MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
DIAMOND
KINGDOM |
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Registered Office : |
Unit L1, 7/F, Phase 2, Kaiser Estate, 51 Man Yue St.,Hung Hom,Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.04.2005 |
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Com. Reg. No.: |
35490591 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of gem stones & jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
NR (No
Rating) – Insufficient Information |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined
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Payment Behaviour : |
-- |
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Litigation : |
-- |
Company name & Address
DIAMOND KINGDOM
UNIT L1, 7/F, PHASE 2, KAISER ESTATE,
51 MAN YUE ST.,HUNG HOM,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:
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Information obtained is insufficient for compiling
a standard report.
l
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. 35490591 on 1-4-2005 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
- Kalathiya Vimal Ranchhodbhai Flat
B, 13/F, Star Court,
/ E7576969 / Indian 4
Man Wan Road, Homantin, 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.
Mortgage/charge record(s) : In Hong Kong, unlimited companies are not
required to file its charge particulars for public search.
Kalathiya Vimal Ranchhodbhai, sole proprietor: He
is by Indian nationality.
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
As per SC's Business Registration copy currently
obtained, the nature of business is described as trading of gem stones &
jewellery. Detailed information
regarding its trading of gem stones & jewelleryactivities is not available.
Property ownership : Current land search indicates
that the ownership details of the heading business address is as follows:
- Owners(s) : Fern Leaf Garments Ltd.
- Date of purchase & amount : 7-12-2000 /
HKD2.1M
- Date of mortgage & secured amount : 7-12-2000
/ ANS
- Mortgagee : HSBC
SC is not known to have any subsidiary at present.
On 15-11-2006, a visit to the premises at the
heading business address by our field reporter revealed the following:
The address is a commercial & industrial
premises outside of which SC's name was not seen on display. Instead, the following co. name(s) was/were
seen on display:
- Shiv Co.
The gross area of the premises is estimated at
2,400 square feet.
Condition inside the premises during our visit:
Normal
Office/factory outlay: Standard
A male who identified himself as SC's staffmember
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.
Our current inquiry reveals that no such name as SC
is registered as a current user of local fixed line telephone companies.
A call made to 852-23751317 (obtained by our
reporter in spot visit) was answered by Mr. Kalathiya who identified himself as
SC's principal. He declined releasing
any information on SC as SC is a private venture.
Despite having exhausted all our effort, we are
unable to obtain sufficient information to assess SC's credit standing.
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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