MIRA
INFORM REPORT
|
Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
FUNG LEE INT'L LTD |
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Registered Office : |
Unit 309, 3fl Tcl Tower 8 Tai Chung Rd Tsuen Wan New Territories |
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Country : |
Hong Kong |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
FUNG
LEE INT'L LTD
UNIT 309, 3FL TCL TOWER 8 TAI CHUNG RD
TSUEN WAN NEW TERRITORIES, HONG KONG
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:
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.
*Company Registration*
==================
(1)
License number : 0785832
Date issued : 8 February, 2002
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 32538689-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD
10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid
*Approved Signatures*
===================
Mr. Wai-ming Chan can sign on behalf of the company with seal affixed.
*Registrar*
=========
FTW CORPORATE SERVICES LTD
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*
================
Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Number
Amount (HKD) %
-------------------- ------------ ----------------- -------
Mr. Dirk Hutte 5,000.00 5,000.00 50.00
Mr. Wai-ming Chan 5,000.00
5,000.00 50.00
*Company Secretary*
=================
Name :
Mr. Wai-ming Chan
Nationality :
Hong Kong
ID/Passport No. :
D543463(8)
Registered Address : Flat
2904 Block Q Luk Yeung Sun Chuen, Tsuen Wan, New Territories
Country of Residence : Hong
Kong
*Company Directors*
================
Name :
Mr. Dirk Hutte
Nationality :
Germany
ID/Passport No. :
5704122036
Registered Address :
Hakemicke Strasse 39
Country of Residence : Germany
*Operations Status*
===============
No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The
nature and extent of the company's operations could not be determined and it
could not be confirmed whether the company operates from the Registered Office
address or in another location.
SC is not known to
have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
No Data
|
Implication |
Implications |
|
|
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.
*Bank Details*
===========
Bank Name: INDUSTRIAL & COMMERCIAL BANK OF CHINA (ASIA) LTD
Branch: Central, Hong Kong
Branch Address: 122-126 Queen's Rd
SWIFT Code: UBHKHKHH
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
|
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 |
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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 |
|
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 |
|
<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%)