MIRA
INFORM REPORT
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Report Date : |
21.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHINA TIANYU CHEMICAL CO. LTD. |
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Registered Office : |
Suite 708, 7/F, Chinachem Golden Plaza, 77 Mody Road,
Tsimshatsui East, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
29-11-2002 |
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Com. Reg. No.: |
823803 |
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Legal Form : |
Private Limited Company |
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RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
name & address
CHINA TIANYU CHEMICAL CO. LTD.
SUITE 708, 7/F, CHINACHEM GOLDEN PLAZA, 77 MODY ROAD,
TSIMSHATSUI EAST, KOWLOON, 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. 823803 on
29-11-2002.
Details of its incorporation information are shown to be as follows:
Authorized capital: HK$10,000 divided into 10,000 shares @ HK$1.-
Paid-up capital: HK$10,000
Shareholders/subscribers (as at 29-11-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Wang Li Gang / NA / Chinese 8,000
/ No.52-6-31, Xi Da Jie, Cha Qiao Town, Xi Shan City,
Jiangsu Province, PR China.
- *Wang Ren Lin / NA / Chinese 2,000
/ Jiang Zhuang Village, Yang Xi County, Yi Xing City, --------
Jiangsu Province, PR China. 10,000
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Directors(as at 29-11-2006)
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) : None filed since its incorporation date.
Wang Li Gang, director: He is a
Chinese mainlander.
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
Wang Ren Lin, director: He is a
Chinese mainlander.
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.
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:
- Jetwell Consultants Ltd.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises is occupied as office by Jetwell Consultants Ltd. which is
a service co. specialized in providing company secretarial, clerical and
correspondence services for its corporate clients.
Our reporter then contacted a female staff member of the said co.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
She advised that only SC's principals could handle outside parties'
business enquiries on SC and declined forwarding any information of SC as the
identity of the inquiring party is not known.
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.
Our inquiry revealed that the contact information of Jetwell Consultants
Ltd. is as follows:
- Tel: 852-29578832
- Fax: 852-29578618
Through a call made to the captioned tel. no., we managed to contact a
female staff member of the said co. She claimed the heading address is the
correspondence address of SC in HK but she refused disclosing any further
details of SC unless the identity of the inquiring party is disclosed.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)