MIRA
INFORM REPORT
|
Report Date : |
1st
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
PURE COTTON LTD. |
|
|
|
|
Registered Office : |
Suite B, 5/F, Two Chinachem Plaza, 68 Connaught Road Central,
Hong Kong. |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
16.07.2004 |
|
|
|
|
Com. Reg. No.: |
912174 |
|
|
|
|
Legal Form : |
Private
Limited Company |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
PURE COTTON LTD.
SUITE B, 5/F, TWO CHINACHEM PLAZA, 68 CONNAUGHT ROAD CENTRAL, HONG
KONG. (AS REGISTERED)
TEL : NOT REGISTERED
FAX : NOT REGISTERED
Narrative report
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information
obtained is insufficient for compiling a standard report.
l
The
enquired co has been out of business or its business address has been
untraceable.
It
should be noted that the time and manpower spent on preparing such type of
report might be greater than those on a standard report. On many occasions, the
information in this type of report still indicates the current status of the
enquired co. and serves as a useful reference to assess its credit standing.
SC is a
private limited co. incorporated under co. file no. 912174 on 16-7-2004.
Details
of its incorporation information are shown to be as follows:
Authorized
capital :HKD10,000 divided into 10,000 shares @ HKD1.-
Paid-up
capital :HKD1,000
Shareholders/subscribers
(as at 16-7-2006)
Name(s),
ID/passport number, nationality & registered address
No. of Shares
- *Duo
Natalino / 863868U / Italian 999
/ Strada
Castello di Mirafiori, 14 10135 Torino, Italy.
- Global
Law Services Ltd. 1
/ Same
as heading address -------
1,000
====
Directors(as
at 16-7-2006)
Name(s),
ID/passport number & nationality Registered
address
*Also
director
The
above information is based on SC's registration documents filed in Companies
Registry within the last 2 years.
Change
in shares holding:
|
Date |
Transferor(s) |
Transferee(s) |
No. of shares transferred |
|
4-8-2004 |
Cayman
HK Nominees Ltd |
Global
Law Services Ltd. |
1 |
This
section will contain the civil litigations & winding-up petitions filed
against SC for the last 6 years (as stored in our database), and the
mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of
such mortgage/charges by an unlimited co is not required to be registered in
the public records.
Civil
litigation/winding-up petitions : None
in our database.
Mortgage/charge
record(s) : None filed since its
incorporation date.
Duo
Natalino, director:
- He is
by Italian nationality
- Also
currently director of Crescendo Group Ltd.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of the
following records stored by us within the last 6 years:
Civil litigation as defendants : None
in our database
Bankruptcy/winding-up petitions : None
in our database
Delinquent payment records : None
in our database
Debt collection records : No
overdue amount owed by the said person was placed
to
us for collection
Detailed
information regarding its activities is not available.
SC is
not known to have any subsidiary at present.
On
31-1-2007, a visit to the premises at the heading business address by our field
reporter revealed the following:
The
address is a commercial premises outside of which the following co. name was
seen on display:
- Global
Law Services Ltd.
The
gross area of the premises is estimated at 1,500 square feet.
Condition
inside the premises during our visit: Normal
Office/factory
outlay: Standard
The
premises is occupied as office by Global Law Services Ltd. which is a
solicitors firm with sideline business in providing company secretarial
services.
Our
reporter then contacted a female staffmember of the said co.
She
confirmed that SC is one of the many cos. whose secretarial & accounting
affairs are being handled by them.
She had
promised to pass our message & deliver our brochure & questionnaire to
SC's principal(s). However, we have not
yet received any reply.
Our
current inquiry reveals that no such name as SC is registered as a current user
of local fixed line telephone companies.
Our
inquiry revealed that the tel. no. of Global Law Services Ltd. is 852-25442291. Through the said tel. no., we managed to
contact a female staffmember. She
refused disclosing any information regarding SC.
Despite
having exhausted all our effort, we are unable to obtain sufficient information
to assess SC's credit standing.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|