MIRA
INFORM REPORT
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Report Date : |
24.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PARAMOUNT SHANGHAI LTD |
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Registered Office : |
Rm 1609-12, 16FL, 173 Des Voeux Rd, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
May 19, 2004 |
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Com. Reg. No.: |
0902154 |
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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
PARAMOUNT SHANGHAI LTD
RM 1609-12, 16FL, 173 DES VOEUX RD
CENTRAL, HONG KONG.
TEL : 852-28151511
FAX : 852-25412301
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
19, 2004
REGISTRATION NO. :
0902154
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
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 7.80290 = 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 : 0902154
Date issued : 19 May,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34626395
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
===============
Note: The address, telephone and fax numbers provided in the inquiry
relates to PARAMOUNT EMBROIDERY MFG LTD. Hence, the above address reflected on
our report was confirmed to be its current registered address.
*Capital Details*
============
Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*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.
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
: 10,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
------------------------- ---------------------------- -------------------------------- ----------------
Deepak Hotchand Daryanani 5,000 5,000.00 50.00
Vinisha Deepak Daryanani 5,000 5,000.00 50.00
*Director's Details*
==============
(1)
Ms. Vinisha Deepak Daryanani
National ID number : K105744(8)
Passport number :
S7275774(B)
Address : Flat 6B Longbai Hotel - Tower 1,
2461 Hongqiao Lu Shanghai 200335 China
(2)
Mr. Hotchand Deepak Daryanani
Passport number : S1837657A
Addresses : -
1802, 6, Lane 8 Hong Gu Lu Hong JIn Jia Yuen Shanghai 200336 China
- Flat 6B Longbai
Hotel - Tower 1, 2461 Hongqiao Lu Shanghai 200335 China
*Company Secretary*
=================
T & T SECRETARIAL LTD
CR number : 150217
Address : Rm 1609, 16Fl, 173
Des Voeux Rd Cenrtal Hong Kong
SC declined to release its management background at present.
*Operation 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 : T & T SECRETARIAL LTD
Address : Rm 1609-12
Nan Fung Tower 173 Des Voeux Rd
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:
T & T SECRETARIAL
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, which is an offshore
entity, 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%)