MIRA
INFORM REPORT
|
Report Date : |
02.05.2007 |
IDENTIFICATION
DETAILS
|
Name : |
VOLGA INTERNATIONAL |
|
|
|
|
Registered Office : |
13/F, Blk H, Windor Mansion, 29-31 Chatham Road, South,
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
RATING &
COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
Undetermined |
name & address
VOLGA INTERNATIONAL
13/F, BLK H, WINDOR MANSION, 29-31 CHATHAM ROAD, SOUTH, KOWLOON,
HONG KONG.(MOST LIKELY
ADDRESS)
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.
The correct name of the building is "Windsor
Mansion" instead of "Windor Mansion" given by you.
Upon our current request for a Business Registration copy of
SC, Business Registration Office (HKSAR Government) replied it has no record on
SC. This may imply that either SC has
had no business registration or SC has business registration but its name
spelling (as provided by you) is wrong.
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.
Property ownership : Current land search indicates that the
ownership details of the heading business address is as follows:
- Owners(s) : Suen Mei Kuen
- Date of purchase & amount : 5-9-1999 / $2.13M
- Date of mortgage & secured amount : 18-10-1997 / ANS
- Mortgagee : HSBC
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 premise
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 reporter learned from the management office that the
said premise is occupied by an Indian.
Our current inquiry reveals that no such name as SC is
registered as a current user of local fixed line telephone companies.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
RATING
EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)