MIRA
INFORM REPORT
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Report Date : |
07.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
NICCO INDUSTRIES CO LTD |
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Registered Office : |
RM 1506 Cornell Centre 50 Wing Tai Rd Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.03.2003 |
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Com. Reg. No.: |
0839450 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of Wide Range of Green Power Energy Products
like Multi-Functional Flashlights 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
NICCO
INDUSTRIES CO LTD
RM 1506 CORNELL CENTRE
50 WING TAI RD CHAI WAN, HONG KONG.
TEL: 852-25563298 FAX: 852-28898939
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 18, 2003
REGISTRATION NO. :
0839450
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YIK-HONG LEE (CHAIRMAN)
STAFF STRENGTH :
7
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 7.78769 = 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 History*
===============
September 2007 - Launched the
new product MT- 066.
October 2007 - Launched the
new product MT- 071.
*Company Name*
=============
Incorporated as : SHARP CHAMPION INT'L LTD
Date of incorporation : 18
March, 2003
Changed name to : NICCO INDUSTRIES CO LTD
Date of change : 11 April, 2003
*Company Registration*
===================
(1)
License number : 0839450
Date issued : 18
March, 2003
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 33560592-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares at HKD 1.00/-each
*Office & Facilities*
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Other tel no : 29750020
*Reputation*
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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 Yik-hong Lee can sign on behalf of the company with seal affixed.
*Registrar*
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CORPORATE MANAGEMENT LTD
www.niccohk.com The design is professional and the content
is well organized. At present it is in both Chinese and English versions.
E-mail: sales@niccohk.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of shares :
2
Shareholder's Name No. of
Shares Amount of Shares (HKD) % of Shares
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Yik-hong Lee
2
2.00 100.00
Share Transfer
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(1)
Date transferred: 31 January, 2007
Share transferor: SHINE CHINA TRADING LTD
Share transferee: Yik-hong Lee
No. of share : 1
(2)
Date transferred: 31 January, 2007
Share transferor: SINO BRILLIANCE LTD
Share transferee: Yik-hong Lee
No. of share : 1
Chairman: Mr. Yik-hong Lee
Nationality: Hong Kong
*Company Directors*
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Name :
Mr. Yik-hong Lee
Nationality :
Hong Kong
ID/Passport No. : A526289(8)
Registered Address : Rm 1506
Cornell Centre 50 Wing Tai Rd, Chai Wan, Hong Kong
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of green power energy
products like multi-functional flashlights and other related products.
2. Sales and distribution of manufactured products to local and export
markets.
Products also include
- MT- 022
- MT- 023
- MT- 027
- MT- 029
- MT- 023/3
- MT- 030
- MT- 033
- MT- 033A
- MT- 035
- MT- 060
- MT- 061
- CG- 062
- MT- 066
- MT- 071
Products: AM/FM radios
Accumulators
Batteries
Battery
chargers
CD players
*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)
*Quality Certification*
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Obtained the following certifications:
(1)
Type of certification : RoHS Certificate
Issuing authority : HONG
KONG STANDARDS & TESTING CENTRE LTD, THE
Date of certification : 28
December, 2005
Approved number : HE152162
(2)
Type of certification: FCC Certificate
- EN 55015: 2000 + A1: 2001=A2: 2002
- EN 61547: 1995 + A1: 2000
- EN 61000-6-3 : 2001+A11: 2004
Issuing authority : SGS-CSTC
STANDARDS TECHNICAL SERVICES CO LTD
Date of certification: 24 May, 2006
*Local Distribution Network*
======================
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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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.
*Bank Details*
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Bank Name : SHANGHAI
COMMERCIAL BANK LTD
Branch :
Central,Hong Kong
Branch Address : Parker
House 12 Queen's Rd
SWIFT Code :
SCBKHKHH
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance, a credit line up to USD 5,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3621 Electric
motors, generators, generator sets, rotating converters, and parts and
accessories,
Trading 3651 Radio &
tv receiving sets; phonographs; recorders; microphones; loudspeakers; audio
amplifiers; & oth audio equip
Trading 3679 Electronic
components,
Trading 3692 Primary
batteries, and parts,
Trading 3699 Electrical
equipment and supplies, and parts,
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound
recorders, television
recorders
Trading 8501 Electric
motors and generators (no sets)
Trading 8506800000 Primary
batteries
Trading 8513102000 Flashlights
Trading 8520390070 Tape
recorder/players
Trading 8525206080 Radio
and television transmission apparatus
Trading 9027904420 Other
parts and accessories of eletrical instruments and apparatus of articles of
subheading
9027.20.40
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader LED
flashlights
Trader Head lamp
kit
Trader Self-powered
AM/FM radio
Trader Self-powered
AM/FM/WB radio
Trader Multi-function
flashlights
Trader Mobile phone
chargers
Trader AM/FM
radios
Trader Accumulators
Trader Batteries
Trader Battery
chargers
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Chile
Importing from China
Importing from North America
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%)