MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
OVERSEA-CHINESE BANKING CORP LTD |
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Registered Office : |
9FL The Galleria 9 Queen's Rd Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
31.08.1984 |
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Com. Reg. No.: |
F0000036 |
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Legal Form : |
Branch Office of Overseas Company |
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Line of Business : |
Engaged in Providing Banking Services |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name and address of the company
OVERSEA-CHINESE
BANKING CORP LTD
9FL THE GALLERIA 9 QUEEN'S RD
CENTRAL, HONG KONG.
TEL: 852-28682086 FAX: 852-28453439
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 31, 1984
REGISTRATION NO. :
F0000036
LEGAL FORM :
BRANCH OFFICE OF OVERSEAS COMPANY
CHIEF EXECUTIVE :
MR. ALEX KIN-SANG CHEUNG (GENERAL MANAGER)
STAFF STRENGTH :
75
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81182 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
==================
(1)
License number : F0000036
Date issued : 31 August, 1984
Issuing authority : Companies
Registry
Type of license :
Corporate
(2)
License number : 00010558-005
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Previous address : 49/51 Bonham Strand West
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
==================
Only Mr. Alex Kin-sang Cheung can sign on behalf of the company with
seal affixed.
www.ocbc.com
the website belongs to “OCBCORP Group”. The design is professional and the
content is well organized. At present it is in English version.
E-mail: cheungalex@ocbc.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: N/A
Shareholders Number
Amount %
--------------- ---------- --------- ------
OVERSEA-CHINESE BANKING CORP LTD
n/a n/a 100.00
*Director's Details*
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(1)
Choong-kong Cheong
Passport no. :
S1842638B
Address :
11-A Queens Astrid Park, 266802 Singapore
(2)
David Philbrick Conner
Passport no. :
S2713596Z
Address :
Grange Residence 93 Grange Rd #18-07, 249614 Singapore
(3)
David Cheong-fook Wong
Passport no. :
S0153780F
Address : 14
Joan Rd, 298892 Singapore
Date of appointment : 1 August, 1999
(4)
Nang-jang Wong
Passport no. :
S0388008G
Address :
Palm Spring20 ewe Boon Rd #01-08, 259344 Singapore
Management: Mr. Alex Kin-sang Cheung, General Manager
Name Nationality
Job Description
Mr. Alex Kin-sang Cheung Hong
Kong General Manager
*Key Personnel*
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Alex Kin-sang Cheung
Email
: cheungalex@ocbc.com
*Main Products & Services*
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Engaged in providing banking services.
Products: Banking
Banking
remittances
Banks
Clearing
operations
Commercial
banking
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : EASTERN
HOLDINGS LTD
Address :
28Fl Three Pacific Place 1 Queen's Rd East Hong Kong Hong Kong
Country :
Hong Kong
Relationship : Subsidiary
Legal Form :
Offshore Company - Private Limited
Industry :
Not Applicable - Tax Haven Entity
Company Name :
OVERSEA-CHINESE BANKING CORP LTD
Address :
2Fl Charn Issara Tower 942 Rama IV Rd Bangkok 10500 Thailand
Country : Thailand
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Financial Services - General
*Strategic Partners & Alliances*
=========================
Group name : OCBC Group
Details : - One of Asia's leading financial
services groups and one of the largest financial institutions in the combined
Singapore-Malaysia market with total assets of
SGD 170 billion.
- With an
extensive network of over 460 branches and representative offices in 15
countries and territories including Singapore, Malaysia, Indonesia, Thailand,
Vietnam, China, Hong Kong SAR, Taiwan, Brunei, Myanmar, Japan, Korea,
Australia, UK and USA.
- With
more than 350 branches and offices in Indonesia operated by OCBC Bank's
subsidiary, BANK NISP PT.
PAYMENT RATING : 3 OBTAINED SCORES :
65
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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.
Dealings on open terms may be possible for MODERATE amounts depending
on individual judgement experience.
As a privately-owned company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered medium-sized in its line with a long history. Credit in the range of moderate amount
can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 6000 Depository
Institutions
Service 6011 Federal
Reserve Banks
Service 6021 National
Commercial Banks
Service 6029 Commercial
Banks, NEC
Service 6082 Foreign
Trade/Int'l Banks
Service 6099 Depository
Bank Functions, NEC
Service 6162 Mortgage
Banker/Loan Officers
Service 6712 Bank
Holding Cos Offices
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9936 Commercial
banks/financing
Service 9937 Foreign
trade & international banks
Service 9975 Loan
services
Service 9976 Currency
exchange
Service 9977 Forfating,
factoring & other int'l finance services
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Service Investment
banking
Service Clearing
operations
Service Trade
finance
Service Loans
Service Loans &
advances
Service Deposits
Service Banking
remittances
Service Foreign
exchange
Service Money market
Service Nominee
services
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%)