MIRA INFORM REPORT

 

 

Report Date :

26th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

ALLIEDINKS RESOURCES

 

 

Registered Office :

Flat C, 22/F, Block 4, Tanner Garden, 18 Tanner Road, North Point, Hong Kong.

 

 

Country :

Hong Kong

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

Company Name & Address

 

ALLIEDINKS RESOURCES

FLAT C, 22/F, BLOCK 4, TANNER GARDEN, 18 TANNER ROAD, NORTH POINT, HONG KONG.  (AS GIVEN)

TEL      : NOT REGISTERED     

FAX      : NOT REGISTERED

 

 

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 

 

 


Upon our current request for a Business Registration copy of SC, Business Registration Office (HKSAR Government) replied it has no record on SC. This may imply that either SC has had no business registration or SC has business registration but its name spelling (as provided by you) is wrong.

 

 

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: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 

 


SC’s shareholder details are not available at present.

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


Detailed information regarding its activities is not available.

 

Property ownership : Current land search indicates that the ownership details of the heading business address is as follows:

- Owners(s) : Li Siu Ming Elinor

- Date of purchase & amount : 10-5-1991 / HK$1,692,460

- Date of mortgage & secured amount : 10-5-1991 / HK$1M

- Mortgagee : DBS Bank (HK) Ltd.

 

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


SC is not known to have any subsidiary at present.

 

 

 

Rounded Rectangle: SPOT VISIT 

 

 


As the said address is a residential premises to which visit is not feasible, we have sent our questionnaire to the said address by mail.

 

So far, we have not yet received any reply.

 

It is not ascertained whether SC is still in operation.

 

 

 

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.

 

 

Rounded Rectangle: REMARKS 

 


 

 

As SC's name is not clearly identified, there is no ground to conduct credit appraisal on SC.

 

 

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/normal.

 

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