MIRA INFORM REPORT

 

 

Report Date :

29.01.2008

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

GENERAL OBSERVATIONS

 

[] NO COMPANY IS FOUND REGISTERED UNDER ABOVE STYLE AT THE  ‘REGISTRAR OF COMPANIES’

[] NO RECORD, REFERENCE, MEMBERSHIPS ARE FOUND WITH ANY LEGAL AUTHORITIES INCLUDES  

   LOCAL CHAMBER OF COMMERCE & INDUSTRY OR TRADE ASSOCIATIONS OR COUNTRY’S EPZ

   AUTHORITIES.

[] NO ARE AVAILABLE OR FOUND WITH THE ‘BOARD OF INVESTMENT’.

 

INVESTIGATION RESULTED AS FOLLOWS:

 

[X] ABOVE STYLE, IS NOT FOUND REGISTERED, OR SEEN LISTED IN LOCAL TRADE DIRECTORIES PERUSED OR IN THE MEMBERSHIP LIST OF CHAMBER OF COMMERCE OR ANY TRADE ASSOCIATION

 

[X] SUBJECT IS NOT REPORTED TO BE A MEMBER OF CHAMBER OF COMMERCE AND ABOVE STYLE IS NOT FOUND LISTED IN IMPORT EXPORT LICENCE GAZETTES OF YEARS 2005 2006 AND 2007

 

[X] INVESTIGATIONS ARE VARIED, INCLUDING COMMERCIAL AND FINANCIAL CIRCLES AND ALL MET WITH NEGATIVE RESULTS, SUBJECT’S STYLE WAS NOT RECOGNISED BY ANY REPRESENTATIVE OF REGISTRAR OF COMPANIES. A PHYSICAL SEARCH IN THE COMMERCIAL HUB OF CITY WAS NOT SUCCESSFUL IN LOCATING THE SUBJECT

 

[X] INFORMANT REPORT THAT THEY HAVE BEEN UNABLE TO IDENTIFY SUBJECT'S EXISTENCE FROM PARTICULARS GIVEN.

 

[X] SUBJECT IS UNKNOWN TO AREA POSTMAN OF POSTAL DEPARTMENT SINCE SO FAR THEY HAVE NEITHER RECEIVED ANY LETTER NOR DELIVERED TO THIS SUBJECT AT THE GIVEN ADDRESS BESIDES, AS PER POST BOX PRIVACY LAW, THEY ARE UNABLE TO DISCLOSE BOX HOLDER’S DETAILS

 

[X] IN VIEW OF ABOVE INFORMANT, HAVE INSUFFECIENT KNOWLEDGE ON WHICH TO EXPRESS AN OPINION REGARDING UNSECURED CREDIT DEALINGS AT THIS TIME

 

[X] SHOULD IT PLEASE BE POSSIBLE TO FURNISH ANY FURTHER ADDITIONAL DETAILS OF SUBJECT INCLUDING CORRECT STYLE AND OTHERS IF ANY, SO THAT, WE SHALL BE PLEASED TO HAVE RE-INVESTIGATION RESUMED

 

COMMENT:

 

REGRETTED MUCH THAT A M SUBJECT IS NOT TRACED OUT AT MENTIONED ADDRESS

 

Briefly,

 

STYLE:                         NO COMPANY, STYLED ABOVE IS FOUND AT THE GIVEN ADDRESS.

TELEPHONE:                NO TELEPHONE AND FAX ARE FOUND FOR THE SUBJECT 

ADDRESS:                   GIVEN ADDRESS IS FOUND OCCUPIED BY MANY COMPANIES AGENCIES

                                    REPRESENTATIVES LIAISON OFFICES CONSULATE OFFICES LIBRARIES AND

                                    GENERAL TRADING HOUSES INCLUDING SOME GOVERNMENT OFFICES AND

                                    DEPARTMENTS BUT NO OPERATION OR EXISTENCES OR ANY

                                    REPRESENTATION FOR ABOVE SUBJECT IS FOUND OR DISCOVERED AND NO

                                    NEIGHBOURS KNOWS OR HEARD OR LEARNT ABOUT THIS SUBJECT OF INQUIRY

                                    AND ITS OPERATION IN BRUNEI.

SOURCES:                   NO REFERENCES, RECORDS OR MEMBERSHIP WITH ANY LOCAL CHAMBER OF

                                    COMMERCE OR TRADE ASSOCIATION ARE FOUND FOR THE SUBJECT

 

ASSUMING STYLE AND ADDRESS ARE GIVEN WRONG.

 

For re-check requesting more details INCLUDING CORRECT TELEPHONE NUMBER AND A LETTERHEAD COPY.

 

RE-INVESTIGATED REPORT WILL BE SENT SOON AFTER RECEIPT OF FURTHER DETAILS.

 

 

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.

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions