MIRA INFORM REPORT

 

 

Report Date :

21.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DIBAO  LTD.

 

 

Registered Office :

C/o ComSec Services Ltd.

Room 1604, 16/F., Kinwick Centre, 32 Hollywood Road, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

01.11.2010

 

 

Com. Reg. No.:

53203924-000-11

 

 

Legal Form :

Limited Company

 

 

LINE OF BUSINESS :

NOT AVAILABLE

 

Note:

We apologize to you for not getting the caption firm’s exact activity because of the following reasons:

1.   The captioned firm is just a shelf company in Hong Kong.  It has no employees.  The Managing Director Mr. KO Pei Chang cannot be reached as he seems to be in Taiwan

2.   The subject’s secretarial firm ComSec Services Ltd. where the subject’s registered address is located also does not know the activities of the captioned firm.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Representative Office

Payment Behaviour :

Unknown

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

DIBAO  LTD.

 

(Incorporated in the British Virgin Islands)

 

Address:          

 

Hong Kong Representative Office:-

c/o ComSec Services Ltd.

Room 1604, 16/F., Kinwick Centre,

32 Hollywood Road, Central, Hong Kong.

 

[Tel: 2868 1287;  Fax: 2868 1163]

 

 

BUSINESS REGISTRATION NUMBER

 

53203924-000-11

 

 

DATE OF INCORPORATION

 

26th March, 2010.  (In the British Virgin Islands)

 

 

ESTABLISHMENT

 

1st November, 2010. (In the Hong Kong)

 

 

DIRECTOR

 

Name:  Mr. KO Pei Chang, Paul

Residential Address:      Room 1604, 16/F., Kinwick Centre, 32 Hollywood Road, Central, Hong Kong.

 

 

GENERAL

 

We confirm that the captioned firm was set up in Hong Kong on 1 November, 2010.

We apologize to you for not getting the caption firm’s exact activity because of the following reasons:

1.          The captioned firm is just a shelf company in Hong Kong.  It has no employees.  The Managing Director Mr. KO Pei Chang cannot be reached as he seems to be in Taiwan

2.          The subject’s secretarial firm ComSec Services Ltd. where the subject’s registered address is located also does not know the activities of the captioned firm.

Would you please be kind enough to provide us the captioned firm’s contact phone number or other clues so that we can trace its activities?

 

Dibao Ltd. was incorporated in the British Virgin Islands on 26th March, 2010 as a limited company.  It has established a representative office in Hong Kong on 1st November, 2010 under the Hong Kong Business Registration Regulations.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1604, 16/F., Kinwick Centre, 32 Hollywood Road, Central, Hong Kong known as ComSec Services Ltd. which is handling its correspondences and documents.  ComSec Services Ltd. is an associated company of S. Liu & Co. which is an accountant firm located at the same operating address.

The director of the subject Mr. Ko Pei Chang (alias Paul Ko) is a Taiwan passport holder who does not have the right to reside in Hong Kong permanently.  Ko cannot be reached as he maybe in Taiwan.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.  No information of the subject can be obtained from our secondary sources.

The subject may has got an associated company in Taiwan which is also operated by Ko.

It is likely that the Taiwan firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  The Taiwan firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The history in Hong Kong is just over a year and three months.

Since the subject does not have its own operating office, history is short, and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.