MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
NOVO
COMMODITIES LTD. |
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Registered Office : |
Unit 1602, 16/F, Malaysia Building, 50
Gloucester Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
31-1-2005 |
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Com. Reg. No.: |
949449 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME
NOVO COMMODITIES
LTD.
ADDRESS
UNIT 1602, 16/F, MALAYSIA BUILDING, 50 GLOUCESTER ROAD, WANCHAI, HONG KONG. (AS REGISTERED)
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.
SC is a
private limited co. incorporated under co. file no. 949449 on 31-1-2005.
Details
of its incorporation information are shown to be as follows:
Authorized
capital : HKD8M divided into 8M shares @ HKD1.-
Paid-up
capital : HKD8M
Shareholders/subscribers
(as at 16-6-2006)
Name(s),
ID/passport number, nationality & registered address No. of Shares
- Novo Commodities
Holdings Ltd. 8,000,000
/ Sea
Meadow House, Blackburne Highway, (P.O. Box 116), =======
Road
Town, Tortola, BVI.
Directors(as
at 31-1-2006)
Name(s),
ID/passport number & nationality Registered
address
- Chow
Kin Wa Flat
C, 8/F, Chen Hsin Mansion,
/
C467292(3) / Chinese Sam
Pei Square, Tsuen Wan, N.T., Hong Kong.
- Ma Sau
Ching Tailianna Unit
1108, 11/F, China Merchants Tower,
/
D468163(1) / Chinese Shun
Tak Centre, 168-200 Connaught Road
Central,
Hong Kong.
- Yu
Wing Keung Dicky Unit
1108, 11/f, China Merchants Tower,
/
E767838(3) / Chinese Shun
Tak Centre, 168-200 Connaught Road,
Central,
Hong Kong.
The
above information is based on SC's registration documents filed in Companies
Registry within the last 2 years.
Current
search reveals certain material change or amendment of SC has been recorded
within the last 2 years & noted as follows:
Change
in shares holding:
Date Transferor(s) Transferee(s) No. of shares transferred
22-4-2005 Chow Kin Wa Novo Commodities 10,000
Holdings
Ltd.
Shares
allotted on 16-6-2006:
-
Allottee: Novo Commodities Holdings
Ltd.
- No. of
shares: 4,000,000
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 : 4-8-2005
Charger(s) : SC
Chargee(s) : Industrial & Commercial Bank of
China (Asia) Ltd.
Secured
amount: ANS
Charge
particulars : Charge on Deposits
Creation
date : 4-8-2005
Charger(s) : SC
Chargee(s) : Industrial & Commercial Bank of
China (Asia) Ltd.
Secured
amount: ANS
Charge
particulars : Charge on Cash Deposits
Creation
date : 4-8-2005
Charger(s) : SC
Chargee(s) : Standard Chartered Bank (HK) Ltd.
Secured
amount: ANS
Charge
particulars : Charge Over Deposits
(Deposit: HKD6.2M & US$0.32M)
Creation
date : 18-7-2006
Charger(s) : SC
Chargee(s) : Nanyang Commercial Bank Ltd.
Secured
amount: ANS
Charge
particulars : Mortgage (Unit 9, 11/F,
China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong
Kong.)
Creation
date : 7-8-2006
Charger(s) : SC
Chargee(s) : Standard Chartered Bank (HK) Ltd.
Secured
amount: ANS
Charge
particulars : Charge Over Deposits
(Deposit: US$1M)
Creation
date : 4-10-2006
Charger(s) : SC
Chargee(s) : Cooperatieve Centrale Raiffeisen -
Boerenleenbank B.A. *
Secured
amount: ANS
Charge
particulars : Trade Finance Security Assignment
* t/a
Rabobank International
Mortgage
Index :
Year(s)
in which mortgage registration(s) are filed: 2005, 2006
Year(s)
in which mortgage satisfaction record(s) are filed: Nil
Detailed
information regarding its activities is not available.
SC is
not known to have any subsidiary at present.
A visit
to the premises at the heading business address by our field reporter revealed
the following:
The
address is a commercial premises outside of which SC's name was not seen on
display. Instead, the following co.
name(s) was/were seen on display:
- Lixin
C.P.A. Ltd.
- TopSec
Services Ltd.
Condition
inside the premises during our visit: Normal
Office/factory
outlay: Standard
The
premises is occupied as office by Lixin C.P.A. Ltd. (Tel: 852-28346483 &
Fax: 852-28930602) which is a certified public accountants firm with sideline
business in providing company secretarial services.
Our
reporter then contacted a female staffmember of the said co.
She
confirmed that SC is one of the many cos. whose secretarial & accounting
affairs are being handled by them.
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.
OWNERSHIP/MANAGEMENT
BACKGROUND
Yu Wing
Keung Dicky, director:
- Born
in 1962
- He
holds a Master's degree in Business Administration from Brunel University, UK
and is a full member of the Chartered Institute of Marketing in UK
- He has
over 15 years of experience in international metal trading business
- Also
currently director of the following cos.:
~ Cafes Do Brasil Ltd.
~ Jackful Investment Ltd.
~ Novo Investment Ltd.
~ Novostal Ltd.
- In
addition, Yu was formerly deputy chairman & CEO of China LotSynergy
Holdings Ltd. (a publicly-listed co. in Growth Enterprise Market in Hong Kong
with stock code 8161) and executive director of Burwill Holdings Ltd. (a
publicly-listed co. on SEHK with stock code 24)
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
Chow Kin
Wa, director:
- Born
in 1966
- He
graduated from the University of Hong Kong with a Bachelor's degree of Science
in Mathematics and from the Hawaii Pacific University, USA with a Master's
degree of Science in Information System
- He has
over 10 years' experience in multinational steel trading & manufacturing
business
- Also
currently director of the following cos.:
~ Cafes Do Brasil Ltd.
~ Novo Investment Ltd.
~ Novostal Ltd.
- In
addition, Chow was formerly executive director & chief exchange management
officer of China LotSynergy Holdings Ltd. (a publicly-listed co. in Growth
Enterprise Market in Hong Kong with stock code 8161)
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
Despite
having exhausted all our effort, we are unable to obtain sufficient information
to assess SC's credit standing.
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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