MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
YANG JIANG SONS. |
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Registered Office : |
Unit A-3, 7/F, |
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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
YANG JIANG SONS.
UNIT A-3, 7/F,
NO.
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.
Upon our current search for a Business Registration copy of SC, Business
Registration Office (HKSAR Government) replied that no such co is registered at
the heading business address. This may imply
that either SC has had no business registration or SC was registered at other
business address which is not known. In this case, the only way to obtain a BR
copy is to provide SC's BR no., which, however, has been declined by SC's
principal(s).
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.
Property ownership : Current land search indicates that the ownership
details of the heading business address is as follows:
- Owners(s) : Chung Wing Sing
- Date of purchase & amount : 25-4-2007 / HK$1.48M
- Date of mortgage & secured amount : NA
- Mortgagee : NA
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 & residential premises outside of which
no company name was seen on display.
The area of the premises is not known as our field reporter could not
gain entrance to the premises.
The outer door of the premises was locked. No one responded to our reporter's calls.
Our reporter inserted our co brochure and questionnaire to the premises
through the space below the door.
So far, 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.
SC is unknown in the local market or to the sources we contacted. Our
database also indicates no further information regarding SC. We are unable to
establish the precise nature of SC's operations & assess SC's credit
standing for the time being.
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%)