MIRA
INFORM REPORT
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Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIYA GEMS |
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Registered Office : |
Unit 1110B, 11/F, Hunghom Commercial Centre,Tower A, 39 Ma
Tau Wai Road, Hunghom, Kln |
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Country : |
Hong Kong |
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Date of Incorporation : |
11-4-2006 |
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Com. Reg. No.: |
36635124 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
-- |
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
DIYA GEMS
UNIT 1110B, 11/F, HUNGHOM COMMERCIAL CENTRE,TOWER A, 39 MA TAU
WAI ROAD, HUNGHOM, KLN, 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.
SC was established under Business Registration Certificate no. 36635124
on 11-4-2006 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
- Prajapati Manishkumar 301
Shampoom Garden, Soi-14 Sathon,
Jashvantbhai / F3044752 Bangkok,
Thailand.
Material change/amendment within last 2 years:
Change in name: SC was formerly
named " X Company" and adopted present name on 12-4-2006.
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.
Prajapati Manishkumar Jashvantbhai, sole proprietor.
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.
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 SC's name was not
seen on display. Instead, the following
co. name(s) was/were seen on display:
- Kiran Exports (Hong Kong) Ltd.
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.
Our inquiry revealed that the contact information of Kiran Exports (Hong
Kong) Ltd. is as follows:
- Tel: 852-23662488
- Fax: 852-27398288
Through a call made to the captioned tel. no., we managed to contact
Orahaoati Manishkumar Jashvantbhai, SC's sole proprietor. He claimed that SC is
engaged in trading of jewelry mainly on diamond. He refused disclosing any
further details of SC unless the identity of inquiring party is disclosed.
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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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%)