MIRA
INFORM REPORT
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Report Date : |
09.08.2007 |
IDENTIFICATION DETAILS
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Name : |
PARK HELLAS INT'L LTD |
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Registered Office : |
Rm 301-2, 3FL Hang Seng Bank Wanchai Bldg, |
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Country : |
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Date of Incorporation : |
July 12, 2007 |
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Com. Reg. No.: |
1149040 |
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Legal Form : |
Offshore Company - Private Limited |
RATING & COMMENTS
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MIRAs 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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
addrss
PARK HELLAS INT'L LTD
RM 301-2, 3FL HANG SENG BANK WANCHAI BLDG
TEL : 852-28610885
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 12, 2007
REGISTRATION NO. :
1149040
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. MIN-XIANG ZHU (CHAIRMAN)
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.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.82980 = US$1 AS OF 2007-8-8
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 : 1149040
Date issued : 12 July,
2007
Issuing authority : Companies
Registry
Type of license : Corporate
registration
Legal form : Offshore
Company - Private Limited
(2)
License number : 38161927-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
registration
*Capital Details*
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Authorized capital : HKD 10,000
divided into 10,000 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.
*Registrar*
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HENRY LAW & CO LTD
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
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Min-xiang Zhu
10,000
10,000.00
100.00
*Corporate Secretary*
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HENDA SECRETARIES & NOMINEES LTD
C. R. no : 688215
Address : Rm 301-2 Hang Seng Bank Wanchai Bldg
*Key Personnel*
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Min-xiang Zhu
Occupation :
Merchant
Tel no :
159-24168728
Address : Rm 301-2, 3Fl Hang Seng Bank Wanchai Bldg
Responsibility :
Handles the overall management of the company.
Date of appointment : 12 July,
2007
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 /
HENDA SECRETARIES & NOMINEES LTD
*Operations Status*
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Although the company is a legally registered business 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" company licenses on behalf of
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 any mail to the
owners, attend to license renewals, corporate levies and related issues.
The local firm employed to perform maintenance for this company is:
Company Name : HENDA SECRETARIES & NOMINEES LTD
Address : Rm 301-2
3Fl Hang Seng Bank Wanchai Bldg
Suburb : Wanchai
City :
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 6 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
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.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2800 Chemicals
and Allied Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3800 Miscellaneous
chemical products
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
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%)