MIRA
INFORM REPORT
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Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
BRIGHT HILL DEVELOPMENT LTD |
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Registered Office : |
RM
2803, 28fl Shui On Centre 6-8 Harbour Rd Wanchai Hong Kong |
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Country : |
Hong
Kong |
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Date of Incorporation : |
20.11.2006 |
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Com. Reg. No.: |
1088873 |
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Legal Form : |
Private
Limited |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
Company Name & Address
BRIGHT
HILL DEVELOPMENT LTD
RM 2803,
28FL SHUI ON CENTRE 6-8 HARBOUR RD WANCHAI HONG KONG
TEL:
852 35210782 FAX: 852 31150336
EXECUTIVE SUMMARY
INCORPORATION
DATE : NOVEMBER 20, 2006
REGISTRATION
NO. : 1088873
CHIEF
EXECUTIVE : MR. JOEY
TIN-SHEK TUNG (GENERAL MANAGER)
STAFF
STRENGTH : N/A
CAPITAL : US$ 1,287
BUSINESS
LINE : NOT
APPLICABLE
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : NO
RECOMMENDATION
RECOMM.
CREDIT RANGE : NO RECOMMENDATION
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : N/A
GENERAL
REPUTATION : AVERAGE
EXCHNAGE
RATE : HKD 7.80976 =
US$1 AS OF 2007-2-15
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 : 1088873
Date
issued : 20 November, 2006
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License
number : 37448627
Issuing
authority : Business Registration Office - Inland Revenue Department
Type of
license : Business
*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.
Direct /
Indirect Corporate Parent Details
Chairman
: Mr. Joey Tin-shek Tung
Nationality : Hong Kong
*Major
Shareholders*
=================
Names of company directors and shareholders
have not been disclosed. Under the IBC
Ordinance, a company incorporated in Hong Kong is not required to disclose
details of its directors/officers and shareholders.
Name Nationality
Job Description
Mr. Joey
Tin-shek Tung Hong Kong General Manager
*Key
Personnel*
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Joey
Tin-shek Tung
HKID no
: D681087(0)
*Operation
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.
Company
Name : PROFESSIONAL ACCOUNTING TAXATION & SECRETARIAL SERVICES CO
Address : Rm 2803, 28Fl Shui On Centre,
6-8 Harbour Rd
Suburb : Wanchai
City : Hong Kong
SC is
not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
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.
*Bank
Details*
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Bank : BANK OF CHINA (HONG KONG) LTD
Branch : Olympia City West Kowloon
Swfit
code : BKCHHKHH
Although
the Subject Business Entity is legally registered, it is currently only a
"shelf company" and maintains no known business activity. Therefore
it is not possible to apply the normal Credit Rating and Risk Analysis
algorithm.
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/normal. |
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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