MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
WINCHEM INDUSTRY LTD |
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Registered Office : |
Mbj 2190 Rm 1007, 10fl Ho King Center |
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Country : |
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Date of Incorporation : |
November 10, 2004 |
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Com. Reg. No.: |
0932670 |
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Legal Form : |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRAs 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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
WINCHEM INDUSTRY LTD
MBJ 2190 RM 1007, 10FL HO KING CENTER 2-16 FA YUEN ST MONGKOK
KOWLOON,
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 10, 2004
REGISTRATION NO. :
0932670
CHIEF EXECUTIVE :
MR. WEN-QI ZHANG (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,280
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
FAIR
EXCHNAGE RATE :
HKD 7.81931 = US$1 AS OF 2007-5-29
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
===================
(1)
License number : 0932670
Date issued : 10
November, 2004
Issuing authority : Companies
Registry
(2)
License number : 35073244
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Registrar*
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HKRTP LTD
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
of HKD 1.00/-each, fully paid
*Reputation*
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Due to the lack of any third party references, We were unable to
establish the level of the firm's reputation within the respective industry.
*Approved Signatures*
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Only Mr. Wen-qi Zhang can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares : 10,000
Shareholder's Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------
--------------------------------
---------------------------------
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Wen-qi Zhang
10,000
10,000.00
100.00
*Director's Details*
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Wen-qi Zhang
Founder : Sole
Founder
Passport no. : G02765042
Address : Rm 423
Jinshangyu Bldg
Responsibilities : Handles the overall management of the company.
*Corporate Secretary*
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HKRTP LTD
Cr no. : 663489
Address : Rm 1007, 10Fl
*Key Personnel*
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Wen-qi Zhang
Founder : Sole
Founder
Passport no. : G02765042
Address : Rm 423
Jinshangyu Bldg
Responsibilities : Handles the
overall management of the company.
*Operations Status*
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The
nature and extent of the company's operations could not be determined and it
could not be confirmed whether the company operates from the Registered Office
address or in another location.
BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN POSSIBLE TO
PREPARE A
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
As a privately owned company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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 SCs 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%)