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MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
NICE DYEING FACTORY (MACAO COMMERCIAL
OFFSHORE) LTD |
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Registered Office : |
9FL Macau Square 43 Avenida Do Infante D Henrique |
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Country : |
Macau |
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Date of Incorporation : |
17.11.2005 |
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Com. Reg. No.: |
SO22905 |
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Legal Form : |
PRIVATE |
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Line of Business : |
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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
NICE
DYEING FACTORY
(MACAO
COMMERCIAL OFFSHORE) LTD
9FL MACAU SQUARE 43 AVENIDA DO INFANTE D
HENRIQUE, MACAU.
TEL: 853-28389129 FAX: 853-28389124
EXECUTIVE SUMMARY
INCORPORATION DATE : NOVEMBER 17, 2005
REGISTRATION NO. :
SO22905
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DI-XIANG HE (COMPANY DIRECTOR)
STAFF STRENGTH :
18
CAPITAL :
US$ 12,469
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 :
MOP 8.00100 = US$ 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
MOP –Macau Pataca
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*Office & Facilities*
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Size : 6,000 square
feet (approx)
Comment : Serves as office and
dyeing shop.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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www.texwinca.com this website
belongs to SC’s indirect parent company “TEXWINCA HOLDINGS LTD”. The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: sales@texwinca.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: 1
Total number of shares: n/a
Shareholders Country
%
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TRUSTLAND INC Virgin Islands (British) 100.00
*Direct / Indirect Corporate Parent Details*
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Direct Parent :
TRUSTLAND INC
Country :
Virgin Islands (British)
Indirect Parent :
TEXWINCA HOLDINGS LTD
Country :
Hong Kong
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*COMPANY DIRECTORS*
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Name : Mr. Di-Xiang
He
Nationality : Macau
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*Main Products & Services*
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Specializes in trading wide range of fabrics, yarns and other related
products.
Products: Dyed yarns
Finished knitted
fabrics
Flat knitted
fabrics
Jacquard
fabrics
Polar fleece
*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.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
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SC is not known to have any subsidiary at
present.
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a short history. 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
Trading 2200 Textile
Mill Products
Trading 2241 Narrow
woven fabrics
Trading 2261 Finish
Cotton Fabrics
Trading 2269 Finishers
of Textiles, NEC
Trading 2284 Thread and
handwork yarns
Trading 2297 Nonwoven
fabrics
Trading 2299 Textile
goods,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5403 Artificial
filament yarn (no sew thread), no retail
Trading 6000 Knitted or
crocheted fabrics
Trading 6307 Made-up
articles of textile materials
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Dyed
yarns
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%)