MIRA
INFORM REPORT
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Report Date : |
30.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
LK MACHINERY INT'L 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 : |
NOVEMBER 3, 2004 |
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Com. Reg. No.: |
0931438 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales and Distribution of Plastic Injection Mouldings, Hot and Cold
Chamber Die-Casting Machines and other related 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
LK
MACHINERY INT'L LTD
UNIT A 8FL MAI WAH INDUSTRIAL BLDG 1-7 WAH
SING ST
KWAI CHUNG NEW TERRITORIES, HONG KONG
TEL: 852-34125500 FAX: 852-34125511
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 3, 2004
REGISTRATION NO. :
0931438
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. PUI-CHUN WONG (GENERAL MANAGER)
STAFF STRENGTH :
60
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80521 = 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 : 0931438
Date issued : 3 November, 2004
Issuing authority :
Companies Registry
Type of license : Corporate
(2)
License number : 37649596-000
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as : LK TECHNOLOGY HOLDINGS LTD
Date of incorporation : 3
November, 2004
Changed name to :
LKM (HONG KONG) LTD
Date of change : 15 September, 2006
Changed name to : LK MACHINERY INT'L LTD
Date of change : 23 January, 2007
*Capital Details*
=============
Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00 divided into 1 ordinary share
*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. 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: hr.hkg@lkmachinery.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder
: 1
Total number of ordinary share : 1
Shareholder's Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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---------------------------------
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SKY RIVER INT'L LTD
1 1.00 100
Share Transfer :
Date of transfer
Tranferor Transferee No.of shares
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------------ -------------- -----------------
8 February, 2007 WOOCO
NOMINEES LTD SKY RIVER INT'L LTD 1
Management: Mr. Yi-ming Te,
Administrator
Ms. Pui-chun Wong, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Yi-ming Te Hong
Kong Administrator Sales
Ms. Pui-chun Wong Hong Kong General Manager -
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Yuk-ming Chung
Nationality :
Hong Kong
ID/Passport No. :
E150002(7)
Registered Address : 46E
East Point City - Block 8, Tseung Kwan O, New Territories
Country of Residence : Hong
Kong
2
Name :
Mrs. Siw-yin Chong
Nationality :
Hong Kong
ID/Passport No. :
E920539(3)
Registered Address : House K
Lakeview Garden 21 Yau On St
Country of Residence : Hong
Kong
*Main Products & Services*
======================
Specializes in the sales and distribution of plastic injection
mouldings, hot and cold chamber die-casting machines and other related products
to local and export markets.
Products: Cold chamber die casting
Cold chamber die
casting m/c
Hot chamber die
casting
Hot die-casting
machines
Plastic injection
moulds
*Payment Terms*
==============
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
*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.
*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name : L K MACHINERY CO
LTD
Address : Unit A 8Fl Mai
Wah Industrial Bldg 1-7 Wah Sing St Kwai Chung New Territories Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company
with limited liability
Company Type : Manufacturer
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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.
*BANK DETAILS*
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Bank Name : BANK OF CHINA (HONG KONG) LTD
Branch : Central,Hong Kong
Branch Address : 13Fl Bank Of China Tower 1 Garden Rd Central Hong Kong
(Head Office)
SWIFT Code : BKCHHKHH
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 : Central,Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
Bank Name : STANDARD CHARTERED BANK
Branch : Central,Hong Kong
Branch Address : 13Fl Standard Chartered Bank Bldg 4-4A Des Voeux Rd
Central Hong Kong (Head Office)
SWIFT Code : SCBLHKHH
Bank Name : CHINA CONSTRUCTION BANK (ASIA) LTD
Branch : Hong Kong
Branch Address : 45 Lippo Center - Tower I 89 Queensway Hong Kong (Head
Office)
SWIFT Code : JSHKHKHH
Bank Name : SHANGHAI PUDONG DEVELOPMENT BANK
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : SHENZHEN DEVELOPMENT BANK LTD
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : COMMERCIAL BANK OF FUXIN
SWIFT Code : This bank does not have a SWIFT Code
SC is considered medium-sized in its line with a development history of
4 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 3543 Molders'
patterns for the manufacture of castings
Trading 3569 General
industrial machinery and equipment, and parts,
Trading 5084 Industrial Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8454 Converters,
ladles, ingot molds & casting mach, parts
Trading 8454300010 Die
casting machines
Trading 8454900030 Parts
of die casting machines
Trading 8479 Machines
etc having individual functions, parts
Trading 8480 Molding
boxes for metal foundry; mold bases etc
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
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%)