MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
VAMASTAR (HK) LTD |
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Registered Office : |
7FL Man On Commercial Bldg, 12-13 Jubilee St Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
April 25, 2006 |
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Com. Reg. No.: |
1040440 |
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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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
VAMASTAR (HK) LTD
7FL MAN ON COMMERCIAL BLDG
12-13 JUBILEE ST CENTRAL, HONG KONG.
TEL : 852-28508826
FAX : 852-28508830
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 25, 2006
REGISTRATION NO. :
1040440
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. KALPESH RAJNIKANT SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 128,370
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 7.79936 = 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 : 1040440
Date issued : 25 April,
2006
Issuing authority : Companies
Registry
Legal form : Private
Limited Company
(2)
License number : 36682202
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Capital Details*
=============
Share value : HKD
1.00/-each
Nominal capital : HKD
1,000,000.00
Paid-up capital : HKD 1.00
divided into 1 ordinary share
*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 Shareholder*
===============
Total number of shareholder
: 1
Total number of ordinary share
: 1
Shareholder's Name No.
of Ordinary Share Amount of Share
(HKD) % of Shares
------------------------
----------------------------
------------------------------
----------------
Kalpesh Rajnikant Shah
1
1.00 100.00
*Director's Details*
==============
Mayurkumar Rohitbhai Mehta
India passport no. : F3997919
Address : 15
Mahavir Jain Society Ambikanagar Idgah Rd Palanpur Banaskantha Gujarat
India
*Key Personnel*
============
Kalpesh Rajnikant Shah
India passport no. : Z-1115190
Responsibility : Handles
the overall management of the company.
Address : 801
Earth Apartments Parshwarnath Complex Kailash Nagar Surat Gujarat India
*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:
DHUN'S MANAGEMENT
SERVICES LTD
*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 : DHUN'S MANAGEMENT SERVICES LTD
Address : 7Fl Man On
Commercial Bldg 12-13 Jubilee St
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 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%)