MIRA INFORM
REPORT
|
Report Date : |
18.01.2012 |
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 : |
Undetermined |
|
|
|
|
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Macau |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
CHANG YIP DEVELOPMENT
CO LTD
RM E GROUND FL WAN YU VILLAS RUA DE MADRID, MACAU (AS REGISTERED)
TEL: N/A FAX: N/A
Name in Local Language : 振燁發展有限公司
Trading Name / DBA: COMPANHIA DE DESENVOLVIMENTO CHANG YIP LDA
Note:
(1) Due to the lack of SBE's operational status, and circumstances
involved, the information as listed below is only historical / on-file data and
as such it has not been possible to verify against any current sources.
*Company Registration*
==================
Registered Legal Address: Rm. E Ground Fl Wan Yu Villas Rua De Madrid,
Macau
License Number: SO21446
Date of Registration: Jun. 2, 2005
Issuing Authority: Conservatoria dos Registos Comercial e de Bens Moveis
(Commercial Registry Office) - National
Legal Form: Private Company with Limited Liability
License Status:
License exists - But no trace of any Operational office.
Operational Status
of Business: It was NOT possible to confirm the operational status. (1)
Primary Business Activity: Service
Primary Industry: Professional Services
*CAPITAL (Currency: MOP - Macau Patacas)
==================================
Authorized Capital: 25,000
Paid-up Capital: 25,000
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country Number Amount
(MOP) %
Mr. Chi-hong Ng Macao n/a 12,500 50.00
Mr. Xiang-li Weng Macao n/a 12,500 50.00
*Company Director*
===============
1
Name : Mr. Chi-hong Ng
Nationality : Macanese
2
Name : Mr. Xiang-li Weng
Nationality : Macanese
*Operations Status*
================
Investigation can not confirm operational status of Subject Business Entity.
Investigations confirm the legal registration of the CHANG YIP DEVELOPMENT CO LTD, but as a result of not being able to identify:
·Any operational offices
·Any point of contact
·Nor speak to any representative of the firm
It has not been possible to conduct the normal due diligence process and assessment of credit worthiness.
*Primary Products*
==============
Activity Products / Materials / Services
Description
Service Property
agents
SC is not known to have any subsidiary at
present.
Unknown
Based on the corporate laws of Macao, legal entities which are Private
Company with Limited Liability are not required to make public disclosure of
their annual financials. Therefore no financials are available for this entity.
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 6531 Real Estate Agents & Managers
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business services, health, financial/insur.
legal/real estate, hotels, and misc repairs
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
|
UK Pound |
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.