MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
AMSCO FINANCE LTD |
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Registered Office : |
Level 28 Three Pacific Place 1 Queen's Rd East |
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Country : |
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Date of Incorporation : |
May 23, 2003 |
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Com. Reg. No.: |
847769 |
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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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
name &
address
AMSCO FINANCE LTD
LEVEL
TEL : [+852] 29801888
FAX : [+852] 28610285
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 23, 2003
REGISTRATION NO. :
847769
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. CHEE-KEE CHIN (COMPANY DIRECTOR)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 127,877
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 :
N/A
EXCHANGE RATE :
HKD 7.79374 = USD1 AS OF
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 1,000,000.00 divided into 1,000,000
ordinary shares of HKD 1.00/-each, fully paid
*Company Registration*
==================
(1)
License number :
847769
Date issued
: 23 May, 2003
Issuing authority :
Companies Registry
Type of license :
Corporate license
(2)
License number :
33644380-000
Issuing authority
: Business Registration Office - Inland Revenue Dept
Type of license
: Business license
*Office & Facilities*
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Other Contact Details
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Tel no : 22893222
Fax no : 28909262
Note: The most recent registered address as listed in
official government documents is at Level 28 Three Pacific Place 1 Queen's Rd
East,
*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*
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Only Mr. Hak-bin Chung can sign on behalf of the company
with seal affixed.
*Company Secretary*
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STRATH NOMINEES LTD
Address : Level 28 Three Pacific Place 1 Queen's Rd East,
CVR no : 4873
SC is not known to host website of its own at present.
For the past 4 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 1,000,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- ------------------------------- --------------------------------- ----------------
AMSCO HOLDINGS PTE LTD 999,999 999,999.00 99.99
Mr. Hak-bin Chung 1 1.00 0.01
*Directors' Details*
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(1)
Mr. Chee-kee Chin
Address : Taman
(2)
Mr. Hak-bin Chung
Address : 3 Li Hwan View, 556894
*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 : TRICOR SERVICES LTD
Address :
Level 28 Three Pacific Place 1 Queen's Rd East
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 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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Maintains an account in DEUTSCHE BANK in
AS SC does not maintain an operational office and is not
engaged in direct business. Taking into consideration of SC’s development history,
background and operation size, 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%)