MIRA
INFORM REPORT
|
Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
LOGICHEM INT'L CO LTD |
|
|
|
|
Registered Office : |
Rm 2202, 22FL Sing Pao Bldg 101 King's Rd |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
December 31, 2003 |
|
|
|
|
Com. Reg. No.: |
0877509 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
-- |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
name &
address
LOGICHEM INT'L CO LTD
RM 2202, 22FL SING PAO BLDG 101 KING'S RD
TEL : 852 28051061
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 31, 2003
REGISTRATION NO. :
0877509
CHIEF EXECUTIVE :
MR. GUO-JUAN ZHANG
STAFF STRENGTH :
N/A
CAPITAL :
US$ 3,841
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 : N/A
EXCHNAGE RATE :
HKD 7.81385 = US$1 AS OF 2007-6-8
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*
===================
License number : 0877509
Date issued : 31
December, 2003
Issuing authority : Companies Registry
Type of license : Corporate
License number : 34192512-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 30,000.00 divided into 30,000 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.
*Approved Signatures*
===================
Only Mr. Guo-qiang Zhang 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*
=================
Total number of shareholders
: 3
Total number of ordinary shares : 30,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
----------------------------- ------------------------------ ----------------
Mr. Guo-qiang Zhang
13,800
13,800.00
46
Mr. Guo-juan Zhang 8,100 8,100.00 27
Mr. Guo-sheng Zhang 8,100 8,100.00 27
*Directors' Details*
===============
Mr. Guo-juan Zhang
Passport no. : 143782885
Address : Rm 2008
Five-Continent Bldg
Mr. Guo-qiang Zhang
Passport no. : 148346220
Address : Rm 1403 Bldg 10
Vanke Metropolitan
Mr. Guo-sheng Zhang
Address :
*Company Secretary*
=================
EARNLINK MANAGEMENT LTD
Address : Rm 2202, 22Fl Sing Pao Bldg 101 King's Rd
CR no. : 242393
*Operation Status*
===============
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 : EARNLINK MANAGEMENT LTD
Address : Rm 2202,
22Fl Sing Pao Bldg 101 King's Rd
City :
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name : LOGICHEM INTERNATIONAL CO LTD
Address : Wanke Jinsejiayuan 10-1403,
Website: http://www.logi-chem.com
E-mail:david@logi-chem.com
TEL:+86-755-3334 9981
FAX:+86-755-3334 9981
Country :
Relationship : Affiliate
Industry : Chemicals
Note:
We contacted this company, but the
management
declined to release any information, unless the name of client can be provided.
PAYMENT RATING : NR OBTAINED SCORES : 0
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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
Judging from the above investigation results, great caution
is requested in providing credit to SC & COD is recommended.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)