MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
UNITRADE INT'L CO LTD |
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Registered Office : |
Rm 804 Sino Centre |
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Country : |
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RATING & COMMENTS
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MIRAs 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
UNITRADE INT'L CO LTD
RM 804 SINO CENTRE
TEL : 852 23840332
FAX : 852 27717211
EXECUTIVE SUMMARY
INCORPORATION DATE :
N/A
REGISTRATION NO. :
N/A
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.81547 = US$1 AS OF 2007-7-10
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Operations Status*
================
Extensive investigations have been conducted to identify the status of
commercial operations of the Subject Business Entity and the following were
revealed :
1. The Companies Registry and Business Registration Office - Inland Revenue
Dept were checked and there is no company or Business name registered that
correlates with the Subject Business Entity name listed above.
2. Investigations confirmed that the address, telephone & fax
numbers listed for the Subject Business Entity in Hong Kong are those belonging
to POWER POINT INT'L (HONG KONG) CO LTD.
3. Upon current contact with staff of POWER POINT INT'L (
to confirm the current operations of the Subject Business Entity.
4. Additionally, attempts to identify other commercial points of
reference being used by the Subject Business
Entity proved to be unsuccessful. These include:
- Searches with the main local Telecom supplier for telephone and/or fax
lines.
- Checks with the local trade and business associations.
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
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 SCs 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%)