MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MM POWERPLUS BUSWAY LTD |
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Registered Office : |
11 Andar J-N
Centro Comercial Do Grupo Brihantismo 181-187 Alameda Dr Carlos D Assumpcao |
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Country : |
Macao |
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Date of Incorporation : |
11.10.1995 |
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Com. Reg. No.: |
SO10587 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Manufacturing,
Exporting of Aluminum |
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 : |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Macau |
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 and address
MM POWERPLUS BUSWAY LTD
11 ANDAR J-N CENTRO COMERCIAL DO GRUPO BRIHANTISMO
181-187 ALAMEDA DR CARLOS D ASSUMPCAO, MACAO
TEL: 853-28972699 FAX:
853-28850131
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCT. 11, 1995
REGISTRATION NO. : SO10587
LEGAL FORM : PRIVATE COMPANY
WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. PETER MENG HEONG KUAN
(DIRECTOR)
STAFF STRENGTH : 50
PAID-UP CAPITAL : MOP 100,000
BUSINESS LINE : MANUFACTURER
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT
RANGE : MODERATE AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION
: N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : MOP 8.01222 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
MOP –Macau Pataca
Name in Local Language : MM 電匯排廠有限公司
Issuing Authority:
Conservatoria dos Registos Comercial e de Bens Moveis (Commercial Registry
Office) - National
Trading Name / DBA:
MM POWERPLUS BARRAMENTOS LDA
*CAPITAL (Currency:
MOP - Macau Patacas)
==================================
Authorized Capital:
100,000
Paid-up Capital:
100,000
*OFFICE &
FACILITIES*
====================
Name : MM POWERPLUS
BUSWAY LTD - MACAO
Building Size :
15,000 Square feet
Address : 11 Andar
J-N Centro Comercial do Grupo Brihantismo 181-187 Alameda Dr Carlos D
Assumpcao, Macao
Country : Macao
Status :
Operational
*FACTORY CONTACT
DETAILS*
===========================
Address : 1 Andar
Edificio Industrial San Nam Estrada De Pac On 603-635 Lightex, Taipa, Macao
Tel :
[+853]-28972699
Fax :
[+853]-28850131
*REPUTATION*
=============
Reference checking
for the purpose of establishing the MM POWERPLUS BUSWAY LTD's reputation within
the respective industry failed to reveal any adverse information.
*APPROVED
SIGNATURES*
=======================
The Company
Director/s listed below maintains the legal right to sign on behalf of the
company:
Mr. Peter Meng
Heong Kuan
Mr. Seak Kan Tong
www.mmpowerplus.com This website belongs
to MM Powerplus Busway (Hong Kong)
Limited. The design is professional and the content is well organized.
At present it is in English version.
E-mail: mine@mmpowerplus.com
For the past two years
there is no record of litigation.
*Major
Shareholders*
================
Total number of
shareholders: 2
Shareholders Country Amount (MOP)
%
Amery Enterprises
Ltd. Virgin
Islands (British) 50,000 50.00
Mr. Peter Meng
Heong Kuan Macao
50,000 50.00
*Company Director*
===============
1
Name : Mr. Peter
Meng Heong Kuan
Nationality :
Macanese
2
Name : Mr. Seak Kan
Tong
Nationality :
Macanese
*CORE BUSINESS
DESCRIPTION*
============================
Core Business
------------------
The primary
business focus of MM POWERPLUS BUSWAY LTD is:
·Manufacturing -
Finished products
An integral part of
the core business includes:
·Distribution
Supplementary
Business
------------------------------
In addition to the
core business, MM POWERPLUS BUSWAY LTD also is engaged in the following areas
of business:
Exporting
·Exporting -
Finished products
Importing
·Importing -
Materials
Trading
·General trading
*Primary Products*
==============
Activity Products / Materials /
Services Description
--------- ----------------------------------------------------
Manufacturing,
Exporting Aluminum
Manufacturing,
Exporting Aluminum accessories
Manufacturing,
Exporting Aluminum raw
materials
Manufacturing,
Exporting Aluminum wire
Manufacturing,
Exporting Copper
*PAYMENT
TERMS*
=================
Selling
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Type Terms
Local Cash on delivery (COD)
Credit - Unsecured 30~60 days
Export Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Received at time of transaction
Purchasing
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Type Terms
Local Cash on delivery (COD)
Credit - Unsecured 30~60 days
Import Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Executed at time of transaction
*DOMESTIC SALES
& PURCHASES*
=============================
Annual Sales
Analysis Percentage
--------------------------- --------------
Domestic Sales 80%
International Sales
(Export) 20%
Annual Purchases
Analysis Percentage
--------------------------- --------------
Local Purchases 85%
Imports 15%
MM Powerplus Busway ( Hong Kong ) Ltd.
==================================
Address: Room 2301, 23/F., the Centre Mark, 287-299 Queen's Road,
Central, Hong Kong
Tel.: 852-2838 6898
Fax: 852-2838 6689
E-mail: sales@mmpowerplus.com
PAYMENT RATING : 3
OBTAINED SCORES : 58
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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.
Based on the corporate
laws of Macao, legal entities which are Private Company with Limited Liability
are not required to make public disclosure of their annual financials.
Therefore no financials are available for this entity.
SC is considered
medium-sized in its line with a development history of 16 years. Credit
dealings with SC in moderate amount appear acceptable.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing, Exporting
3365 Aluminum foundries
Manufacturing,
Exporting 3366 Copper Foundries
Manufacturing,
Exporting 3400 Fabricated Metal Products
Manufacturing,
Exporting 3399 Primary metal products,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing,
Exporting 7600 Aluminum & articles thereof
Manufacturing,
Exporting 7400 Copper & articles thereof
Manufacturing,
Exporting 8300 Miscellaneous articles of base metal
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Manufacturing,
Exporting Primary Copper
raw materials
Manufacturing,
Exporting Primary Copper
wire
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
Asia / Pacific Medium
Importing,
Exporting
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.02 |
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|
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.55 |
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.