MIRA
INFORM REPORT
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Report Date : |
29th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
BEST GAIN ENTERPRISE LTD. |
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Registered Office : |
Flat 14, Block A, 14/F, Hilton Tower,96 Granville
Road, Tsimshatsui, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
28-3-1996 |
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Legal Form : |
Private limited co |
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Line of Business : |
Trading
Company |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME & ADDRESS
BEST GAIN ENTERPRISE LTD.
FLAT 14, BLOCK A, 14/F, HILTON TOWER,96 GRANVILLE ROAD,
TSIMSHATSUI, KOWLOON, HONG KONG.
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 is a private limited co. incorporated under co. file no. 543531 on 28-3-1996.
Details of its incorporation information are shown to be as follows:
Authorized capital :HKD100,000 divided into 100,000 shares HKD1.-
HKD1.-Paid-up capital :HKD100,000
Shareholders/subscribers (as at 28-3-2005)
Name(s), ID/passport number, nationality & registered address No. of Shares
Parikh Bhavna Kamlesh 99,000
Kothari Nirmam Pradeep 1,000
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100,000
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Directors(as at 28-3-2005)
Name(s), ID/passport number & nationality Registered address
Shah Chetan Rajendra / PR China
P357678(0)
Parikh Kamlesh Dalpatlal / PR China
Z-008015
The above information is based on SC's registration documents filed in Companies Registry within the last 2 years.
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.
Mortgage/charge record(s) : None filed since its incorporation date.
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.
Credit
history check: A check of our database
indicates SC's major shareholders & executive directors have been clear of
any civil claims as defendants for the past 6 years.
SC is reportedly engaged in import & export trading.
Detailed information regarding its activities is not available.
SC is not
known to have any subsidiary at present.
On 15-6-2006, a visit to the premises at the heading business address by our field reporter revealed the following:
The address is a commercial & residential premises outside of which no company name was seen on a commercial & residential display.
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.
It is not ascertained whether SC is still in operation.
Our current inquiry reveals that no such name as SC is registered as a current user of local fixed line telephone companies.
In HK, 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.
Our inquiry revealed that the telephone contact no. of Shah Chetan Rajendra is 852-23664446 and 852-93342987.
Calls made to the said telephone nos. were answered by Shah Chetan Rajendra. He claimed that:- he has resigned from SC since 2000 (but his name is still in the company search)- he does not know what business activity SC is currently involved in - he does not know the contact information of SC & it principals. However, he refused to disclose the current directors of SC.
Information
on hand would not seem to warrant any credit consideration.
-- Asset
Tracing --
Upon our
current investigation, our database & sources consulted indicate that SC
was not involved in any property transaction (both purchase & disposal) in
Hong Kong for the last 6 years.
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 |