MIRA
INFORM REPORT
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Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
LITE SOURCE MFG CO LTD |
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Registered Office : |
Suite 1009, 10fl Silvercord Tower 1, 30 Canton Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.07.2002 |
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Com. Reg. No.: |
804869 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Trader of Building Materials, Electronics 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 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
LITE
SOURCE MFG CO LTD
SUITE 1009, 10FL SILVERCORD TOWER 1,
30 CANTON RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-24461740 FAX: 852-24461742
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 5, 2002
REGISTRATION NO. :
804869
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HEMANG BHAGWANDAS SHAH (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
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 7.78660 = 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
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 100 ordinary shares at
HKD 100.00/-each, fully paid
*Office & Facilities*
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Other e-mail : lite@hknet.com (product information)
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Hemang Bhagwandas Shah can sign on behalf of the company with
seal affixed.
www.design-999.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: lite@design-999.com
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
: 100
Shareholders' Name No of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- --------------------------- -------------------------------- ----------------
Mr. Hemang Bhagwandas Shah 90 9,000.00 90.00
Ms. Reena Hemang Shah 10 1,000.00 10.00
*Company Secretary*
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MEGATEAM CORPORATE SERVICES LTD
CR No. : 918281
Address : Units 1704-05, 17Fl Alliance Bldg 136 Connaught Rd Central
Hong Kong
*Company Directors*
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1
Name :
Mr. Hemang Bhagwandas Shah
Nationality :
India
ID/Passport No. :
P889079(3)
Registered Address : 2Fl
Grand View Mansion 119A Chatham Rd South Block A, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
2
Name :
Ms. Reena Hemang Shah
Nationality :
Hong Kong
ID/Passport No. :
P909753(1)
Registered Address : 2Fl
Grand View Mansion 119A Chatham Rd South Block A
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in the local trade of building materials, electronics and
other related products.
Products: Aluminum composite panel
Building
materials
Car CD players
DVD players
Fancy plywood
*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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Majority 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)
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Company Name : ZYTEL
SYSTEMS
Address :
Suite 1009, 10Fl Silvercord Tower 1, 30 Canton Rd Tsimshatsui Kowloon Hong Kong
Country :
Hong Kong
Relationship :
Affiliate
Legal Form :
Sole-proprietorship
Company Type : Trader
Industry :
Construction & Construction Materials
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in China with the following details :
Address : 8 Jin Yuan St
Fen Jiang Nan Rd Foshan Guangdong
Tel no. : 757-83380821
Fax no. : 757-83339350
PAYMENT RATING : 4 OBTAINED SCORES :
46
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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 6 years development
history. 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
Service 1629 Heavy
Construction, NEC
Trading 3231 Products of purchased glass,
Trading 3429 Hardware,
Trading 3679 Electronic
components,
Trading 5031 Lumber/Plywood/Millwork
Trading 5039 Construction
Materials, NEC
Trading 5065 Electronic
Parts/Equip, NEC
Trading 5200 Building
Materials and Garden
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9818 Heavy
construction
Trading 4412995500 Plywood
Trading 7005 Float
glass & surf ground or polished sheets etc
Trading 8302 Hardware,
fixtures, castors etc & parts, base metal
Trading 8542 Electronic
integrated circuits & microassembl, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Home theater
systems
Trader Car CD
players
Trader Furniture,
hardware fittings
Trader Float
glass
Trader Sheet
glass
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to India
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%)