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Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
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Name : |
VUI CHOI INVESTMENT COMPANY LIMITED |
|
|
|
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Registered Office : |
Avenida Dr. Sun
Yat Sen, S/No., Edificio Chun Hung Garden, Fuk Yuen Court, 27 andar K, na
Ilha da Taipa, em |
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|
|
|
Country : |
Macau |
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|
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Date of Incorporation : |
03.06.1993 |
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|
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Com. Reg. No.: |
SO 7857 |
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|
|
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Legal Form : |
Private Limited
Liability Company |
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|
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Line of Business : |
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|
|
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No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Macau |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MACAU ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory 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. - In 2013, Macau's gaming-related taxes accounted for more than 85% of total government revenue. Macau''s economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-13, largely on the back of tourism from mainland China and the gaming sectors. In 2013, this city of 607,500 hosted nearly 29.3 million visitors. Almost 64% came from mainland China. Macau''s traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. China is Macau''s second largest goods export market, behind Hong Kong, and followed by the United States. In 2013, exports were US$1.1 billion, while gaming receipts were US$45.2 billion, an 18.6% increase over 2012. Macau''s economy expanded by 11.9% in 2013; although impressive, it was a slower growth rate than in previous years. Macau continues to face the challenges of managing its growing casino industry, money-laundering, and the need to diversify 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 (in English): |
VUI CHOI INVESTMENT COMPANY LIMITED |
|
Company Name (in Portuguese): |
Companhia De Investimento Predial Vui Choi, Limitada |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
Vui Andar K Edificio Chun Hung Garden Fuk Yuen Court Avenida Dr Sun Yat Sen Ilaha Da Taipaxxx Macao |
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Telephone Number: |
|
|
Fax Number: |
Note: The exact name and address are as above, and the supplied address is not complete.
|
Registered Name: |
VUI CHOI INVESTMENT
COMPANY LIMITED |
|
Registered Address: |
Avenida Dr. Sun
Yat Sen, S/No., Edificio Chun Hung Garden, Fuk Yuen Court, 27 andar K, na
Ilha da Taipa, em Macau |
|
Date of Registration: |
1993-6-3 |
|
Business Registered Number: |
SO 7857 |
|
Legal Form: |
Private Limited
Liability Company |
|
Registered Capital: |
MOP 900,000
(USD 110,520) (As of 2014.06,
1 MOP = 0.1228 USD) |
|
Principal Activities: |
Providing
investment service, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Information Ended at: |
2014-5-29 |
Note: Subject declined to disclose the number of staff, and from other source we cannot obtain the information, either.
Subject was incorporated on 1993-6-3 with registered number SO 7857 as Private Limited Liability Company in Macau.
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Joana Chong |
810,000 |
90% |
|
Ho Chi Keung |
90,000 |
10% |
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Total |
900,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Joana Chong |
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Address: |
Rua de Sete Tanques, Ediflcio Ocean Garden, Pine Court, 5 andar D. Na Ilha Da Taipa, em Macau |
|
Sex: |
Female |
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Marital Status: |
Unmarried |
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2 |
|
|
Name: |
Ho Chi Keung |
|
Address: |
Rua de Sete Tanques, Ediflcio Ocean Garden, Pine Court, 5 andar D. Na Ilha Da Taipa, em Macau |
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Sex: |
Male |
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Marital Status: |
Unmarried |
Management Information
Core Management
Management Information:
|
1 |
|
|
Name: |
Joana Chong |
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Registered Address: |
Rua de Sete Tanques, Ediflcio Ocean Garden, Pine Court, 5 andar D. Na Ilha Da Taipa, em Macau |
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Position: |
Manager |
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Authorized Signatures |
|
|
Any one of the managers can sign on behalf of the subject with seal affixed. |
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Offices
|
|
Office |
|
Address |
Na Taipa, Abenida Dr. Sun Yat Sen (Taipa) No 690-694, Chun Hung Garden (Leong Iun, Foe Iun, Pek Iun) 27 Andar K |
Premises
Information
Office address:
|
Address: |
Na Taipa, Abenida Dr. Sun Yat Sen (Taipa) No 690-694, Chun Hung Garden (Leong Iun, Foe Iun, Pek Iun) 27 Andar K |
|
Owners: |
Zhuang Kefu Zhuang Niannian |
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Matriz: |
40695 |
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Nature: |
Urban |
|
Duration: |
25 years, since 1990-2-9 |
Operation
Information
Subject is engaged in providing investment service, etc. without any production activities
It is introduced that subject mainly supplies real estate investment, etc.
Subject’s service region is Macau local market at present.
Subject’s customers are real estate developers, etc.
Settlements
Subject declined to disclose the detail information of the settlements, and it is introduced that the details of settlements are to be negotiated.
Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Macau and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff declined to disclose its financials citing the grounds of company’s confidentiality; from other source we cannot obtain the relevant information, either.
Subject declined to disclose any information about bankers, and we can not obtain the information from other source.
|
Name: |
Ms. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.