MIRA
INFORM REPORT
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Report Date : |
28th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TECHIN DEVELOPMENT LTD. |
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Registered Office : |
No.6,
16/F, Chinaweal Centre,414-424 Jaffe Road, Wanchai., Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.01.2002 |
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Com. Reg. No.: |
783431 |
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Legal Form : |
Private Limited Company |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company
Name & Address
TECHIN
DEVELOPMENT LTD.
NO.6,
16/F, CHINAWEAL CENTRE,414-424 JAFFE ROAD, WANCHAI. (AS GIVEN), HONG KONG.
TEL : 852
28380936
FAX : 852
28222792
Narrative report
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such type
of report might be greater than those on a standard report. On many occasions,
the information in this type of report still indicates the current status of
the enquired co. and serves as a useful reference to assess its credit
standing.
SC is a private limited co. incorporated under co. file no. 783431 on
21-1-2002.
Details of its incorporation information are shown to be as follows:
Authorized capital :$10,000 divided into 10,000 shares @ $1.-
Paid-up capital :$2.-
Shareholders/subscribers (as at 21-1-2007)
Name(s), ID/passport number, nationality & registered address No. of
Shares
- *Xing Yutong / P144160816 / Chinese 1
/ Rm 709,3-602# Reminbei Road, Guangzhou, Guangdong Province,
PR China.
- *Song Yuandong / G02186688 / Chinese 1
/ Rm B2, 12/F, Liwan Bldg., 693 North Renmin Road, Guangzhou, ---
Guangdong Province, PR China. 2
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Directors(as at 21-1-2007)
Name(s), ID/passport number & nationality Registered address
*Also directors
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
SC's registered office address:
Flat A, 30/F, Tower 1, 139 Castle Peak Road, Ping Shan, N.T., HK.
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 filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil litigation/winding-up petitions :
None in our database.
Mortgage/charge record(s) :
None filed since its incorporation date.
Xing Yutong, director: He is a
Chinese mainlander.
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as defendants :
None in our database
Bankruptcy/winding-up petitions :
None in our database
Delinquent payment records :
None in our database
Debt collection record :
No overdue amount owed by the said person was placed to us for collection
Song Yuandong, director: He is a
Chinese mainlander.
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as defendants :
None in our database
Bankruptcy/winding-up petitions :
None in our database
Delinquent payment records :
None in our database
Debt collection record :
No overdue amount owed by the said person was placed to us for collection
A check of our database & enquiry with outside sources indicate no
information regarding the background of SC's principals. Besides, SC's principals could not be
contacted for enquiry during our course of report preparation.
Detailed information regarding its activities is not
available.
SC is not known to have any subsidiary at present.
On 26-2-2007, a visit to the premises at the heading business address by
our field reporter revealed the following:
There is Unit A-C in 16/F of the captioned building and SC's name was
not seen on display outside all Units in 16/F.
On the same day, our reporter visited SC's registered address and
reported as follows:
The address is a residential premises outside of which no company name
was seen on display.
Our reporter found that the premises is used as residence and that no
standard office equipment was installed there.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
Our inquiry reveals that the SC's given telephone no. (as provided by
you) is used by another co. Upon a phone contact, a staff member of the said
co. informed that the said the telephone line is no longer registered under the
name of SC.
SC is unknown in the local market or to the sources we contacted. Our
database also indicates no further information regarding SC. We are unable to establish
the precise nature of SC’s operation & assess SC’s credit standing for the
time being.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions