MIRA
INFORM REPORT
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Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PROSPER CHANNEL ( |
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Registered Office : |
Warehouse B Verton Mfg 1 Wo Hing Rd Wo Hop Shek San Tsuen
Fanling New Territories |
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Country : |
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Date of Incorporation : |
October 25, 1999 |
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Com. Reg. No.: |
692361 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Acts as warehouse of Guangzhou
Prosper Channel Trading Co |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
PROSPER CHANNEL (
WAREHOUSE B VERTON MFG
WO HOP SHEK SAN TSUEN FANLING NEW TERRITORIES,
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 25, 1999
REGISTRATION NO. :
692361
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
3
CAPITAL :
US$ 128,041
BUSINESS LINE :
SERVICE
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 : FAIR
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
HKD 7.81295 = US$1 AS OF 2007-6-13
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*
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(1)
License number : 692361
Date issued : 25
October, 1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 30595001-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Authorized capital : HKD 1,000,000.00 divided into 1,000,000 ordinary
shares of HKD 1.00/-each, fully paid
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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 shareholders :
2
Total number of ordinary shares : 1,000,000
Shareholders' Name
No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
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---------------------------------
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Mr. Chandra Sharma Naresh 995,000 995,000.00 99.50
Mr. Yu Zhang
5,000
5,000.00
0.50
*Directors' Details*
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(1)
Mr. Chandra Sharma Naresh
Mobile number : 13902284979
Address : Rm 2005
Taojin Communication Center 98
(2)
Mr. Yu Zhang
Address : Rm 2005 Taojin Communication
Center 98
*Company Secretary*
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INTERNATIONAL PROFESSIONAL SECRETARY LTD
Address : 7Fl
CR no : 798592
SC declined to release its management details at present.
*Operations Status*
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Extensive investigations have been conducted to identify the current commercial
operation of the company and it was revealed that the company only serves as
warehouse of its affiliate company in China, GUANGZHOU PROSPER CHANNEL TRADING
CO.
All transactions must be directed to GUANGZHOU PROSPER CHANNEL TRADING
CO.
*Main Products & Services*
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Acts as warehouse of GUANGZHOU
PROSPER CHANNEL TRADING CO.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name :
Address : 8H 112 Heng Fu Lu
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Medical Equipment & Pharmaceutical
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line and only serves as warehouse of
its affiliate company. Great caution is required in providing credit to SC
& COD is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4225 General Warehousing &
Storage
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9838 General
warehousing and storage
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%)