MIRA
INFORM REPORT
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Report Date : |
22.10.2007 |
IDENTIFICATION DETAILS
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Name : |
LEVACHEM CO LTD |
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Registered Office : |
Unit D 10FL |
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Country : |
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Date of Incorporation : |
August 2, 2002 |
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Com. Reg. No.: |
0808808 |
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Legal Form : |
Private |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
LEVACHEM CO LTD
UNIT D 10FL
WANCHAI,
TEL : 852-27302999
FAX : 852-25271068
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 2, 2002
REGISTRATION NO. :
0808808
LEGAL FORM :
PRIVATE
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 :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.75846 = 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*
===================
(1)
License number : 0808808
Date issued : 2 August,
2002
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 32858518-000
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 ordinary shares at HKD 1.00/-each, fully paid
*Approved Signatures*
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Only Mr. Min-yan Lu can sign on behalf of the company with seal affixed.
*Reputation*
==========
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.
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 shareholders :
4
Total number of ordinary shares : 10,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
---------------------------
-------------------------------
---------------------------------
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Mr. Jun Cai 2,500 2,500.00 25.00
Mr. Min-yan Lu 2,500 2,500.00 25.00
Mr. Kai-yu Luo 2,500 2,500.00 25.00
Mr. Tong-qiu Liu 2,500
2,500.00
25.00
*Directors' Details*
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(1)
Mr. Jun Cai
Address : 80
Guyi Lang Xuanwu Dist
(2)
Mr. Min-yan Lu
Address : Rm
206, 74-1 Dongwangfu Yuan Baixia
Shareholders' Details
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(1)
Mr. Kai-yu Luo
Address :
(2)
Mr. Tong-qiu Liu
Address : Unit
2,
*Company Secretary*
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Address : Unit D 10Fl
CVR no : 850271
SC management details are not available at present.
*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 /
The name of the Corporate Secretarial /
*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 :
Address : Unit D 10Fl
Suburb : Wanchai
City :
*Strategic Partners & Alliances*
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Group name
: LEVACHEM Group
Activities : - Specializes in advanced
fine chemicals and is one of main companies in marketing
manufacturing pharmaceutical
ingredient, dyestuff & pigment
intermediates,
agrochemical intermediates, and other
fine chemical components in
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The group oversees two operating companies and four cooperating
manufacturers that together span a
diversified range of fine chemicals, each
conducting research and development,
manufacturing, sales and service in its field
of expertise worldwide.
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Had achieved its current structure of several separate operating companies
marketing a variety of diversified
pharmaceutical, agrochemical ingredient and
other high technology products.
Manufacturing companies : - XINYUAN FINE CHEMICAL CO LTD
- TIAN MA FINE CHEMICAL CO LTD
- XING NONG
CHEMICAL CO LTD
- LIXIN CHEMICAL CO LTD
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85100 |
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 :
SC was established in 2002. Great caution is required in providing
credit to SC and COD is recommended.
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 SCs 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%)