MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MIX LONG GROUP LTD. |
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Registered Office : |
13/F, Regent Centre,88 Queen's Road Central |
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Country : |
Hong Kong |
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
MIX LONG GROUP LTD.
13/F, REGENT CENTRE,88 QUEEN'S ROAD CENTRAL, 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.
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.
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 a commercial premise outside of which SC's
name was not seen on display. Instead,
the following co. name(s) was/were seen on display:
- Edmund Cheung & Co.
The gross area of the premises is estimated at 3,500 square
feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
The premise is occupied as office by Edmund Cheung &
Our reporter then contacted an unidentified female of the
said co.
She confirmed that SC is one of the many cos. whose
secretarial affairs are being handled by them. She refused to disclose any
information regarding to SC.
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.
A call was made to Edmund Cheung & Co., (852-28456939).
We managed to contact Mr. Ching, a staff member of the said co. but who refused
to disclose any information regarding SC.
Despite having exhausted all our effort, we are unable to
obtain sufficient information to assess SC's credit standing.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in
RATING EXPLANATIONS
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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 |
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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%)