MIRA
INFORM REPORT
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Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
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Name : |
EINSTEIN INDUSTRIES LTD. |
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Registered Office : |
Flat 2, 8/F, Paramount Bldg., |
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Country : |
Hong Kong |
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 |
name & address
EINSTEIN INDUSTRIES LTD.
FLAT 2, 8/F, PARAMOUNT BLDG.,
TEL : 852 25055379
FAX : 852 25055439
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.
Our current search indicated that SC was incorporated in B.V.I. but has
maintained no business registration in
It is a usual practice that a BVI-incorporated co. has its registered office
care of a corporate services co. The
corporate service co. merely acts as a register office for the BVI-incorporated
co. & files appropriate documents with the authorities to comply with the
concerned jurisdiction.
A BVI-incorporated co. is not required to disclose such information as
shareholders' list, directors' list, capital invested & financial
statement. Information kept by its
registered agent are strictly confidential.
The registered agent will only release such information to an enquiring
party upon of consent of the BVI-incorporated co.
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
Civil litigation/winding-up petitions : None in our
database.
Mortgage/charge record(s) : None filed since
its incorporation date.
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 an industrial premises outside of which SC's name was not
seen on display. Instead, the following
co. name(s) was/were seen on display:
- Erich Krause (HK) Ltd.
The gross area of the premises is estimated at 3,000 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
A female who identified herself as SC's staff member was contacted
there. She advised that only SC's
principal(s) could handle outside parties' business enquiries on SC. SC's principal(s) were not in office by that
time.
She had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
Our current search indicated that SC's business telephone no. is
852-25055379.
Upon our phone inquiry, SC's manager stated that SC provides procurement
services for its parent co. Erich Krause
In view of SC's style of operations and insufficient information, we
have no base to formulate our credit opinion on SC.
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%)