MIRA
INFORM REPORT
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Report Date : |
07.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRUS TRADING LTD. |
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Registered Office : |
C/O Rm 1204, 12/F, Shanghai Industrial Investmentbldg.,
48-62 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
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 |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name & address
TRUS TRADING LTD.
C/O RM 1204, 12/F, SHANGHAI INDUSTRIAL INVESTMENTBLDG., 48-62 HENNESSY ROAD, WANCHAI, HONG KONG..(AS GIVEN)
TEL: 852 28511477 (AS GIVEN)
FAX: 852 28511480 (AS GIVEN)
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 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.
Detailed information regarding its activities is not
available.
Location :Maintaining its correspondence office at the
heading business address which occupies a gross area of 1,600 square feet at a
commercial building in a commercial district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Standard.
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 premises outside of which SC's
name and another co. named "Edwin Cheung & Siu" were seen on
display.
The gross area of the premises is estimated at 1,600 square
feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises is occupied as office by Edwin Cheung & Siu
which is a certified public accountants firm with sideline business in
providing company secretarial services.
Our reporter then contacted a female staff of the said co.
She refused disclosing any information regarding SC unless
the identity of the inquiring party is disclosed.
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 your given tel. no. 852-28511477. We managed
to contact Keung Grace, a staff member of Edwin Cheung & Siu. She claimed
that the heading address is the correspondence address of SC in HK &
disclosed that SC has no operating office in HK. She refused disclosing any
further information regarding SC unless the identity of the inquiring party is
disclosed.
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%)