behalf of the company with seal affixed.
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www.citybearing.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: lychk@lychk.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: 3
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Mr. Wei Wang Hong Kong 6,000.00 6,000.00 60.00
Mr. Xing-wang Liu Hong Kong 2,000.00 2,000.00 20.00
Mr. Yan-feng Wei Hong Kong 2,000.00 2,000.00 20.00
*Corporate Secretary*
=================
CHARTER SLOGAN LTD
C.R. no. : 406249
Address : 4Fl Po Cheong Commercial Bldg 29 Prat Ave, Tsimshatui,
Kowloon
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*COMPANY DIRECTORS*
======================
1
Name : Mr. Wei Wang
Nationality : Hong Kong
ID/Passport No. : 410305196010161513
Registered Address : Rm 513, 5Fl Block C 7 Shek Pai Tau Rd TMTL 164,
Tuen Mun, New Territories
Country of Residence : Hong Kong
2
Name : Mr. Xing-wang Liu
Nationality : Hong Kong
ID/Passport No. : 410305196010161513
Registered Address : 18 Xing Ye Lane
Country of Residence : China
3
Name : Mr. Yan-feng Wei
Nationality : Hong Kong
Registered Address : Flat 402, Unit 2 Bldg 6 - Block 28 Jian Dist
Country of Residence : China
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*Main Products & Services*
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Specializes in the following areas of work :
1. Trading of ball and roller bearings and other machine tools.
2. Sales and distribution of products to local market.
Product also include:
- Cylindrical roller sorting machine
Products: Angular contact ball bearings
CNC roller
bearing
CNC tapered roller
grinder
CNC track/flange
grinder
CNC worm
grinder
*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.
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SC is not known to have any subsidiary at present.
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
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SC is considered small-sized in its line with a development history of 6
years. Taking into consideration of SC’s general performance, a credit line up
to USD 7,500 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3500 Industrial
Machinery & Equipment
Trading 3545 Machine
tool accessories, and parts,
Trading 3562 Ball and
roller bearings, and balls, rollers and parts,
Trading 3569 General
industrial machinery and equipment, and parts,
Trading 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8466209040 Jigs
and fixtures, for machine tools
Trading 8467111040 Grinders,
polishers and sanders, suitable for metal working, rotary type (inc combined
rotary-percussion) pneumatic tools for working in the hand
Trading 8479 Machines
etc having individual functions, parts
Trading 8482 Ball
or roller bearings and parts
Trading 8482105008 Thrust
bearings
Trading 8482105068 Ball
bearings
Trading 8482500000 Other
cylindrical roller bearings
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Deep groove
ball bearings
Trader Cylindrical
roller bearings
Trader Self aligning
ball bearings
Trader Needle roller
bearings
Trader Thrust ball
bearings
Trader Angular
contact ball bearings
Trader Four point
contact balance
Trader Roller
super-finishing,
Trader Tapered roller
sorting machine
Trader Needle roller
sorting machine
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.34 |
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%)