MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
YELLOW RIVER LEATHER TRADING CO., LTD. |
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Registered Office : |
Flat 7, 17/F, Room Cre Centre, 889 Cheung Sha Wan Rd,
Cheung Sha Wan, Kln. |
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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
YELLOW RIVER LEATHER TRADING CO., LTD.
FLAT 7, 17/F, ROOM CRE CENTRE,
889 CHEUNG SHA WAN RD, CHEUNG SHA WAN, KLN.,
TEL : N/A
FAX : N/A
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.
SC declined to release its management background details at present.
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 commercial premises, outside of which SC's name was not
seen on display. Instead, the following
co. name was seen on display:
Jin International Co. Ltd.
The gross area of the premises is estimated at 1600 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
We met a female there and she refused answering any of our enquiries.
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.
As SC is not a legal entity registered in HK, we cannot identify whether
SC still maintaining its business elsewhere, we have no ground on which to
evaluate 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. |
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%)