MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAMMY DIAM |
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Registered Office : |
TST P O Box 95530, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
8-7-2005 |
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Com. Reg. No.: |
35804407 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturing & trading of jewellery. |
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 : |
-- |
name & address
SAMMY DIAM
TST PO BOX 95530, KOWLOON, HONG KONG. (AS GIVEN)
TEL: 852 27366858 (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 was established under Business Registration Certificate no. 35804407
on 8-7-2005 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's
principal(s) are as follows:
Name(s) & ID / Passport No. Registered
address
- Desai Semil Hasmukh Flat
6, 33/F, Tower 6, Sorrento,
/ P427830(9) 1
Austin Road West, Tsimshatsui,
Kowloon,
HONG KONG.
- Desai Harsha Semil --
ditto --
/ P511032(0)
SC's registered office address:
Suite D, 7/F, Cameron Plaza, 23-25A Cameron Road, Tsimshatsui, Kowloon,
HONG KONG.
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.
Desai Semil Hasmukh, partner.
Registered residential address: As stated in "Registration
Information"
Property ownership: Current land
search indicates that the said premises ownership as follows:
- Owner(s) : Jumbo Well Investment Ltd.
- Date of purchase & consideration : 3-1-2002 /HKD $4.698M
- Date of mortgage & secured amount : 11-3-2003 / ANS
- Mortgagee : Bank of China (HK) Ltd.
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
Desai Harsha Semil, partner.
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.
Current search indicated that SC is engaged in manufacturing &
trading of jewellery.
Detailed information regarding its activities is not
available.
SC is not known to have any subsidiary at present.
Site visit to the heading address is not feasible as your given address
is a post office box no. in a post office in Hong Kong.
Our reporter visited SC's registered office address and reported as
follows:
The address is a residential premises outside of which SC's 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 a commercial telephone line (number
852-27366858) is registered under the name of SC.
During the course of our investigation, repeated calls made to the said
telephone no. were connected to a fax machine.
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%)