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MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
XINYI GROUP (GLASS) CO LTD |
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Registered Office : |
Yuen Long Industrial Estate 95-99 Fuk Hi St New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.06.1989 |
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Com. Reg. No.: |
0254197 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing wide range of glass products for automotive, architectural,
household, electrical, aviation and shipbuilding industries. Sales and Distribution of products to local and international markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
XINYI GROUP
(GLASS) CO LTD
YUEN LONG INDUSTRIAL ESTATE
95-99 FUK HI ST NEW TERRITORIES, HONG KONG.
TEL: 852-26733122 FAX:
852-26686178
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 2, 1989
REGISTRATION NO. :
0254197
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YIN-YEE LEE (CHAIRMAN)
STAFF STRENGTH :
20
CAPITAL :
US$ 128,535
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : 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
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*Company Name*
=============
Incorporated as : FAT CHIN CAR ACCESSORIES CO LTD
Date of incorporation : 2
June, 1989
Changed name to : XINYI GROUP (GLASS) CO LTD
Date of change : 29 April, 1998
*Company Registration*
==================
(1)
License number : 0254197
Date issued : 2 June, 1989
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 12887133-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license Business
*Capital Details*
=============
Authorized capital : HKD 1,000,000.00 divided into 1,000 ordinary shares
at HKD 1,000.00/-each, fully paid
*Office & Facilities*
================
Other Contact Details
-----------------------------
Fax no : 26684861
E-mail :
rh270e@xinyiglass.com.hk
Previous Contact Details
---------------------------------
Address : Rm 2007, 20Fl Concordia Plaza 1 Science Museum Rd Tsimshatsui
Kowloon
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
===================
Mr. Yin-yee Lee can sign on behalf of the company with seal affixed.
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www.xinyiglass.com.hk
this website belongs to SC’s shareholder “XINYI GLASS HOLDINGS LTD.”, the
design is professional and the content is well organized. At present it is both
in Chinese and English versions.
E-mail: info@xinyiglass.com.hk
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For the past two years there is no record of litigation.
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*Major Shareholders*
================
Total number of shareholders: 1
Total number of shares: 1,000
Shareholders Country
Number Amount (HKD) %
------------------------------- ------------- ----------- ------------------- ---------
XINYI GLASS HOLDINGS LTD Hong Kong 1,000.00 1,000,000.00
100.00
*COMPANY SECRETARY*
=======================
Name :
Mr. Jason Sik-yuen Lau
Nationality : Hong Kong
ID/Passport No. :
G606607(A)
Registered Address : Flat C
6Fl 7 Grampian Rd, Kowloon
Country of Residence : Hong
Kong
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Management: Mr. Steven Lim, Assist. Manager
Name Nationality
Job Description Dept. / Division
Mr. Steven Lim Hong
Kong Assist. Manager Sales
*Company Directors*
================
1
Name : Mr. Chi-tan Li
Nationality : Hong Kong
ID/Passport No. : P628639(2)
Registered Address : Lucky Plaza 13 D Chung Lam Court
Country of Residence : Hong Kong
2
Name : Mr. Ching-bor Tung
Nationality : Hong Kong
ID/Passport No. : K798809(5)
Registered Address : Royal Palms Phase A2 Carmel Ave
Country of Residence : Hong Kong
3
Name : Mr. Ching-sai Tung
Nationality : Hong Kong
ID/Passport No. : P169713(0)
Registered Address : House 108-110 Pinaceae Drive Westwood Palm Spring
Country of Residence : Hong Kong
4
Name : Mr. Sing-din Lee
Nationality : Hong Kong
ID/Passport No. : H478049(5)
Registered Address : Royal Palms 21 San Francisco Ave
Country of Residence : Hong Kong
5
Name : Mr. Yin-yee Lee
Nationality : Hong Kong
ID/Passport No. : H479071(7)
Registered Address : 12 Kapok St Palm Springs
Country of Residence : Hong Kong
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*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing wide range of glass products for automotive, architectural,
household, electrical, aviation and shipbuilding industries.
2. Sales and distribution of products to local and international
markets.
Products: Architectural glass products
Automobile
glass
Automobile
parts
Automotive safety
glass
Glass fiber
products
*Payment Terms*
=============
Sales
-------
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*
=======================
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.
*International Exhibition Participation*
============================
(1)
Exhibition Fair : Taipei
International Auto/Motorcycle Parts & Accessories Show
Country : Taiwan
Location : Taipei
World Trade Center Exhibition Hall
Dates attended : 17-20 May, 2000
(2)
Exhibition Fair : Taipei
International Auto/Motorcycle Parts & Accessories Show
Location : Taipei
World Trade Center- Exhibition Hall
Dates attended : 24-27 May, 2002
(3)
Exhibition fair : TAIPEI AMPA
- Taipei Int'l Auto/Motorcycle Parts & Accessories Show
Dates attended : 13 May, 2005 -
16 May, 2005
Location : Taipei
World Trade Center (TWTC) Taiwan
(4)
Exhibition fair : TAIPEI AMPA -
Taipei Int'l Auto/Motorcycle Parts & Accessories Show
Dates attended : 19 May, 2006 -
22 May, 2006
Location : Taipei
World Trade Center (TWTC) Taiwan
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*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : XINYI GROUP (GLASS) CO LTD - NEW TERRITORIES
Branch Address : Rm 1119, 11Fl Landmark North 39 Lung Sam Ave Sheung
Shui, New Territories
*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name : XINYI AUTO PARTS (DONGGUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Motor Vehicles, Parts & Accessories
Company Name : XINYI AUTO PARTS (WUHU) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Company Name : XINYI AUTOMOBILE GLASS (SHENZHEN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Exporter
Industry : Motor Vehicles, Parts & Accessories
Company Name : XINYI AUTOMOTIVE GLASS (DONGGUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Glass Products
Company Name : XINYI GLASS (HONG KONG) CO LTD
Address : Yuen Long Industrial Estate 95-99 Fuk Hi St New Territories
Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Glass Products
Company Name : XINYI GLASS (TIANJIN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Company Name : XINYI GLASS ENGINEERING (DONGGUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : XINYI PLASTICS PRODUCT (SHENZHEN) DEVELOPMENT CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : XINYI ULTRACLEAR PHOTOVOLTAIC GLASS (DONGGUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Glass Products
Company Name : XINYI ULTRATHIN GLASS (DONGGUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Glass Products
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains office and manufacturing facilities in the following:
(1)
Address : Xinyi Glass Industrial Zone HuMen Town LuDong DongGuan
GuangDong P.R.China 523935
Tel no : 769-85266666
Fax no : 769-85268888
Email : marketing@xinyiglass.com
(2)
Address : 25 Xinyi Road 228 Industrial Zone HengGang Town ShenZhen
P.R.China 518115
Tel no : 755-28631333
Fax no : 755-28630993
Email : kan@xinyiglass.com / jack@xinyiglass.com
(3)
Address : WuHu Economic and Technological Zone WuHu AnHui P.R.China 241009
Tel no : 553-5317111
Fax no : 553-5317099
(4)
Address : WuQing Development Area Quanfa Rd TianJin P.R.China 301700
Tel no : 22-82192222
Fax no : 22-82177773
(5)
Address : Suite 702-704, West Building,Markham Liberty Square 3601
Highway 7 East, Markham, ON, Canada,
L3R 0M3
Tel no : 905-9478801
Fax no : 905-9478892
Email : info@xinyiglass.ca
(6)
Address : Blue Heights 202, 2-17-3, Nihonbashi-Kayabacho,Chuo-Ku,Tokyo
103-0025 Japan
Tel no : 3-56149188
Fax no : 3-56149550
Email :
cho@xinyiglass.co.jp
(7)
Address : Unit 1205,13560 Maycrest
Way,Richmond,B.C.Canada V6V 2W9
Tel no : 604-2730813
Fax no : 604-2737571
Email : sales@xygglass.com
(8)
Tel no : 6223-973824
Fax no : 6223-973825
Email : info@xinyiglass.de
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PAYMENT RATING : 3 OBTAINED SCORES :
53
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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 MODERATE 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.
*BANK DETAILS*
===============
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central, Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
*Financial Summary (Currency: U.S. $'s)
=============================
Year Sales Assets Net Income
2002 $38,455,128.21 n/a n/a
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SC is considered medium-sized in its line with a long history. Credit up
to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1793 Glass &
Glazing Work
Trading 3200 Stone,
Clay, & Glass Products
Trading 3231 Products of
purchased glass,
Trading 3714 Motor
vehicle parts and accessories,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4000 Rubbers
& articles thereof
Trading 7000 Glass
& glassware
Trading 7007211000 Windshields
of laminated safety glass
Trading 7007215000 Laminated
safety glass of size and shape suitable for incorporation in vehicles,
aircraft, spacecraft or vessels, except windshields
Trading 7019 Glass
fibers & articles thereof (yarn etc.)
Trading 7019905020 Glass
fibers in bulk
Trading 7020 Articles of glass
Trading 7020000000 Other
articles of glass
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Automobile
parts
Trader Rubber
strips
Trader Automotive
safety glass
Trader Architectural
glass products
Trader Laminated
glass
Trader Safety glass
products
Trader Automobile
glass
Trader Laminated
safety flat glass
Trader Tempered
safety glasses
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to China
Exporting to Europe
Exporting to North America
Exporting to Oceania
Exporting to South America
Exporting to USA
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%)