MIRA
INFORM REPORT
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Report Date : |
01.08.2007 |
IDENTIFICATION DETAILS
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Name : |
FIVE LINE INT'L SHIPPING CO LTD |
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Registered Office : |
Unit 710 Alexandra Industrial Bldg - Block B, 1064-1066 Tung Chau West
St Lai Chi Kok Kowloon |
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Country : |
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Date of Incorporation : |
08.11.2005 |
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Com. Reg. No.: |
1006406 |
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Legal Form : |
Private Limited Company |
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 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
FIVE LINE INT'L SHIPPING CO LTD
UNIT 710 ALEXANDRA INDUSTRIAL BLDG - BLOCK B
TEL:852-27442685
FAX:852-35448091
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 8, 2005
REGISTRATION NO. :
1006406
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD7.82333 = US$1 AS OF 2007-7-31
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 : 1006406
Date issued : 8 November, 2005
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Private Company Having a Share
Capital
License number : 38180058-000
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 ordinary shares at HKD 1.00/-each
*Reputation*
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Due to the fact that the subject company :
(i) Does not maintain an
operational office in
(ii) There is no knowledge or public record of overseas business
activities
It has not been possible to ascertain the reputation of the company.
E-mail: rahulmodi@fltc.com.cn
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 ordinary shares :
10,000
Shareholder's Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
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-----------------------------------
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Mr. Rahul Arun Mody 10,000
10,000.00
100.00
Share transfer :
Transferor
Transferee
No of Shares Transferred Date
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---------------------------------- --------
TOPWORLD REGISTRATIONS LTD Mr. Rahul Arun Mody 1 8 August,
2005
*Director's Details*
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Mr. Rahul Arun Mody
Address :
Date of appointment : 8
November, 2006
SC declined to release its management background details at present.
The Subject Business Entity does NOT maintain an operational office at the
address listed above. The office located at the address above (including
telephone and fax numbers) is operated and managed by a firm specializing in
Corporate Secretarial /
The name of the Corporate Secretarial /
GEE KAY SYSTEMS &
ACCOUNTING LTD
*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 : GEE KAY
SYSTEMS & ACCOUNTING LTD
Address : Unit 710 Alexandra Industrial Bldg -
Block B 1064-1066 Tung Chau West St
Suburb : Lai Chi Kok
City :
SC is not known to have any subsidiary at present.
PAYMENT RATING : 6 OBTAINED SCORES : No Data
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Rating Key |
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.
Under
*BANK DETAILS*
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Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Global Identifier : 30401640
Branch :
Central,
Branch Address : Basement
Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code :
HSBCHKHH
Although the Subject Business Entity is legally registered, it is
currently only a "shelf company" and maintains no known business
activity. Great caution is required in providing credit to SC & COD is
recommended.
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%)