MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BOAS FURNITURE COMPANY LTD |
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Registered Office : |
Unit A 16fl 88 Commercial Bldg , 28-34 Wing Lok St Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.06.2007 |
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Com. Reg. No.: |
1142207 |
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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 and address
BOAS FURNITURE CO LTD
UNIT A 16FL 88 COMMERCIAL BLDG
28-34 WING LOK ST CENTRAL, HONG KONG.
TEL: 852-25435013 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 18, 2007
REGISTRATION NO. : 1142207
LEGAL FORM : OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE : N/A
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 : NO DATA
RECOMM. CREDIT RANGE : NR
MARKET CONDITION : N/A
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE : HKD 7.78283 = 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*
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(1)
License number : 1142207
Date issued : 18 June, 2007
Issuing authority : Companies Registry
Legal form : Offshore - Private Limited
Type of license : Corporate
(2)
License number : 38084898-000
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Registered capital : HKD 10,000.00 divided into 10,000 shares at HKD 1.00/-each, fully paid
*Reputation*
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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*
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Only Mr. Ji-man Qiu 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 Shareholder*
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Total number of shareholder : 1
Total number of shares : 10,000
Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ----------------- ---------------------------------- ----------------
Mr. Ji-man Qiu 10,000 10,000.00 100.00
*Director's Details*
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Mr. Ji-man Qiu
Founder : Sole Founder
China ID number : 359002196909209X
Address : 36 Sha Kong 2 Rd Biling Village Ping Shan Town Longgang Dist Shenzhen Guangdong China
SC’s management background details are not available at present.
*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 : W & T ACCOUNTANCY & SECRETARIAL SERVICES LTD
Address : Unit A 16Fl 88 Commercial Bldg 28-34 Wing Lok St
Suburb : Central
City : Hong Kong
*Operational Status*
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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:
W & T ACCOUNTANCY & SECRETARIAL SERVICES LTD
SC is not known to
have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
No Data
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Rating Key |
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 is exempt from the provisions of the Income Tax Act and therefore not obliged to disclose their financial statements.
Based on the investigations performed, it has not been possible to prepare a normal credit report on the company. Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity.
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%)