MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
OVERSEAS INC CO LTD |
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Registered Office : |
Rm 803A 8FL Far East Consortium Bldg 121 Des Voeux Rd
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 3, 2007 |
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Com. Reg. No.: |
1099254 |
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Legal Form : |
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Line of Business : |
Engaged in corporate secretarial management services. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
OVERSEAS INC CO LTD
RM 803A 8FL FAR EAST CONSORTIUM BLDG 121 DES VOEUX RD CENTRAL,
HONG KONG
TEL: 852 21370001
FAX: 852 21370008
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 3, 2007
REGISTRATION NO. :
1099254
CHIEF EXECUTIVE :
MR. DHARMESH PRAVINBHAI SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,280
BUSINESS LINE :
N/A
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
N/A
RECOMM. CREDIT RANGE :
NO RECOMMENDATION
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHNAGE RATE :
HKD 7.81166 = US$1 AS OF 2007-4-19
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 Registration*
===================
License number : 1099254
Date issued : 3 January, 2007
Issuing authority : Companies
Registry
Legal form : Private Company Limited by Shares
Type of license : Corporate
License number : 37507825-000
Date issued : N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 shares at HKD
1.00/-each, fully paid
*Office & Facilities*
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Other tel no. : 21218271
*Reputation*
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Due to the fact that the subject company :
(i) Does not maintain an
operational office in Hong Kong; and
(ii) There is no knowledge or public record of overseas business
activities
it has not been possible to ascertain the reputation of the company.
*Approved Signatures*
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Only Mr. Dharmesh Pravinbhai Shah can sign on behalf of the company with
seal affixed.
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 shareholder : 1
Total number of shares :
10,000
Shareholder's Name
No. of Shares Amount of Shares
(HKD) % of Shares
-------------------------- ------------------ ---------------------------------- ----------------
Dharmesh Pravinbhai Shah
10,000
10,000.00 100
*Director's Details*
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Dharmesh Pravinbhai Shah
ID/Passport no. :
F5058658
Address :
C-13-204 North Gate Xiang Sheng Xin Shi Ji Ji Yang Jie Dao Zhuji Shaoxing
Zhejiang
China
Qualification : Merchant
Date of appointment : 03
January, 2007
*Company Secretary*
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UNI-TECH BUSINESS CONSULTANTS CO LTD
Address : Rm
803A, 8Fl Far East Consortium Bldg 121 Des Voeux Rd Central Hong Kong
CR no. : 725471
Date of appointment : 3 January, 2007
*Operation Status*
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Although the Subject Company is a legally registered entity, it does not
maintain an operational office, nor any employees in this country, but rather
employs the services of a local firm engaged in corporate secretarial
management services to "maintain" their license on behalf of the
owners who are located overseas.
The management services usually involves registering the office address
as the same one used by the firm employed to "maintain" the license,
as well as receive any mail address to the company, forward mail to owners, attend to license renewals,
corporate levies and related issues.
Company name : UNI-TECH BUSINESS CONSULTANTS CO LTD
Address : Rm 803A,
8Fl Far East Consortium Bldg 121 Des Voeux Rd
Suburb : Central
City : Hong
Kong
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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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.
*Bank Details*
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Bank name : CHINA
MERCHANTS BANK
Branch : Shaoxing Branch
International Dept. 60M Shengli East Road Shaoxing China
Account number : OSA0884015132001
Judging from the above investigation results, no credit recommendation
can be considered to SC.
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 SCs 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%)