MIRA INFORM REPORT

 

 

Report Date :

31.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PS  (INTERNATIONAL)  TRADING  CO.

 

 

Registered Office :

Room 11, 5/F., Topsail Plaza,11 On Sum Street, Shatin, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

23.08.1999

 

 

Com. Reg. No.:

30328787-000-08

 

 

Legal Form :

Sole Proprietorship

 

 

LINE OF BUSINESS :

IMPORTER AND EXPORTER OF ALL KINDS OF PORT WINE.

 

 

No. of Employees :

3.

 

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 Company

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 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

 

Company name and address

 

PS  (INTERNATIONAL)  TRADING  CO.

 

 

Address:          

Room 11, 5/F., Topsail Plaza,11 On Sum Street, Shatin, New Territories, Hong Kong.

 

PHONE:            2794 0132

 

FAX:                 3142 7663

 

 

MANAGEMENT

 

Manager:  Mr. Chow Wing Hung

 

 

SUMMARY

 

Establishment:                          23rd August, 1999.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Wine Trader.

 

Employees:                   3.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Head Office:-

Room 11, 5/F., Topsail Plaza, 11 On Sum Street, Shatin, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

30328787-000-08

 

 

MANAGEMENT

 

Manager:  Mr. Chow Wing Hung

 

 

SOLE PROPRIETOR

 

Name:  Mr. CHOW Wing Hung

Residential Address:      Flat C, 23/F., Block 3, Villa Athena, Shatin, New Territories, Hong Kong.

 

 

HISTORY

 

The subject was established on 23rd August, 1999 as a sole proprietorship concern owned by Mr. Chow Wing Hung under the Hong Kong Business Registration Regulations.

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

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of port wine.

 

Employees:                   3.

 

Commodities Imported:   France, other European countries, Australia, etc.

 

Markets:                       Hong Kong, China, and other Asian countries.

 

Terms/Sales:                  COD or as per contracted.

 

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

 

FINANCIAL INFORMATION

 

Capital:             Not disclosed.

 

Profit or Loss:    Made a small loss in 2010.

 

Condition:          Business is under development.

 

Facilities:          Making fairly active use of general banking facilities.

 

Payment:          Met trade commitments as required.

 

Commercial Morality:  Satisfactory.

 

Banker:             The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:          Small.

 

 

GENERAL

 

PS (International) Trading Co. is a sole proprietorship set up and owned by Mr. Chow Wing Hung who is a Hong Kong merchant.

Business commenced in August 1999, the subject is a wine trader.  It is chiefly trading in port.  Commodities are chiefly imported from France, other European countries, Australia, etc.  Prime markets are Hong Kong, China, and other Asian countries.  The subject’s local customers are retailers, hotels, restaurants, etc.  Most of its products are re-exported to China.  Business is still under development.

The subject’s business is chiefly handled by Chow himself.  History in Hong Kong is over twelve years and seven months.  In the years ahead, the subject will put emphasize on the China market.

On the whole, consider it good for normal business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.80

Euro

1

Rs.68.34

 

 

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.