MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
NEWPORT INVESTMENTS LTD |
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Registered Office : |
Flat 7A The |
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Country : |
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Date of Incorporation : |
February 14, 2006 |
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Com. Reg. No.: |
1024128 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Operates as a buying agent for iron ores and copper ores. |
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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Maximum Credit Limit : |
Up To USD 1,500 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
NEWPORT INVESTMENTS LTD
FLAT
TEL : 852-25553789
FAX : 852-25553787
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 14, 2006
REGISTRATION NO. :
1024128
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78923 = 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 –
Note: Instead of the given address, SC’s address should be the above
stated one.
*Company History*
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23 February, 2006 - FIDES LTD
transferred its shareholdings to Da-kai Wang.
*Company Registration*
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(1)
License number : 1024128
Date issued : 14
February, 2006
Issuing authority : Companies
Registry
Legal form : Private
Company Having a Share Capital
Type of license : Corporate
(2)
License number : 36443529-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid
*Registrar*
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COMMENCE SECRETARIES LTD
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only 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.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
3
Total number of ordinary shares : 10,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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Mr. Da-kai Wang 5,334 5,334.00 53.34
Mr X. Li Sinclair
2,333
2,333.00 23.33
Mr. Di-an Zhou
2,333
2,333.00 23.33
*Directors' Details*
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The following directors can be reached at Flat 7AThe Grantham Hospital
Senior Staff Quarters 125 Wong Chuk Hang Rd Hong Kong :
(1)
Da-kai Wang
National ID number : P221013(8)
(2)
William Paytun Wang
National ID number : P046563(5)
Email :
epwang@netvigator.com
Shareholders' Details
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(1)
X. Li Sinclair
Address : Flat G 22Fl
(2)
Dian Zhou
Address :
*Company Secretary*
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William Paytun Wang
National ID number : P046563(5)
Address : Flat
7AThe
Hong Kong
Email :
epwang@netvigator.com
Date of appointment : 19 March, 2007
SC declined to release its management details at present.
*Main Products & Services*
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Operates as a buying agent for iron ores and copper ores.
Products: Buying agent
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 46
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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.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into USD 1,500 at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 5052 Coal
& Other Minerals & Ores
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc
repairs
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%)