MIRA
INFORM REPORT
|
Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WSB HOLDINGS LTD. |
|
|
|
|
Registered Office : |
Rm 1201, 12/F, Dina House, Ruttongjee Centre,11 Duddell
St., Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
17-9-1999 |
|
|
|
|
Com. Reg. No.: |
688625 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
-- |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
name & address
WSB HOLDINGS LTD.
RM 1201, 12/F, DINA HOUSE, RUTTONGJEE CENTRE,11 DUDDELL ST.,
CENTRAL,
HONG KONG.(MOST LIKELY ADDRESS)
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.
688625 on 17-9-1999.
Details of its incorporation information are shown to be as
follows:
Authorized capital :$10,000
divided into 10,000 shares @ $1.-
Paid-up capital :$10,000
Shareholders/subscribers (as at 17-9-2006)
Name(s), ID/passport number, nationality & registered
address No. of Shares
- *Connor II William E. / P182670(4) / NA 9,999
/ House No. 2, 72 Deep Water Bay Road, HK.
- Bowman Top Ltd. 1
/ Same as heading business address
---------
10,000
=====
Directors(as at 17-9-2006)
Name(s), ID/passport number & nationality Registered address
*Also director
- Mills William Henry House No. 8, Villa Sandoz
Silverstrand,
Frederick / K051143(9) / NA Clearwater
Bay, N.T., HK.
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 records 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.
Mills William Henry Frederick, director.
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
Connor II William E., director.Also holding directorship
of:- Connor International Limited- Omega Compliance Limited- William E. Connor
& Associates Limited- Precision Publishing Limited
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
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
following co. name(s) were seen on display:
- Lew & Barr Services Ltd.
The gross area of the premises is estimated at 10,000 square
feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises is occupied as office by Lew & Barr Services
Ltd. 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.
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.
Despite having exhausted all our effort, we are unable to
obtain sufficient information to assess SC's credit standing.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)