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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
L &
J INDUSTRIAL CO. |
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Registered Office : |
Unit 6-8, 3/F., Cheung Tat Centre, 18 Cheung Lee Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.09.1995 |
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Com. Reg. No.: |
19309578-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of Mannequin and mannequin parts (head with human hair). |
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No. of Employees : |
15. |
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 |
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Status : |
Satisfactory |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
L &
J INDUSTRIAL CO.
3/F., CNT
Commercial Building, 302 Queen’s Road Central, Sheung Wan, Hong Kong.
PHONE: 2557 2449, 2558 2833,
2558 3890
FAX: 2897 0125
E-MAIL: lnj@lnjmanikins.com
Manager: Ms. Yip Wai Mun, Linda
Establishment: 7th September, 1995.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: 15.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
L &
J INDUSTRIAL CO.
Registered
Office:-
Unit 6-8, 3/F.,
Cheung Tat Centre, 18 Cheung Lee Street, Chai Wan, Hong Kong.
Head
Office:-
3/F., CNT
Commercial Building, 302 Queen’s Road Central, Sheung Wan, Hong Kong.
Associated
Companies:-
Joyful Queen Beauty Products Factory, China.
Joyful Queen Hair Beauty Products Ltd., China.
L & J Hair Beauty Products Factory, China.
L & J Hair Beauty Products Ltd., Hong Kong. (Same address)
Linda Beauty Group Ltd., Hong Kong. (Same address)
TONI&GUY Hair Dressing Ltd., China.
19309578-000-09
Manager: Ms. Yip Wai Mun, Linda
Contact
Person: Ms. Sheila Chan
Name: Ms. YIP Wai Mun
Residential
Address: 2/F., Clement Court, 58 Mount Butler Road, Jardine’s Lookout,
Hong Kong.
The
subject was established on 7th September, 1995 as a sole proprietorship concern
owned by Ms. Yip Wai Mun under the Hong Kong Business Registration Regulations.
Initially
the subject was located at Flat A, 6/F., Nan Fung Industrial Building, 7 Cheung
Lee Street, Chai Wan, Hong Kong, moved to Unit 6-8, 3/F., Cheung Tat Centre, 18
Cheung Lee Street, Chai Wan, Hong Kong in September 1997. Recently, the subject’s head office has moved
to the present address while the former address at Cheung Tat Centre remains as
its registered office.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, Exporter and Wholesaler.
Lines: Mannequin and mannequin parts (head with human hair).
Employees: 15.
Commodities Imported: Europe, China, etc.
Markets: Japan, North America, Taiwan. Western Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
Capital: Not disclosed.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Wing Hang Bank
Ltd., Hong Kong.
Standing: Small.
L
& J Industrial Co. is a sole proprietorship set up and owned by Ms. Linda
Yip Wai Mun who is a Hong Kong businesswoman.
She is also the manager of the subject.
The
subject has had an associated company Linda Beauty Group Ltd. located at its
operating address. The subject and Linda
Beauty Group Ltd. are engaged in the same lines of business, more or less.
Linda
Beauty Group is a renowned leading service provider in the hair industry which
is specialized in diversified aspects including research and development,
manufacture, promotion, exhibition, as well as education and training.
Being
the pioneer in the industry since 1979, Linda Beauty Group has been highly
prestigious both locally and in China.
It has had business partners in 20 countries throughout the world. The establishment of TONI&GUY (Northern
China) Academy and Hair Salon in Beijing have given a further boost to the hair
industry in China.
The
subject is carrying the following brand names: “TONI&GUY”, “label.m”, “DENMAN”, “BLOWW”, “TSUBAME”, “Jaguar”, “Salon Superintend”, “HAIRCHITECT”, “BALMAIN”, “PARLUX”, etc.
The
subject has had an associated company L & J Hair Beauty Products Ltd. which
is one of the subsidiaries of the Group.
This firm is engaged in multi-faceted research and development.
Another
subsidiary of Linda Beauty Group, L & J Hair Beauty Products Factory is
situated in Dongguan City, Guangdong Province, China which is in a site area of
over 13,000 sq.m. Having been awarded
ISO 9001:9002 certifications since 2002, the factory is committed to
manufacture hair beauty products.
The
subject has had another associated organization known as The Linda Yip
Charitable Trust [LYCT]. LYCT was
established in 2008 by Ms. Linda Yip Wai Mun, Director of Linda Beauty Group
(HK). On Linda Beauty Group 30th
Anniversary Ball, Ms. Linda Yip contributed HK$5 million dollars to establish
LYCT. LYCT is committed to investing in
“Youth care & Education”. Providing
more opportunities to young people in order to let them to develop their
potential and improve the education in China is the main aim and objective of
LYCT.
The
subject’s business is chiefly handled by Linda Yip herself.
On
the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
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.