MIRA
INFORM REPORT
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Report
Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
NANCY DIAM |
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Registered
Office : |
Flat E, 2/F, Universal Mansion, Phase 1,52 Hillwood Road,
Tsimshatsui, Kln., Hong Kong |
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Date
of Incorporation : |
18.09.2003 |
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Com.
Reg. No.: |
33914379 |
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Legal
Form : |
Sole Proprietorship |
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Line
of Business : |
Import & export of diamonds. |
RATING & COMMENTS
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MIRA’s
Rating : |
C |
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
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Undetermined |
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Payment
Behaviour : |
-- |
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Litigation
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-- |
NAME
NANCY
DIAM
ADDRESS
FLAT E,
2/F, UNIVERSAL MANSION, PHASE 1,52 HILLWOOD ROAD,
TSIMSHATSUI,
KLN., HONG KONG (AS GIVEN)
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. 33914379 on 18-9-2003 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
Italiya Nilesh Sambhubhai / Flat
E, 2/F Universal Mansion Phase 1
Z-1534172 52
Hillwood Road, Tsimshatsui, Kln, HK
The correct address of SC should be Flat E, 2/F of the
captioned building.
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.
Italiya Nilesh Sambhubhai, sole proprietor:
- He is by Indian nationality
- He is by Indian nationality
Registered residential address: Same as heading business
address
Property ownership:
Current land search indicates that the said premises ownership as
follows:
- Owner(s) : Kan Kwok Choi & others
- Date of purchase & consideration : 8-8-1996 / $1.6M
- Date of mortgage & secured amount : NA
NA- Mortgagee : NA
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 of diamonds. Detailed information regarding its
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 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.
As the said address is a residential premises to which visit
is not feasible, we have sent our questionnaire to the said address by mail.
So far, we have not yet received any reply.
Our reporter learned from the building management office
that the premises is occupied as residence by a female Indian.
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
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 |