MIRA INFORM REPORT

 

 

Report Date :           

07.01.2012

 

IDENTIFICATION DETAILS

 

Name :

SUN  SHING  RICE  VERMICELLI  &  NOODLES  FINE  FOOD

 

 

Registered Office :

G/F., 54 Hau Tei Square, Tsuen Wan, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

15.12.2005

 

 

Com. Reg. No.:

36310164-000-12

 

 

Legal Form :

Sole Proprietorship.

 

 

Line of Business :

Restaurant Operator of all kinds of Cantonese and Hong Kong cuisines

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

Payment Behaviour :

No Complaints

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

SUN  SHING  RICE  VERMICELLI  &  NOODLES  FINE  FOOD

 

 

Company ADDRESS

 

G/F., 54 Hau Tei Square, Tsuen Wan, New Territories, Hong Kong.

PHONE:                        3165 1247

FAX:                 2312 1078

 

 

MANAGEMENT

 

Manager:  Mr. Lam Kin Ku

 

 

SUMMARY

 

Establishment:                          15th December, 2005.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Restaurant Operator.

 

Employees:                   10.

 

Main Dealing Banker:     Industrial & Commercial Bank of China Ltd., Hong Kong Branch.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office & Shop:-

G/F., 54 Hau Tei Square, Tsuen Wan, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

36310164-000-12

 

 

MANAGEMENT

 

Manager:                       Mr. Lam Kin Ku

Contact Person:             Mr. Lam Chi Shing  (Mobile: 9132 9941)

 

 

SOLE PROPRIETOR

 

Name:                           Mr. LAM Kin Ku

Residential Address:      Flat E, 15/F., On Lee Building, 9-15 Fei Fung Street / 41-53 Fung Tak Road, Fung Wong

San Tsuen, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 15th December, 2005 as a sole proprietorship concern owned by Mr. Lam Kin Ku under the Hong Kong Business Registration Regulations.

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

 

 

OPERATIONS

 

Activities:                      Restaurant Operator.

 

Lines:                           All kinds of Cantonese and Hong Kong cuisines.

 

Employees:                   10.

 

Commodities Imported:   China and Asian countries, etc.

 

Market:                         Hong Kong.

 

Terms/Sales:                 COD, etc.

 

Terms/Buying:               As per contracted.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a small profit in the past four years.

 

Condition:                      Keeping in a normal manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Industrial & Commercial Bank of China Ltd., Hong Kong Branch.

 

Standing:                      Small.

 

 

GENERAL

 

Sun Shing Rice Vermicelli & Noodles Fine Food (transliteration) is a sole proprietorship set up and owned by Mr. Lam Kin Ku who is a Hong Kong merchant.  Lam Kin Ku is also the manager of the subject.

The contact person of the subject Lam Chi Shing, your given enquiry, is a family member of Lam Kin Ku.  Your given phone number 9132 9941 belongs to Lam Chi Shing.

The subject is a Hong Kong style restaurant.  It offers customers with all kinds of Hong Kong style cuisines.  Its floor area covers an area of about 700 sq.ft.

The subject imports foodstuffs, gourmets, seasonings from China, other Asian countries and local suppliers.

Having about ten employees, the subject is a low-end restaurant.  Most of the customers are nearby residents.  Business is fairly active.

The history of the subject in Hong Kong is over six years.  On the whole, consider the subject good for normal business engagements in small credit amounts.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.