MIRA
INFORM REPORT
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Report Date : |
02.08.2007 |
IDENTIFICATION DETAILS
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Name : |
V K DIAMOND (HK) LTD. |
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Registered Office : |
Rm 707, Fu |
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Country : |
Hong Kong |
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 : |
Unknown |
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Litigation : |
Unknown |
name & address
V K DIAMOND (HK) LTD.
RM 707, FU
TEL : 852 2723 0097
FAX : 852 2311 1884
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.
Our current search indicates no such co. spelt as SC is on the
incorporated companies list in Companies Registry.
Our search revealed that a co named V K Diam (HK) Ltd. (close to SC’s
name) is registered in Companies registry in
- Registered address: Room 1206, 12/F, Tower A,
- Incorporated date: 3-10-2005
- Authorized capital: HKD$10,000 = 10,000 shares @HKD$1.-
- Paid-up capital: HKD$10,000
Shareholders (as at 3-10-2006)
--------------------------------
-* Mehta Vinod Mishrimal (5,000 shares)
-* Mehta Harshil Kishor (5,000 shares)
Total: 10,000 shares
Directors (as at 3-10-2006)
---------------------------
* Also directors
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 & industrial premises outside of which
SC's name was not seen on display. Instead, the following co. name was seen on
display:
OM Gem Creations Ltd.
The gross area of the premises is estimated at 2,800 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
A male who identified himself as staff member of SC was contacted there.
He advised that only SC's principal(s) could handle outside parties' business
enquiries on
He had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
Our search indicated that the telephone no. of OM Gem Creations Ltd.
(co. name on the signboard of the heading business address) is 852 2723 0097.
Through a phone contact to the said tel. no., we managed to contact Mr.
Patel who identified himself as SC's staff member. He disclosed that the name
of SC is incorrect. However, he declined releasing any further information on
SC as SC is a private venture.
Please advise the correct name of SC so that we may resume our
investigation.
Partial registration information regarding OM Gem Creations Ltd. (co.
name on the signboard of the bldg) is as follows:
Date of incorporation: 17-9-2004
Authorized capital: HKD$10,000 divided into 10,000 shares @ @HKD$1.-.
Paid-up capital: HKD$10,000
Shareholders (as at 17-9-2005) Number
of shares held
* Patel Shailesh Kumar Vallabh Bhai 5,000
* Goyani Satish Vithalbhai 5,000
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10,000
======
Directors (as at 17-9-2005)
* Also directors
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%)