MIRA
INFORM REPORT
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Report Date : |
26.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL ORIGIN LTD |
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Registered Office : |
Flat 832, 8FL Nan Fung Centre 264-298
Castle Peak Rd Tsuen Wan New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.08. 1987 |
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Com. Reg. No.: |
0196986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and local purchase of textile fibers and raw materials such as
silk. Sales and distribution of purchased products to local and export
markets. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
NATIONAL
ORIGIN LTD
FLAT 832, 8FL NAN FUNG CENTRE 264-298 CASTLE
PEAK RD
TSUEN WAN NEW TERRITORIES, HONG KONG.
TEL: 852-23110929 FAX: 852-27241521
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 25, 1987
REGISTRATION NO. :
0196986
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PETER YICK-HONG YIP (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 128,535
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 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80307 = 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 Registration*
==================
(1)
License number : 0196986
Date issued : 25 August, 1987
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 11281370-000
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 1,000,000.00 divided into 1,000,000 ordinary
shares as HKD 1.00/-each, fully paid
*Approved Signatures*
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Only PRESSON SECRETIAL SERVICES LTD can sign on behalf of the company
with seal affixed.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 1,000,000
Shareholders Country
Number Amount (HKD) %
--------------------- -------------- -------------- ----------------- ------
Mr. Hwei-fen Tsai Hong Kong 500,000.00 500,000.00 50.00
Mr. Peter Yick-hong Yip Hong Kong 500,000.00 500,000.00 50.00
*Company Secretary*
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PRESSON SECRETIAL SERVICES LTD
Address : Rm 905 Seaview
Commercial Bldg 23 Connaught Rd West Hong Kong
CR no : 243045
Management: Ms. Connie Chau, Representative
Name Nationality
Job Description Dept. / Division
Ms. Connie Chau Hong Kong
Representative Sales
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of textile fibers and raw materials such as
silk.
2. Sales and distribution of purchased products to local and export
markets.
Products: Blended piece goods
Notions
Piece goods
Raw materials
Silk
*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)
*Local Distribution Network*
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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.
SC is considered small-sized in its line with a development history of
21 years. Taking into consideration of SC’s general performance, a credit line
up to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2262 Finish Man
Fiber/Silk Fabric
Trading 2299 Textile
goods,
Trading 2300 Apparel/Other
Textile Products
Trading 2399 Fabricated
textile products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5000 Silk,
inc. yarns & woven fabrics thereof
Trading 5911 Textile
products etc. for specific tech uses
Trading 6114200000 Other
garments of cotton, knitted or crocheted
Trading 6307909500 Other
made-up articles of textile material
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Silk
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to India
Exporting to Italy
Exporting to South Korea
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%)