MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ART MAX INT'L LTD |
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Registered Office : |
Room 1210, |
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Country : |
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Date of Incorporation : |
January 3, 2006 |
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Com. Reg. No.: |
1016861 |
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Legal Form : |
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Line of Business : |
Trading of greetings card, children's books, and other printed
products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
ART MAX INT'L LTD
ROOM 1210,
HUNG HOM,
TEL : 852 29790226
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 3, 2006
REGISTRATION NO. :
1016861
CHIEF EXECUTIVE :
MR. TIN-CHO TSUI
STAFF STRENGTH :
3 (
CAPITAL :
US$ 1,279
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 :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7. 75036 = 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 –
*Company Registration*
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License number : 1016861
Date issued : 3 January,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 36481579-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00
divided into 1 ordinary share
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 share : 1
Shareholder's Name No. of
Ordinary Share Amount of Shares
(HKD) % of Shares
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Mr. Tin-cho Tsui 1 1.00 100.00
Note: On 28 February, 2006, all share of GNL06 LTD was transferred to
Mr. Tin-cho Tsui.
*Director's Details*
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Mr. Tin-cho Tsui
Address : Rm 2201
The Metropolis Inland Lot 11077 Hunghom Kowloon
China ID card no. : 310107195112135037
*Company Secretary*
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LOUIS LAI COMPANY SECRETARIAL SERVICES LTD
CR no. : 686503
Address : 9Fl Surson Commercial
Bldg
*Operations Status*
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We contacted Mr. Alex Chan via the telephone
number provided and he recognized the name "ART MAX INT'L LTD".
He released that their company is mainly
engaged in trading of greetings card, children's books, and other printed
products, and now their business is mainly operated by its related companies in
China Mainland. But he refused to release the names of the companies. and the
relationship among them.
He also released that SC sources its
materials 100% from China Mainland. And it sells 100% of its products to
overseas market, mainly
Mr. Alex Chan also said SC has 3 staff
members in Hong Kong, about 20 staff members in
According to the given mobile
number, we contacted Mr. Gary Rana, and he released
the following information:
He said that Art Max International Ltd. is a
branch of Stone Sapphire Ltd. And he is in
We also find some information about the
Address:
Tel: 021-63803673
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC was established in
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%)