MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
POWERFUL (HK) LTD |
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Registered Office : |
Unit P 1FL Mau Lam Commercial Bldg |
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Country : |
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Date of Incorporation : |
July 11, 2006 |
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Com. Reg. No.: |
1058347 |
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Legal Form : |
Offshore Company - Private Limited |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
POWERFUL (HK) LTD
UNIT P 1FL MAU LAM COMMERCIAL BLDG 16-18 MAU LAM ST
TEL: [+852] 23120148
FAX: [+852]
23756513
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 11, 2006
REGISTRATION NO. :
1058347
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. HAO CHENG (CHAIRMAN)
STAFF STRENGTH :
N/A
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 :
NR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78933 = 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*
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Authorized capital : HKD 10,000.00 divided into 10,000
ordinary shares at HKD 1.00/-each, fully paid
*Company Registration*
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(1)
License number :
1058347
Date issued
: 11 July, 2006
Issuing authority :
Companies Registry
Legal form
: Private Limited Company
Type of license :
Corporate
(2)
License number :
37037010-000
Date issued
: N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*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 1 year there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders :
2
Total number ordinary of shares : 10,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
-------------------------- ------------------------------ ---------------------------------- ----------------
Hao Cheng 9,000 9,000.00 90.00
Kai-feng Gu 1,000 1,000.00 10.00
*Director's Details*
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Kai-feng Gu
Address
:
*Key Personnel*
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Hao Cheng
Address
: Rm 301,
*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 : BUTTAR HK LTD
Address :
Unit P 1Fl Mau Lam Commercial Bldg
Suburb :
City
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*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : GUANGZHOU BAIRUI MEDICINE CO LTD
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Medical Equipment & Pharmaceutical
Address: 2/F,
SC is known to have approx. 10 staff members at
present.
Our checks
reveal that SC owns the total premise about 200 square meters.
SC is mainly engaged in selling chemical raw-material medicine.
SC sources its merchandises 90% from the overseas market and 10% from
domestic market. SC sells 100% of its merchandises in domestic market.
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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Bank name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Account no. :
817-054844-095
Branch : 4Fl,
Swift code :
HSBCHKHH
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 fairly 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%)