MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
UP-GRADE INTERNATIONAL DEVELOPMENT LTD. |
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Registered Office : |
Flat A, 6/F, Sun House, 181 Des Voeux Road
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
2.02.1998 |
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Legal Form : |
Private Limited Company |
RATING &
COMMENTS
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MIRA’s 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 and address of
the company
UP-GRADE
INTERNATIONAL DEVELOPMENT LTD.
FLAT A, 6/F, SUN HOUSE,
181 DES VOEUX ROAD CENTRAL, HONG KONG.
TEL: NOT REGISTERED FAX: NOT REGISTERED
Narrative 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.
SC is a private limited co. incorporated under co. file no. 635441 on
2-2-1998.
Details of its incorporation information are shown to be as follows:
Authorized capital: HK$10,000 divided into 10,000 shares @ HK$1.-
Paid-up capital: HK$10,000
Shareholders/subscribers (as at 2-2-2007)
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Lai Shu Wa / C536614(1) / Chinese 9,999
/ Flat G, 35/F, Blk 9, Lynwood Court, 3 Tin Kwai Road,
Kingswood Villas, Tin Shui Wai, N.T., HK.
- *Lau Pui Han / C369358(7) / Chinese 1
/ Flat F, 14/F, Blk 3, Robinson Height, 8 Robinson Road, HK. --------
10,000
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Directors(as at 2-2-2007)
Name(s), ID/passport number & nationality Registered address
* Also directors
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil
litigation/winding-up petitions : None in our
database.
Mortgage/charge
record(s) : None filed since
its incorporation date.
Lau Pui Han, director:
Credit history check: This refers to a check of our database whether the
said person has been involved in any of the following records stored by us
within the last 6 years:
Civil litigation as defendants : None
in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Lai Shu Wa, director :
Registered residential address: As stated in "Registration
Information"
Property ownership: Current land search indicates that the said premises
ownership as follows:
- Owner(s): Lai Shu Wa & Lau Pui Han
- Date of purchase & consideration: 14-3-1997 / HK$2.99M
- Date of mortgage & secured amount: 14-3-1997 / ANS
14-3-1997 / ANS- Mortgagee: Nanyang Commercial Bank Ltd.
Credit history check:
This refers to a check of our database whether the said person has been
involved in any of the following records stored by us within the last 6 years:
Civil litigation as
defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
Visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a commercial premise outside of which SC's name was not
seen on display, and the following co. name(s) were seen:
- Eastern Bright Shipping Agency Ltd.
The gross area of the premises is estimated at 800 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
A female who identified herself as SC's staff member was contacted
there. She advised that only SC's principal(s) could handle outside parties'
business enquiries on SC. SC's principal(s) were not in office by that time.
She had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s). However, we have not yet received any
reply.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
Our search indicates that the tel. no. of Eastern Bright Shipping Agency
Ltd. (occupant of the premises) is 852-25424611. Through the said tel. no., we
managed to contact Ms. Lau who identified herself as a person-in-charge of the
said co.. However, she refused releasing any information on SC as the identity
of the inquiring party is not known.
In view of SC's style of operations and insufficient information, we
have no base to formulate our credit opinion on SC.
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%)