MIRA
INFORM REPORT
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Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BRIGHT CHINA ENTERPRISES CO., LTD. |
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Registered Office : |
Flat C, 7/F, Fourseas Communications Bank Bldg.,49-51
Bonham Strand West, Sheung Wan |
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Country : |
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Date of Incorporation : |
15-12-1992 |
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Com. Reg. No.: |
394266 |
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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
BRIGHT CHINA ENTERPRISES CO., LTD.
FLAT C, 7/F, FOURSEAS COMMUNICATIONS BANK BLDG.,49-51 BONHAM
STRAND WEST, SHEUNG WAN, HONG KONG.(AS GIVEN)
TEL : 852 23421827
(AS 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. 394266 on
15-12-1992.
Details of its incorporation information are shown to be as follows:
Authorized capital :HKD $10,000 divided into 10,000 shares @HKD $1.-
Paid-up capital :HKD $10,000
Shareholders/subscribers (as at 15-12-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- * Yuen Cheuk Wah / E234600(5) 5,000
/ Flat 9, 9/F, Yan Choi House, Yan Shing Court, Fanling,
N.T.,
- * Kong A Siou Dyson / D030627(5) 5,000
/ -- ditto -- ---------
10,000
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Directors(as at 15-12-2006)
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.
Current search reveals certain material change or amendment of SC has
been recorded within the last 2 years & noted as follows:
Change in business address: SC
moved to the heading business address from Flat A, 17/F, Nan Fung Sun Chuen,
Block 4,
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 within
the last 2 years as per our current search.
Mortgage Index :
Year(s) in which mortgage registration(s) are filed: 1926
Year(s) in which mortgage satisfaction record(s) are filed: 1997
Yuen Cheuk Wan, director.
Registered residential address: Flat 9, 9/F, Yan Choi House,
Property ownership: Current land
search indicates that the said premises ownership as follows:
- Owner(s) : Yuen Shu Chung & Ho Po Chai
- Date of purchase & consideration : 30-9-1997 / HKD $2.06M
- Date of mortgage & secured amount : 28-10-1997 / HKD $1.86M
- Mortgagee : Bank of
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
Kong A Siou Dyson, director.
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 SC's name was not seen on display.
Premises outside of which another co. name was seen on display:
- Wing Fung Trading Co.Ltd.
The area of the premises is not known as our field reporter could not
gain entrance to the premises.
The outer door of the premises was locked. No one responded to our reporter's calls.
Our reporter inserted our co brochure and questionnaire to the premises
through the space below the door.
So far, we have not yet received any reply.
Our current inquiry reveals that a commercial telephone line (number
852-23421827) is registered under the name of SC.
During the course of our investigation, repeated calls made to the said
telephone no. were connected to a fax machine.
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%)