MIRA
INFORM REPORT
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Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
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Name : |
PROSPERLINK (MACAO COMMERCIAL OFFSHORE) LTD |
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Registered Office : |
Rm B 5FL Edificio Comercial Rodrigues 599 Avenida Da Praia Grande |
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Country : |
Macao |
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Date of Incorporation : |
25.04.2003 |
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Com. Reg. No.: |
SO16847 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Specialized professional services, including Intermediary services, Commercial information |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Macau |
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 |
MACAU - ECONOMIC OVERVIEW
After opening up its locally-controlled casino industry to
foreign competition in 2001, the territory attracted tens of billions of
dollars in foreign investment, transforming Macau into one of the world's
largest gaming centers. Macau's gaming and tourism businesses were fueled by
China's decision to relax travel restrictions on Chinese citizens wishing to
visit Macau. By 2006, Macau's gaming revenue surpassed that of the Las Vegas
strip, and gaming-related taxes accounted for more than 70% of total government
revenue. In 2008, Macau introduced measures to cool the rapidly developing
sector. Macau's economy slowed dramatically in 2009 as a result of the global
economic slowdown, but strong growth resumed in 2010-11, largely on the back of
tourism from mainland China and the gaming sectors. This city of 550,000 hosted
nearly 25 million visitors in 2010. Almost 53% came from mainland China.
Macau's traditional manufacturing industry slowed greatly since the termination
of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement
(CEPA) between Macau and mainland China that came into effect in January 2004
offers Macau-made products tariff-free access to the mainland; nevertheless,
China is Macau's second largest goods export market, behind Hong Kong, and
followed by the United States. However, exports in 2010 were less than US$900
million, while gaming receipts were almost US$24 billion, a 58% increase over
2009. Macau's economy expanded at a slower pace in 2012 - around 10% -
reflecting continued global economic uncertainties. Macau continues to face the
challenges of managing its growing casino industry, money-laundering, and the
need to diversifying the economy away from heavy dependence on gaming revenues.
Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is
also freely accepted in the territory.
Source : CIA
Company name and address
PROSPERLINK
(MACAO COMMERCIAL OFFSHORE) LTD
RM B 5FL EDIFICIO COMERCIAL RODRIGUES
599 AVENIDA DA PRAIA GRANDE, MACAO
TEL: [+853]- 83943000/83945734
FAX: [+853]-28355007
EXECUTIVE SUMMARY
INCORPORATION DATE :
APR. 25, 2003
REGISTRATION NO. :
SO16847
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. CHUNG-FONG HA (DIRECTOR)
STAFF STRENGTH :
6
PAID-UP CAPITAL :
MOP 100,000
BUSINESS LINE :
SERVICE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
MOP 7.98825 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
MOP- Macau Pataca
%20LTD%20%20-%20212321%2004-Mar-2013_files/image011.gif){kind=small}
Name in Local Language : 匯漢(澳門離岸商業服務)有限公司
Trading Name / DBA : PROSPERLINK (COMERCIAL OFFSHORE DE MACAU)
Issuing Authority : Conservatoria dos Registos Comercial e de Bens
Moveis (Commercial Registry Office)
*OFFICE & FACILITIES*
====================
Name : PROSPERLINK (MACAO COMMERCIAL OFFSHORE) LTD - MACAU
Address : Rm B 5Fl Edificio Comercial Rodrigues 599 Avenida Da Praia
Grande, Macau
Country : Macao
Status : Operational
*CAPITAL (Currency: MOP - Macau Patacas)
==================================
Authorized Capital: 100,000
Paid-up Capital: 100,000
*REPUTATION*
=============
Reference checking for the purpose of establishing the PROSPERLINK
(MACAO COMMERCIAL OFFSHORE) LTD's reputation within the respective industry
failed to reveal any adverse information.
%20LTD%20%20-%20212321%2004-Mar-2013_files/image012.gif){kind=small}
SC is not known to host website of its own at present.
E-mail: pl_sales@mo.fshl.com
%20LTD%20%20-%20212321%2004-Mar-2013_files/image013.gif){kind=small}
For the past two years there is no record of litigation.
%20LTD%20%20-%20212321%2004-Mar-2013_files/image014.gif){kind=small}
*Major Shareholders*
================
Total number of shareholders: 1
Total number of shares: N/A
Shareholders Country Amount (MOP) %
GLAMIC STAR LTD Virgin Islands (British) 100,000 100.00
%20LTD%20%20-%20212321%2004-Mar-2013_files/image015.gif){kind=small}
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chung-fong Ha
Nationality : Macanese
2
Name : Mr. To-hung Yim
Nationality : Macanese
3
Name : Ms. Candice Yiu-ming Cheung
Nationality : Macanese
%20LTD%20%20-%20212321%2004-Mar-2013_files/image016.gif){kind=small}
*Core Business Description*
====================
Core Business
-----------------
The primary business focus of PROSPERLINK (MACAO COMMERCIAL OFFSHORE)
LTD is Specialized professional services, including:
·Intermediary services
Key services include:
·Commercial information
·Intermediary services
*Primary Products*
==============
Products / Materials / Services Description Activity
--------------------------------------------------- ------------
Commercial information Service
Intermediary services Service
%20LTD%20%20-%20212321%2004-Mar-2013_files/image017.gif){kind=small}
Direct Parent : GLAMIC STAR LTD
Legal Form Category : Private Company with Limited Liability
Country : Virgin Islands (British)
%20LTD%20%20-%20212321%2004-Mar-2013_files/image018.gif){kind=small}
PAYMENT RATING : 3 OBTAINED SCORES : 52
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
%20LTD%20%20-%20212321%2004-Mar-2013_files/image019.gif){kind=small}
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.
*BANK DETAILS*
===============
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Macau
Branch Address : 122 Avenida Horta de Costa Macau (Head Office)
SWIFT Code : HSBCMOMX
%20LTD%20%20-%20212321%2004-Mar-2013_files/image020.gif){kind=small}
SC is considered small-sized in its line with a development history of
10 years.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Product/Service
Description Code Activity
Business Services 7300
Service
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Product/Service
Description Code
Activity
Business services, health, financial/insur. 9900 Service
legal/real estate, hotels, and misc repairs
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
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|
1 |
Rs.82.72 |
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Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.