MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AM ALLIANCE LTD |
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Registered Office : |
Unit 503, 5fl Enterprise Square - Tower 3 Phase 1, 9 Sheung Yuet Rd
Kowloon Bay Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 12, 2004 |
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Com. Reg. No.: |
0879029 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of non-durable goods. |
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
AM ALLIANCE LTD
UNIT 503, 5FL ENTERPRISE SQUARE - TOWER 3 PHASE 1,
9 SHEUNG YUET RD KOWLOON BAY KOWLOON, HONG KONG.
TEL: 852- 23312959
FAX: 852-23313696
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 12, 2004
REGISTRATION NO. :
0879029
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SRINIVASAN MURALIDHARAN (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 100,257
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 7.78367= 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 Name*
=============
Incorporated as :
ALLIANCE LTD
Date of incorporation : 12 January, 2004
Changed name to : AM
ALLIANCE LTD
Date of change : 1
March, 2004
*Company Registration*
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(1)
License number : 0879029
Date issued : 12
January, 2004
Issuing authority : Companies
Registry
Legal form : Private
Limited Company
Type of license : Corporate
(2)
License number : 34333750-000
Issuing authority : Business
Registration Office - Inland Sale Dept
Type of license : Business
*Office & Facilities*
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Previous address : Rm 1008, 10Fl Nan Fung Commercial Centre 19 Lam Lok
St Kowloon Bay Kowloon
*Corporate & Organization Structure*
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A family owned and operated business.
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD 780,000.00 divided into 780,000 ordinary shares
Paid-up capital : HKD
750,000.00 divided into 750,000 ordinary shares
*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 Signature*
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Only Mr. Srinivasan Muralidharan can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: murali@amalhk.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 3
Total number of shares: 750,000
Shareholders Country
Number Amount (HKD) %
------------------------- --------- -------------- ------------------- -------
Mr. Srinivasan Muralidharan India 382,500.00 382,500.00 51.00
Mrs. Aruna Muralidharan India 292,500.00 292,500.00 39.00
Mr. Mridula Muralidharan India 75,000.00 75,000.00 10.00
*Company Secretary*
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CITY LIGHT ACCOUNTANCY CONSULTANTS LTD
Address : Rm 1315 Leighton
Centre 77 Leighton Rd Causeway Bay Hong Kong
CR number: 330495
Management: Mr. Lester Vaz, Manager
Name Nationality
Job Description Dept. / Division
Mr. Lester Vaz Hong
Kong Manager Account
*Company Directors*
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1
Name : Mr. Mridula Muralidharan
Nationality : India
ID/Passport No. : K980302(5)
Registered Address : 0631, Tower 4 Hong Kong Parkview 88 Tai Tam
Reservoir Rdc, Hong Kong
Country of Residence : Hong Kong
2
Name : Mr. Srinivasan Muralidharan
Nationality : India
ID/Passport No. : K980302(5)
Registered Address : 0631, Tower 4 Hong Kong Parkview 88 Tai Tam
Reservoir Rdc, Hong Kong
Country of Residence : Hong Kong
3
Name : Mrs. Aruna Muralidharan
Nationality : India
ID/Passport No. : K980302(5)
Registered Address : 0631, Tower 4 Hong Kong Parkview 88 Tai Tam
Reservoir Rd, Hong Kong
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading non-durable goods.
Products: Non-durable goods
*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
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.
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 3999 Manufactured
articles,
Trading 5199 Nondurable
Goods, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9600 Miscellaneous
manufactured articles
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%)