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Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
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Name : |
AGENCY COMMERCIAL WAI KEI |
|
|
|
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Registered Office : |
A Travessa Martinho
Montenegro, No. 31, Edificio Lao Hong, ARC, Em |
|
|
|
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Country : |
Macau |
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Date of Incorporation : |
24.06.1994 |
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Com. Reg. No.: |
CO 21063 |
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|
|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Subject is engaged in Providing Daily Files Handling
Services. |
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|
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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 |
|
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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Macau |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
|
Company Name (in
English): |
Agency
Commercial Wai Kei (Translated) |
|
Company Name (in Portuguese): |
Agencia
Comercial Wai Kei |
|
Supplied Name: |
|
|
Trading Address: |
A Travessa Martinho Montenegro, No. 31, Edificio Lao Hong, ARC, em
Macau |
|
Supplied
Address: |
|
|
Telephone
Number: |
|
|
Fax Number: |
Note: The exact name and
address are as above, and the supplied name belongs to subject’s name in
Portuguese.
|
Registered Name: |
Agency Commercial Wai Kei (Translated) |
|
Registered Address: |
A Travessa Martinho Montenegro, No. 31, Edificio Lao Hong, ARC, em
Macau |
|
Date of Registration: |
1994-6-24 |
|
Business Registered Number: |
CO 21063 |
|
Legal Form: |
Sole Proprietorship |
|
Registered Capital: |
N/A |
|
Principal Activities: |
Subject is engaged in providing daily files
handling services. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Information Ended at: |
2014-10-15 |
Note: Subject did not
have its own registration number, and the above number belongs to its Individual
business owners (Man Wai Tin E.I.). We cannot obtain the registered capital or
number of staff from local registry or the subject.
Subject was incorporated on 1994-6-24 with registered number CO 21063 as Sole Proprietorship in Macao.
Subject did not register any subsidiaries or
branches, from other source we can not obtain the relevant information, either.
Owner:
|
Name: |
Man, Wai Tin |
|
Address: |
20E, Lai Chun Kok Supreme Flower City, Chengdu Street, Taipa, Macau |
|
Position: |
Owner |
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Marital Status: |
Unmarried |
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Gender: |
Mail |
Offices &
Factories
|
|
Office |
|
Address: |
A Travessa Martinho Montenegro, No. 31, Edificio
Lao Hong, ARC, em Macau |
|
Area: |
66.035 square meters |
Premises
Information
Office address:
|
Address: |
A Travessa Martinho Montenegro, No. 31, Edificio Lao Hong, ARC, em
Macau |
|
Owners: |
Tai Chong Seng |
|
Matriz: |
36226 |
|
Nature: |
Urban |
|
Duration: |
Not Stated |
Operation
Information
· Subject is engaged in daily files handling service for its related companies in Mainland China.
· It is introduced that the customers should be connected with its Mainland China Company directly.
· Subject’s related company in Mainland China is engaged in trading of stone materials, etc.
· It is introduced that the products of the subject’ related companies are both purchased at home and abroad like India, etc.
· It is introduced that the selling territory of subject’s related company covers domestic market and abroad.
Since subject is engaged in files handling
without sales business, the settlement information is not available.
It is introduced that the details of
settlements are to be negotiated.
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 rejected to disclose
the financial information; from other sources we could not obtain such
information, either.
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
Interview Details:
|
Name: |
Ms. Wen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.