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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ANK |
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Registered Office : |
PH-1A, House 1, Forest Hill, 31 Lo Fai Road, Tai Po,
New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.12.2005 |
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Com. Reg. No.: |
36360363-000-12 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Manufacturer, Importer and Exporter of Toys, gifts, baby
care products, health care products, general household accessories,
decoration materials, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ANK
PH-1A, House 1,
Forest Hill, 31 Lo Fai Road, Tai Po, New Territories, Hong Kong.
PHONE: 2601 9817
FAX: 2601 9881
E-MAIL: ankglobalsource@gmail.com
Manager: Mr. Tsang Chun Biu, Andy
Establishment: 1st December, 2005.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Manufacturer, Importer and Exporter.
Annual Turnover: HK$30-35 million.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ANK
Head
Office:-
PH-1A, House 1,
Forest Hill, 31 Lo Fai Road, Tai Po, New Territories, Hong Kong.
Associated
Company:-
ANK Global Ltd.,
Hong Kong.
36360363-000-12
Manager: Mr. Tsang Chun Biu, Andy
Name: Mr. TSANG Chun Biu, Andy
Residential
Address: PH-1A, House 1, Forest Hill, 31 Lo Fai Road, Tai Po, New Territories,
Hong Kong.
The
subject was established on 1st December, 2005 as a sole proprietorship concern
owned by Mr. Andy Tsang Chun Biu under the Hong Kong Business Registration
Regulations.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Manufacturer, Importer and Exporter.
Lines: Toys, gifts, baby care products, health care products, general household accessories, decoration materials, etc.
Employees: Nil.
Commodities Imported: China or acquired locally.
Markets: Japan, India, Southeast Asia, Europe, Central America, etc.
Annual Turnover: HK$30-35 million.
Terms/Sales: L/C, T/T, O/A, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Capital: Not disclosed.
Profit or Loss: Made very small profit in past three years.
Condition: Business is fairly active.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
ANK
is a sole proprietorship set up and owned by Mr. Andy Tsang Chun Biu who is a
Hong Kong merchant. The subject
commenced business in December 2005.
The
subject’s registered address is located at PH-1A, House 1, Forest Hill,
31 Lo Fai Road, Tai Po, New Territories, Hong Kong where is the
residence of Andy Tsang.
The
subject has had an associated company ANK Global Ltd. which is a Hong
Kong-registered firm.
The
subject is set up to provide comprehensive service of products sourcing, OEM
products development and manufacturing, and offering consultancy services in
international marketing. It had a
retailing outlet in Tai Po, New Territories, Hong Kong.
However,
the retailing outlet has been closed down.
Andy Tsang has over twenty years working experience in the fields of
toys, gifts, die-cast models, baby care, and home decoration items. He had been the sales director of a number of
companies before setting up the subject.
The
subject has established strategic alliance with a number of high quality
manufacturers in China in order to provide clients with suitable services.
The
subject offers clients with the following services:-
·
OEM Development and Manufacturing
·
Products outsourcing.
The
subject is also engaged in price negotiation, concept designing, prototype
development, tooling development, pre-production sample approval, purchase
order, production plan, quality control, shipping arrangement and payment.
Currently,
the subject is chiefly involved in the following sectors:-
·
Baby beddings and Baby Care supplies
·
Bags
·
Clocks and watches
·
Computer electronics and accessories
·
Consumer Electronics
·
Gift and premiums
·
Office supplies
·
Oral Hygiene items
·
Other commoditie
·
Polyresin models
·
Shoes and sandals
·
T shirts and socks
·
Toiletories.
The
subject’s customers are in Japan, India, Southeast Asian, Europe,
South America, etc. For instance,
The
subject has been distributing Sealer baby diapers and Dr P adult diapers to the
Central America countries since 2005.
Sealer baby diapers are manufactured by Everbeauty Corporation in
Taiwan.
Annual
sales turnover ranges from HK$30 to 35 million.
Business is chiefly handled by Mr. Andy Tsang himself.
The
subject’s history in Hong Kong is over six years and five months.
Since
the registered office of the subject is in a residential building, consider it
good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.