MIRA
INFORM REPORT
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Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GROUP INVESTMENT LTD |
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Registered Office : |
3705 Bank Of America Tower 12 Harcourt Rd, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 1, 2007 |
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Com. Reg. No.: |
1106555 |
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Legal Form : |
RATING &
COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
GROUP INVESTMENT LTD
3705 BANK OF AMERICA TOWER 12 HARCOURT RD
CENTRAL HONG KONG
TEL : 852 21159878
FAX : 852 21159818
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 1, 2007
REGISTRATION NO. :
1106555
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
N/A
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
N/A
RECOMM. CREDIT RANGE :
C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.75358 = US$1
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
*Company Registration*
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License number : 1106555
Date issued : 1
February, 2007
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 37642853-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Nominal capital : HKD 10,000 divided into 10,000 ordinary shares of HKD
1.00/-each
*Reputation*
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Due to the fact that the subject company :
(i) Does not maintain an
operational office in Hong Kong; and
(ii) There is no knowledge or public record of overseas business
activities
It has not been possible to ascertain the reputation of the company.
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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Shareholder's Name
No. of Shares
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GNL07 LTD 1
Note : The above-mentioned company acts as shareholder in behalf of the
foreign owners.
*Company Secretary*
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BERKLEY SECRETARIES LTD
CR number : 893681
Address : 3705 Bank Of America Tower 12 Harcourt Rd Central Hong
Kong
*Company Directors*
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Based on corporate filing regulations for
this type of entity in Hong Kong, there is either, no requirement for
Shareholders or no requirement for public disclosure of Shareholders.
*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 : CORPORATE MANAGEMENT SERVICES LTD
Address : 3705 Bank
Of America Tower 12 Harcourt Rd
Suburb : Central
City : Hong
Kong
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR 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 Hong Kong corporate law, the Subject Company is exempt from the
provisions of the Income Tax Act and therefore not obliged to disclose their financial
statements.
SC is established recently in 2007. Great caution is
required in providing credit to SC and COD is recommended.
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 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%)