MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LIDA  EXPORTS  LTD.

 

 

Registered Office :

16/F., Tesbury Centre, 28 Queen’s Road East, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Not Registered in Hong Kong

Payment Behaviour :

Unknown

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name and address      

 

LIDA  EXPORTS  LTD.

 

GIVEN ADDRESS:          16/F., Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong.

 

GIVEN PHONE NUMBER:           2526 2807

 

 

GENERAL

 

1.       As per Companies Registry, there is no such name registered in their file.  We found that there is no company name registered and headed with “Lida Export…..”.

2.       According to Business Registration Office, the name of the subject is not found in the database.

3.       Our on-site investigator reported that your given address 16/F., Tesbury Centre, 28 Queen’s Road East, Hong Kong is occupied by a company called Airtrust (Hong Kong) Ltd. [AHKL]. with details as follow:-

Name:  AHKL

Address:  16/F., Tesbury Centre, 28 Queen’s Road East, Hong Kong.

Phone Number:  2526 2807

Nature of Business:  Chemical Trading.

4.       A staff from AHKL told us that “Lida Export Ltd.” used its office address for correspondence purpose.  However, she refused to disclose any further information about the subject.

1.       Your given phone number: 2526 2807 is the same phone number of AHKL.

2.       The subject appears to be an oversea company registered somewhere outside Hong Kong.  We believe they use AHKL’s office address for international trading.

3.       The name of the subject is not listed in any available telephone and commercial directories and also is unknown to other sources consulted.

4.       No legal actions were traced against the subject during the course of this investigation.

In view of the lack of information, we have no basis upon which to recommend credit dealings.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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

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

--

NB

New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.