MIRA INFORM
REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
RICKY
TRADING COMPANY |
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Registered Office : |
Room 308, 3/F., Trend Centre, 29-31 Cheung Lee Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.01.2003 |
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Com. Reg. No.: |
30335130-001-08 |
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Legal Form : |
Sole Ownership |
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Line of Business : |
Importer, Wholesaler and Re-exporter of all kinds of aquatic products (mainly dried) such as maw, dried fish, sharks’ fins, dried shrimps, dried oysters, dried cuttle fish, abalone, dried molluscs and other aquatic invertebrates. |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Company name
RICKY TRADING COMPANY
Company ADDRESS
Room 308, 3/F., Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
PHONE: 2896 7686
FAX: 2896 3927
E-MAIL: rick@rickytc.com.hk
MANAGEMENT
Manager: Mr. Mak Hung Tim, Ricky (Mobile: 9191 2032)
SUMMARY
Establishment: 19th January, 2003.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Importer, Wholesaler and Re-exporter.
Annual Turnover: HK$10~15 million.
Employees: 7.
Main Dealing Banker: Citibank N.A., Hong Kong Branch.
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Room 308, 3/F., Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
Affiliated
Company:-
Ricky Trading Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
30335130-001-08
MANAGEMENT
Manager: Mr. Mak Hung Tim, Ricky
Sales Contact: Ms. Kam Mee Yu, Salina
SOLE OWNER
Ricky Fishmaw Ltd., Hong Kong. (See attachment)
HISTORY
The subject was established on 19th January, 2003 as a sole ownership firm with Ricky Fishmaw Ltd. as the proprietor under the Hong Kong Business Registration Regulations.
On 1st February, 1991, Mr. Ricky Mak Hung Tim and Ms. Salina Kam Mee Yu set up the first Ricky Trading Company which was a partnership firm and bore the Business Registration No. of 14284664. However, this Ricky Trading Company ceased business formally on 31st December, 2004.
On 5th November, 2003, Mr. Ricky Mak set up another Ricky Trading Company which was operated by Ricky Trading Ltd. Bearing the Business Registration No. of 33998513-001, this Ricky Trading Company ceased business formally on 20th September, 2004.
Formerly the subject was located at Room 1403, 14/F., Cornell Centre, 50 Wing Tat Road, Chai Wan, Hong Kong, moved to the present address with effect from 18th December, 2010.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Wholesaler and Re-exporter.
Lines: All kinds of aquatic products (mainly dried) such as maw, dried fish, sharks’ fins, dried
shrimps, dried oysters, dried cuttle fish, abalone, dried molluscs and other aquatic invertebrates.
Employees: 7.
Commodities Imported: Imported from India, China, Southeast Asia, etc.
Markets: Hong Kong, Japan, Europe, Australia, New Zealand, etc.
Annual Turnover: HK$10~15 million.
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Provided by Sole Owner.
Profit or Loss: Made very small profits in the past years.
Condition: Business has been normal.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Citibank N.A., Hong Kong Branch.
Standing: Small.
GENERAL
Ricky Trading Company is the business name of Ricky Fishmaw Ltd. [Ricky Fishmaw] which is also located at the subject’s operating address. The subject moved to the present new address in mid-December 2010.
The subject is a dried aquatic products trader. It is dealing in maw, dried fish, sharks’ fins, dried shrimps, dried oysters, dried cuttle fish, abalone, dried molluscs and other aquatic invertebrates. Most of the commodities are imported from India, China, Southeast Asia, Japan, South America, etc. Prime markets are Hong Kong, Japan, Europe, Australia, New Zealand, other Asian countries, etc.
Ricky Fishmaw was incorporated on 25th August, 1999 as a private limited company equally owned by Mr. Ricky Mak Hung Tim and Ms. Salina Kam Mee Yu. Mak and Kam seem to be a couple. The history of Ricky Fishmaw is about twelve years in Hong Kong.
On 3rd October, 2003, Mr. Ricky Mak set up another firm Ricky Trading Ltd. which is also located at the subject’s old operating address. Engaged in the same lines of business as the subject, this firm set up an operating company which was also known as Ricky Trading Company [RTC] on 5th November, 2003, but RTC ceased business formally on 20th September, 2004.
To our knowledge, besides the subject and RTC, Mak and Kam had operated a firm also known as Ricky Trading Company [Ricky TC] which was also located at the subject’s old operating address. Ricky TC’s Business Registration No. was 14284664. In February 2001, Ricky TC got a litigation filed with the Hong Kong court concerning a dishonoured cheque involving in HK$235,267. On 31st December, 2004, Ricky TC ceased business.
The subject’s business is chiefly handled by Mak and Kam themselves. Annual sales turnover ranges from HK$10 to 15 million. Making very small profits in the past years.
Mak can be reached at his mobile phone number 9191 2032.
On the whole, consider the subject good for normal business engagements in small credit amounts.
REMARKS:
Court case:-
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Action
Date |
Case
No. |
Plaintiff |
Defendant |
Cause |
Amount |
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26-02-2001 |
D3908 |
Edward Wong Credit Ltd. |
Kam Mee Yu trading as Ricky Trading Company [Under Business Registration No. 14284664] and others |
Dishonoured Cheque |
HK$235,267 |
Company name
RICKY FISHMAW LTD.
(Business name: RICKY TRADING COMPANY)
company ADDRESS
Room 308, 3/F., Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
BUSINESS REGISTRATION NUMBER
30335130
COMPANY FILE NUMBER
0686446
DATE OF INCORPORATION
25th August, 1999.
CAPITAL
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
SHAREHOLDERS
(As per registry
dated 25-08-2010)
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Name |
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No. of shares |
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MAK Hung Tim, Ricky |
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50,000 |
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KAM Mee Yu, Salina |
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50,000 |
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––––––– |
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Total: |
100,000 ====== |
DIRECTORS
(As per registry
dated 25-08-2010)
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Name (Nationality) |
Address |
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MAK Hung Tim, Ricky |
Flat B, 19/F., Tower 8, Island Resort, 28 Siu Sai Wan Road, Siu Sai Wan, Hong Kong. |
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KAM Mee Yu, Salina |
Flat B, 19/F., Tower 8, Island Resort, 28 Siu Sai Wan Road, Siu Sai Wan, Hong Kong. |
SECRETARY
(As per registry
dated 25-08-2010)
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Name |
Address |
Co.
No. |
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Jennings Ltd. |
Room 406, 4/F., Hua Qin International Building, 340 Queen’s Road Central, Hong Kong. |
0371903 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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UK Pound |
1 |
Rs.73.94 |
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Euro |
1 |
Rs.64.56 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.