MIRA
INFORM REPORT
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Report Date : |
03.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SKY SOLAR ( |
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Registered Office : |
C/O Unit D, 10/F, |
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Country : |
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Date of Incorporation : |
4-8-2005 |
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Com. Reg. No.: |
987469 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of solar technology products. |
RATING & COMMENTS
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MIRA’s 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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
SKY SOLAR (
C/O UNIT D, 10/F,
TEL : 852 28763807
FAX : 852 25273298
EXECUTIVE SUMMARY
INCORPORATION DATE :
REGISTRATION NO. :
987469
REGISTERED LEGAL FORM : PRIVATE
LIMITED COMPANY
CHIEF EXECUTIVE : SU WEI LI (DIRECTOR)
STAFF STRENGTH :
1
AUTHORIZED CAPITAL : HK$10,000
= 10,000 SHARES @ HK$1.-
PAID-UP
CAPITAL : HK$10,000
BUSINESS LINE :
TRADING OF SOLAR TECHNOLOGY PRODUCTS
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82080 = USD1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –
SC is a private limited company registered under incorporation file no.
987469 on
SC's shareholders & directors are shown to be as follows:
Shareholders (as at
- Su Wei Li 10,000
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Directors (as at
- Su Wei Li / 130604196812070616
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced & noted
within last 2 years.
Total number of employees : 1.
Location : Maintaining
its correspondence office at the heading business address which occupies a gross
area of 800 square feet at a commercial building in a commercial district.
Condition inside the premises during our
visit :
Office/factory layout : Standard.
Su Wei Li, director:
- Born in 1968
- He is a Chinese mainlander
- He has over 15 years of experience in present field
Currently residing in PR China & only visits
Registered residential address: No.15, Sa Zhu Hu Tong, Nan Shi District,
Bao Ding Shi, He Bei, PR China.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of
the following
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
Ownership background appraisal:
Rating : 3 Obtained scores : 56 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Mr. Chan, SC's executive located in PR China,
declined forwarding any financial information on the ground that it is the company's
policy not releasing any data to a third party without the benefit of knowing
the identity of the inquiring party.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at
Banking relations are maintained principally with: HSBC.
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 records filed by SC for the last 2 years. In
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : None filed since its incorporation date.
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience : SC did not provide any name of
trade/service suppliers and we have no other
sources to conduct
the enquiry at present.
Delinquent
payment record : None in our database.
Debt
collection record : No overdue amount
owed by SC was placed to us for collection within the last 6 years.
Business categories :
SC is engaged in trading of solar technology products.
Items available include monocrystalline solar modules, polycrystalline solar
cells, solar panels & solar power controllers.
Principal purchases :
Major
types of sourcing : Raw
materials, parts & components
Local--type
of suppliers : Importers &
distributors
Buying
terms : COD
& credit of 45 days
Overseas--supplying
countries : PR China & SE Asia
Buying
terms : L/C
& T/T
Principal market :
Local--type
of customers : Wholesalers
Selling
terms : COD &
credit of 45 days
Overseas--buying
countries : USA & Europe
Selling
terms : L/C &
T/T
Reportedly, SC also maintains an affiliate at:
- Rm 5107, Building B, No.6,
- Tel: 86-10-66160657
- Fax: 86-10-66160079
SC is still in early stage of development with a comparatively limited
track record in its performance. Credit
should be confined to small amount at present.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted indicate
that SC was not involved in any property transaction (both purchase &
disposal) in
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%)