%2028-Nov-2006_files/image002.jpg)
MIRA
INFORM REPORT
|
Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
SANGHVI
EXPORTS (HK) |
|
|
|
|
Registered Office : |
Unit 602, Trans-Hk Commercial Bldg., 41-43
Carnavon Road, Tsimshatsui, Kowloon, Hong Kong. |
|
|
|
|
Country : |
Hong Kong |
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 : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
Company name & Address
SANGHVI EXPORTS (HK)
UNIT 602, TRANS-HK COMMERCIAL BLDG.,
41-43 CARNAVON ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
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.
%2028-Nov-2006_files/image003.gif){kind=small}
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.
The complete address of SC is the heading one
instead of the one given by you.
%2028-Nov-2006_files/image004.gif){kind=small}
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.
%2028-Nov-2006_files/image005.gif){kind=small}
SC is not known to have any subsidiary at present.
%2028-Nov-2006_files/image006.gif){kind=small}
On 27-11-2006, 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 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 observed no business activities were
conducted inside the premises.
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 had been vacant since Aug 2006.
%2028-Nov-2006_files/image007.gif){kind=small}
Our current inquiry reveals that no such name as SC
is registered as a current user of local fixed line telephone companies.
%2028-Nov-2006_files/image008.gif){kind=small}
As SC is not a legal entity registered in Hong Kong
& we cannot identify whether SC still maintaining its business elsewhere,
we have no ground on which to evaluate SC's credit dealings.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|