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Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
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Name : |
T.F.H. TEXTILE (H.K.) LTD. |
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Registered Office : |
Flat 28, 15/F., Metro Centre Phase II, 21 Lam Hing Street, Kowloon Bay, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.07.2011 |
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Com. Reg. No.: |
58812635 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of all kinds of fabrics, etc. |
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No. of Employees : |
11. (Including associates) |
RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
T.F.H. TEXTILE
(H.K.) LTD.
ADDRESS: Flat 28, 15/F., Metro Centre
Phase II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2756 2881
FAX: 2756 2510
Managing Director: Mr. Cheng Hon
Lung
Incorporated on: 28th
July, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Fabric Trader.
Employees:
11. (Including associates)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Flat 28, 15/F., Metro Centre Phase II, 21 Lam Hing Street, Kowloon Bay,
Kowloon, Hong Kong.
Associated Companies:- (Same
address)
T.F.H. Investment Ltd., Hong Kong.
T.F.H. Textile Co. Ltd., Hong Kong.
T.F.H. Trading Ltd., Hong Kong.
[Business name: Tai Fung Hong]
58812635
1646240
Managing Director: Mr. Cheng Hon
Lung
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry dated 28-07-2011)
|
Name |
|
No. of shares |
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CHAN Pik Ngor, Betty |
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80,000 |
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CHENG Hon Lung |
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20,000 |
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Total: |
100,000 ====== |
(As per registry dated 08-10-2011)
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Name (Nationality) |
Address |
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CHAN Pik Ngor, Betty |
Flat C, 23/F., Tower 1, The Waterfront, 1 Austin Road West,
Tsimshatsui, Kowloon, Hong Kong. |
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CHENG Hon Lung |
Flat C, 23/F., Tower 1, The Waterfront, 1 Austin Road West, Tsimshatsui,
Kowloon, Hong Kong. |
(As per registry dated 18-10-2011)
|
Name |
Address |
Co. No. |
|
Precise Secretarial & Accountancy Service Ltd. |
Flat A-B, 8/F., Ngan House, 210 Des Voeux Road Central, Hong Kong. |
0145682 |
The subject was incorporated on 28th July, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: All
kinds of fabrics, etc.
Employees: 11. (Including associates)
Commodities Imported: China, UK, other European countries, etc.
Markets: China,
other Asian countries, Middle East, North America, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
Facilities: Making
rather active use of general banking facilities.
Payment:
Unknown .
Commercial Morality: Too
early to comment.
Banker:
Bank of
China (Hong Kong) Ltd., Hong Kong.
Standing:
Normal.
Having issued 100,000 ordinary shares of HK$1.00 each, T.F.H. Textile
(H.K.) Ltd. is jointly owned by Ms. Chan Pik Ngor, Betty, holding 80%
interests; and Mr. Cheng Hon Lung, holding 20%.
They are also directors of the subject.
Chan and Cheng is a couple.
The subject was newly set up in July 2011. However, it has had four associated companies
located at its operating address:-
T.F.H. Investment Ltd.
T.F.H. Textile Co. Ltd. [TFHTCL]
T.F.H. Trading Ltd.
Tai Fung Hong
Of the above-mentioned firms, TFHTCL was incorporated on 15th April,
1988. The history of this firm is the
longest.
The subject and TFHTCL are engaged in the same lines of business, more
or less. TFHTCL is trading in all kinds
of grey cloth cotton or woven.
Commodities are imported from Europe, China, other Asian countries,
etc. Prime markets are China, other
Asian countries, the Middle East, North America, etc. Regular customers and suppliers have been
maintained. Business is steady. The business of TFHTCL is also handled by the
couple.
The history of the subject in Hong Kong is just over seven months. However, the history of TFHTCL is over
twenty-three years.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
|
1 |
Rs.78.79 |
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Euro |
1 |
Rs.65.74 |
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 |
|
<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 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.