MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
7 MILE LTD |
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Registered Office : |
Rm 1103 Fu |
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Country : |
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Date of Incorporation : |
June 19, 2006 |
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Com. Reg. No.: |
1053435 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME &
ADDRESS
7 MILE LTD
RM 1103 FU
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 19, 2006
REGISTRATION NO. :
1053435
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD7.81675 = US$1 AS OF 2007-6-29
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
===================
(1)
License number : 1053435
Date issued : 19 June,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Company Limited by Shares
(2)
License number : 36871184-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD
10,000.00 divided into 10,000 shares at HKD 10.00/-each, fully paid
*Reputation*
==========
Due to the lack of any third party reference, we were unable to
establish the level of the firm's reputation within the respective industry.
*Approved Signatures*
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The Director and a Secretary can sign on behalf of the company with seal
affixed :
- Gary King-sum Ng
- Flora Wai-fong Chan
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*
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Total number of shareholder
: 1
Total number of ordinary shares :
10,000
Shareholders' Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
-------------------------------
-------------------------------
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Gary King-sum Ng
10,000
10,000.00 100.00
*Director's Details*
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Gary King-sum Ng
Founder : Co-founder
Address : 1103 Fu
Qualification : Merchant
*Company Secretary*
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(1)
Flora Wai-fong Chan
Address : Unit 3, 20Fl
Golden Centre
(2)
Siu-fong Siu
HKID no : G571062(5)
Address : 2919 Tsui
Yung House Tsui Ping Estate Kwun Tong
Date appointed : 19 June, 2006
Previous Company Secretary
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ASIA SECRETARIES LTD
SC declined to release its management details at present.
*Operations Status*
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The
nature and extent of the company's operations could not be determined and it
could not be confirmed whether the company operates from the Registered Office
address or in another location.
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 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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established one (1) year ago no
financials have been lodged.
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/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 SCs 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%)