MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ESSENCE
DRAGON LTD |
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Registered Office : |
13FL |
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Country : |
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Date of Incorporation : |
11.04.2005 |
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Com. Reg. No.: |
768009 |
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Legal Form : |
Private
Company |
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Line of Business : |
Engaged
in trading second hand looms. |
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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Maximum Credit Limit : |
Up To
USD 5,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
ESSENCE DRAGON LTD
13FL
TEL : 852-27509504
FAX : 852-21268167
EXECUTIVE SUMMARY
INCORPORATION
DATE : APRIL 11, 2005
REGISTRATION
NO. : 768009
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. BERNARD
PERLMAN (REPRESENTATIVE)
STAFF
STRENGTH : 10
CAPITAL : US$ 1,287
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.81322 =
US$1 AS OF 2007-2-16
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 : 768009
Date
issued : 11 April, 2005
Issuing
authority : Companies Registry
(2)License
number : 33686017
Date
issued : N/A
Issuing
authority : Business Registration Office - Inland Revenue Dept
*Registrar*
========
CK LIU
& CO
*Capital
Details*
=============
Share
value : HKD 1.00/-each
Authorized
capital : HKD 10,000.00
Paid-up
capital : HKD 8,000.00
*Approved
Signatures*
=================
Only Mr.
Chi-keung Chow can sign on behalf of the company with seal affixed.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
E-mail: cktony@gmail.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Total
number of shareholders : 2
Total
number of shares : 8,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of
Shares
-------------------------- ------------------ --------------------------------- -----------------
Naomi
Yin-fong Chow
7,999
7,999.00
99.99
Tony
Chi-keung Chow
1 1.00 0.01
*Directors'
Details*
===============
(1)Tony
Chi-keung Chow
National
ID No : E664245(8)
Address : Flat C
Territories,
Email : cktony@gmail.com
(2)Naomi
Yin-fong Chow
National
ID No : G030582(A)
Address : Flat C 9Fl Tower 6 Tierra Verda
*Company
Secretary*
=================
Chi-keung
Chow
National
ID No : E664245(8)
Address : Flat C
Management:
Mr. Bernard Perlman, Representative
Name Nationality
Job Description
Mr.
Bernard Perlman British Representative Sales
*Key
Personnel*
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Bernard
Perlman
Email : bperlman@email.it
*Main
Products & Services*
======================
Specializes
in trading second hand looms.
Carries
the following brands:
- Somet
-
Vamatex
- Sulzer
- Smit
(Nuovo Pignone)
Products:
Looms
Weaving loom
*Payment
Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local
Distribution Network*
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100% of
the annual turnover is attributed to local sales.
*Export
Markets*
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There is
no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 55
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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
AMOUNT
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.
*Charges*
=========
Registration
number : N/A
Creation
Date : 26 October, 2006
Amount
Secured by charge : To secure all monies in respect of
banking facilities owing at any time
plus
interest and all expenses.
Chargee/Beneficiary :
HONG KONG & SHANGHAI BANKING CORP LTD, THE
SC is
considered small-sized in its line with an acceptable base to come into credit
dealings of small amount.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3552
Textile machines, and
parts and attachments,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 8446
Weaving machines (looms)
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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