MIRA
INFORM REPORT
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Report Date : |
28.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
L K MACHINERY CO LTD |
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Registered Office : |
Unit A 8FL Mai Wah Industrial Bldg 1-7 Wah
Sing St Kwai Chung New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.07. 1985 |
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Com. Reg. No.: |
154087 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing wide range of die-casting and molding machineries. Sales and distribution of manufactured products to local and export
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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Maximum Credit Limit : |
USD 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
L K
MACHINERY CO LTD
UNIT A 8FL MAI WAH INDUSTRIAL BLDG 1-7 WAH
SING ST
KWAI CHUNG NEW TERRITORIES, HONG KONG
TEL: 852-34125592 FAX: 852- 34125511
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 9, 1985
REGISTRATION NO. :
154087
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SIW-YIN CHONG (CHAIRMAN)
STAFF STRENGTH :
3,400
CAPITAL :
US$ 1,285,347
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 250,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80553 = 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 : 154087
Date issued : 9 July, 1985
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 09779896-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital: HKD 10,000,000.00 divided into 10,000,000 ordinary
shares at HKD 1.00/-each
*Office & Facilities*
===============
Other contact detail
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Tel nos . : 34125500,
24101782
Fax no. : 24101789
Email : lk@lkmachinery.com.hk
Website : www.15665.tradebig.com
*Approved Signatures*
===================
Only Kin-ming Wong can sign on behalf of the company with seal affixed.
www.lkmachinery.com.hk
This website belongs to “L. K. Technology Holding Limited”. The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: sales@lkmachinery.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders : 2
Total number of shares
: 10,000,000
Shareholders' Name
No of Ordianry
Shares Amount of Shares (HKD) % of Shares
-------------------------- --------------------------- -------------------------------- ----------------
BEST TRUTH ENTERPRISES LTD 9,999,999 9,999,999.00 100.00
WORLD FORCE LTD 1 1.00 --
Share transfer:
Date No. of
Ordinary Shares
Transferor(s) Transferee(s)
------- ----------------------------- -------------------
------------------
23
September, 2006
9,999,999 LK
INDUSTRIES LTD
BEST TRUTH
ENTERPRISES LTD
23
September, 2006
1 BEIRUT
TRADERS LTD
BEST TRUTH
ENTERPRISES LTD
28
September, 2006 1 BEST TRUTH ENTERPRISES
LTD WORLD FORCE LTD
*COMPANY DIRECTORS*
======================
1
Name : Mr. Siong-song Liu
Nationality : Hong Kong
ID/Passport No. : E926016(5)
2
Name : Mr. Siw-yin Chong
Nationality : Hong Kong
ID/Passport No. : E926016(5)
Registered Address : House K Lakeview Garden 21 Yau On St, Shatin, New
Territories
Country of Residence : Hong Kong
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Manufacturing wide range of die-casting and molding machineries.
2. Sales and distribution of manufactured products to local and export
markets.
Products: Can-making machines
Casting
machines
Cold chamber die
casting m/c
Die-casting
machines
Hot chamber die
casting m/c
*Brand*
======
LK
LK Potenza
*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
*Associations*
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Member of:
- Federation of Hong Kong Industries
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Strategic Partners & Alliances*
=========================
Group name : LK Group
Group members : - LK MACHINERY INT'L LTD
-
SHENZHEN LEADWELL TECHNOLOGY CO LTD
-
LK MACHINERY (SHENZHEN) CO LTD
-
ZHONGSHAN LK MACHINERY CO LTD
- SHANGHAI ATECH
MACHINERY CO LTD
-
NINGBO LK MACHINERY CO LTD
-
NINGBO LK TECHNOLOGY CO LTD
-
FUXIN LK NORTHERN MACHINERY CO LTD
- LK MACHINERY INC
-
LK MACHINERY CORP
-
QUANTUM MACHINERY INT'L INC
PAYMENT RATING : 3 OBTAINED SCORES :
69
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name : HANG SENG BANK LTD
Branch : Central, Hong Kong
Branch Address : Level 21 Hang Seng Bank Bldg 83 Des Voeux Rd Central
Hong Kong (Head Office)
SWIFT Code : SCBLHKHH
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : New Territories
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
2001 $64,089,743.59
SC is considered large-sized in its line with a development history of
23 years. Taking into consideration of SC’s general performance, a credit line
up to USD 250,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3542 Machine
tools metal-forming, and parts,
Manufacturing 3556 Food
products machinery, and parts,
Manufacturing 3599 Machinery,
except electrical, and parts,
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 8441300000 Machines
for making cartons, boxes, cases, tubes, drums or similar containers, other
than by molding
Manufacturing 8454
Converters, ladles, ingot molds
& casting mach, parts
Manufacturing 8454300010 Die
casting machines
Manufacturing 8477 Machinery
for working rubber & plastic etc, parts
Manufacturing 8477108090 Injection-molding
machines of a type used for processing thermoplastics
Manufacturing 8477900010 Parts
of injection-molding machines for rubber or plastics
Manufacturing 8479 Machines
etc having individual functions, parts
Manufacturing 8480719010 Injection
type molds for rubber or plastics, except for shoe machinery
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Plastic injection
machines
Manufacturer Plastic molding
machines
Manufacturer Can-making
machines
Manufacturer Casting
machines
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Canada
Exporting to China
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Oceania
Exporting to USA
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%)