MIRA
INFORM REPORT
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Report Date : |
20.08.2007 |
IDENTIFICATION DETAILS
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Name : |
PT WIDE ACTION JAYA LTD |
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Registered Office : |
RM 5-B |
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Country : |
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Date of Incorporation : |
18.10.2004 |
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Com. Reg. No.: |
0928312 |
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Legal Form : |
Private |
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Line of Business : |
Importing Computer Hardware |
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 : |
Slow |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
PT WIDE ACTION JAYA LTD
RM 5-B
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER.18, 2004
REGISTRATION NO : 0928312
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HIROO KISHINCHAND MELWANI (COMPANY DIRECTOR)
STAFF STRENGTH : N/A
CAPITAL :
US$ 12,788
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
FAIR
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 : 0928312
Date issued : 18 October, 2004
Issuing authority : Companies Registry
Type of license : Corporate
License number : 35007328-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 100,000.00
Paid-up capital : HKD 50,000.00 divided into 50,000 ordinary shares at HKD 1.00/-each
*Approved Signatures*
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Mr. Hiroo Kishinchand Melwani can sign on behalf of the company with seal affixed.
*Company Secretary*
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MULTI-CHAIN LTD
Address : Rm 301 Kam On Bldg 176A Queen's Rd C
License number : 209214
SC is not known to host website of its own at present
For the past 3 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of ordinary shares : 50,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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Mr. Hiroo Kishinchand Melwani 50,000 50,000.00 100.00
*Director's Details*
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Mr. Hiroo Kishinchand Melwani
Passport number : Z 1420446
Address :
Flat 1709/10
Mumbai
(
*Operations Status*
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No telephone listing could be found for the company. It is therefore not possible to contact the company directly to obtain further information. The nature and extent of the company's operations could not be determined and it could not be confirmed whether the company operates from the Registered Office address or in another location.
*Main Products & Services*
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Believed to be engaged in importing computer hardware.
Products : Computer hardware
SC is not known to have any subsidiary at present.
PAYMENT RATING :5 OBTAINED SCORES : 20
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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
Importing 3577
Computer peripheral
equipment, and parts
Importing 5045
Computers Equip/Software
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 8471
Automatic data process machines; mange
reader, etc. computer hardware
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. |
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%)