MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SINO OCEAN LTD |
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Registered Office : |
Rm 604 & |
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Country : |
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Date of Incorporation : |
April 9, 2005 |
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Com. Reg. No.: |
962002 |
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Legal Form : |
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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 : |
Offshore Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
SINO OCEAN LTD
RM 604 & 606 TIEN CHEUNG HONG BLDG 77-83 JERVOIS ST,
TEL : 852 25433705
FAX : 852 25411556
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 9, 2005
REGISTRATION NO. :
962002
CHIEF EXECUTIVE :
MR. KISHORE KUMAR SIRIGERI
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,280
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 :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.81167 = US$1 AS OF 2007-6-05
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 : 962002
Date issued : 9 April,
2005
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 35574630
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00
*Reputation*
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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.
*Approved Signatures*
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Only Mr. Kishore Kumar Sirigeri can sign on behalf of the company with
seal affixed.
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 share :
1
Shareholder's Name
No. of Ordinary Shares Amount of
Shares (HKD) % of Shares
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Mr. Kishore Kumar Sirigeri 1
1.00
100.00
*Directors' Details*
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Mr. Suresh Babu Sirigeri
HKID no : A9152972
Address : Rm 1603, 16Fl Rightful
Centre 12 Tak Hing St Jordan Kowloon
Mr. Kishore Kumar Sirigeri
Pasport no : Z-1234879
Address : Rm 1804 Block 1,
*Company Secretary*
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Mr. Suresh Babu Sirigeri
HKID no : A9152972
Address : Rm 1603, 16Fl Rightful
Centre 12 Tak Hing St Jordan Kowloon
*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.
Company Name : YEUNG, HO, JIU & CO
Address : Rm 604 &
City :
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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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
In view of the above investigation results, no credit dealings can be
considered to SC.
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%)