MIRA INFORM REPORT
|
Report
Date : |
24th
November, 2006 |
RATING & COMMENTS
|
MIRA’s
Rating : |
C |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |
|
Status
: |
No Trace |
|
|
|
|
Payment
Behaviour : |
-- |
|
|
|
|
Litigation
: |
-- |
GENERAL OBSERVATIONS
COMPANY NAME & ADDRESS
EMERALD COLLECTIONS
FLAT B-2, BLK B, 11/F, PRAT MANSION, 26-36 PRAT
AVE., TSIMSHATSUI, 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:
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. 21378858 on 20-11-1997 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
- Dusad Nitin / A0536686 Flat B,
12/F, Star Mansion,
Minden
Road, Tsimshatsui, Kowloon, Hong Kong.
Material change / amendment within last 2 years:
Change in business address:
Moved to the heading address from Flat B, 8/F, Kok Pah Mansion, 58-60
Cameron Road, Tsimshatsui, Kowloon, Hong Kong in Dec 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.
Dusad Nitin, SC's sole proprietor: He is by Indian nationality.
Registered residential address: As stated in
"Registration Information"
Property ownership:
Current land search indicates that the said premises ownership as
follows:
- Owner(s) : Dusad Nitin
- Date of purchase & consideration : 14-7-2005 / HKD1.47M
- Date of mortgage & secured amount : 29-8-2005 / ANS
- Mortgagee :
Hang Seng Bank Ltd.
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 of precious & semi-precious
stones. Detailed information regarding
its trading of precious & semi-precious stones activities is not available.
SC is not known to have any subsidiary at present.
On 23-11-2006, 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 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 heading address is occupied by an unidentified Indian resident. The management officer stated that he had
not heard of the name of SC and had no idea of the business activities of SC.
Our current inquiry reveals that no such name as SC is
registered as a current user of local fixed line telephone companies.
Despite having exhausted all our effort, we are unable to
obtain sufficient information to assess SC's credit standing.