MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNDIAL INT'L TRADING CO LTD |
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Registered Office : |
Flat A 15FL Hillier Commercial Bldg, 65-67 Bonham Strand
East Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
August 15, 2003 |
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Com. Reg. No.: |
0857535 |
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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
SUNDIAL INT'L TRADING CO LTD
FLAT A 15FL HILLIER COMMERCIAL BLDG
65-67 BONHAM STRAND EAST SHEUNG WAN, HONG KONG.
TEL: 852- 21518009
FAX: 852-35793155
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 15, 2003
REGISTRATION NO. :
0857535
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. WEN-LI ZHANG (PRESIDENT)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
NOT APPLICABLE
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 7.79936 = 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 : 0857535
Date issued : 15 August,
2003
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 33843029-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*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 shareholder : 1
Total number of shares :
10,000
Share class
: Ordinary
Shareholder's Name No. of
Shares Amount of Shares (HKD) % of Shares
------------------------
------------------
-----------------------------
----------------
Mr. Wen-li Zhang
10,000
10,000.00 100
Management: Mr. Wen-li Zhang, President
Name Nationality
Job Description
Mr. Wen-li Zhang Chinese President
*Key Personnel*
============
Mr. Wen-li Zhang
China ID no. :
211002197710182051
Address : Rm
3305-3306, 33Fl Fuliyinglong Plaza First Bldg Huangpu Dadao West Rd Tianhe Dist
Guangzhou Guangdong China
*Operations Status*
==============
Although the Subject Company is a legally registered 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" their license on behalf of the
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 mail to owners, attend to license renewals, corporate
levies and related issues.
The local firm employed to perform maintenance of this company is:
Company Name : DEEP TOP CONSULTANCY (HK) LTD
Address : Flat A 15Fl
Hillier Commercial Bldg 65-67 Bonham Strand East
Suburb : Sheung Wan
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:
DEEP TOP CONSULTANCY
(HK) LTD
Note: The given number could not be connected.
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains overseas factory in China with the following contact details:
Address: Court 67-71 Long Kou West Rd Guangzhou Guangdong
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, the Subject Company, which is an offshore corporation,
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%)