MIRA
INFORM REPORT
|
Report Date : |
22.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CONRAD MARK (HK) LTD. |
|
|
|
|
Registered Office : |
Rm 1901, 19/F, Ginaza Plaza,2a Sai Yeung Choi St.,
Mongkok, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
10-10-2003 |
|
|
|
|
Com. Reg. No.: |
865412 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
-- |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
name & ADDRESS
CONRAD MARK (HK) LTD.
RM 1901, 19/F, GINAZA PLAZA,2A SAI YEUNG CHOI ST.,
MONGKOK, KOWLOON, HONG KONG. (AS GIVEN)
TEL: NOT REGISTERED
FAX: NOT REGISTERED
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. 865412 on
10-10-2003.
Details of its incorporation information are shown to be as follows:
Authorized capital: HK$0.1M divided into 0.1M shares @ HK$1.-
Paid-up capital: HK$0.1M
Shareholders/subscribers
(as at 10-10-2006)
Name(s), ID/passport number, nationality & registered address No. of
Shares
- *Zhou Liang Zhang / G05898208 / Chinese 60,000
/ No.3-2-401, Shu Guang Mansion, Hangzhou, PR China.
- *Li Xue Hong / VM387373 / Chinese 40,000
/ -- ditto -- ---------
100,000
======
Directors(as at
10-10-2006)
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: Room 1302, 13/F, CRE Building, 303
Hennessy Road, Wanchai, 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.
SC's principals are residing overseas & information regarding their
background is not available.
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.
A visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a commercial premises outside of which SC's name was not seen
on display. Instead, the following co.
name(s) was/were seen on display:
- i-Business Services Ltd.
The gross area of the premises is estimated at 1,800 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises is occupied as office by i-Business Services Ltd. which is
a service company providing secretarial services.
Our reporter then contacted a female who identified herself as a staff
member of the said co.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
She further advised that only SC's principal(s) could handle outside
parties business enquiries on SC while SC's principals were not in office by
that time.
On the same day, our reporter visited SC's registered office address
(Room 1302, 13/F, CRE Building, 303 Hennessy Road, Wanchai, HK) & reported
as follows:
The address is a commercial premises outside of which SC's name was not
seen on display. Instead, the following
co. name(s) was/were seen on display:
- JBL Secretary Services Ltd.
The gross area of the premises is estimated at 2,000 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Our reporter then contacted a female who identified herself as a
staffmember of the said co.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
She further advised that only SC's principal(s) could handle outside
parties business enquiries on SC while SC's principals were not in office by
that time.
She had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
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 operations & assess SC's credit
standing for the time being.
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 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%)