MIRA
INFORM REPORT
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Report Date : |
21st November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
APEX TRADING |
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Registered Office : |
701, Hart Avenue Plaza, 5-9
Hart Avenue, Tsimshatsui, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
03-05-2005 |
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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 : |
Unknown |
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Litigation : |
Clear |
Name & address
APEX TRADING
701, HART AVENUE PLAZA, 5-9 HART
AVENUE,
TSIMSHATSUI, KOWLOON, HONG
KONG. (AS GIVEN)
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:
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. 35589104 on 3-5-2005 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
- Tilala Nikhil Jayantilal 1/F, Rock
View Appt., Govalia Tank,
/ A8499304 Mumbai,
India.
Change in business address: Moved to the registered business address
from 701 Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
(given by you) in mid June 2006.
SC's registered business
address: Flat C, 5/F, Holly Mansion, 37
Kimberly Road, Tsimshatsui, 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.
Tilala Nikhil Jayantilal, 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
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.
As per SC's Business
Registration copy currently obtained, the nature of business is described as
trading. Detailed information regarding
its trading activities is not available.
SC is
not known to have any subsidiary at present.
On 29-8-2006, a visit to the
premises at the heading business address by our field reporter revealed the
following:
The address is a commercial
premises outside of which SC's name was not seen on display. Instead, the following co. name(s) was/were
seen on display:
- Soham Diam
- Sundiam (Hong Kong) Ltd.
- Eura-diam (H.K.) Ltd.
The area of the premises is not
known as our field reporter could not gain entrance to the premises.
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.
On the same day, a visit to the
premises at the SC's current registered business address (Flat C, 5/F, Holly
Mansion, 37 Kimberly Road, Tsimshatsui, Kowloon, Hong Kong.) by our field
reporter revealed the following:
The address is a residential
premises outside of which no company name was seen on display.
The area of the premises is not
known as our field reporter could not gain entrance to the premises.
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 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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