MIRA
INFORM REPORT
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Report Date : |
01.08.2007 |
IDENTIFICATION DETAILS
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Name : |
D M DIAMONDS |
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Registered Office : |
Unit J, 23/F, Chee On Building, |
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Country : |
Hong
Kong |
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Date of Incorporation : |
29-12-2006 |
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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 |
COMPANY NAME &
ADDRESS
D M DIAMONDS
UNIT J, 23/F, CHEE ON BUILDING,
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:
Information obtained is insufficient for compiling a standard report.
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.
Note: The concrete address of SC is the heading one.
SC was established under Business Registration Certificate no. 37491395 on
29-12-2006 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
Mascarenhas Danny / F7193108 Same as heading business address
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
Civil litigation/winding-up petitions : None in our
database.
Masarenhas Danny, sole proprietor:
- 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 diamonds & jewellery. Detailed information
regarding its activities is not available.
Detailed information regarding its activities is not available.
Property ownership : Current land search indicates that the ownership
details of the heading business address is as follows:
- Owners(s) :
- Date of purchase & amount : 10-3-1987 / $0.45M
- Date of mortgage & secured amount : NA
- Mortgagee : NA
SC is not known to have any subsidiary at present.
On 27-7-2007, our reporter visited the registered office address and
reported as follows:
The address is a residential premise outside of which no company name
was seen on display.
The area of the premises is not known, as our field reporter could not
gain entrance to the premises.
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.
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%)