MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
VOGTEC (HK) CO LTD |
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Registered Office : |
Unit D 11FL Seabright Plaza 9-23 Shell St, North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
November 29, 2005 |
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Com. Reg. No.: |
1010843 |
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Legal Form : |
Offshore Company - Private Limited |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
VOGTEC (HK) CO LTD
UNIT D 11FL SEABRIGHT PLAZA 9-23 SHELL ST
NORTH POINT, HONG KONG
TEL : 852-25030199
FAX : 852-22345811
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 29, 2005
REGISTRATION NO. :
1010843
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. YONG-DONG LIU (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
NOT APPLICABLE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.75018 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
===================
(1)
License number : 1010843
Date issued : 29
November, 2005
Issuing authority : Companies
Registry
Legal form : Limited
Company
Type of license : Corporate
(2)
License number : 36246858
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*Reputation*
===========
Due to the fact that the subject company:
(i) Does not maintain an operational
office in Hong Kong; and
(ii) There is no knowledge or public record of overseas business
activities
It has not been possible to ascertain the reputation of the company.
*Approved Signatures*
===================
Only Mr. Yong-dong Liu 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*
================
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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Yong-dong Liu 10,000 10,000.00 100.00
*Company Secretary*
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K & S SECRETARIAL LTD
Address : Rm 1201, 12Fl AT Tower 180 Electric Rd North Point Hong Kong
CR no. : 650987
*Key Personnel*
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Yong-dong Liu
China ID no. :
512921197006030978
Overseas passport no. : G04619987
Addresses : - Door 5 Yi 105 Siliu Rd
South Sifang Dist Qingdao Shandong China
- 2-29 A Junyouyuan Huangpuyayuan Fuzhong Rd Futian Dist Shenzhen
Guangdong
China
*Operation Status*
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Although the company is a legally registered business entity, it does
not maintain an Operational office, nor any employees in this country, but
rather employs the services of a local firm engaged in corporate secretarial
management services to "maintain" company licenses on behalf of
owners who are located overseas.
The management services usually involves registering the office address
as the same one used by the firm employed to "maintain" the license,
as well as receive any mail address to the company, forward any mail to the
owners, attend to license renewals, corporate levies and related issues.
The local firm employed to perform maintenance for this company is:
Company name : HKCT REGISTRATIONS LTD
Address : Unit D, 11Fl
Seabright Plaza 9-23 Shell St
Suburb : North
Point
City : Hong
Kong
*OPERATIONAL STATUS*
=====================
The Subject Business Entity does NOT maintain an operational office at
the address listed above. The office located at the address above (including
telephone and fax numbers) is operated and managed by a firm specializing in
Corporate Secretarial / Business Center services. Based on telephone
discussions with the management of the Corporate Secretarial / Business Center
firm, it manages the annual legal corporate license renewals and related
matters on behalf of the Subject Business Entity. There is no known operational
office for the Subject Business Entity in the country listed above.
The name of the Corporate Secretarial / Business Center firm is:
HKCT REGISTRATIONS LTD
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85–100 |
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.
Under Hong Kong corporate law, the Subject Company, which is an offshore
entity, is exempt from the provisions of the Income Tax Act and therefore not
obliged to disclose their financial statements.
SC was established in 2005 as an offshore entity, and its credit has not
been established yet. Credit dealings with SC should be confined into COD at
present.
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. |
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%)