MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
PARK UNION (CHINA) LTD |
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Registered Office : |
Unit P 1fl Mau Lam Commercial Bldg, 16-18 Mau Lam St
Jordan Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 19, 2005 |
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Com. Reg. No.: |
1014615 |
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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 : |
Undetermined |
name & address
PARK UNION (CHINA) LTD
UNIT P 1FL MAU LAM COMMERCIAL BLDG
16-18 MAU LAM ST JORDAN KOWLOON, HONG KONG.
TEL : 852-23120148
FAX : 852-23756513
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 19, 2005
REGISTRATION NO. :
1014615
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE : NR
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.76435 = 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 : 1014615
Date issued : 19
December, 2005
Issuing authority : Companies
Registry
Legal form : Limited
Company
Type of license : Corporate
(2)
License number : 36530164
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 BUTTAR HK LTD can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
E-mail: sudhirseghal@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 10,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
---------------------------
-------------------------------
----------------------------------
---------------
Nobila Kabre 8,000
8,000.00
80.00
Sudhir Sehgal 2,000 2,000.00 20.00
*Director's Details*
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(1)
Nobila Kabre
Overseas passport no. : A1298287
Address
: Immeuble Nana Boureima Rue de la Palestine Ouagadougou 11 Burkina Faso
PO Box
: 1306 Ouagadougou 11
(2)
Sudhir Sehgal
Overseas passport no. : E9688633
Address
: Section 1 H 827 RK Pram New Delhi 110022 India
Email address :
sudhirseghal@hotmail.com
*Company Secretary*
=================
BUTTAR HK LTD
Address : Unit P 1Fl Mau Lam Commercial Bldg 16-18 Mau Lam St Jordan
Kowloon Hong Kong
CR no. : 975326
*Operation Status*
===============
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 : BUTTAR HK LTD
Address : Unit P 1Fl Mau
Lam Commercial Bldg 16-18 Mau Lam St
Suburb : Jordan
City : Kowloon
*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:
BUTTAR HK LTD
SC’s operation details are not available at present.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Date
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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.
*Bank Details*
============
Bank name : HBZ FINANCE LTD
Branch : Kowloon
Although the Subject Business Entity is legally registered, it is
currently only a "shelf company" and maintains no known business
activity. Therefore, it is not possible to apply the normal Credit Rating and
Risk Analysis algorithm.
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%)