MIRA
INFORM REPORT
|
Report Date : |
14th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
GRANDWAYS INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
Unit 503, 5/F, Silvercord, Tower 2, 30 Canton Rd., Tsimshatsui, Kowloon, Hong
Kong |
|
|
|
|
Country : |
Hong Kong |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
Status : |
Undetermined
|
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
GRANDWAYS INTERNATIONAL LTD.
UNIT 503, 5/F, SILVERCORD, TOWER 2, 30 CANTON RD.,
TSIMSHATSUI, KOWLOON, HONG KONG.(MOST LIKELY ADDRESS)
TEL: NOT REGISTERED
FAX: NOT REGISTERED
Narrative report
This refers to a type of report whose format
is different from that of a standard report. Such type of report is provided
when:
l
Information obtained is insufficient for compiling
a standard report.
l
The enquired co has been out of business or its
business address has been untraceable.
It should be noted
that the time and manpower spent on preparing such type of report might be
greater than those on a standard report. On many occasions, the information in
this type of report still indicates the current status of the enquired co. and
serves as a useful reference to assess its credit standing.
Details of its
incorporation information are shown to be as follows:
Authorized capital
:HKD10,000 divided into 10,000 shares @ HKD1.-
Paid-up capital
:HKD10,000
Shareholders/subscribers
(as at 24-3-2006)
Name(s),
ID/passport number, nationality & registered address No. of Shares
- *Han Wen Qing /
370223501004604 / Chinese 5,000
/ Qian Er Gou Cun,
Wang Tai Zhen, Jiao Nan Xian,
Shandong Province,
PR China.
- *Han Ming Chen /
370223490817607 / Chinese 5,000
/ -- ditto -- --------
10,000
=====
Directors(as at
24-3-2006)
Name(s),
ID/passport number & nationality Registered
address
*Also directors
The above
information is based on SC's registration documents filed in Companies Registry
within the last 2 years.
This section will
contain the civil litigations & winding-up petitions filed against SC for
the last 6 years (as stored in our database), and the mortgage/charge filed by
SC for the last 2 years. In Hong Kong, creation of such mortgage/charges by an
unlimited co is not required to be registered in the public records.
Civil
litigation/winding-up petitions : None in our database.
Mortgage/charge
record(s) : (X) see below ( ) see per
attached
Creation date : 17-4-2006
Charger(s) : SC
Chargee(s) : HSBC
Secured amount : ANS
Charge particulars : Security Over Deposits (Deposit: US$600,000)
Han Wen Qing,
director.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection
records : No overdue amount owed by the said
person was placed to us
for
collection
Han Ming Chen,
director.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection
records : No overdue amount owed by the said
person was placed to us
for
collection
A check of our
database & enquiry with outside sources indicate no information regarding
the background of SC's principals.
Besides, SC's principals could not be contacted for enquiry during our course
of report preparation.
Detailed information regarding its activities is not
available.
SC is not known to
have any subsidiary at present.
The premises is occupied as office by
Success Business Consultant Ltd. (Tel: 852-23171139 & Fax: 852-23176139)
which is a business centre.
The said co. provides operational (like
telephone, fax & office equipment) & clerical support service to its
clients each of whom usually sub-leases a Success Business Consultant Ltd.
(Tel: 852-23171139 & Fax: 852-23176139) desk or a room as office there.
Our reporter then contacted a female staff
member of the said co.
She confirmed that SC is one of the many
cos. whose secretarial & Sheaccounting affairs are being handled by them.
She further advised that only SC's
principal(s) could handle outside parties business enquiries on SC while SC's
principals were not in office by that time.
It is a general practice in Hong Kong that a
firm of such business nature does not disclose a client's information to the
third party without the client's consent.
She had promised to pass our message &
deliver our brochure & questionnaire to SC's principal(s). However, we have
not yet received any reply.
Our current
inquiry reveals that no such name as SC is registered as a current user of
local fixed line telephone companies.
In Hong Kong, it
is quite an unusual practice for an active company not having any telephone
line registered under its own name; as this will directly hinder its potential
customers to contact them & its activeness in the local market is also in
doubt.
SC is unknown in
the local market or to the sources we contacted. Our database also indicates no further information regarding SC.
We are unable to establish the precise nature of SC's operations & assess
SC's credit standing for the time being.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |