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MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
SKYTON (ASIA) LTD |
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Registered Office : |
13 Fl, Chun Wo Commercial Centre, 23-29 Wing wo Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
12.09.2006 |
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Legal Form : |
Offshore Company Private Limited |
RATING &
COMMENTS
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MIRAs 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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name and Address
SKYTON (ASIA) LTD
13FL CHUN WO COMMERCIAL CENTRE
23-29 WING WO ST CENTRAL, HONG
KONG.(AS GIVEN)
TEL: N/A FAX: N/A
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:
Information obtained is insufficient for compiling a standard report.
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.
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*Company Registration*
==================
(1)
License number : 1073514
Date issued : 12 September, 2006
Issuing authority : Companies Registry
Legal form : Offshore Company - Private Limited
Type of license : Corporate
(2)
License number : 37860429-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Nominal capital: HKD 10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid
*Reputation*
==========
Due to the fact that the subject company:
(i) Does not maintain an operational office in Hong Kong; and
(ii) There is no knowledge or public record of overseas business activities
It has not been possible to ascertain the reputation of the company.
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SC is not known to host website of
its own at present.
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : 10,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares
--------------------------- --------------- -------------------------------- ----------------
SINCERE NOMINEES LTD 9,000 9,000.00 90.00
Ashish Gupta 1,000 1,000.00 10.00
Share transfer:
Date No of Shares Transferror(s) Transferree(s)
-------- ------------------- -------------------- ---------------------
24 April, 2007 1 CARTECH LTD Ashish Gupta
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SC declined to release its management background at present.
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*OPERATIONAL STATUS*
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The Subject Business Entity does NOT maintain an operational office at the address listed above. The office located at the address above (including telephone and fax numbers) is operated and managed by a firm specializing in Corporate Secretarial / Business Center services. Based on telephone discussions with the management of the Corporate Secretarial / Business Center firm, it manages the annual legal corporate license renewals and related matters on behalf of the Subject Business Entity. There is no known operational office for the Subject Business Entity in the country listed above.
The name of the Corporate Secretarial / Business Center firm is:
SINCERE SECRETARIES LTD
*Operation Status*
==============
Although the Subject Company is a legally registered 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" their license on behalf of the 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 mail to owners, attend to license renewals, corporate levies and related issues.
Company Name : SINCERE SECRETARIES LTD
Address : 13Fl Chun Wo Commercial Centre 23-29 Wing Wo St
Suburb : Central
City : Hong Kong
Tel : 852-25456525
Fax : 852-28540460
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SC is not known to
have any subsidiary at present.
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PAYMENT RATING :
NR OBTAINED SCORES : No Data
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Rating Key |
Implication |
Implications |
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1 |
Scores 85100 |
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.
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Under Hong Kong corporate law, the Subject Company, is exempt from the provisions of the Income Tax Act and therefore not obliged to disclose their financial statements.
*Bank Details*
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Bank Name : COMMERZBANK AG
Branch : Central, Hong Kong
Branch Address : 21Fl Hong Kong Club Bldg 3A Chater Rd Central Hong Kong (Head Office)
SWIFT Code : COBAHKHX
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Based on the investigations performed, it has not been possible to prepare a normal credit report on the company. Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity.
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 SCs 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%)