MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
TRASK HOLDINGS LTD |
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Registered Office : |
Rm D 20fl |
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Country : |
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Date of Incorporation : |
August 4, 2004 |
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Com. Reg. No.: |
0915361 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Acts as a holding company. |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
TRASK HOLDINGS LTD
RM D 20FL
HONG KONG
TEL : 852-25197311
FAX : 852-25196095
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 4, 2004
REGISTRATION NO. :
0915361
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81634 = US$1 AS OF 2007-7-4
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Name*
=============
Incorporated as :
AOTEAROA LTD
Date of incorporation : 4
August, 2004
Changed name to : TRASK
HOLDINGS LTD
Date of change : 16
March, 2007
*Company Registration*
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(1)
License number : 0915361
Date issued : 4 August,
2004
Issuing authority : Companies
Registry
Legal form : Private
Company Having a Share Capital
Type of license : Corporate
(2)
License number : 34810308-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Nominal capital : HKD 10,000.00
Issued capital : HKD 2.00
divided into 2 ordinary shares at HKD 1.00/-each.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: graham@traskltd.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of shares :
2
Shareholders' Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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POWERPLAN LTD 1 1.00 50.00
BILLION
*Director's Details*
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Mr. Ying-hung Choi
National ID No : D520364 (4)
Address : Rm 605, 6Fl
Treasure Centre 42 Hung To Rd Kwun Tong
Responsibility : Handles the
overall management of the company.
*Company Secretary*
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Mr. Ying-hung Choi
National ID No : D520364 (4)
Address : Rm 605, 6Fl
Treasure Centre 42 Hung To Rd Kwun Tong
Responsibility : Handles the
overall management of the company.
SC declined to release its management details at present.
*Main Products & Services*
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Acts as a holding company.
Products: Holding companies
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*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
SC is considered small-sized in its line. Credit dealings with SC should
be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 6700 Holding
& Investment Offices
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc repairs
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%)