MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
VEER ENTERPRISES |
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Registered Office : |
8Fl Camma Bldg - Block C 16 Cameron Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.04.2006 |
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Com. Reg. No.: |
36674968-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Believed to be
involved in the import and export of diamonds. |
RATING &
COMMENTS
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MIRAs Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
VEER ENTERPRISES
8FL CAMMA BLDG - BLOCK C 16 CAMERON RD, TSIMSHATSUI KOWLOON, HONG KONG
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION
DATE : APRIL 25, 2006
REGISTRATION
NO. : 36674968-000
CHIEF
EXECUTIVE : MR.
HARSHABEN K. MORAKHIA (PARTNER
STAFF
STRENGTH : N/A
CAPITAL : N/A
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT
: NOT YET
DETERMINED
RECOMM.
CREDIT RANGE : NO RECOMMENDATION
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : N/A
GENERAL
REPUTATION : N/A
EXCHNAGE
RATE : HKD 7.77390 =
US$1 AS OF 2006-12-29
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD Hong Kong Dollars
*Company
Registration*
===================
License number :
36674968-000
Date issued :
25 April, 2006
Issuing
authority : Business Registration Office
Type of
license : Business license
*Reputation*
==========
Due to the lack of
any third party references and the proprietorship nature of the company's
business, we were unable to establish the level of the firm's reputation within
the respective industry.
SC is
not known to host website of its own at present.
For the past two
years there is no record of litigation.
*Major Shareholders*
==================
Partners' Name
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Harshaben K.
Morakhia
Kirit Jayantilal
Morakhia
Name Nationality
Job Description
Mr. Harshaben K.
Morakhia Hong Kong Partner
Mr. Kirit Jayantilal
Morakhia Hong Kong Partner
*Key Personnel*
=============
(1)
Kirit Jayantilal
Morakhia
National ID No :
ZZ5220733
Founder : Co-founder
Address : 8Fl Camma Bldg 16 Cameron Rd, Tsimshatsui, Kowloon Hong Kong
(2)
Mr. Harshaben K.
Morakhia
National ID No :
ZZ5220741
Founder : Co-founder
Address : 8Fl Camma Bldg 16 Cameron Rd, Tsimshatsui, Kowloon Hong Kong
*Operations Status*
=================
No telephone
listing could be found for the company. It is therefore not possible to contact
the company directly to obtain further information. The nature and extent of the
company's operations could not be determined and it could not be confirmed
whether the company operates from the Registered Office address or in another
location.
*Main Products
& Services*
======================
Believed to be
involved in the import and export of diamonds.
Products : Diamond
SC is not known to
have any subsidiary at present.
PAYMENT RATING : NR
OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates
the payment pattern of SC based upon our Payment Database, comments from
suppliers of SC, information from banks (if available), as well as industrial
sources.
As a partnership
firm there is no legal requirement according to local corporate law for public
disclosure of detailed financials.
Based on the investigations performed, it has not
been possible to prepare a normal credit report on the company. Given the circumstances,
caution is advised related to dealings with persons claiming to represent such
an entity.
ATTACHED: TRADE REFERENCES
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911
Jewelry, of precious metal
Trading 3915
Jeweler's findings and
materials, and lapidary work
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7116201000
Jewelry of precious or semiprecious
stones
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 SCs 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%)