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Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TAI SENG COFFEE COMPANY |
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Registered Office : |
Avenida De Venceslau Morais No.221, Fase II Edif. Industrial Nam Fong 14 Andar, E |
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Country : |
Macau |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trader of coffee and coffee making machines |
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No of Employees : |
About 5 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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|
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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.
MACAU - ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. - In 2013, Macau's gaming-related taxes accounted for more than 85% of total government revenue. Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-13, largely on the back of tourism from mainland China and the gaming sectors. In 2013, this city of 607,500 hosted nearly 29.3 million visitors. Almost 64% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. China is Macau's second largest goods export market, behind Hong Kong, and followed by the United States. In 2013, exports were US$1.1 billion, while gaming receipts were US$45.2 billion, an 18.6% increase over 2012. Macau's economy expanded by 11.9% in 2013; although impressive, it was a slower growth rate than in previous years. Macau continues to face the challenges of managing its growing casino industry, money-laundering, and the need to diversify the economy away from heavy dependence on gaming revenues. Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
|
Source
: CIA |
|
Tai Seng Coffee
Company |
|
|
Supplied Name: |
|
|
Trading Address: |
Avenida De
Venceslau Morais No.221, Fase II Edif. Industrial Nam Fong 14 Andar, E, Macau |
|
Supplied
Address: |
|
|
Telephone
Number: |
|
|
Fax Number: |
|
Credit Opinion: |
In view of the absence of information about subject’s
registered file, caution should be exercised. |
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Risk Analysis: |
Poor creditworthiness |
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Name: |
Tai Seng Coffee Company |
|
Address: |
Avenida De Venceslau Morais No.221, Fase II Edif. Industrial Nam Fong 14
Andar, E, Macau |
|
Date of Registration: |
N/A |
|
Business Registered Number: |
N/A |
|
Legal Form: |
Sole
Proprietorship |
|
Registered Capital: |
N/A |
|
Principal Activities: |
Trading of
coffee and coffee making machines, etc |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
Note: Subject’s relevant staff Mr. Cui introduced that subject
operates as Sole
Proprietorship Company in Macao and it doesn't register in Macao Commercial
Registry. So the date of registration and business registered number are not available
from registry or any other sources. The other information in the report is
obtained from interview.
It is not required for Sole Proprietorship Company to
register capital.
Related Company
|
Registered Name: |
San Tai Seng Coffee Company
Limited |
|
Registered Address: |
Em
Macau, Avenida De Venceslau De Morais No. 221, Nan Fong Kong Ip Tai Ha Bloco
1st Andar A |
|
Date of Registration: |
2012-4-5 |
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Business
Registered Number: |
SO
42388 |
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Registered
Capital: |
MOP
30,000 |
‘
|
Name: |
Choi Meng Cheong |
|
Address: |
Room O, 7/F., Bidg 2, Yinyi Gardenm Heisha Huan Xie Road,
Macao |
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Gender: |
Male |
Offices & Factories
|
|
Office |
|
Address: |
Avenida De
Venceslau Morais No.221, Fase II Edif. Industrial Nam Fong 14 Andar, E, Macau |
Production Information
l
Subject is a trader of
coffee and coffee making machines, etc without any production activities.
Purchase Information
l
Subject purchases
products mainly from abroad such as Brazil, Colombia, Indonesia and Italy, etc.
Sales Information
l
Subject is engaged in sale of coffee
and coffee making machines, etc.
l
The major products sold by subject
include coffee bean, instant coffee, filled milk, bean grinder and
refrigerator, etc.
l
Subject’s sales region is mainly in
Macao domestic market.
l
Subject’s major customers are coffee
shops, stores and individuals, etc.
Purchase
1.
Domestic
Purchase
Subject has little domestic purchase.
2.
Import
|
Products |
Coffee, etc |
|
Terms |
T/T, etc |
Sales
1.
Domestic
Markets
|
Product |
Coffee,
etc |
|
Terms |
Cash, T/T, etc |
2.
Export
Subject has little export.
The subject
has no obligation to supply its financial statement to the third party
according to the relevant policy in Macao and the only source from which we can
obtain the information is the subject itself.
Subject’s relevant staff Mr. Cui, Molly rejected to disclose the financial information, from other resources we cannot find it, either.
|
Name: |
Bank of China, Macau Branch |
|
Name: |
Mr. Cui |
|
Position: |
Manager |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.58 |
|
|
1 |
Rs. 98.66 |
|
Euro |
1 |
Rs. 79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
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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 |
|
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.