MIRA INFORM REPORT

 

 

Report Date :

17.08.2007

 

IDENTIFICATION DETAILS

 

Name :

CAPITAL SPRING RESOURCES LTD.

 

 

Registered Office :

Rm 4710, Ata Centra, 99 Road

 

 

Country :

Hong Kong

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 


name & address

 

CAPITAL SPRING RESOURCES LTD.

RM 4710, ATA CENTRA, 99 ROAD, HONG KONG. (AS GIVEN)

TEL      : 86-21-51323300 (AS GIVEN)

FAX      : 86-21-51323311 (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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Rounded Rectangle: REGISTRATION INFORMATION 

 

 


Our current search indicates no such co. spelt as SC is on the incorporated companies list in Companies Registry.

 

 

Rounded Rectangle: PUBLIC FILINGS 

 

 


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.

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


Detailed information regarding its activities is not available.

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


SC is not known to have any subsidiary at present.

 

 

Rounded Rectangle: SPOT VISIT 

 

 


Your given address is invalid, and no "Ata Centra & 99 Road" can be found in HK, therefore, visit is infeasible.

 

 

Rounded Rectangle: CHECK ON SC’S REGISTERED TELEPHONE LINE 

 

 


Our current inquiry reveals that no such name as SC is registered as a current user of local fixed line telephone companies.

 

Our inquiry reveals that the SC's given telephone no. (As provided by you) is occupied by Shanghai Desano Pharmaceuticals Co. Ltd. Upon a phone contact, a staff member of the said co. advised that she had never heard of SC.

 

Rounded Rectangle: REMARKS 

 


 

 

Despite having exhausted all our effort, we are unable to obtain sufficient information to assess SC's credit standing.

 

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions