MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room 105, North Section, Block A, No. 2, Hi-Tech Business Incubator,
Tianfu Avenue South Extension, |
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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 : |
Undertermined |
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COMPANY NAME &
ADDRESS
ROOM 105, NORTH SECTION, BLOCK A, NO. 2,
HI-TECH BUSINESS INCUBATOR
TEL: 86 (0) 28-85336337
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:
Information obtained is insufficient for compiling a standard report.
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.
The telephone number clients provided is
86 (0) 28-85336337
When we dialed the above number, a gentleman Mr. Lin answered the phone. He admitted the English name, and told us SC’s Chinese name was “However, he said that SC was not registered at local Administration for Industry and Commerce (AIC-the authority that issuing and renewing business license), and SC’s main business is providing consulting services.
The address client provided is:
section 4, building 2, chengdu hi-tech business incubator, tianfu avenue
south extension,
According to Mr. Lin, this address is not concrete, and the
detailed one is ROOM 105, NORTH SECTION, BLOCK A, NO. 2, HI-TECH BUSINESS
INCUBATOR ,
Investigations were made with the local AIC, however, and no record of SC’s name was found.
Information on hand would not seem to warrant any credit consideration.
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%)