MIRA
INFORM REPORT
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Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
BHAVANI HONG KONG LTD. |
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Registered Office : |
Rm 1206, 12/F, Hang Seng Bank Bldg., 18 Carnarvon Rd,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
16-3-2006 |
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Com. Reg. No.: |
1030955 |
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Legal Form : |
Private Limited Company |
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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 : |
Unknown |
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Litigation : |
Clear |
name & address
BHAVANI HONG KONG LTD.
RM 1206,12/F,HANG SENG BANK BLDG.,18 CARNARVON RD,TSIMSHATSUI,
KOWLOON, HONG KONG. (AS REGISTERED)
TEL : 852 23686769 (AS 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 is a private limited co. incorporated under co. file no. 1030955 on
16-3-2006.
Details of its incorporation information are shown to be as follows:
Authorized capital : HKD $10,000 divided into 10,000 shares @ HKD $1.-
Paid-up capital : HKD $10,000
Shareholders/subscribers (as at 16-3-2007)
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Jhaveri Pradeep Jagdish / XD165034(9) / NA 5,000
/ 1D Verdant Court, Discovery Bay, HONG KONG.
- Samir Khadela / NA / NA 5,000
/ 49 Quinten Matsijslei, B-2018 Antwerpen, Belgium. ---------
10,000
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Directors(as at 18-3-2006)
Name(s), ID/passport number & nationality Registered address
*Also director
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
Current search reveals certain material change or amendment of SC has
been recorded within the last 2 years & noted as follows:
Partial change in SC's directorship is as follows:
Name(s) of resigned director(s) Resignation
date
Nil Nil
Name(s) of newly appointed director(s) Appointment
date
Jhaveri Pradeep Jagdish 18-3-2006
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) : None filed since its incorporation date.
Jhaveri Pradeep Jagdish, director:
In his late 30's.
Registered residential address: As stated in "Registration
Information"
Property ownership: Current land
search indicates that the said premises ownership as follows:
- Owner(s) : Leung Lee Foo & So Chi Oi
- Date of purchase & consideration : 14-7-1992 / HKD $2.28M
- Date of mortgage & secured amount : 24-11-1997 / ANS
- Mortgagee : DBS Bank (HK) Ltd.
(discharged on 28-1-2004)
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
Outside source indicates that SC is engaged in trading of diamond.
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 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 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 a commercial telephone line (number
852-23686769) is registered under the name of SC.
Repeated calls made to the said phone no. were unanswered on all
occasions during office hours.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)