MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHAMP WILL DEVELOPMENT LTD. |
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Registered Office : |
RM 2104, 21FL Austin Plaza 83 Austin Rd.Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.01. 2005 |
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Com. Reg. No.: |
0944246 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Industrial Machinery and Equipment. |
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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CHAMP
WILL DEVELOPMENT LTD.
RM 2104, 21FL AUSTIN PLAZA 83 AUSTIN RD.
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-24171739 FAX: 852- 28666166
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 7, 2005
REGISTRATION NO. :
0944246
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 12,853
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79834 = 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 : 0944246
Date issued : 7 January, 2005
Issuing authority : Companies Registry
Legal form : Private limited company
Type of license Corporate
(2)
License number : 35543457-00
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Corporate & Organization Structure*
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Corporate Management
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EVERTECH HOLDINGS GROUP LTD
Position held :
Director
*Capital Details*
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Authorized capital: HKD 100,000.00 divided into 100,000 ordinary shares
at HKD 1.00/-each, fully paid.
*Approved Signatures*
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Only EVERTECH HOLDINGS GROUP LTD can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: hkkeda@netvigator.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: 100,000
Shareholders Country
Number Amount (HKD) %
------------------- ----------------- -------------- ----------------- ---------
EVERTECH HOLDINGS Virgin
Islands (British) 100,000.00 100,000.00 100.00
GROUP LTD
*Company Secretary*
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H & R BLOCK (HK) LTD
CR number : 113523
Address : Rm 504 Tung Wai
Commercial Bldg 109-111 Gloucester Rd Wanchai Hong Kong
*COMPANY DIRECTORS*
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1
Name : EVERTECH HOLDINGS GROUP LTD
Registered Address : OMC Chambers Road Town Tortola
Country of Residence : Virgin Islands (British)
*Main Products & Services*
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Specializes in trading of industrial machinery and equipment.
Products: Industrial equipment
Industrial machinery
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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There are no record of exports and imports, because the prime focus of
the firm's activity is concentrated on the local sales only
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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 3
years. Taking into consideration of SC’s general performance, a credit line up
to USD 5,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3500 Industrial
Machinery & Equipment
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8479 Machines
etc having individual functions, parts
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%)