MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ADISH DIAMONDS |
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Registered Office : |
Rm 1203, 12/F, 3 Star Mansion, 3-5 Minden Row, Kowloon,
Hong Kong |
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Country : |
Hong
Kong |
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Date of Incorporation : |
16-12-1993 |
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Legal Form : |
Sole
proprietorship |
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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 : |
-- |
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Litigation : |
-- |
Name & address
ADISH DIAMONDS
RM 1203, 12/F, 3 STAR MANSION, 3-5 MINDEN ROW,
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.
Our
findings revealed that the correct co. name located in the heading business
address (also your given address) is the heading one instead of the name given
by you.
SC was
established under Business Registration Certificate no. 17623174 on 16-12-1993
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
- Nahar
Ashok Kumar Unit
B, 5/F, Wing Lok House,
/
A728775 11
Lock Road, Tsimshatsui, Kowloon, HONG KONG.
Change
in business address: Moved to the heading business address from Rm 1208, 12/F
of the captioned building in Jan. 2004.
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.
Nahar
Ashok Kumar, 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 import & export. Detailed information regarding its import
& export activities is not available.
SC is not known to have any subsidiary at present.
On
4-7-2006, a visit to the premises at the heading business address by our field
reporter revealed the following:
The said
premises is located in a residential block in a commercial & residential
district.
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 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 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.
Despite
having exhausted all our effort, we are unable to obtain sufficient information
to assess SC's credit standing.
Please
advise SC's contact no. so that we can resume our investigation.
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 |