MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TWIN WEALTH |
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Registered Office : |
12 Andar H Edifico
Associacao Comercial de Macau 175 Rua de Xangai |
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Country : |
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Date of Incorporation : |
31.01.2003 |
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Legal Form : |
Private Company
with Limited Liability |
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Line of Business : |
providing
intermediary, documentary and other related 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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name & address
TWIN WEALTH
12 ANDAR H EDIFICO ASSOCIACAO COMERCIAL DE
175 RUA DE XANGAI
TEL: 853-28787777 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.
Trading Name / DBA: TWIN
WEALTH COMERCIAL OFFSHORE DE
*Company
Registration*
==================
Registered Legal
Address : 12 Andar H Edifico Associacao Comercial de Macau 175 Rua de Xangai
License Number : SO
16469
Date of Registration
: 31 January, 2003
Issuing Authority :
Conservatoria dos Registos Comercial e de Bens Moveis (Commercial Registry
Office) (CRCBM)
Legal Form -
Category : Private Company with Limited Liability
Legal Form -
Abbreviation : LTD
Legal Form :
Limited
Operational Status
of Business : It was NOT possible to confirm the operational status of the
Subject Business Entity.
Capital : US$ 12,500
Primary Business
Activity : Service
Key Industry :
Professional Services
*CAPITAL (Currency:
MOP)
=====================
Authorized Capital:
100,000
Paid-up Capital:
100,000
*Office &
Facilities*
================
Size : 500-800 sq. ft
Other e-mail address
: mctw@twinwealth.com
www.twinwealth.com This website belongs
to “Twin Wealth Group” in
E-mail: twof@twinwealth.com
For the past two
years there is no record of litigation.
*Major Shareholders*
================
Total number of
shareholders: 1
Total number of
shares: N/A
Shareholders Country Amount (MOP) %
TOP WEALTHY HOLDINGS
LTD
*COMPANY DIRECTORS*
=====================
Name : Mr.
Kwing-keung Wong
Nationality :
Macanese
*Operations Status*
================
Extensive
investigations have been conducted to identify the status of commercial
operation of the Subject Business Entity and the following were revealed:
1. Attempts were
made to confirm the current commercial operation based on the above listed
telephone number and it has not been successful, since there was NO one
answering the call.
2. No other telephone listing could be found for
the company. It is therefore not possible to contact the company directly to
obtain further information.
3. Additionally, attempts to identify other
commercial points of reference being used by the subject company proved to be
unsuccessful. These include:
- Checks with the local trade and business
associations.
- Attempts to identify trade references
within the respective industry sector.
*Main Products &
Services*
=====================
Believed to be
engaged in providing intermediary, documentary and other related services.
Direct Parent : TOP
WEALTHY HOLDINGS LTD
Country :
*(Subsidiaries,
Joint-ventures & Affiliates)
==============================
Business Entity Name
: TWIN WEALTH OILS & FATS (
Address : 43Fl,
Country :
Relationship :
Affiliate
Legal Form : Private
Company with Limited Liability
Company Type :
Trader
Industry : Food
Products
*Strategic Partners
& Alliances*
=======================
Group name : TWIN WEALTH GROUP
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.
As a private limited
company there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
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.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300
Business Services
Service 8748
Business Consulting Svcs, NEC
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9878
Business development/consulting
Service 9900
Business services, health,
financial/insur. legal/real estate, hotels, and misc repairs
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Service Document services
Service Business development
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.