MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NEVARO ASIA LTD |
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Registered Office : |
8FL Henley Bldg 5 Queen's Rd |
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Country : |
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Date of Incorporation : |
January 4, 2007 |
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Com. Reg. No.: |
1099825 |
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Legal Form : |
Private Limited Company |
RATING & COMMENTS
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MIRAs 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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
NEVARO ASIA LTD
8FL HENLEY BLDG 5 QUEEN'S RD CENTRAL HONG KONG
TEL : 852-28544544
FAX : 852-25435555
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 4, 2007
REGISTRATION NO. :
1099825
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,279
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 : FAIR
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.81322 = US$1 AS OF 2007-6-26
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 : 1099825
Date issued : 4 January,
2007
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 37534892-000
Date issued : N/A
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 divided into 10,000 shares
Paid-up capital : HKD 1.00
divided into 1 share
*Corporate & Organization Structure*
===========================
Corporate Management
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ORIENT INVESTMENTS LTD
Position held :
Director
*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 :
1
Shareholders' Name
No. of Shares Amount of Shares
(HKD) % of Shares
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ORIENT INVESTMENTS LTD
1
1.00 100.00
*Company Secretary*
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ICS SECRETARIES LTD
C. R. no. : 189973
Address : 8Fl Henley Bldg 5 Queen's Rd
SC declined to release its management details at present.
*Operation 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 : ICS TRUST (
Address : 8Fl
Suburb : Central
City :
SC is not known to have any subsidiary at
present.
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.
*Bank Details*
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Bank name : HSBC BANK
Branch :
Under
SC was established recently in 2007, and its credit has not been
established yet. Credit dealings with SC should be confined into COD at
present.
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%)