MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GOLDEN WORLD ENTERPRISES LTD |
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Formerly Known As : |
MILLION CHASE ENTERPRISES LTD |
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Registered Office : |
Suite 6, 9FL Lippo Center - Tower Ii, 89 Queensway
Admiralty |
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Country : |
Hong Kong |
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Date of Incorporation : |
7 May, 1991 |
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 : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
name & address
GOLDEN WORLD ENTERPRISES LTD
SUITE 6, 9FL LIPPO CENTER - TOWER II
89 QUEENSWAY ADMIRALTY, HONG KONG.
TEL : N/A
FAX : N/A
Alert report
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its credit
standing.
*Company Name*
=============
Incorporated as :
MILLION CHASE ENTERPRISES LTD
Date of incorporation : 7 May,
1991
Changed name to : GOLDEN
WORLD ENTERPRISES LTD
Date of change : 5 September, 1991
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
2,000,000.00
Paid-up capital : HKD
1,000,000.00 divided into 1,000,000 ordinary shares.
*Company Registration*
==================
(1)
License number : 0308677
Date issued : 7 May,
1991
Issuing authority : Companies
Registry
Type of license : Corporate
Status :
De-registration
(2)
License number : 14889640-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Approved Signatures*
=================
The following Directors can sign on behalf of the company with seal
affixed:
- Hing-sie Lam
- Alvin Kwing-wai
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*
================
Total number of shareholders :
2
Total number of ordinary shares : 1,000,000
No. of Amount of
Shareholders' Name Ordinary Shares Shares (HKD) % of Shares
--------------------------
---------------------
-------------------
----------------
CLEVER TIME INVESTMENTS LTD 999,990 999,990.00 99.99
EVER WEALTHY INVESTMENTS LTD 10 10.00 0.01
*Directors' Details*
==============
(1)
Kam-chiu Cheng
HKID no :
D095519(2)
Address : 20Fl,
30 Tin Hau Temple Rd, Hong Kong
(2)
David Kwing-chan Lam
HKID no :
A895293(3)
Address :
Flat D, 12Fl Woodland Heights 2 Wong Nei Chung Rd, Hong Kong
(3)
Alvin Kwing-wai Lam
HKID no : A977091(A)
Address :
11Fl Golden Resources Centre 2-12 Cheung Tat Rd, Tsing Yi Island, New
Territories
(4)
Hing-sie Lam
HKID no :
A038428(6)
Address :
Flat C7 Alpine Court 12 12 Kotewall Rd, Hong Kong
(5)
Siu-hung Tsang
HKID no :
E571629(6)
Address :
Flat 403 Block A Oriental Garden 236-8 Prince Edward Rd, Kowloon
*Company Secretary*
=================
Chi-keung Leung
HKID no : G521518(7)
Address : 11Fl Golden Resources Centre 2-12 Cheung
Tat Rd, Tsing Yi Island, New Territories
SC declined to release its management background at present.
*Ceased Operations*
===============
Extensive investigations have been conducted to identify the status of
commercial operations of the company and the following were revealed:
1. The contact numbers provided in the inquiry (Tel no. 618 92782768 and
Fax no. 618 94636065) is a subscriber number in Australia. Please note that the
dialing code for Hong Kong is (852).
2. A checked was made at the Companies Registry and according to their
records the company has been dissolved since 26 August, 2007.
3. Additionally, attempts to identify other commercial points of reference
being used by the Subject Business Entity proved to be unsuccessful. These
include:
- Searches with the main
local Telecom supplier for telephone and/or fax lines.
- Checks with the local trade
and business associations.
- Correlation with addresses
held by Companies Registry, Hong Kong
The telephone number clients provided is
86-10-85893012/13911563053
When we dialed the number 86-10-85893012, a lady Ms. Anny Wang answered.
She confirmed that the mobile number 13911563053 belongs to her, and her
company is a branch office in Beijing. It is mainly engaged in trading, and its
major products is iron ore. However, she refused to release further detailed
information, and she also refused to uncover whether this branch was registered
in local AIC.
Requests were sent via fax, but we have not received any response.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
*Bank Details*
============
Bank Name : STANDARD BANK ASIA
LTD
Branch : Admiralty, Hong
Kong
Swift Code : JFCOHKHH
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the entity. Given the circumstances, caution is
advised related to dealings with persons claiming to represent such an entity.
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. |
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%)