MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TIN SHUI LTD. |
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Registered Office : |
Rm 1205, 12/F, Harcourt House, |
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Country : |
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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 |
name & address
TIN SHUI LTD.
RM 1205, 12/F, HARCOURT HOUSE,
WANCHAI,
TEL : 852 24863107 (AS GIVEN)
FAX : 852 28107002
(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:
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 indicates no such co. spelt as SC is on the
incorporated companies list in Companies Registry.
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 management background is not available.
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 premises outside of which SC's name was not
seen on display. Instead, the following
co. name(s) was/were seen on display:
- AMS Management Services Ltd.
The gross area of the premises is estimated at 1,600 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
The premises is occupied as office by AMS Management Services Ltd. a
company providing secretarial services.
Our reporter then contacted a female who identified herself as an
administrator of the said co.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
She further advised that only SC's principal(s) could handle outside
parties business enquiries on SC while SC's principals 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 inquiry indicated SC's given tel no. (as provided by you 852-24863107)
had been out of service.
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%)