MIRA INFORM REPORT

 

 

Report Date :

11.04.2006

 

IDENTIFICATION DETAILS

 

Name :

PSA MACAO COMMERCIAL OFFSHORE LTD

 

 

Registered Office :

Alameda Dra Carlos D Assumpcao Nos 339-341 F Dif Centro holine 21 andar B Macau

 

 

Date of Incorporation :

2004

 

 

Legal Form :

Private

 

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

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


 

COMPANY NAME

 

PSA MACAO COMMERCIAL OFFSHORE LTD                      

                                                                                                                                                                                                   

Country:                        Macau

Company name:             PSA MACAO COMMERCIAL OFFSHORE LTD

Office address:               Alameda Dra Carlos D Assumpcao Nos 339-341 F Dif Centro holine 21 andar B Macau

Office tel:                       757840      

Established:                   2004

 

 

OWNERSHIP

 

Chairman:                      Mr Tian-suan Yap

Nationality:                    Hong Kong

Capital:                          MOP100,000

Corporate formation:      Private       

Direct parent:                ABTERRA LTD                                                                   

Nationality                     Singapore

 

Detailed Report

 

 

COMPANY MANAGEMENT

 

Director                Mr Tian-suan Yap

Nationality:           Hong Kong

 

Director                Ms Hiu-ying Cheng

Nationality:           Hong Kong

 

 

FINANCIAL DESCRIPTION

 

*Capital Details*

=============

Share value                   : MOP$ 100/-each

Authorized capital          : MOP$ 100,000 divided into 100,000 ordinary shares

Paid-up capital               : MOP$ 100,000

 

*Company Registration *

==================

Company Name in English      : PSA MACAO COMMERCIAL OFFSHORE LTD

Company Name in Portugues  : PSA COMERCIAL OFFSHORE DE MACAU

  LTDA

License number                      : 19735 SO

Date issued                             : 23 October 2004

Issuing authority                     : Conservatoria Dos Registos Comercial E De

  Bens Moveis

 

*Change of Company Name*

=====================

No record

 

In-depth Report

 

 

ORGANIZATION STRUCTURE

 

*Partial change in the company's directorship*

================================

Name(s) of resigned director(s)                          Resignation date

------------------------------------------------------------------------------------------

Ben-koon Wong                                                   23 June 2005

 

*Key Personnel*

============

Tian-suan Yap

Marital                  : Married

Position                : Director

Resident status    : Chinese nationality and Macau resident

Responsibilities    : Currently active in the company's day-to-day operations & is responsible for its management.

Registered address: Flat G, 28/F., Hang Sing Mansion, Taikoo Shing Sing Fai Terrace, Hong Kong

 

 

RELATED PARTIES DESCRIPTION

 

*Major Shareholders*

 

Total number of shareholders           : 1

Total number of authorized shares   : 100,000

Total number of paid-up shares        : 100,000

Share Class                                       : Ordinary Share

 

Shareholder Name                                No of Shares

-------------------------------------------------------------------------

ABTERRA LTD                                      100,000

 

*Shareholders' Details*

================

ABTERRA LTD

Previous address : Hua Kok International Ltd

Address: Hua Kok Industrial Building, 32 Sungei Kadut Way, Singapore 728787

 

*Directors' Details*

==============

(1)

Tian-suan Yap

 

(2)

Hiu-ying Cheng

Marital: Married

Position : Director

Resident status : She is by Chinese nationality and Macau resident

Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.

Registered address: Flat G, 28/F., Hang Sing Mansion, Taikoo Shing Sing Fai Terrace, Hong Kong

 

You will received updated one within several days later.

 

 

 

 

 

 


 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

 

 

 

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