MIRA INFORM REPORT
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Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GOOD
IDEA DEVELOPMENT LTD. |
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Registered Office : |
c/o Larich Ltd., Suite 1001-2, Albion Plaza, 2-6 Granville Road, Tsim Sha Tsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.07.2011 |
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Com. Reg. No.: |
58623842 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
---- |
RATING & COMMENTS
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MIRA’s Rating : |
Nb |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
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
GOOD IDEA DEVELOPMENT LTD.
Company ADDRESS
Registered Head Office:-
c/o Larich Ltd.
Suite 1001-2, Albion Plaza, 2-6 Granville Road, Tsim Sha Tsui, Kowloon, Hong Kong.
[Phone: 2724 1223; Fax: 2722 4373]
BUSINESS REGISTRATION NUMBER
58623842
COMPANY FILE NUMBER
1627413
DATE OF INCORPORATION
7th July, 2011.
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry
dated 07-07-2011)
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Name |
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No. of share |
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Ready-Made Co. Ltd., Hong Kong. |
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1 = |
DIRECTOR
(As per registry
dated 22-07-2011)
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Name (Nationality) |
Address |
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Crescent Development Ltd. |
Premier Building, P.O. Box 1015, Victoria, Mahe, Seychelles. |
SECRETARY
(As per registry dated
22-07-2011)
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Name |
Address |
Co.
No. |
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Larich Ltd. |
Suite 1001-2, Albion Plaza, 2-6 Granville Road, Tsim Sha Tsui, Kowloon, Hong Kong. |
0437591 |
GENERAL
Good Idea Development Ltd. was incorporated on 7th July, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a secretarial firm located at ‘Suite 1001-2, Albion Plaza, 2-6 Granville Road, Tsim Sha Tsui, Kowloon, Hong Kong.’ known as ‘Larich Ltd.’ [Larich] which is handling its correspondences and documents. Larich is also the corporate secretary of the subject. This firm is an associated of North Asia Corp. Services Ltd. [NACS] which is a commercial service provider located at the same operating address. NACS has had another office located at Suite 1005 of the same building.
Formerly the registered address of the subject was located at Suite 601, 6/F., Hong Kong & Macau Building, 156-157 Connaught Road Central, Hong Kong where is the operating address of a commercial service provider Ready‑Made Co. Ltd. [Ready-Made], moved to the present address with effect from 22 July, 2011 as it has changed its commercial service provider since then.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued just one ordinary share of HK$1.00 each which is held by Ready-Made. The director of the subject Crescent Development Ltd. is a Seychelles-registered company.
The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.
The director of the subject cannot be reached as it is a Seychelles-registered company.
It is likely that the subject has got an associated company in India which is a diamond trader.
The India firm is doing business with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.
The India firm is doing business with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.
The subject’s history in Hong Kong is just over two month.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on fully secured terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.19 |
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UK Pound |
1 |
Rs.75.92 |
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Euro |
1 |
Rs.65.44 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.