MIRA INFORM
REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
L
& J INDUSTRIAL
CO. |
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Registered Office : |
Unit 6-8, 3/F., Cheung Tat Centre, 18 Cheung Lee Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.09.1995 |
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Com. Reg. No.: |
19309578-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of Mannequin and mannequin parts (head with human hair) |
RATING & COMMENTS
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MIRAs 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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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Company name
L & J INDUSTRIAL CO.
Company ADDRESS
Unit 6-8, 3/F., Cheung Tat Centre, 18 Cheung Lee Street, Chai Wan, Hong Kong.
PHONE: 2557 2449, 2558 2833, 2558 3890
FAX: 2897 0125
E-MAIL: lnj@lnjmanikins.com
MANAGEMENT
Manager: Ms. Yip Wai Mun, Linda
SUMMARY
Establishment: 7th September, 1995.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: 8.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Unit 6-8, 3/F., Cheung Tat Centre, 18 Cheung Lee Street, Chai Wan, Hong Kong.
Associated
Companies:-
Joyful Queen Beauty
Products Factory, China.
Joyful Queen Hair
Beauty Products Ltd., China.
L & J Hair Beauty
Products Factory, China.
L & J Hair Beauty
Products Ltd., Hong Kong. (Same address)
Linda Beauty Group
Ltd., Hong Kong. (Same address)
TONI&GUY Hair Dressing Ltd., China.
BUSINESS REGISTRATION NUMBER
19309578-000-09
MANAGEMENT
Manager: Ms. Yip Wai Mun, Linda
Contact Person: Ms. Sheila Chan
SOLE PROPRIETOR
Name: Ms. YIP Wai Mun
Residential Address: 2/F.,
Clement Court, 58 Mount Butler Road, Jardines Lookout, Hong Kong.
HISTORY
The subject was established on 7th September, 1995 as a sole proprietorship concern owned by Ms. Yip Wai Mun under the Hong Kong Business Registration Regulations.
Initially the subject was located at Flat A, 6/F., Nan Fung Industrial Building, 7 Cheung Lee Street, Chai Wan, Hong Kong, moved to the present address in September 1997.
Apart from these, neither material
change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Mannequin and mannequin parts (head with human hair).
Employees: 8.
Commodities Imported: Europe, China, etc.
Markets: Japan, North America, Taiwan. Western Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
L & J Industrial Co. is a sole proprietorship set up and owned by Ms. Linda Yip Wai Mun who is a Hong Kong businesswoman. She is also the manager of the subject.
The subject has had an associated company Linda Beauty Group Ltd. located at its operating address. The subject and Linda Beauty Group Ltd. are engaged in the same lines of business, more or less.
L & J Hair Beauty Products Ltd. is one of the subsidiaries of Linda Beauty Group which is specialized in multi-faceted research and development with innovativeness.
Linda Beauty Group is a renowned leading service provider in the hair industry which is specialized in diversified aspects including research and development, manufacture, promotion, exhibition, as well as education and training.
Being the pioneer in the industry since 1979, Linda Beauty Group has been highly prestigious both locally and in China. It has had business partners in 20 countries throughout the world. The establishment of TONI&GUY (Northern China) Academy and Hair Salon in Beijing have given a further boost to the hair industry in China.
The
subject is carrying the following brand names: TONI&GUY, label.m, DENMAN, BLOWW, TSUBAME, Jaguar, Salon Superintend, HAIRCHITECT, BALMAIN, PARLUX, etc.
Another subsidiary of Linda Beauty Group, L & J Hair Beauty Products Factory is situated in Dongguan City, Guangdong Province, China which is in a site area of over 13,000 sq.m. Having been awarded ISO 9001:9002 certifications since 2002, the factory is committed to manufacture hair beauty products.
The subjects business is chiefly handled by Linda Yip herself.
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.29 |
|
UK Pound |
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.18 |
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 SCs 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.