MIRA
INFORM REPORT
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Report Date : |
30th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
LUMISOURCE INDUSTRIES LTD. |
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Registered Office : |
Flat G, 13/F, Golden Plaza, 745-747 Nathan Road, Mongkok, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
16-6-1989 |
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Legal Form : |
Private limited co |
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Line of Business : |
Engaged in trading of car accessories |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME & ADDRESS
LUMISOURCE INDUSTRIES LTD.
FLAT G, 13/F, GOLDEN PLAZA, 745-747 NATHAN ROAD,
MONGKOK, KOWLOON, HONG KONG. (AS GIVEN)
TEL: 852 23951291/ 23981296(as given)
FAX: 852 23981305(as given)
Narrative report
This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:
Information
obtained is insufficient for compiling a standard report.
The
enquired co has been out of business or its business address has been
untraceable.
It should
be noted that the time and manpower spent on preparing such type of report
might be greater than those on a standard report. On many occasions, the
information in this type of report still indicates the current status of the
enquired co. and serves as a useful reference to assess its credit standing.
Our findings revealed that the company located at your given address is "Lumisource Industries Ltd." Search indicates that your given name is not on the incorporated companies list in Companies Registry.
We believe that SC is your target company.
SC is a private limited co. incorporated under co. file no. 255370 on 16-6-1989.
Details of its incorporation information are shown to be as follows:
Authorized capital : HKD 10,000 divided into 10,000 shares @ HKD 1.-
Paid-up capital : HKD 2.-
Shareholders/subscribers (as at 16-6-2005)
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Gilbert Francois Jost / B25034 / Luxembour 1
/ Same as heading address
- *Liu Mei Chi / M12145278 / Taiwanese 1
/ -- ditto-- ---
2
==
Directors(as at 16-6-2005)
Name(s), ID/passport number & nationality Registered address
*Also directors
The above information is based on SC's registration documents filed in Companies Registry within the last 2 years.
This section will contain the civil litigations & winding-up petitions filed against SC for the last 6 years (as stored in our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgage/charges by an unlimited co is not required to be registered in the public records.
Civil litigation/winding-up petitions: None in our database.
Mortgage/charge record(s): None filed since its incorporation date.
Liu Mei Chi, director.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt collection records : No overdue amount owed by the said person was placed to us
for collection
Gilbert Francois Jost, director.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt collection records : No overdue amount owed by the said person was placed to us
for collection
Current search indicates that SC is engaged in trading of car accessories.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
On 26-5-2006, a visit to the premises at the heading business address by our 26-5-2006 field reporter revealed the following:
The address is a commercial premises outside of which no company name was seen on a commercial display.
The outer door of the premises was locked. No one responded to our reporter's calls.
Our reporter inserted our co brochure and questionnaire to the premises through the space below the door.
So far, we have not yet received any reply.
Our current inquiry reveals that a commercial telephone line (number 852-2398129) 852-2398129 is registered under the name of SC.
During the course of our investigation, repeated calls made to the telephone no. 852-23951291 were not answered on all occasions during office hours.
A call was made to another telephone no. 852-23981296 (given by you). We managed to contact an unidentified female. She refused disclosing any information regarding SC unless the identity of inquiring party is disclosed.
Available information for assessing SC's credit standing is insufficient. Please advise whether your name can be disclosed to SC so that we may resume our investigation.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |