MIRA
INFORM REPORT
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Report Date : |
22nd
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ACE PACIFIC |
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Registered Office : |
Room 2303, 23/F, Office Tower, Convention
Plaza,1 Harbour Road, Wanchai, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
24-2-2006 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Engaged in import & export of
diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Undetermined
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NAME & ADDRESS
ACE PACIFIC
ROOM 2303, 23/F, OFFICE TOWER, CONVENTION
PLAZA,1 HARBOUR ROAD, WANCHAI, HONG KONG. (AS REGISTERED)
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:
Information obtained is insufficient for compiling a standard report.
- 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.
SC was established under Business Registration Certificate no. 36474396 on 24-2-2006 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's principal(s) as follows:
Name(s) & ID / Passport No. Registered address
Wutthinitikon Wutthichai / Block B, 9/F, Golden Glory Mansion,
E603192 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.
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.
Wutthinitikon Wutthichai, sole proprietor:
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt collection records : No overdue amount owed by the said person was placed to us for collection
A check of our database & enquiry with outside sources indicate no information regarding the background of SC's principals. Besides, SC's principals could not be contacted for enquiry during our course of report preparation.
SC is reportedly engaged in import & export of diamonds.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
On 19-6-2006, 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 no company name was seen on a commercial display.
The gross area of the premises is estimated at 4,000 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Our reporter managed to contact a female SC's staff member there. She advised that only SC's principal could handle outside parties' business enquiries on SC. SC's principals were not in office by that time. In addition, she declined forwarding any information regarding SC's operation as SC is a private venture.
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.
In Hong Kong, it is quite an unusual practice for an active company not having any telephone line registered under its own name; as this will directly hinder its potential customers to contact them & its activeness in the local market is also in doubt.
In view of SC's style of operations and insufficient information, we have no base to formulate our credit opinion on SC.
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 |