MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
BOOM SECURITIES (HK) LTD |
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Registered Office : |
Suite 802, 8FL Aia Tower 183 Electric Rd, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 21, 1997 |
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Com. Reg. No.: |
0600122 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the provision of international stock trading and online
trading services. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BOOM SECURITIES (HK) LTD
SUITE 802, 8FL AIA TOWER 183 ELECTRIC RD
NORTH POINT, HONG KONG
TEL: 852- 22558888
FAX: 852-22558300
EXECUTIVE SUMMARY
INCORPORATION DATE : MARCH
21, 1997
REGISTRATION NO. :
0600122
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ROBERT JAMES EU (CHAIRMAN)
STAFF STRENGTH :
33
CAPITAL :
US$ 10,243,278
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPATITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81570 = US$1 AS OF 2007-4-13
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company History*
================
8 August, 1997 - Became the first company in Hong Kong to
trade securities via the Internet.
19 February, 1998 - Became
the first broker / dealer registered with the Securities & Futures
Commission
of Hong Kong in Asia for
Internet trading.
20 May, 1998 -
Became the first Chinese-language Internet dealing service.
30 March, 1998 -
Became the first broker in Asia to launch Internet stock trading to retail
investors.
12 January, 1999 - Became the first stockbroker in Asia
accepted for 128-bit encryption.
22 January, 1999 -
Signed landmark deal with Reuters to offer free real-time market news.
1 May, 1999 -
Became the first Independent broker/dealer authorized in Hong Kong to
distribute
real-time quotes from
Stock Exchange of Hong Kong over the Internet
- Became the first Hong Kong broker to offer real-time quotes from Stock
Exchange of
Singapore on the
Internet.
June 1999 -
Became the first broker in Asia to distribute real-time & delayed data from
NASDAQ
(pending NASDAQ approval)
and distribute real-time & delayed data from
NYSE/AMEX
15 July, 1999 -
Became the first Hong Kong-based stockbroker to provide Mutual Fund investment
service over the
Internet.
August 1999 -
Became the first Asian broker to offer both Hong Kong and U.S. markets online.
6 September, 1999 -
Launched the Advanced Information Services (AIS), a new package of Financial
market data
1 December, 1999 -
Partnered with iMerchants to provide online payment facility for AIS.
December 1999 - First
portal to provide free quotes/graphs for nine markets.
February 2000 - Partnered
with SUNDAY to offer online mobile stocks trading to the public.
- Became the first independent broker to become a member of Central
Clearing and
Settlement System (CCASS)
17 April, 2000 -
Launched Asia's first telco-independent WAP-based global financial information
portal.
25 April, 2000 -
Launched Singapore Stock Trading via Internet.
8 May, 2000 - Became the first Asian-based
online stockbroker to provide 24 hours a day, 7 days a
week Customer Service.
22 May, 2000 -
Announced the strategic investment of AUSTRALIA & NEW ZEALAND BANKING
GROUP LTD (ANZ) in
BOOM.COM.
15 August, 2000 -
Launched online Australian stock trading service.
September 2000 -
Launched stock trading in Japan, Philippines, Indonesia and Thailand via
Internet.
6 September, 2000 -
BOOM.COM Personal Investment Center grand opening ceremony in Causeway Bay.
12 October, 2000 -
Announced the strategic investment of OVERSEA-CHINESE BANKING CORP (OCBC)
in BOOM.COM
4 December, 2000 - BOOM's
online Insurance Center was launched.
6 March, 2001 -
Became the only non-US broker to offer comprehensive insurance coverage
'Deposit
Investment Protection' in
the Asia/Pacific region
April 2001 -
Margin financing services was launched.
August 2001 -
Korea, Taiwan and China (B share) stock trading was launched.
19 September, 2001 -
Pan-Asian online trading platform was launched.
20 September, 2001 - BOOM
and HWL jointly launched Asia-first WAP stock trading services.
10 October, 2001 -
BOOM's online trading services was launched for retail banks and brokers.
1 August, 2002 - Offered
Hong Kong market pre-opening trading.
15 April, 2002 -
Margin financing services extended to US stocks.
21 October, 2002 -
Daily E-newsletter was launched.
27 September, 2002 -
Extensive Reuters news added to revamped news section.
20 November, 2002 -
Good-till-date Order for US markets was launched.
7 April, 2003 -
Partnered with MONEYLINE TELERATE in supplying website financial data.
30 March, 2004 - Stop
Loss Order for US markets was launched.
30 April, 2004 -
InfoExpress Service was launched.
12 May, 2004 -
Became the Hong Kong distributing partner of ALPHATRADE real-time streaming
quote product in US, the
E-Gate
28 June, 2004 -
Asia Research was launched.
30 July, 2004 -
Stop Loss Order for HK market was launched.
16 August, 2004 -
"Global ETF Center" was launched.
2 December, 2004 -
Multiple order entry, "Multi-Order" trading function was launched.
17 March, 2005 -
"US ADRs center" was launched.
30 March, 2005 -
"Due-to-Expired" auto email alert for warrant holders was launched.
11 April, 2005 -
Malaysia stock trading was launched.
13 April, 2005 -
Malaysia Research was launched.
1 August, 2005 -
Enhanced US charting to facilitate stock trend analysis.
19 December, 2005 -
If..Then.. trading function - "Chain Order" was launched.
16 March, 2006 -
Launched "Two-Way Sell Order" - Price up, take profit; Price down,
stop loss.
11 April, 2006 -
Launched "Online Withdraw" feature - clients simply pre-register
their bank
account(s) for online fund
withdrawal.
16 May, 2006 -
Launched "Online HK IPO Apply" service - submit HK IPO application
electronically.
17 July, 2006 -
Enhanced Margin Trading - stocks listed in HK, US, Japan, Australia and
Singapore
are now eligible for
margin financing.
5 August, 2006 -
Website revamped with freshly new look and more organized structure.
8 September, 2006 -
Launched "Market Order" for Hong Kong and US markets.
*Company Name*
=============
Incorporated as :
ALLTRACK LTD
Date of incorporation : 21
March, 1997
Changed name to : AEX
DIRECT LTD
Date of change : 21
May, 1997
Changed name to : BOOM SECURITIES
(HK) LTD
Date of change : 13
October, 1997
*Company Registration*
===================
(1)
License number : 0600122
Date issued : 21 March,
1997
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 20797538-001
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Licenses & Permits*
=================
CE No. : AEF808
Date issued : 19 February, 1998
Issuing authority : Securities and Futures Commission of the Hong Kong
Special Administrative Region
*Capital Details*
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Authorized capital : HKD 80,000,000.00 divided into 80,000,000 ordinary shares
at HKD 1.00/-each, fully paid.
*Office & Facilities*
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Other Contact Details
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Tel no. : 22558366
Fax no. : 22558282
*Awards*
========
(1)
Award : Asian
Innovation Awards Runner-up
Awarded by : Far Eastern
Economic Review
Date : October 1998
(2)
Award : Best of the Web
iV Mutual Funds
Awarded by : FORBES
Date : September
1999
(3)
Award : Business Web
Site of the Year Award (Financial Services Category)
Awarded by : UUNET and SCMP
Date : December 1999
(4)
Award : Web Marketing
Merits Award - SMEs Group
Awarded by : IDG WORLD EXPO
(ASIA) LTD
Date : March 2000
(5)
Award : Asia's Best Consumer
Internet Site Award
Awarded by : Internet World
Asia Industry Awards
Date : March 2000
(6)
Award : Design and
Innovation Awards of Hong Kong eAward
Awarded by : Hong Kong
Productivity Council
Date : April
2000
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Ms. Agatha Kit-mei Lo Lai can sign on behalf of the company with seal
affixed.
www.baby.boom.com.hk SC’s website is unable to be landed at present for
the technical reason.
E-mail: service@boomhq.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 2
Total number of shares
: 80,000,000
Shareholders' Name No. of Shares Amount of Shares (HKD)
% of Shares
---------------------------- ------------------ ---------------------------------- ----------------
AEX ENTERPRISES LTD
79,999,999
79,999,999.00 100.00
BOOM SOLUTIONS LTD 1 1.00 0.00
*Director's Details*
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(1)
Ms. Agatha Kit-mei Lo Lai
National ID no. :
G516602(A)
Address :
Flat 1H 28 Bisney Rd, Pok Fu Lam, Hong Kong
Email add :
agatha.lo@boomhq.com
(2)
Mr. Nelson Siu-wai Lui
National ID no. : K305836(0)
Address :
11Fl Yuet Wah Bldg 21 Yuet Wah St, Kwun Tong, Kowloon Hong Kong
Date of appointment : 27 October, 2006
*Company Secretary*
=================
Ms. Agatha Kit-mei Lo Lai
National ID no. :
G516602(A)
Address :
Flat 1H 28 Bisney Rd, Pok Fu Lam, Hong Kong
Email add :
agatha.lo@boomhq.com
Management: Mr. Robert James Eu, CEO
Name Nationality
Job Description
Mr. Robert James Eu Singaporean
CEO
*Key Personnel*
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Mr. Robert James Eu
Passport No. :
700846876
Address : 1356
Greenwich St, San Francisco, California, 94109 USA
Date of appointment : 1 September, 2003
*Main Products & Services*
======================
Engaged in the provision of international stock trading and online
trading services.
Stock markets available for trading through BOOM are the following :
- United States (NYSE, AMEX, Nasdaq)
- Australia (ASX)
- China (Shenzhen / Shanghai B shares only)
- Hong Kong (HKEX)
- Indonesia (JSX)
- Japan (TSE, OSE)
- Malaysia (KLSE)
- Singapore (SGX)
- South Korea (KSE)
- Philippines (PSE)
- Taiwan (TSE)
- Thailand (SET)
Products: Brokers
Multi-market stock
trading
On-line
trading
Real-time stock
quote
Securities
brokering
*Exhibition Participation*
===================
Exhibition fair : 2nd Annual
Internet World Asia @ Hong Kong 2000
Location : Hong Kong
Convention & Exhibition Centre
Date attended : 1-3 November, 2000
*Associations*
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Member of :
- Canadian Chamber of Commerce in Hong Kong
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : BOOM.COM LTD
Global Identifier : P0121491
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry : Professional Services
PAYMENT RATING : 3 OBTAINED SCORES : 58
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Implication |
Implications |
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1 |
Scores 85–100 |
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.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
*Bank Details*
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Bank name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Account no. : 511-788846-005
Swift code : HSBCHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with stable financial
conditions. Credit dealings with SC in moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 6200 Security
and Commodity Brokers
Service 6211 Security
Brokers/Flotation Cos
Service 6221 Commodity
Brokers/Dealers
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc repairs
Service 9966 List
brokers
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Service Stock broking
Service Stock trading
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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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%)