MIRA INFORM REPORT

 

 

Report Date :

08.08.2007

 

IDENTIFICATION DETAILS

 

Name :

ART MAX INT'L LTD

 

 

Registered Office :

RM 2201 The Metropolis - Tower 2 Inland Lot 11077, Hunghom Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.01.2006

 

 

Com. Reg. No.:

1016861

 

 

Legal Form :

Private Company With Limited Liability

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


COMPANY NAME & ADDRESS

                                                             

ART MAX INT'L LTD

RM 2201 THE METROPOLIS - TOWER 2 INLAND LOT 11077

HUNGHOM KOWLOON, HONG KONG

TEL: N/A          

FAX: N/A

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE                        : JANUARY 3, 2006

REGISTRATION NO.                              : 1016861

LEGAL FORM                                       : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE                                : MR. TIN-CHO TSUI

STAFF STRENGTH                                : N/A

CAPITAL                                               : US$ 1,279

BUSINESS LINE                                    : N/A

TURNOVER                                          : N/A (AS OF DEC. 31, 2006)

EQUITIES                                             : N/A (AS OF DEC. 31, 2006)

PAYMENT                                            : N/A

RECOMM. CREDIT RANGE                   : COD

MARKET CONDITION                            : FAIR

FINANCIAL CONDITION                         : N/A

OPERATIONAL TREND              : N/A

GENERAL REPUTATION                       : N/A

EXCHNAGE RATE                                 : HKD 7. 8288 = US$1 AS OF 2007-8-7

 

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

 

 

 

 


Rounded Rectangle: HISTORY 

 

 

 

 


*Company Registration*

===================

License number             : 1016861

Date issued                   : 3 January, 2006

Issuing authority            : Companies Registry

Type of license              : Corporate

 

License number             : 36481579-000

Date issued                   : N/A

Issuing authority            : Business Registration Office - Inland Revenue Dept

Type of license              : Business 

 

*Capital Details*

=============

Share value                   : HKD 1.00/-each

Authorized capital          : HKD 10,000.00

Paid-up capital               : HKD 1.00 divided into 1 ordinary share

 

Rounded Rectangle: WEB SITE 

 

 

 


SC is not known to host website of its own at present.

 

 

Rounded Rectangle: LITIGATION 

 

 


For the past two years there is no record of litigation.

 

 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 


*Major Shareholders*

=================

Total number of shareholder      : 1

Total number of ordinary share    : 1

 

Shareholder's Name             No. of Ordinary Share       Amount of Shares (HKD)        % of Shares

Mr. Tin-cho Tsui                                     1                                  1.00                                100.00

 

Note: On 28 February, 2006, all share of GNL06 LTD was transferred to Mr. Tin-cho Tsui.

 

*Director's Details*

================

Mr. Tin-cho Tsui

Address                        : Rm 2201 The Metropolis Inland Lot 11077 Hunghom Kowloon Hong Kong

China ID card no.           : 310107195112135037

 

*Company Secretary*

=================

LOUIS LAI COMPANY SECRETARIAL SERVICES LTD

CR no.              : 686503

Address            : 9Fl Surson Commercial Bldg 140-142 Austin Rd Tsimshatsui Kowloon Hong Kong 

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


*Operations Status*

================

No telephone listing could be found for the company. It is therefore not possible to contact the company directly to obtain further information. The nature and extent of the company's operations could not be determined and it could not be confirmed whether the company operates from the Registered Office address or in another location.

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


SC is not known to have any subsidiary at present.

 

 

Rounded Rectangle: PAYMENT 

 

 

 


PAYMENT RATING        :NR              OBTAINED SCORES          : No Data

Rating Key

Implication

Implications

1

Scores 85–100

Excellent

2

Scores 75 – 84

Above Average

3

Scores 50 – 74

Average

4

Scores 35 – 49

Fair

5

Scores 15 – 34

Below Average

6

Scores 01 – 14

Poor

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.

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS 

 

 


As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

 

 

Rounded Rectangle: REMARKS 

 

 


Based on the investigations performed, it has not been possible to prepare a normal credit report on the company.   Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity.

 

 

 

 


 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions