MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
GOLD STAR JEWELLERY |
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Registered Office : |
6/F, Blk B, Luxury Court, 9 Hau Fook St.,Tsimshatsui, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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
GOLD STAR
JEWELLERY
6/F, BLK B, LUXURY COURT, 9 HAU FOOK ST.,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:
- 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.
Upon our current request for a Business Registration copy of SC, Business Registration Office (HKSAR Government) replied it has no record on SC. This may imply that either SC has had no business registration or SC has business registration but its name spelling (as provided by you) is wrong.
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.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
On 6-9-2006, 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 a residential 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.
Our reporter learned from the building management office that the premises was occupied by an Indian inmate. However, he had already moved out for 8 months and did not pay the rental fee for a few months. Currently, the premises has been occupied by a Philippino woman for approx. 4 months.
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.
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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