MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARGO DIAM |
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Registered Office : |
Rm 1001, 10fl Guard Force Centre - Block 1, 3 Hok Yuen St
East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 15, 2006 |
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Com. Reg. No.: |
36442272-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
name &
address
ARGO DIAM
RM 1001, 10FL GUARD FORCE CENTRE - BLOCK 1, 3 HOK YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY
15, 2006
REGISTRATION NO. :
36442272-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. RAJESHKUMAR C. SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM. CREDIT RANGE : NR
MARKET CONDITION :
COMPETATIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.81542 = US$1 AS OF 2007-4-20
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 : 36442272-000
Date issued : 15 February, 2006
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Registration
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*
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Under Hong Kong corporate law, there is no existing
"shareholder" in a sole proprietorship.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Key Personnel*
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Rajeshkumar C. Shah
Founder : Sole Founder
HKID no. :
P2639274
Address : Rm
B, 10Fl Princess Terrace 21 Man Fuk Rd, Ho Man Tin, Kowloon Hong Kong
Date of appointment : 15
February, 2006
Responsibility :
Handles the overall management of the company.
*Operations Status*
================
Extensive investigations have been conducted to identify the status of
commercial operations of the Subject Business Entity and the following were
revealed :
1. The contact numbers provided (Tel no. : (853) 31134585 and Fax no. :
(853) 31545605) is incorrect. Please note that the dialing code for Hong Kong
is (852).
2. Despite numerous enquiries being made we have been unable to
establish the precise nature or extent of the company's present operations.
3. No further details were made available through any public sources
pertaining to the above name.
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 85–100 |
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.
SC management declined to release its financial details at present.
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.
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%)