MIRA
INFORM REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
POWER TECH
CO. LTD. |
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Registered Office : |
6D, Hilton Tower,
96 Granville Road, S.T. East, KLN |
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Country : |
Hong Kong |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
No Such Name Registered |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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
POWER
TECH CO. LTD.
GIVEN ADDRESS
6D, Hilton Tower,
96 Granville Road, S.T. East, KLN, HK.
[Should be written
as Flat D, 6/F., Hilton Tower, 96 Granville Road, Tsimshatsui East, Kowloon,
Hong Kong.]
GENERAL
1. As
per Companies Registry, there is no such name registered in their file. We found that there are about 20 similar
companies registered and headed with “Power Tech …..” or “Powertech …..”. However, their registered offices are not
matched with your given address.
2. According
to Business Registration Office, the name of the subject is also not found in
the database.
3. Your
given address should be written as Flat D, 6/F., Hilton Tower,
96 Granville Road, Tsim Sha Tsui East, Kowloon, Hong Kong. Our on-site investigator revealed that the
captioned address is a 17-storey residential building (From Basement, Lower
G/F., G/F., 1/F. to 14/F.). We are
unable to visit the captioned premise because the building is a private residential
property. Staff from the Management
Office of the building told us that the said premise is a residential unit but
also dealing in business. He refused to
disclose further information about the property.
4. According
to the Land Office, this premise is owned by a company known as Glory Mass Trading
Ltd. [GMTL]. The registered office of
GMTL is also located at this address.
GMTL bought this property on 26th August, 1993 at the price of
HK$5,700,000.00. No mortgage record was
registered against this property. For
further information of GMTL, please refer to the attachment.
5. The
captioned name is not listed in any available telephone and commercial
directories and also is unknown to other sources consulted.
6. No
legal actions were traced against the subject during the course of this
investigation.
In view of the lack of information, we have no basis
upon which to recommend credit ratings.
ANNEX: Glory
Mass Trading Ltd.
Company name and address
GLORY MASS
TRADING LTD.
ADDRESS: Flat D, 6/F., Hilton Tower, 96 Granville
Road, Tsimshatsui East, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
17152868
COMPANY FILE NUMBER
0422441
DATE OF INCORPORATION
25th May, 1993.
CAPITAL
Nominal Share Capital:
HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$8,000.00
SHAREHOLDERS
(As
per registry dated 25-05-2010)
|
Name |
|
No.
of shares |
|
LIU
Yi Chen |
|
3,000 |
|
LIU Lai Chain |
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5,000 |
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|
––––– |
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Total: |
8,000 ==== |
DIRECTORS
(As
per registry dated 25-05-2010)
|
Name (Nationality) |
Address |
|
LIU Lai Chain |
No. 63 Tong Chen Street, Tainan, Taiwan. |
|
LIU Yi Chen |
No. 63 Tong Chen Street, Tainan, Taiwan. |
SECRETARY
(As
per registry dated 25-05-2010)
|
Name |
Address |
|
CHANG
I Chen |
Flat D, 6/F., Hilton Tower, 96 Granville Road, Tsimshatsui East,
Kowloon, Hong Kong. |
REMARKS
It was originally registered
under the name of Glory Mass Trading Ltd. but changed to Pao Shun Hong Kong
Trading Co. Ltd. on 2nd September, 1993.
Subsequently, changed back to Glory Mass Trading Ltd. on 14th October,
1993.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.65.47 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
|
-- |
NB |
New Business |
-- |
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.