MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

DRAGON  QUEEN  LTD.

 

 

Registered Office :

c/o TMF Hong Kong Ltd., 36/F., Tower 2, Times Square, 1 Matheson Street, Causeway Bay

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

28.05.2007

 

 

Com. Reg. No.:

37994610

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available 

 

 

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 :

No Operating office in Hong Kong

 

 

Payment Behaviour :

Unknown

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

DRAGON  QUEEN  LTD.

 

 

Company ADDRESs

 

Registered Office:-

c/o TMF Hong Kong Ltd.

36/F., Tower 2, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong.

[Tel: 3188 8333;  Fax: 3188 8222]

 

 

BUSINESS REGISTRATION NUMBER

 

37994610

 

 

COMPANY FILE NUMBER

 

1136057

 

 

DATE OF INCORPORATION

 

28th May, 2007.

 

 

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 28-05-2012)

 

Name

 

No. of share

Kelday Enterprises Ltd., Hong Kong.

 

 

1

=

 

DIRECTOR    

(As per registry dated 28-05-2012)

 

Name

Address

Co. No.

Kelday Enterprises Ltd.

36/F., Tower 2, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong.

0087721

 

 

SECRETARY 

(As per registry dated 28-05-2012)

 

Name

Address

Co. No.

EQ Secretaries Ltd.

36/F., Tower 2, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong.

0099444

 

 

GENERAL

 

Dragon Queen Ltd. was incorporated on 28th May, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.

Having issued just one ordinary share of HK$1.00, the subject is wholly owned by Kelday Enterprises Ltd. [Kelday] which is also a Hong Kong-registered firm.  Kelday is also the director of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 36/F., Tower 2, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong known as TMF Hong Kong Ltd. [TMF] which is handling its correspondences and documents.  TMF has had an associated company EQ Secretaries Ltd. which is the corporate secretary of the subject.  Kelday is also located at the above-mentioned address.

The subject has no employees in Hong Kong.  Its lines of business are unknown because it is just a shelf company.

Nobody can be reached because its shareholder and director Kelday is just a nominee company.

The background of the subject is unknown.

On the whole, since the subject is just a self company, consider it good for normal business engagements on secured terms.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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