MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
B. J. CREATION |
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Registered Office : |
Flat A1, 10/F, Minador Mansion, 56-64 Nathan Road,Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
26-8-2003 |
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Com. Reg. No.: |
33937488 |
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Legal Form : |
Sole Proprietorship |
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RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name & address
B. J. CREATION
FLAT A1, 10/F, MINADOR MANSION, 56-64 NATHAN ROAD,TSIMSHATSUI,
KOWLOON, HONG KONG. (AS
REGISTERED)
TEL : 852 23118952 / 64993321
FAX : NOT
REGISTERED
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:
l
Information obtained is insufficient for compiling a standard report.
l
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.
SC was established under Business Registration Certificate no. 33937488 on
26-8-2003 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's
principal(s)
as follows:Name(s) & ID / Passport No. Registered address
- Lam Man Kat / D50519(8) 4G
Unit
G, 4/F., Blk 3, (Lok Yee Yuen),
Chi
Lok Fa Yuen, 18 Tsing Hoi Circuit,
Tuen
Mun, N.T.
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) : In
Hong Kong, unlimited companies are not required to file its charge particulars
for public search.
Lam Man Kat, sole proprietor.
Registered residential address: Unit G, 4/F., Blk 3, (Lok Yee Yuen), Chi
Lok Fa Yuen, 18 Tsing Hoi Circuit, Tuen Mun, N.T.
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
A check of our database & enquiry with outside sources indicate no
information regarding the background of SC's principals. Besides, SC's principals could not be
contacted for enquiry during our course of report preparation.
Detailed information regarding its activities is not
available.
SC is not known to have any subsidiary at present.
A visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a residential premises outside of which SC's name was
seen on display.
We met a male there. He just claimed that SC's principal had spent most
of his time in PR China whilst he refused confirming whether SC had business operations
there.
So far, we have not yet received any reply.
Our inquiry reveals that your given phone no. 852 23118952 had been
currently out of order. Your another given phone no. 852 64893321 is not registered
by any user.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)