MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
CORNERSTONE MANAGEMENT
LTD. |
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Registered Office : |
Unit 1604, 16/F,
Kinwick Centre, |
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Country : |
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Date of Incorporation : |
4-9-2000 |
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Com. Reg. No.: |
729900 |
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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 : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
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name & address
CORNERSTONE MANAGEMENT LTD.
UNIT 1604, 16/F, KINWICK
CENTRE,
31 HOLLYWOOD ROAD, CENTRAL,
HK. (AS REGISTERED)
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.
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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.
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SC is a private limited co. incorporated under co. file no. 729900 on
4-9-2000. |
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Details of its incorporation information are shown to be as follows: |
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Authorized capital :$10,000 divided into 10,000 shares @ $1.- |
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Paid-up capital :$10,000 |
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Shareholders/subscribers
(as at 4-9-2006) |
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Name(s), ID/passport number, nationality & registered address |
No. of Shares |
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- *Chen Mei Hua / M10983761 / Taiwanese |
5,000 |
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/ 46, Chung-San St., Shijr, Taipei, Taiwan. |
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- *Ko Pei Chang / 130943313 / Taiwanese |
5,000 |
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/ -- ditto -- |
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10,000 |
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===== |
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Directors(as at 4-9-2006) |
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Name(s), ID/passport number & nationality |
Registered address |
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*Also directors |
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Current search reveals certain material change or amendment of SC has
been recorded within the last 2 years & noted as follows: |
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Change in shares holding: |
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Date |
Transferor(s) |
Transferee(s) |
No. of shares transferred |
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30-5-2006 |
Mahtani Prakash G. |
Ko Pei Chang |
5,000 |
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30-5-2006 |
Mahtani Prakash G. |
Chen Mei Hua |
100 |
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A visit to the premises at the heading business address by our field
reporter revealed the following: |
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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: |
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- Comsec Services Ltd. |
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The gross area of the premises is estimated at 2,000 square feet. |
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Condition inside the premises during our visit: Normal |
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Office/factory outlay: Standard |
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The premises is occupied as office by "Comsec Services Ltd."
which is a business centre. The said co. provides operational (like
telephone, fax & office equipment) & clerical support service to its
clients each of whom usually sub-leases a desk or a room as office there. |
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Our reporter then contacted a female staff member of the said co. |
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She confirmed that SC is one of the many cos. whose secretarial affairs
being handled by them. She refused disclosing any information regarding SC. |
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It is a general practice in Hong Kong that a firm of such business
nature does not disclose a client's information to the third party without
the client's consent. |
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She had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply. |
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Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies. |
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Our finding indicated that The contact information of Comsec Services
Ltd. (SC's company secretary) is as follows: |
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- Tel: 852-28681287 - Fax: 852-28681163 |
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A call was made to Tel: 852-28681287.
We managed to contact Ms. Law, a staffmember of the said co. She claimed that SC's operation is sited
overseas and the heading address is the correspondence address of SC in HK.
She refused disclosing any information regarding SC unless the identity of the
inquiry party is disclosed. |
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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. |
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Civil litigation/winding-up
petitions : |
None in our database. |
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Mortgage/charge record(s) : |
None filed since its incorporation date. |
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Chen Mei Hua, director: He is a
Taiwanese. |
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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: |
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Civil litigation as defendants |
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None in our database |
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Bankruptcy/winding-up petitions |
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None in our database |
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Delinquent payment records |
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None in our database |
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Debt collection records |
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No overdue amount owed by the said person was placed to us for
collection |
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Ko Pei Chang, director: He is a
Taiwanese. |
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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: |
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Civil litigation as defendants |
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None in our database |
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Bankruptcy/winding-up petitions |
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None in our database |
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Delinquent payment records |
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None in our database |
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Debt collection records |
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No overdue amount owed by the said person was placed to us for
collection |
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Detailed information regarding its activities is not available. |
SC is not known to have any subsidiary at present.
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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
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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%)