MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TRIUMPH TRADER LTD |
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Registered Office : |
7fl Man On Commercial Bldg 12-13 Jubilee St , Central, |
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Country : |
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Date of Incorporation : |
06.08.2003 |
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Com. Reg. No.: |
0856375 |
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Legal Form : |
Private |
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 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
TRIUMPH TRADER LTD
7FL MAN ON COMMERCIAL BLDG 12-13 JUBILEE ST , CENTRAL,
TEL : [+852] 28508826
FAX : [+852] 28508830
EXECUTIVE SUMMARY
INCORPORATION DATE :
06-08-2003
REGISTRATION NO. :
0856375
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL : HKD
10,000.00 DIVIDED INTO 10,000 ORDINARY SHARES AT HKD 1.00/-
EACH, FULLY
PAID
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81158= US$1 AS OF 2007-3-1
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*
===================
(1)License number : 0856375
Date issued
: 6 August, 2003
Issuing authority : Companies Registry
Type of license : Corporate
(2)License number : 33895288
Issuing authority : Business Registration Office -
Inland Revenue Department
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, fully paid
*Company Secretary*
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(1)CR no. : 826247
Address
: Rm 1001-4A 10Fl
Champion Bldg
Date of appointment :
6 August, 2003
(2)TAXBASE CONSULTANTS LTD
CR no. : 411324
Address
: Rm 615, 6Fl
Date of appointment : 5 August, 2005
*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*
====================
Only Mr. Biren Ashokkumar 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 4 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 3
Total number of ordinary shares : 10,000
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
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Biren Ashokkumar Shah 5,100 5,100.00 51.00
Samir Arvindlal Shah
2,500
2,500.00
25.00
Harmish Bharatkumar Shah 2,400 2,400.00 24.00
Share Transfer
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Date Transferor Transferee No. of Shares
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21 October, 2004
Harmish Bharatkumar Shah Samir
Arvindlal Shah 2,500
*Directors' Details*
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(1)Biren Ashokkumar Shah
Passport no. :
Z1110662
Address : 4Fl
(2)Harmish Bharatkumar Shah
Passport no. :
E5934451
Address : 2/22 New Modi Bhavan
400007
(3)Mr. Samir Arvindlal Shah
Passport no. :
Z1537151
Address : 102 Samarth Sarthi Apt Athwalines Surat
Gujarat 895001
*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.
The local firm previously employed to perform maintenance of
this company is:
Company Name : DHUN'S MANAGEMENT SERVICES LTD
Address :
7Fl Man On Commercial Bldg 12-13 Jubilee St
Suburb
: Central
City
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Note : DHUN'S MANAGEMENT SERVICES LTD confirmed that the
subject company was once their client.
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.
Dealings on open terms may be possible for NO RECOMMENDATION
amounts depending on individual judgement experience.
Under
BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN
POSSIBLE TO PREPARE A
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%)