MIRA
INFORM REPORT
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Report Date : |
12.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
HUGO STAR
INTERNATIONAL TRADING LTD. DONGGUAN REP. OFFICE |
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Registered Office : |
5/F Inhe Leather Plaza, No. 47 Norht
Hetian Road, Houjie Town, Dongguan, Guangdong Province, 523945 Pr |
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Country : |
China |
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Date of Incorporation : |
11.04. 2006 |
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Com. Reg. No.: |
030611 |
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Legal Form : |
Representative Office |
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Line of Business : |
Providing
Business Liaison for its Parent Company. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
HUGO STAR
INTERNATIONAL TRADING LTD. DONGGUAN REP. OFFICE
5/F INHE LEATHER PLAZA, NO. 47 NORHT HETIAN
ROAD, HOUJIE TOWN,
DONGGUAN, GUANGDONG PROVINCE, 523945 PR CHINA
475
TEL: 86 (0) 769-85964887 FAX: 86 (0) 769-85964887
EXECUTIVE SUMMARY
INCORPORATION DATE : APR. 11, 2006
REGISTRATION NO. : 030611
REGISTERED LEGAL FORM : REPRESENTATIVE OFFICE
STAFF STRENGTH :
5
REGISTERED CAPITAL : N/A
BUSINESS LINE :
LIAISON
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : COD TO SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAILRY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.00= USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
Note: The given address is SC’s former address,
while it is operating in the heading address at present.
SC was registered as a representative office at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on Apr. 11, 2006.
Company Status: Representative office Foreign company, which has
entered into a contract with a PR China co., is permitted to establish a
representative office in PR China. The representative office may engage
only in “non-direct operating activities” such as liaison, consulting,
market research & general information gathering. At present,
representative office is not allowed to employ local employees in its own
name and must use PR China employment agencies.
SC’s registered business scope includes exporting business liaison for
its parent company.
SC is mainly
engaged in providing business liaison for its parent company.
Mr. Jamal Mohamed
Anis has been chief representative of SC since 2006.
SC is known
to have approx. 5 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Dongguan. Our checks reveal that SC
rents the total premise about 80 square meters.
SC is not known to host website its own at present.
No significant events or changes were found during our checks with local
AIC.
Parent
Company
HUGO STAR
INTERNATIONAL TRADING LTD.
l
Chief Representative:
Mr. Jamal Mohamed Anis, was registered as chief
representative of SC.
SC is mainly
engaged in providing business liaison for its parent company.
Attempt to call
the company to obtain more information through the heading telephone
number has not been successful, since
the lady who answered the phone refused to release any business information
about SC without the benefit of knowing the identity of the inquiry part.
SC is
not known to have any subsidiary at present.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment and our debt collection record concerning SC.
Trade payment experience : SC refused to release any information of its
domestic suppliers and the trade reference was not available.
Delinquent
payment record : None in our database.
Debt collection record :No overdue amount owed by SC was placed to us for
collection within the last 6 years.
SC refused to
release its bank information.
As a representative office, SC is not allowed to engage in direct
business. All its expenses are supposed to be provided by its parent company.
Therefore, its financial information is not available.
SC is a representative office, which is not engaged in direct business.
Credit dealings with SC are recommended under secured terms at present.
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%)