MIRA INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ETCETERA LTD |
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Registered Office : |
RZM 11A 1 Fl New Henry House , 10 Ice House St Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.01.2001 |
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Com. Reg. No.: |
0745451 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Providing Architectural, Engineering and Advertising Consultancy
Services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
ETCETERA LTD
RM 11A 1FL NEW HENRY HOUSE
10 ICE HOUSE ST CENTRAL, HONG KONG
TEL: 852-31060610 FAX: 852-31060620
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 29, 2001
REGISTRATION NO. :
0745451
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. EDMOND TSE-AN CHIN (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,700,384
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80197 = 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*
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(1)
License number : 0745451
Date issued : 29
January, 2001
Issuing authority : Companies
Registry
Legal form : Private
Limited Company
Type of license : Corporate
(2)
License number : 31560710-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Authorized capital : HKD 13,280,000.00
Paid-up capital : HKD
12,500,000 divided into the following shares :
- 2,000 ordinary shares at HKD 10.00/-each
- 1,248 preference shares at HKD 10,000.00/-each
*Approved Signatures*
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Only Fremenda Kam-yung Wong can sign 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*
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Total number of shareholders: 4
Total number of shares: 3,248
Shareholders Country Number Amount (HKD) %
BOGHOSSIAN SA Switzerland 1,248.00
12,480,000.00 99.84
Mr. Edmond Tse-an Chin Hong Kong 1,400.00
14,000.00 0.11
Ms. Daphne Duen-lai Kan Hong Kong 300.00
3,000.00 0.02
Ms. Fremenda Kam-yung Wong Hong Kong 300.00 3,000.00 0.02
*Company Secretary*
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DEODAND (SERVICES) LTD
CR number : 54684
Address : Rm 3501, 35Fl
Gloucester Tower The Landmark 11 Pedder St, Central, Hong Kong
*COMPANY DIRECTORS*
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1
Name : Mr. Edmond Tse-an Chin
Nationality : Hong Kong
ID/Passport No. : P915575(2)
Registered Address : Flat B 5Fl Bel Mount Garden 15 Arbuthnot Rd,
Central, Hong Kong
Country of Residence : Hong Kong
2
Name : Ms. Daphne Duen-lai Kan
Nationality : Hong Kong
ID/Passport No. : P915575(2)
Registered Address : Flat B 11, 6Fl Po Shan Mansion 12 Po Shan Rd
Midlevels
Country of Residence : Hong Kong
3
Name : Ms. Fremenda Kam-yung Wong
Nationality : Hong Kong
ID/Passport No. : P915575(2)
Registered Address : Flat E 27Fl Block 27 Park Island Ma Wan, New
Territories
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in providing architectural, engineering and advertising
consultancy services.
Products: Advertising consultancy
Advertising
designs
Advertising
materials
Architectural
consultancy
Consultancy
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
53
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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 SMALL
amounts depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 7
years.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7312 Outdoor Advertising
Svcs
Service 7319 Advertising,
NEC
Service 8742 Mgt
Consulting Svcs
Service 8748 Business
Consulting Svcs, NEC
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4911100080 Trade
advertising material, printed
Service 9875 Management consulting services
Service 9878 Business
development/consulting
Service 9902 Outdoor
advertising services
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Service Advertising
materials
Service Consultancy
Service Interior
decoration
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.34 |
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%)