MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ADIT OVERSEAS |
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Registered Office : |
Rm A 8 Floor, |
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Country : |
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Date of Incorporation : |
02.01.1997 |
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Com. Reg. No.: |
20551845-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading wide range of household, electronic toys and gift
items |
RATING & COMMENTS
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MIRAs 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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
ADIT OVERSEAS
RM A 8FL
TEL: [+852] 23661619
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY.2, 1997
REGISTRATION NO :
20551845-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SANTOSH KUMAR KEDIA (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.82873 = USD1 AS OF 2007-8-6
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*
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License number : 20551845-000
Date issued
: 2 January, 1997
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
SC is not known to host website of its own at present
For the past 10 years there is no record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Santosh Kumar Kedia
Founder
: Sole founder
HKID no.
: P1248913
Address
: Rm A 8Fl Ashley Mansion
Date of Appointment :
2 August, 1999
*Operations Status*
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Current operations of the firm could not be confirmed during
the course of the investigation due to the following reasons:
1. Attempts to call
the company to obtain more information have not been successful, since the
above telephone number is not yet in service.
2. The company was
not found listed as a subscriber for local telecom company, hence, no available
contact details were found to confirm its current commercial operation.
3. Additionally, attempts to find alternate contacts were
unsuccessful. These include:
- Checks with the
local trade and business associations.
- Attempts to
identify trade references within the industry sector.
*Main Products & Services*
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Believed to be engaged in trading wide range of household,
electronic toys and gift items.
Products:
Electronic toys
Gift items
Household products
SC is not known to have any subsidiary at
present.
PAYMENT RATING :NR OBTAINED SCORES :No Data
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Rating Key |
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.
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
Service 5947
Gift, Novelty &
Souvenir Shops
Trading 3639
Household appliances and
parts
Trading 5092
Toys & Hobby Goods
& Supplies
Trading 5199
Nondurable Goods, NEC
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 8509
Electromech domestic
appliances; parts
Trading 9500
Toys, games & sports
equip; parts & accessories
Trading 9600
Miscellaneous manufactured
articles
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%)