MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN GLORY WORLD CO LTD |
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Registered Office : |
Rm 1103A 11FL Cheung Sha Wan Plaza - Tower 2 833 Cheung
Sha, Wan Rd |
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Country : |
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Date of Incorporation : |
July 10, 1998 |
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Com. Reg. No.: |
649299 |
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Legal Form : |
Offshore Company - Private Limited |
RATING & COMMENTS
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MIRAs 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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
GOLDEN GLORY WORLD CO LTD
RM
WAN RD
TEL : [+852] 26120121
FAX : [+852] 26120130
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 10, 1998
REGISTRATION NO. :
649299
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. MING-HSUN YANG (COMPANY DIRECTOR)
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 :
AVERAGE
EXCHANGE RATE :
HKD 7.75043 = 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*
=============
Authorized capital : HKD 10,000.00 divided into 10,000
ordinary shares of HKD 1.00/-each, fully paid
*Company Registration*
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(1)
License number :
649299
Date issued
: 10 July, 1998
Issuing authority :
Companies Registry
Legal form
: Offshore Company - Private Limited
Type of license :
Corporate License
(2)
License number :
21773547
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business License
*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.
*Approved Signatures*
=================
Only VNET PROFESSIONAL SECRETARIAL LTD 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 9 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 10,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
--------------------------- ------------------------------ ------------------------------- --------------
Mr. Ming-hsun Yang 6,000 6,000.00 60.00
Mr. Chin-yu Yang 4,000 4,000.00 40.00
*Directors' Details*
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(1)
Mr. Chin-yu Yang
Address : 1Fl Hing Wan Commercial Bldg - Flat 1,
(2)
Mr. Ming-hsun Yang
Address
: 1Fl Hing Wan Commercial Bldg - Flat 1,
(3)
Mr. Chin-yuan Yang
Address
: 1Fl Hing Wan Commercial Bldg - Flat 1,
*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 : VNET PROFESSIONAL SECRETARIAL LTD
Address :
Rm
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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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
Although the company is a legally registered business entity, it does not maintain an operational office. Hence we are unable to make a credit limit recommendation at the moment.
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%)