MIRA
INFORM REPORT
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Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG EN HUA INT'L GROUP LTD |
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Registered Office : |
Unit B 11FL Eton Bldg 288 Des Voeux Rd
Central |
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Country : |
Hong Kong |
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Line of Business : |
Specializing in Corporate Secretarial / Business Center Services. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
HONG
KONG EN HUA INT'L GROUP LTD
UNIT B 11FL ETON BLDG
288 DES VOEUX RD 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:
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 : 0897067
Date issued :
23 April, 2004
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 34501020-000
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
*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.
*Approved Signatures*
=================
VOLITATION INT'L BUSINESS CONSULT (HK) LTD can sign on behalf of the
company with seal affixed.
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: 3
Total number of shares: 10,000
Shareholders Number
Amount (HKD) %
------------------- ---------- ------------------- ------
Mr. Biao Deng 6,200.00 6,200.00 62.00
Mr. Shui-ying Chen 2,800.00
2,800.00 28.00
Mr. Yan Dai 1,000.00 1,000.00 10.00
*Directors' Details*
==============
Shareholders' Details
-----------------------------
Mr. Yan Dai
Address : 37-106 Mituo Temple Lane Zhenjiang Jiangsu China
*Company Directors*
================
1
Name :
Mr. Biao Deng
Nationality :
China
ID/Passport No. : China
321102196910170430
Registered Address : 37-106
Mituo Temple Lane, Zhenjiang, Jiangsu
Country of Residence : China
2
Name : Mr.
Shui-ying Chen
Nationality :
China
ID/Passport No. : China
321102196910170430
Registered Address : 37-106
Mituo Temple Lane, Zhenjiang, Jiangsu
Country of Residence : China
*OPERATIONAL STATUS*
======================
The Subject Business Entity does NOT maintain an operational office at
the address listed above. The office located at the address above 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:
VOLITATION INT'L BUSINESS
CONSULT (HK) LTD
Address: Unit B 11Fl Eton Bldg 288 Des Voeux Rd Central, Hong Kong
TEL: 852-25819036
FAX: 852-25819739
*Operations Status*
==============
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 : VOLITATION INT'L BUSINESS CONSULT (HK) LTD
SC is not known to have any subsidiary at
present.
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 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.
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 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%)