MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KVN INTERNATIONAL |
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Registered Office : |
C/O Room 2207-2209, 22/F, Lippo Centre, Tower 2, Admiralty |
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Country : |
Hong Kong |
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Date of Incorporation : |
22-9-2005 |
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Com. Reg. No.: |
3603073 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & export of diamonds & gems-jewellery. |
RATING &
COMMENTS
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MIRA’s 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 : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name & address
KVN INTERNATIONAL
C/O ROOM 2207-2209, 22/F, LIPPO CENTRE, TOWER 2,
ADMIRALTY, HONG KONG.
TEL : 852 25308888
FAX : 852 25308100
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 no. 3603073 on 22-9-2005
with present status as partnership.
Currently obtained BR copy indicates the particulars of SC's principal(s)
as follows:
Name(s) & ID / Passport No. Registered address
- Jhaveri Priyesh Narendra / 3-A, Boyip Bldg., 6 Ashley Road, F0933062 Tsim
Sha Tsui, Kowloon, HK.
- Zaveri Kalpesh Dinesh -- ditto --
Chandra / F1541168
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.
Jhaveri Priyesh Narendra, partner:
- 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
Zaveri Kalpesh Dinesh, partner:
- 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 import & export of diamonds & gems-jewellery.
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 the following company
name was seen on display:
Asia Pacific Business Centre
The gross area of the premises is estimated at 2,500 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises is occupied as office by "Asia Pacific Business
Centre" which is a business centre. The said co. provides operational
(like telephone, fax & office equipment) & clerical support service to
its clients each of whom usually sub-leases a desk or a room as office there.
Our reporter then contacted a female staff of the said company.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
She refused disclosing any information regarding SC unless the identity
of inquiry party is disclosed.
It is a general practice in Hong Kong that a firm of such business
nature does not disclose a client's information to the third party without the
client's consent.
She had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, 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 finding indicates that the contact information of Asia Pacific
Business Centre is as follows:
- Tel: 852-25308888
- Fax: 852-25308100
A call was made to the tel: 852-25308888. We managed to contact an
unidentified person, and she claimed that the heading address is the
correspondence address of SC in HK, but she refused disclosing any information
regarding SC unless the identity of inquiry 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%)