MIRA
INFORM REPORT
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Report Date : |
22.06.2007 |
IDENTIFICATION DETAILS
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Name : |
RUN LIANG TRADING LTD |
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Registered Office : |
Rm 1301, 13/Fl CRE Bldg 303 Hennessey Rd Wanchai, |
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Country : |
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Date of Incorporation : |
16.02.2005 |
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Com. Reg. No.: |
0951907 |
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Legal Form : |
Offshore Company - Private Limited |
RATING & COMMENTS
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MIRA’s 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 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
RUN LIANG TRADING LTD
RM 1301, 13FL CRE BLDG 303 HENNESSEY RD WANCHAI, HONG KONG
TEL: 852 21381199
FAX: 852 28771220
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY 16, 2005
REGISTRATION NO. :
0951907
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. JIE-LIANG DENG
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,280
BUSINESS LINE :
NOT APPLICABLE
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 7.81704 = US$1 AS OF 2007-6-22
*Company Registration*
===================
License number : 0951907
Date issued : 16 February, 2005
Issuing authority : Companies Registry
License number : 35342766-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000.00 shares at HKD 1.00 /-each, fully paid.
*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.
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 shares : 10,000
Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares
--------------------------- -------------------- ---------------------------------- ----------------
Mr. Jie-Liang Deng 10,000 10,000.00 100.00
*Director's Details*
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Mr. Jie-Liang Deng
Passport number : 440105750530181
Address : Rm 706
*Company Secretary*
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HKNC SECRETARY SERVICES LTD
Address : Room 1301, 13Fl CRE Bldg
CR no. : 837258
*Operations Status*
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Although the company is a legally registered business 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" company licenses on behalf of 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 any mail to the owners, attend to license renewals, corporate levies and related issues.
The local firm employed to perform maintenance for this company is:
Company Name : HKCN SECRETARY SERVICES LTD
Address : Rm 1301, 13Fl CRE Bldg
Suburb : Wanchai
City
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SC is not known to have any subsidiary at present.
PAYMENT RATING :NR OBTAINED SCORES : 0
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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
SC does not maintain an operational office, nor any employees
in HK. Great caution is required in providing 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%)