MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
B.I. INTERNATIONAL LTD. |
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Registered Office : |
11/F, |
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Country : |
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Date of Incorporation : |
28-6-1994 |
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Com. Reg. No.: |
483316 |
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Legal Form : |
Private Limited Company |
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
B.I. INTERNATIONAL LTD.
C/O INTEGRATED FINANCIAL SERVICES LTD
11/F,
TEL : 852 25229115
FAX : 852 28452423
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 is a private limited co. incorporated under co. file no.
483316 on 28-6-1994.
Details of its incorporation information are shown to be as
follows:
Authorized capital :$0.1M divided into 0.1M shares @$1.-
Paid-up capital :$0.1M
Shareholders/subscribers (as at 28-6-2007)
Name(s), ID/passport number, nationality & registered
address No. of Shares
- Brand Corporation 99,999
/
Tortoal, BVI.
- BTC International Ltd. 1
/ -- ditto --
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100,000
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Directors(as
at 28-6-2007)
Name(s), ID/passport number & nationality Registered
address
- Japlos Rolando B. 5/F, Block 32,
/
- Policarpio Michael V. -- ditto --
/ K773818(8)
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
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : None
filed since its incorporation date.
Japlos Rolando B., 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
Policarpio Michael V., 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
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 commercial premise outside of which SC's
name was not seen on display. Instead,
the following co. name was seen on display:
- Integrated Financial Services Ltd.
The gross area of the premises is estimated at 10,000 square
feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
The premise is occupied as office by Integrated Financial Services
Ltd., which a subsidiary of a CPA firm, engaged in providing co. secretarial
services.
Our reporter then contacted a female who identified herself
as staff member of the said co.
She confirmed that SC is one of the many cos. whose
secretarial & accounting affairs are being handled by them.
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.
A call made to your given tel no. 852-25229115. We managed
to contact Ms. Chan who identified herself as the staff member of Integrated
Financial Ltd. She confirmed that SC is one of the many cos. whose secretarial
and accounting affairs being handled by them.
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%)