MIRA INFORM REPORT
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Report Date : |
16.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
WALA DIAM (HONG KONG) |
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Registered Office : |
Block A2, 4/F, Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
1-8-2000 |
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Com. Reg. No.: |
31135365 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of diamond & jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
Undetermined |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
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NAME
WALA DIAM
(HONG KONG)
ADDRESS
BLOCK A2,
4/F, PRAT MANSION, 26-36 PRAT AVENUE,
TSIMSHATSUI,
KOWLOON, HK.(AS REGISTERED)
TEL :
NA
FAX :
NA
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:
l
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. 31135365 on 1-8-2000 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
Diyora Pareshkumar
Khimjibhai Same
as the captioned address
/ZZ484413A
Change of business
address: SC moved to the heading
business from Flat 6B, 6/F, Luxury Court, Hau Fook Street, Tsimshatusi,
Kowloon, HK. in Sept. 2005.
Change of principal:
- Retired
principal: Savani Rajubhai Jivrajbhai
- Retired
date: 23-6-2005
- Admitted
principal: Diyora Pareshkumar Khimjibhai
- Admitted
date: 18-5-2005
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.
Mortgage/charge record(s): In Hong Kong, unlimited companies are
not required to file its charge particulars for public
search.
Diyora Pareshkumar Khimjibhai, 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
As per SC's Business Registration copy currently
obtained, the nature of business is described as trading of diamond &
jewellery. Detailed information
regarding its trading of diamond & jewellery activities is not available.
SC is not
known to have any subsidiary at present.
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 a residential display.
The outer door of the premises was locked. No one
responded to our reporter's calls.
Our reporter learned from the management office that the
heading business address is occupied by an unidentified Indian male.
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.
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.
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 |