MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHINE GLOBAL LTD |
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Registered Office : |
Unit S 1FL Mau Lam Commercial Bldg |
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Country : |
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Date of Incorporation : |
November.3, 2004 |
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Com. Reg. No.: |
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Legal Form : |
RATING &
COMMENTS
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MIRAs Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
name & address
SHINE GLOBAL LTD
UNIT S 1FL MAU LAM COMMERCIAL BLDG 16-18 MAU LAM ST
TEL : [+852] 23120148
FAX : [+852] 23756513
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER.3, 2004
CHIEF EXECUTIVE :
MR. KUMAR AGARWAL SHRAWAN (COMPANY DIRECTOR)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 255,754
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.82873 = USD1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
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(1)
License number :
0931654
Date issued
: 3 November, 2004
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
35101976
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 2,000,000.00 divided into 2,000,000
ordinary shares of HKD 1.00/-each, fully paid
*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.
*Approved Signatures*
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Only BUTTAR HK LTD can sign on behalf of the company with seal
affixed.
*Corporate Secretary*
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BUTTAR HK LTD
C.R. number : 975326
Address :
1Fl Mau Lam Commercial Bldg
SC
is not known to host website of its own at present
For the past 3 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of ordinary shares : 2,000,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- --------------------------------- ----------------
PROMISING EXPORTS LTD 2,000,000 2,000,000.00 100.00
*Director's Details*
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Kumar Agarwal Shrawan
Passport number :
Z021560
Address
:
Bengal, 700048
*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 : BUTTAR HK LTD
Address
: Unit P 1Fl Mau Lam Commercial Bldg
Suburb
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City
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SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
Under
Based on our investigations, SC does not maintain an operational office
or any employees in
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%)