MIRA
INFORM REPORT
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Report Date : |
20.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TRENDWIN
ENTERPRISES LTD |
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Registered Office : |
Room No. 2503, 25fl Bank Of |
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Country : |
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Date of Incorporation : |
21.01.2000 |
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Com. Reg. No.: |
701679 |
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Legal Form : |
Offshore
Company - Private Limited |
RATING & COMMENTS
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MIRA’s 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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
NAME & ADDRESS
TRENDWIN ENTERPRISES LTD
RM 2503, 25FL BANK OF
TEL: [+852] 25252141
FAX:
[+852] 28104196
EXECUTIVE SUMMARY
INCORPORATION
DATE : JANUARY 21, 2000
REGISTRATION
NO. : 701679
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.
MARKET
CONDITION : N/A
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : N/A
GENERAL
REPUTATION : N/A
EXCHANGE
RATE : HKD 7.75300 =
USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by
you)
NA - not available
M - million
HKD –
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD 10,000.00
Paid up capital : HKD 2.00 divided into 2 ordinary shares
*Company Registration*
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(1)
License number : 701679
Date issued : 21 January, 2000
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 31001849-000
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Corporate & Organization Structure*
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Corporate Management
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FIDES LTD
Position held : Director
*Office & Facilities*
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Other tel no : 25251249
*Reputation*
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Due to the fact that the subject company:
(i) Does not maintain an
operational office in
(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 the COMMENCE SECRETARIES LTD can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
Email : commence@commencegroup.com
For the past 7 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 1
Total number of ordinary shares : 2
No. of Amount of
Shareholder's Name Ordinary Shares Shares (HKD) % of Shares
-------------------------- ---------------------- ------------------- ----------------
PRIVATE TRUSTEES SA (as Trustee of Trust Sherazade) 2 2.00 100.00
Share Transfer
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Date No. of Share Transferor Transferee
------- ---------------- --------------- ---------------
16 January, 2007 1 COMMENCE SECRETARIES LTD PRIVATE TRUSTEES SA
(as Trustee of Trust Sherazade)
*Operations 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 : COMMENCE SECRETARIES LTD
Address :
2503 Bank Of
Suburb : Central
City
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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
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Mongkok,
Swift code : HSBCHKHH
Although the company is a legally registered business entity, it does not maintain an operational office, nor any employees in this country. Taking into consideration of SC’s operation history and background, we would rate SC as a high credit risk company.
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%)