MIRA
INFORM REPORT
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Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JOYSTAR INTERNATIONAL DEVELOPMENT LTD. |
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Registered Office : |
84, Huahui Ge, Zhaohui Yuan, 6 Tianshou Road, Tianhe,
Gurangzhou, 510160, Pr |
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Country : |
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Date of Incorporation : |
08-04-2006 (Registered in HK) |
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Com. Reg. No.: |
1036976 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in exporting office supplies, machinery products and
chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
JOYSTAR INTERNATIONAL DEVELOPMENT LTD.
84, HUAHUI GE, ZHAOHUI YUAN,
510160, PR
TEL : 86 (0) 20-38846972
FAX : 86 (0) 20-38846472
EXECUTIVE SUMMARY
INCORPORATION DATE :
08-04-2006 (REGISTERED IN HK)
REGISTRATION NO. :
1036976
REGISTERED LEGAL FORM : PRIVATE
LIMITED CO.
CHIEF EXECUTIVE : JAIN SUSHIL SANTLAL (CHAIRMAN)
STAFF STRENGTH :
NA (GROUP, IN
AUTHORIZED CAPITAL : $10,000 = 10,000 shares @ $1.-
PAID-UP CAPITAL : $10,000
BUSINESS LINE :
TRADING OF OFFICE SUPPLIES
TURNOVER :
NA
EQUITIES :
NA
PAYMENT :
NOT YET DETERMINED
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
NA
OPERATIONAL TREND : UNDETERMINED
GENERAL REPUTATION : NOT
YET DETERMINED
EXCHANGE RATE :
HKD 7.63 = USD1 AS OF 2007-06-08
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
SC is a private limited company registered under incorporation file no.
1036976 on 08-04-2006 in
SC's shareholders & directors are shown to be as follows:
Shareholders (as at 8-6-2007) Number
of shares held
- JAIN SUSHIL SANTLAL 10,000
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The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced & noted
within last 2 years.
SC’s registered
address is Flat B, 6/F,
This section will contain the civil litigations & winding-up petitions
filed against SC for the last 6 years (as stored in our database), and the
mortgage/charge records filed by SC for the last 2 years. In
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : None filed since its incorporation date.
SC does not maintain any operation in
A lady surnamed Qiu of Guangzhou office answered the phone. According to
Ms Qiu, subject is only a contact point of Joystar International Development
Ltd., which is officially registered in
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience : SC did not provide any name of
trade/service suppliers and we have no other
sources to conduct
the enquiry at present.
Delinquent
payment record : None in our database.
Debt
collection record : No overdue amount
owed by SC was placed to us for collection within the last 6 years.
Considering the above investigation results, we would rate SC as a
fairly high credit risk status. Caution should be given to SC when granting
credit to SC and 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%)