MIRA
INFORM REPORT
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Report Date : |
26th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FORTUNA TRADING COMPANY OB FORTUNE CONNECTION LTD |
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Registered Office : |
10/F, Grand Right Centre, 10-10a Cameron Road, Tsimshatsui, Kowloon, Hong
Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.10.1987 |
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Com. Reg. No.: |
200816 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in trading of diamond & fine jewellery business. |
RATING &
COMMENTS
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MIRA’s Rating : |
NR (No Rating) |
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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 |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
Company Name & Address
FORTUNA
TRADING COMPANY OB FORTUNE CONNECTION LTD.
10/F, GRAND RIGHT CENTRE, 10-10A CAMERON ROAD, TSIMSHATSUI, KOWLOON, HONG
KONG. (AS GIVEN)
TEL : 852 27210369 (AS 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. 200816 on
13-10-1987.
Details of its incorporation information are shown to be as follows:
Authorized capital :HKD1M divided into 1M shares @ HKD1.-
Paid-up capital :HKD1M
Shareholders/subscribers (as at 13-10-2006)
Name(s),
ID/passport number, nationality & registered address No. of Shares
- *Leung Yee Fai / E478620(7) / Chinese 999,999
/ Flat C, 26/F, Tower One, Elegant Terrace, 36 Conduit Road, Hong Kong.
- *Leung Lui Yuk Har / G087878(1) / Chinese 1
/ -- ditto -- ------------
1,000,000
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Directors(as at 13-10-2006)
Name(s), ID/passport number & nationality Registered address
*Also directors
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
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 within the last 2 years as per our current search.
Mortgage Index :
Year(s) in which mortgage registration(s) are filed: 1992, 1994, 2000
Year(s) in which mortgage satisfaction record(s) are filed: 1994, 1995
Leung Yee Fai, director: He was
formerly a director of Fortune Global (Hong Kong) Ltd. (already dissolved)
Registered residential address: As stated in "Registration Information"
Property ownership: Current land
search indicates that the said premises ownership as follows:
- Owner(s) : Leung Yee Fai & others
- Date of purchase & consideration : 17-8-1996 / HKD9.5M
- Date of mortgage & secured amount : 17-8-1996 / ANS
- Mortgagee : ABN AMRO Bank N.V.
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
Leung Lui Yuk Har, director and the wife of Leung Yee Fai.
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
SC is reportedly engaged in trading of diamond & fine jewellery
business.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
On 15-2-2007, 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 SC's name was seen
on display.
The gross area of the premises is estimated at 3,400 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
A female staffmember of SC was contacted there. She advised that only SC's principal(s)
could handle outside parties' business enquiries on SC. SC's principal(s) were not in office by that
time.
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 a commercial telephone line (number
852-27210369) is registered under the name of SC.
Through a call made to the said telephone no., we managed to contact
Leung Yee Fai, SC's director. He
declined forwarding any information on SC.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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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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%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions