MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMART AIMS INT'L CO. |
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Registered Office : |
Rear Portion,1/F,Chi Cheong Bldg.,2-4e Yee On St.,Kwun
Tong, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19-4-2006 |
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Com. Reg. No.: |
36654970 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Interpretation, consociation & trading. |
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 |
name & ADDRESS
SMART AIMS INT'L CO.
REAR PORTION,1/F,CHI CHEONG BLDG.,2-4E YEE ON ST.,KWUN TONG,
KOWLOON,
HONG KONG.(MOST LIKELY ADDRESS)
TEL : 852 35722646 (AS GIVEN)
FAX : 852 28100635
(AS GIVEN)
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.
36654970 on 19-4-2006 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
- Azhar Mahmood / P883374(9) Same as
heading business address
The above information is based on SC's last 2 years' annual
return.
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.
Azhar Mahmood, sole proprietor: He is by Indian nationality.
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 interpretation, consociation &
trading.
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.
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 current inquiry reveals that no such name as SC is registered
as a current user of local fixed line telephone companies.
A call was made to your given tel. no. 852-28100635. We managed to contact Azhar Mahmood, SC's
sole proprietor. He refused disclosing
any information regarding SC unless the identity of the inquiring party is
disclosed.
SC is unknown in the local market or to the sources we
contacted. Our database also indicates
no further information regarding SC. We
are unable to establish the precise nature of SC's operations & assess SC's
credit standing for the time being.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)