MIRA
INFORM REPORT
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Report Date : |
13th November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL
INTERNATIONAL |
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Registered Office : |
Rm 601, 6/F, Workingport Commercial Bldg., 3 Haufook St.,
Tsimshatsui, Kowloon,Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
15-5-1998 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in general trading. |
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
ROYAL INTERNATIONAL
RM 601, 6/F, WORKINGPORT COMMERCIAL BLDG., 3 HAUFOOK ST.,
TSIMSHATSUI, KOWLOON,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.
21733503 on 15-5-1998 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
- Mohamed Noohu Syed Ahamed Flat
1, 5/F, 1 Hanoi Road,
/ K681739(4) Tsimshatsui,
Kowloon, HONG KONG.
Material change / amendment within last 2 years:
Change in business address:
Moved to the heading business address from Flat F, 12/F, Golden Crown
Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, HONG KONG in April 2005.
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.
Mohamed Noohu Syed Ahamed, sole proprietor:
- He is by Indian nationality- He was formerly a partner of
Hongkong Associates, an unlimited co. registered in HONG KONG which is engaged
in trading of diamond and other jewellery products
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
SC is reportedly engaged in general trading.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary
at present.
On 14-8-2006, a visit to the premises at the heading business
address by our field reporter revealed the following:
The address is a residential premises outside of which no company
name was seen on display.
The gross area of the premises is estimated at 600 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
A male Indian, who identified himself as SC's staff member, was
contacted there. He advised that only
SC's principal(s) could handle outside parties' business enquiries on SC. SC's principal(s) were not in office by that
time.
He had promised to pass our message & deliver our brochure
& questionnaire to SC's principal(s).
However, 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 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 |
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NR |
In view of the lack of
information, we have no basis upon which to recommend credit dealings |
No Rating |
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