%20LTD%2012-Mar-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
12.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TARA (HONG KONG) LTD |
|
|
|
|
Registered Office : |
Level 21 A Tak Lee Commercial Bldg 113-117 Wanchai Rd Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
10.11.2006 |
|
|
|
|
Com. Reg. No.: |
1086640 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Specializes in Trading of Motorboats and Vessels. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
New and Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
TARA
(HONG KONG) LTD
LEVEL 21 A TAK LEE COMMERCIAL BLDG
113-117 WANCHAI RD HUNGHOM KOWLOON, HONG
KONG.
TEL: 852-28384979 FAX: 852-28384734
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 10, 2006
REGISTRATION NO. :
1086640
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MICHAEL J. TARRANT (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78997 = 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
%20LTD%2012-Mar-2008_files/image003.gif){kind=small}
Registered Legal Address: Unit 813 Hunghom Commercial Centre Block A 39
Ma Tau Wai Rd Hunghom Kowloon
*Company Name*
=============
Incorporated as : BEST
PROFIT MANAGEMENT LTD
Date of incorporation : 10
November, 2006
Changed name to : TARA
(HONG KONG) LTD
Date of change : 28
November, 2006
*Office & Facilities*
================
Other websites : sales@tara.bz / support@tara.bz /
webmaster@tara.bz
*Capital Details*
=============
Authorized capital : HKD 10,000.00
Paid-up capital : HKD
100.00 divided into 100 ordinary shares at HKD 1.00/-each
*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 Yam-sin Yiu can sign on behalf of the company with seal affixed.
%20LTD%2012-Mar-2008_files/image004.gif){kind=small}
www.tara.bz
The design is professional and the content is well organized. At present it is
in English version.
%20LTD%2012-Mar-2008_files/image005.gif){kind=small}
For the past two years there is no record of litigation.
%20LTD%2012-Mar-2008_files/image006.gif){kind=small}
*Major Shareholders*
================
Total number of shareholders : 2
Total number of shares
: 100
Shareholders' Name No of Shares Amount of Shares (HKD)
% of Shares
-------------------------- ------------------ ---------------------------------- ----------------
TARA DUNIYA CORP
85
85.00
85.00
Yam-sin Yiu 15 15.00 15.00
Shareholders' Transfer
------------------------------
Date transferred : 31 August, 2007
Share transferor : TARA ULTIMO PVT LTD
Share transferee : TARA DUNIYA CORP
No. of shares : 85
*Company Secretary*
=================
SKYWISE LTD
Address : Rm 1703 Vicwood
Plaza 199 Des Voeux Rd Central Hong Kong
CR number : 860425
%20LTD%2012-Mar-2008_files/image007.gif){kind=small}
Management: Mr. Michael J. Tarrant, Manager
Name Nationality Job
Description
Mr. Michael J. Tarrant British
Virgin Islander Manager Sales
%20LTD%2012-Mar-2008_files/image008.gif){kind=small}
*Main Products & Services*
======================
Specializes in trading of motorboats and vessels.
Products: Motorboats
Vessels
*Payment Terms*
=============
Sales
-------
Local : Cash or credit
Purchases
--------------
Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
%20LTD%2012-Mar-2008_files/image009.gif){kind=small}
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch :
TARA (HONG KONG) LTD (WAREHOUSE) - HONG KONG
Branch Address : 150a
Queen's Rd East Wanchai, Hong Kong,
Branch Tel :
[+852] 28651877
*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name : TARA CO
LTD
Address :
Hoi An Vietnam
Country :
Vietnam
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Professional Services
%20LTD%2012-Mar-2008_files/image010.gif){kind=small}
PAYMENT RATING : 5 OBTAINED SCORES :
34
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
%20LTD%2012-Mar-2008_files/image011.gif){kind=small}
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
%20LTD%2012-Mar-2008_files/image012.gif){kind=small}
SC was established at the end of 2006 in small size. Credit dealings with
SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 0919 Miscellaneous
marine products,
Trading 4482 Ferries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8901 Vessels
for the transport of persons or goods
Trading 8903 Yachts
& other vessels for pleas etc; row boat etc
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from Vietnam
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 |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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%)