MIRA INFORM REPORT

 

 

Report Date :           

15.09.2011

 

IDENTIFICATION DETAILS

 

Name :

LEVA  INTERNATIONAL  TRADING  COMPANY

 

 

Registered Office :

Unit D, 27/F., Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

01.05.1998

 

 

Com. Reg. No.:

21635236-000-05

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of Industrial chemicals, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

LEVA  INTERNATIONAL  TRADING  COMPANY

 

 

Company ADDRESS

 

Unit D, 27/F., Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong.

PHONE:            2348 0052

FAX:                 2174 6107

 

 

MANAGEMENT

 

Manager:  Mr. Tong Mo Pun

 

 

SUMMARY

 

Establishment:                          1st May, 1998.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   4.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

Unit D, 27/F., Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong.

 

Associated Companies:-

Dongguan Chengtai Chemical Co. Ltd.

4/F., Chengqu Industrial Mansion, Guantai Road, 523072 Dongguan City, Guangdong Province, China.

 

[Tel: 86-769-2281 8760, 2281 8770;  Fax: 86-769-2281 8750]

 

Leva International Trading Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

21635236-000-05

 

 

MANAGEMENT

 

Manager:  Mr. Tong Mo Pun

 

 

SOLE PROPRIETOR

 

Name:                           Mr. TONG Mo Pun

Residential Address:      Room 1306, Tak Lung House, Tak Tin Estate, Lam Tin, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 1st May, 1998 as a sole proprietorship concern owned by Mr. Tong Mo Pun under the Hong Kong Business Registration Regulations.

At the very beginning, the subject was located at Room 1306, Tak Lung House, Tak Tin Estate, Lam Tin, Kowloon, Hong Kong, moved to Flat G, 2/F., Yuet Wah Mansion, 53 Yuet Wah Street, Kwun Tong, Kowloon, Hong Kong in June 2001, and further to the present address in May 2011.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Industrial chemicals, etc.

 

Employees:                   4.

 

Commodities Imported:   Japan, South Korea, Taiwan, India, Europe, US, etc.

 

Markets:                       Japan, Korea, Australia, Malaysia, Vietnam, Philippines, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a normal manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Bank of China (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Leva International Trading Company is a sole proprietorship set up and owned by Mr. Tong Mo Pun who is a Hong Kong merchant.  Tong is also the manager of the subject.

Business commenced in May 1998, the subject is a chemical trader.  It is an exporter of chemical products such as the followings: EVA, petroleum resin, wax, antioxidant, rubber, coating, chlorinated products, hot-melt adhesive products, rare metal selenium, tellurium, etc.

The subject has had worldwide suppliers including Japan Mitsui, Sumitomo, Tosoh, Idemitsu, Korea Hyunda, Kolon, America Exxon, France Yearni, Taiwan USI, Formosa, Brazil, North Africa, Belgium, Germany and the Philippines, etc.

The subject’s products are marketed in China and re-exported to Japan, South Korea, Australia, Malaysia, Vietnam and the Philippines.  China is one of the largest markets of the subject.  So far, the subject has established sales companies in Dongguan, Guangzhou and Shanghai; and has got affiliated rare metal factory in Dongguan, hot-melt adhesive factories in Shunde and Guangzhou, chlorinated products factories in Yangchun and Luzhou and a coating factory in Shaoguan, etc.  Overall business of the subject is rather active.

To our knowledge, the subject’s main associated company Dongguan Chengtai Chemical Co. Ltd. is in Dongguan City, Guangdong Province, China.  The contact person is Mr. Stephen Kwan who is a Hongkongnese.

As the history of the subject is over thirteen years and four months in Hong Kong, on the whole, consider it good for normal business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.81

UK Pound

1

Rs.75.16

Euro

1

Rs.65.11

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.