MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PREMIUM TOBACCO ASIA LTD |
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Registered Office : |
Suite 1402 Chekiang First Bank Centre, 1 Duddell St |
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Country : |
Hong Kong |
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Date of Incorporation : |
September 20, 2004 |
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Com. Reg. No.: |
0923667 |
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Legal Form : |
Offshore Company - Private Limited |
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 & address
PREMIUM TOBACCO ASIA LTD
SUITE 1402 CHEKIANG FIRST BANK CENTRE
1 DUDDELL ST, HONG KONG.
TEL : 852-23763611
FAX : 852-27365115
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 20, 2004
REGISTRATION NO. :
0923667
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,925,546
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE : NO
RECOMMENDATION.
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.75846 = 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*
==================
(1)
License number : 0923667
Date issued : 20
September, 2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34955564-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
15,000,000.00
Paid-up capital : HKD
5,500,000.00 divided into 5,500,000 ordinary shares
*Charges*
=========
Type of Charge
: Mortgages and Charges
Secured Instrument :
All Moneys, Receivables and Insurances
Amount Secured by charge : HKD
80,000.00
*Reputation*
==========
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.
*Approved Signatures*
==================
PRIMA SECRETARIES LTD 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 two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 3
Total number of ordinary shares : 5,500,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- --------------------------------- ----------------
PREMIUM TOBACCO HOLDINGS LTD 2,805,000 2,805,000.00 51.00
BOXER TOBACCO CO LTD 1,650,000 1,650,000.00 30.00
M L AGRO PRODUCTS LTD 1,045,000 1,045,000.00 19.00
*Directors' Details*
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(1)
Derek Mario Banks
Passport No. : 093149679
Address : 17 Old Barn
Lane Croxley Green, Rickmansworth, Hertfordshire, WD33HU United Kingdom
(2)
Venkateswara Rao Maddi
Passport No. : F9077866
Address : PO Box 18,
Guntur, Andhara Pradesh, 522616 India
(3)
Glyn John Morgan
Passport No. : 093212806
Address : 5 Shrublands
Drive, Lightwater, GU185QS United Kingdom
SC declined to release its management background at present.
*Operations Status*
==============
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 : PRIMA SECRETARIES LTD
Address : Suite 1402
Chekiang First Bank Centre 1 Duddell St
Suburb : Central
City : Hong
Kong
*OPERATIONAL STATUS*
=====================
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 / Business Center services. Based on telephone
discussions with the management of the Corporate Secretarial / Business Center firm,
it manages the annual legal corporate license renewals and related matters on
behalf of the Subject Business Entity. There is no known operational office for
the Subject Business Entity in the country listed above.
The name of the Corporate Secretarial / Business Center firm is:
PRIMA SECRETARIES LTD
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 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.
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.
Based on
the investigations performed, it has not been possible to prepare a normal credit
report on the company. 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%)