MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BLUE-FRAMES LTD |
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Registered Office : |
13FL Chun Wo Commercial Centre |
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Country : |
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Date of Incorporation : |
May 9, 2006 |
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Com. Reg. No.: |
1043627 |
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Legal Form : |
Private |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRAs Rating : |
NR |
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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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
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name &
address
BLUE-FRAMES LTD
13FL CHUN WO COMMERCIAL CENTRE
TEL : [+852] 25456525
FAX : [+852] 28540460
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 9, 2006
REGISTRATION NO. :
1043627
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
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 :
N/A
GENERAL REPUTATION :
NR
EXCHANGE RATE :
HKD 7.82035 = USD1 AS OF 2007-07-18
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 :
1043627
Date issued :
9 May, 2006
Issuing authority :
Companies Registry
Type license :
Corporate
(2)
License number :
36896986-000
Date issued : N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type license :
Business
*Company Name*
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Incorporated as
: DICKWELL LTD
Date of incorporation
: 9 May, 2006
Changed name to
: BLUE-FRAMES LTD
Date of change
: 10 July, 2006
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000
ordinary shares at HKD 1.00/-each, fully paid
*Reputation*
==========
Due to the fact that the subject company :
(i) Does not maintain
an operational office in
(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 1 year there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 10,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------ ---------------------------------- ----------------
Christopher Gerd Bluemel 9,900 9,900.00 99
Tom Andreas 100 100.00 1
*Director's Details*
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Christopher Gerd Bluemel
Passport no . : 330900949
Address :
Choldwigstrasse 22 Bergisch Gladbach 51429
Shareholders' Details
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Tom Andreas
Address : Bismarckstrasse 56 Koein (
*Operation Status*
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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.
The local firm employed to perform maintenance of this
company is:
Company name : SINCERE SECRETARIES LTD
Address :
13Fl Chun Wo Commercial Centre
Suburb :
Central
City
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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.
Under
SC is an offshore corporation, and it does not maintain an operational
office, nor any employees in this country. 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 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%)