MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SRG UNITED ENTERPRISES LTD |
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Registered Office : |
Rm 10, 2 Fl |
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Country : |
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Date of Incorporation : |
17.10.2006 |
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Com. Reg. No.: |
1081194 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s 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 |
COMPANY NAME &
ADDRESS
SRG UNITED ENTERPRISES LTD
RM 10, 2FL
FANLING NEW TERRITORIES,
TEL: 852-28800489
FAX:852-28800589
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 17, 2006
REGISTRATION NO. :
1081194
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MEI-YUK LAU (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,279
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.81136 = US$1 AS OF
*Company Registration*
===================
License number : 1081194
Date issued : 17 October, 2006
Issuing authority : Companies Registry
Type of license : Corporate
License number : 37256860-00
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Office & Facilities*
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Other e-mail address :
candletang@srgunited.com
*Capital Details*
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Authorized capital : HKD
10,000.00 divided into 10,000 shares HKD 1.00/-each
*Financials*
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*Reputation*
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Due to the recent incorporation of the firm, we were unable to establish the level of the
firm's reputation within the respective industry.
*Approved Signatures*
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Only Mr. Mei-yuk Lau can sign on behalf of the company with seal
affixed.
E-mail: maggielau@srgunited.com
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 shares : 10,000
Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------- ---------------------------------- ---------------
Mei-yuk Lau 10,000 10,000.00 100.00
*Company Secretary*
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GENERAL ACCOUNTING LTD represented by Yuen-ling Kwong
Address : Rm 1505, 15Fl Yu Sung Boon Bldg
CR number : 995251
*Key Personnel*
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Mei-yuk Lau
National ID number : K702428(2)
Address : Flat 7, 10Fl Yee Lai House -
Date of Appointment : 17 October, 2006
*Operations Status*
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Current operations of the firm could not be identified and confirmed
during the course of the investigation due to the following reasons:
1. The company has been unwilling to reveal details of its business
operations except for the confirmation of the company name and contact details.
2. Still, a written request was forwarded to the company, but no reply was received, either by phone or by
mail.
3. Additionally, attempts to identify other commercial points of
reference being used by the company proved to be unsuccessful. These include
checks with the local trade and business associations.
SC is not known to have any subsidiary at
present.
PAYMENT RATING :NR OBTAINED SCORES : No Data
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Rating Key |
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.
Dealings on open terms may be possible for C.O.D. amounts depending on individual judgement experience.
*BANK DETAILS*
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Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central,
Branch Address :
Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code :
HSBCHKHH
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 nine (9) months ago no
financials have been lodged.
SC was established recently in a small size, and its credit has not been
established yet. Based on the investigations performed, great caution is
required in providing credit to SC & COD is recommended.
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%)