MIRA
INFORM REPORT
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Report Date : |
07.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHENGYI CO., LTD. |
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Registered Office : |
Unit A, 10/F., Continental Industrial Bldg., No.17 Wang Chiu Road,
Kowloon. |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.3.1999. |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Supply of Raw Materials for Printed Circuit Boards. |
RATING &
COMMENTS
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MIRA’s 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
SHENGYI
CO., LTD.
UNIT A, 10/F., CONTINENTAL INDUSTRIAL BLDG.,
NO.17
WANG CHIU ROAD, KLN., HONG KONG. (AS GIVEN)
TEL: 852 26630850 FAX: 852 26630852
Narrative report:
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its
credit standing.
SC is a private limited co. incorporated under co. file no. 670966 on
29-3-1999.
Details of its incorporation information are shown to be as follows:
Authorized capital: HK $100,000 divided into 100,000 shares HK $1
Paid-up capital: HK $100,000
Shareholders/subscribers (as at 29-3-2007)
Name(s), ID/passport number, nationality & registered address No. of
Shares
* Wong Wing Chung / E827649(1) / Chinese / Flat A, 4/F., Blk.12, 15,000
Beacon Heights, Lung Ping Road, Kln., HK.
* Su Lijuan / G07794123 / Chinese /
85,000
406 Sanhiruzi-Wakou Minami1-8-14 Wakou City,
Saitama, Ken, Japan
------------
100,000
========
Directors (as at 29-3-2007)
Name(s), ID/passport number & nationality Registered address
* Also directors
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
Note: Your given address is SC’s former registered office address.
Its current registered office address is Level 28, Three Pacific Place,
1 Queen's Road East, Hong Kong, which is occupied by Tricon Services Ltd. (SC's
corporate secretary).
It should be noted that the heading address is still SC’s operation
office address.
Change in shares holding:
Date Transferor(s) Transferee(s) No. of shares transferred
14-9-2006 Li
Zhi Su LiJuan 85,000
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil
litigation/winding-up petitions: None in our
database.
Mortgage/charge
record(s): None filed since
its incorporation date.
Wong Wing Chung, director:
- Also currently director of Shengyi SCI Tech (Hong Kong) Co. Ltd.
Credit history check: This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as
defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Su LiJuan, director:
- She was formerly shareholder of Shengyi Tech (Hong Kong) Co. Ltd.
Credit history check: This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as
defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
SC is reportedly engaged in supply of raw materials for printed circuit
boards.
Detailed information regarding its activities is not available.
Jointly occupying the premises with Shengyi SCI Tech (Hong Kong) Co.
Ltd. (SC's affiliate).
SC's affiliate is Shengyi SCI Tech (Hong Kong) Co. Ltd.
A visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a commercial and industrial premise outside of which the
following co. name(s) were seen on display:
- Shengyi SCI Tech (Hong Kong) Co. Ltd.
- SC
The gross area of the premises is estimated at 3,000 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Upon our current contact with a male who identified himself as SC's
staff member, was contacted there. He advised that only SC's principal(s) could
handle outside parties' business enquiries on SC. SC's principal(s) were not in
office by that time.
He had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that a commercial telephone line (number
852-26630850) is registered under the name of SC.
Through the said telephone number, we managed to contact Wong Wing
Chung, SC's director, he disclosed that SC is engaged in supply of the raw
materials for printed circuit boards; However, he refused disclosing any
further information on SC.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
Partial registration information regarding Shengyi SCI Tech (Hong Kong)
Co. Ltd. is as follows:
- Date of incorporation: 14-9-2006
- Authorized capital: HK $3.18M = 3.18M shares @ HK $1.-
- Paid-up capital: HK $3.18M
Shareholders (as at 14-9-2007) / no. of shares
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- Guangdong Shengyi Sci Tech Co. Ltd. / 3,180,000
Directors (as at 14-9-2007)
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- Wong Wing Chung
- Liu Shufeng
- He Zi Qiang
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%)