MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
STARCO INTERNATIONAL LTD. |
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Registered Office : |
Flat A, 10/F, |
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Country : |
Hong Kong |
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Date of Incorporation : |
13-5-1993 |
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Com. Reg. No.: |
420566 |
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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 : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
STARCO INTERNATIONAL LTD.
FLAT A, 10/F, NORTH CAPE COMMERCIAL BLDG., 398 KING'S ROAD,
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.
420566 on
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
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Chang Yin Chi / M13325984 / Taiwanese 1
/ Same as heading address
- *Chien Sheng Ho / 132209602 / Taiwanese 1
/ -- ditto -- ---
2
==
Directors(as
at
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.
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
Civil
litigation/winding-up petitions : None
in our database.
Mortgage/charge
record(s) : None
filed since its incorporation date.
Chang Yin Chi, director:
He is a Taiwanese.
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
Chien Sheng Ho, director:
He is a Taiwanese.
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.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,200 square feet at a commercial
building in a commercial district.
Condition inside the premises during our visit :
Office/factory layout : Standard.
Jointly occupying the premises with the below mentioned
affiliate.
Affiliate(s):
Company name : Ample
Logistics Ltd.
Year established : 2002
Business nature : Provision
of logistics services
Address :
Same as heading business address
Turnover :
NA
Civil litigation & winding-up petition records: None in
our database
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 was seen on display:
- Ample Logistics Ltd.
The gross area of the premises is estimated at 1,200 square
feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
Our reporter then contacted an identified female of the said
co.
She refused disclosing any information regarding SC unless
the identity of the inquiry party is disclosed.
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.
Our findings indicate that the contact information of SC is
as follows:
- Tel: 852-25719229
- Fax: 852-25712893
A call was made to the said tel. no. 852-25719229, we
managed to contact
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%)