MIRA
INFORM REPORT
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Report Date : |
22.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
IBADESA ASIA LTD. |
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Registered Office : |
Unit C, 8/F, East Wing, Sincere Insurance Bldg.,4-6 Hennessy
Road |
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Country : |
Hong Kong |
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Date of Incorporation : |
5-9-2003 |
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Com. Reg. No.: |
860536 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
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 : |
-- |
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Litigation : |
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name
IBADESA ASIA LTD.
UNIT C, 8/F, EAST WING, SINCERE INSURANCE BLDG.,4-6 HENNESSY
ROAD,
HONG KONG.(MOST LIKELY ADDRESS)
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.
860536 on 5-9-2003.
Details of its incorporation information are shown to be as
follows:
Authorized capital :$10,000 divided into 10,000 shares @
$1.-
Paid-up capital :$1,000
Shareholders/subscribers
(as at 5-9-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- Ibadesa Trading SA 510
/ Ave Bruselas 5, 3a P1, 28108, Alcobendas, Madrid, Spain.
- Union Hero Ltd. 490
/ PO Box 3512, Road Town, Tortola, BVI. ------
1,000
====
Directors(as
at 5-9-2006)
Name(s), ID/passport number & nationality Registered address
- Gutierrez Ocana David
Valezquez 51 28001 Madrid Entrada por
/ Q199478 / Spanish Banco Gallego, Spain.
- Lasso De La Vega Borja
Joaquin / AC339437 / Spanish A10,
No.8, Jingwen Road, Zhouqiao, Nanhui,
Shanghai,
PR China.
- Herrero Egana Lopez Hierro Camino
Ancho, 76, 28109 Alcobendas, Madrid,
Jose / AB308978 / Spanish Spain.
The above information is based on SC's registration
documents filed in Companies Registry within the last 2 years.
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.
Herrero Egana Lopez Hierro Jose, director: He is by Spanish nationality.
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 records : No overdue amount owed by the said
person was placed to us for collection
Lasso De La Vega Borja Joaquin, director: He is by Spanish nationality.
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 records : No overdue amount owed by the said person
was placed to us
for
collection
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 the
following co. name was seen on display:
- Charmking Co. Ltd.
The gross area of the premises is estimated at 2,000 square
feet.
The area of the premises is not known as our field reporter
could not gain entrance to the premises.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Our inquiry revealed that SC is a subsidiary of Ibadesa
Trading SA, whose partial information is as follows:
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Established year: 1983
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Business line: Trading of
commodities & other products such as oil by-products, agro industrial,
pharmaceutics medical, etc.
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Civil litigation & winding-up petition records: None in our database
The premises is occupied as office by Charmking Co. Ltd.
which is a company secretarial firm with sideline business providing company
secretarial services.
Our reporter then contacted a female staffmember of the said
co.
She confirmed that SC is one of the many cos. whose
secretarial & accounting affairs are being handled by them.
Our current inquiry reveals that no such name as SC is
registered as a current user of local fixed line telephone companies.
Despite having exhausted all our effort, we are unable to
obtain sufficient information to assess SC's credit standing.
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%)