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MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
KD DIAMONDS (HK) LTD |
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Registered Office : |
8FL Kimley House Block A |
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Country : |
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Date of Incorporation : |
08.09.2004 |
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Com. Reg. No.: |
921556 |
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Legal Form : |
OFFSHORE COMPANY - PRIVATE LIMITED |
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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
KD DIAMONDS (HK) LTD
8FL KIMLEY HOUSE BLOCK A
TSIMSHATSUI
TEL: 852-25216838
FAX: 852-28106317
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 8, 2004
REGISTRATION NO. :
921556
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,279
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.82896 = US$1 AS OF 2007-8-7
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
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*Company Registration*
===================
License number : 921556
Date issued : 8 September, 2004
Issuing authority : Companies Registry
Type of license : Corporate
License number : 34958473
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : KEDIAM HK LTD
Date of incorporation : 8
September, 2004
Changed name to : KD DIAMONDS (HK) LTD
Date of change : 13 October, 2004
*Capital Details*
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Nominal capital : HKD
10,000
Paid-up capital : HKD 1,000 divided into 1,000
ordinary shares of HKD 1.00/ -each
*Reputation*
===========
Due to the fact that the subject company :
(i) Does not maintain an
operational office in
(ii) There is no knowledge or public record of overseas business
activities
It has not been possible to ascertain the reputation of the company.
*Approved Signatures*
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Only Dhiren Ramanlal Shah can sign on behalf of the company with seal
affixed.
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E-mail: jofung@hktcw.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholder : 1
Total number of shares
: 1,000
Shareholder's Name No. of
Shares Amount of Shares (HKD) % of Shares
--------------------------- ------------------ --------------------------------- ----------------
Dhiren Ramanlal Shah
1,000
1,000.00
100.00
*Director's Details*
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Dhiren Ramanlal Shah
Passport No : 21588660
Resident status :
Address :
Responsibility : Handles the overall management of
the company
*Company Secretary*
=================
BELFORD LTD
Address :
12Fl Grand Bldg
CR no. : 333311
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SC declined to release its management background details at present.
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OPERATIONAL STATUS
The Subject Business Entity does NOT maintain an operational office at
the address listed above. The office located at the address above (including
telephone and fax numbers) is operated and managed by a firm specializing in
Corporate Secretarial /
The name of the Corporate Secretarial /
BELFORD LTD
*Operations Status*
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Although the company is a legally registered business entity, it does
not maintain an Operational office, nor any employees in this country, but
rather employs the services of a local firm engaged in corporate secretarial
management services to "maintain" company licenses on behalf of
owners who are located overseas.
The management services usually involves registering the office address
as the same one used by the firm employed to "maintain" the license,
as well as receive any mail address to the company, forward any mail to the owners,
attend to license renewals, corporate levies and related issues.
The local firm employed to perform maintenance for this company is:
Company Name : BELFORD
LTD
Address : 12Fl Grand Bldg
Suburb : Central
City :
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING :6 OBTAINED SCORES : No Data
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Rating Key |
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.
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Under
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Although the Subject Business Entity is legally registered, it is
currently only a "shelf company" and maintains no known business
activity. Great caution is required in providing credit to SC & COD is
recommended.
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%)