MIRA INFORM REPORT

 

 

 

Report Date :

10.12.2008

 

IDENTIFICATION DETAILS

 

Name :

PCR  LTD.

 

 

Registered Office :

2/F., Horizon Plaza, 2 Lee Wing Street, Ap Lei Chau

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

07.09. 2001

 

 

Com. Reg. No.:

32367507

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Retailer of All kinds of Antique and Antique Furniture

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name of the company

 

PCR  LTD.

(Trading as SHAMBALA and CAFÉ PIATTI)

 

 

ADDRESS

 

2/F., Horizon Plaza, 2 Lee Wing Street, Ap Lei Chau, Hong Kong.

 

PHONE:            2552 2475

FAX:                 2552 2497

E-MAIL:            pcr@pcr.com.hk

 

 

MANAGEMENT

 

Chief Operating Officer:  Ms. Chung Wai Ching, Alice

 

 

SUMMARY

 

Incorporated on:             7th September, 2001.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$1,000.00

Issued:              HK$1,000.00

 

Business Category:        Importer, Exporter and Retailer.

 

Employees:                   4.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

 

ADDRESS

 

Registered Head Office & Showroom:-

2/F., Horizon Plaza, 2 Lee Wing Street, Ap Lei Chau, Hong Kong.

 

Holding Company:-

Mareloro Investments Ltd., Samoa.

 

Operating Companies:-

Café Piatti, Hong Kong.

Shambala, Hong Kong.

 

Affiliated Company:-

Pacific Century Resources Ltd., Hong Kong.  [Dissolved]

 

 

BUSINESS REGISTRATION NUMBER

 

32367507

 

 

COMPANY FILE NUMBER

 

769452

 

 

MANAGEMENT

 

Chief Operating Officer:  Ms. Chung Wai Ching, Alice

Assistant General Manager:  Mr. Andy Yung

 

 

CAPITAL

 

Nominal Share Capital: HK$1,000.00 (Divided into 100 shares of HK$10.00 each)

 

Issued Share Capital: HK$1,000.00

 

 

SHAREHOLDER

(As per registry dated 07-09-2008)

 

Name

 

No. of shares

Mareloro Investments Ltd.

Level 1, Central Bank Building, Beach Road, Apia, Samoa.

 

100

===

 

DIRECTORS  

(As per registry dated 07-09-2008)

 

Name

Address

Co. No.

Heng Yang Ltd.

23/F., Tung Hip Commercial Building, 244 Des Voeux Road Central, Hong Kong.

 

572047

Mareloro Investments Ltd.

Level 1, Central Bank Building, Beach Road, Apia, Samoa.

-

 

 

SECRETARY 

(As per registry dated 07-09-2008)

 

Name

Address

Co. No.

WBC Secretaries Ltd.

1902, MassMutual Tower, 38 Gloucester Road, Wanchai, Hong Kong.

18669

 

 

HISTORY

 

The subject was incorporated on 7th September, 2001 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Pacific Crown Resources Ltd., name changed to the present style on 15th October, 2002.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Retailer.

 

Lines:                           All kinds of antique and antique furniture.

 

Employees:                   4.

 

Commodities Imported:   China, India, etc.

 

Markets:                       Hong Kong, Southeast Asia, etc.

 

Terms/Sales:                 COD or as per contracted.

 

Terms/Buying:                L/C.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital: HK$1,000.00 (Divided into 100 shares of HK$10.00 each)

 

Issued Share Capital:     HK$1,000.00

 

Profit & Loss:                Just making a small profit.

 

Condition:                      Business is fairly active.

 

Facilities:                      Adequate for current running.

 

Payment:                      Met as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Normal.

 

 

GENERAL

 

PCR Ltd. is a wholly-owned subsidiary of Mareloro Investments Ltd., a Samoa-registered firm.

The subject is trading in Chinese antique furniture.

The subject is importing and exporting antique furniture especially from China.  It has had a 25,000 sq.ft. showroom in Hong Kong and a 300,000 sq.ft. workshop in China.  The subject is stocking over 10,000 pieces of refinished antiques which are available at any time.  The lead time of a selected furniture is within 2 weeks after confirmation of order.

The subject is trading in the following antique products: collectible tools, batons, books, carpet and rugs, clocks, dinnerware, furniture, glassware, silverware, swards, timepieces, watches and clocks, ceramic products, brass products, etc.

Commodities are imported from China, especially from Tibet.

The subject’s business is chiefly operated by Ms. Alice Chung who is a Hongkongnese.  Business is fairly active.

On the whole, consider the subject good for normal business engagements.

 

COURT CASES:            None per our.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.12

UK Pound

1

Rs.72.59

Euro

1

Rs.63.52

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions