MIRA
INFORM REPORT
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Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KA
LONG TRADING |
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Registered Office : |
Flat D, 16/F, Tower 12 A, Costa Del Sol, Laguna
Verde, Hunghom, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.09.1999 |
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Com. Reg. No.: |
30390926 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of Diamond |
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 : |
-- |
Company name & Address
KA LONG TRADING
FLAT D, 16/F, TOWER 12A, COSTA DEL SOL,
LAGUNA VERDE, HUNGHOM, 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. 30390926 on 26-9-1999 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
Bhatt Tanmay Achyut 24 Nagardas Park Old
Nagardas Road, OPP
/ ZZ5238012 Chinai
College, Andheri(E), Mumbai-
400069, India
Meterial change/amendment within last 2 years:
Name(s) of admitted partner(s) / Joining date
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- Bhatt Tanmay Achyut / 26-6-2006
Name(s) of retired partner(s) / Leaving date
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- Parikh Biren Surendra / 1-9-2006
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.
Bhatt Tanmay Achyut, proprietor:
- He is by Indian nationality
Registered residential address: 24 Nagardas Park
Old Nagardas Road, OPP Chinai College, Andheri (E) Mumbai-400069, India
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 diamond. Detailed information regarding its
activities is not available.
Property ownership : Current land search indicates
that the ownership details of the heading business address is as follows:
- Owners(s) : Deluxe Win Trading Ltd.
- Date of purchase & amount : 10-8-2005 /
$8.15M
- Date of mortgage & secured amount : 10-8-2005
/ ANS
- Mortgagee : Industrial & Commercial Bank of
China (Asia) Ltd.
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.
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 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.
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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