MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
HUGE FAITH INT'L HOLDINGS LTD |
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Registered Office : |
6fl Chinese Club Bldg 21 Connaught Rd
Central,
Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 21, 2005 |
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Com. Reg. No.: |
0947381 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading
Company |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Name & addresss
HUGE FAITH INT'L HOLDINGS LTD
6FL CHINESE CLUB BLDG 21 CONNAUGHT RD
CENTRAL,
HONG KONG
TEL:NA FAX: NA
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 21, 2005
REGISTRATION NO. :
0947381
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ON-NAN YEUNG (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 256,739
BUSINESS LINE :
SERVICE
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
NA
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIR
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77913 = US$1 AS OF 2006-11-6
*Company Registration*
===================
(1) License number : 0947381
Date issued : 21 January, 2005
Issuing authority
: Companies Registry
Type of license
: Corporate
(2) License number : 35372464-000
Issuing authority
: Inland Revenue Department
Type of license
: Business
*Capital Details*
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Share value : HKD 1.00
Authorized capital :
HKD 2,000,000.00
Paid-up capital : HKD
1,600,000.00
*Office & Facilities*
================
Note
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We were unable to find any reference of the
supplied address on any local. The above address as reflected on our report was
confirmed to be its current registered/operating address.
*Reputation*
==========
Due to the recent incorporation of the firm, no
meaningful points of reference in terms of reputation within the respective
industry was possible.
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 1
Total number of shares : 1,600,000
Shareholder's
Name No. of Shares Amount of Shares
(HKD) % of Shares
---------------------------
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Mr.
On-nan Yeung 1,600,000 1,600,000.00 100.00
Share transfers :
Date No. of Shares Transferor(s) Transferee(s)
------ ------------------ ------------------ -----------------
15 August, 2005 800,000 Shi-he Pan On-nan Yeung
*Director's Details*
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Mr. On-nan Yeung
National ID No. : H310983(8)
Address
: Flat E 10Fl Fairview Garden Block 2, 53-61 Wai Tsuen Rd, Tsuen Wan,
New Territories, Hong Kong
*Corporate Secretary*
=================
MIND VAST SECRETARIAL MANAGEMENT LTD
CR No. :
157168
Address : Flat H 4Fl Winner Bldg Block A 27-39
D'Aguilar Lan Kwai Fong Central Hong Kong
Name Nationality
Job Description
Mr. On-nan Yeung Hong
Kong Director
*Operations Status*
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No telephone listing could be found for the
company. It is therefore not possible to contact the company directly to obtain
further information. The nature and extent of the company's operations could
not be determined and it could not be confirmed whether the company operates
from the Registered Office address or in another location.
*Main Products & Services*
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Operates as a holding company.
Products : financial services
SC is
not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
0
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Rating Key |
Implication |
Implications |
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1 |
Scores
85100 |
Excellent |
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2 |
Scores
75 84 |
Above
Average |
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3 |
Scores
50 74 |
Average |
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4 |
Scores
35 49 |
Fair |
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5 |
Scores
15 34 |
Below
Average |
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6 |
Scores
01 14 |
Poor |
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NR |
No
Data |
No
Data |
The
rating indicates the payment pattern of SC based upon our Payment Database,
comments from suppliers of SC, information from banks (if available), as well
as industrial sources.
As a private limited company there is no legal
requirement according to local corporate law for public disclosure of detailed
financials.
Additionally as the company was only established
one (1) year ago no financials have been lodged.
Based on
the investigations performed, it has not been possible to prepare a normal
credit report on the company. Given the circumstances, caution is advised
related to dealings with persons claiming to represent such an entity.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Service 6700 Holding & Investment Offices
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Service 9900 Business services, health, financial/insur.
legal/real estate, hotels, and misc repairs
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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