MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ARGO DIAM |
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Registered Office : |
Rm 1001, 10FL Guard Force Centre - Block 1, |
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Country : |
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Date of Incorporation : |
February 15, 2006 |
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Com. Reg. No.: |
36442272-000 |
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Legal Form : |
Sole Proprietorship |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
name &
address
ARGO DIAM
RM 1001, 10FL GUARD FORCE CENTRE - BLOCK 1,
EAST HUNGHOM
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY
15, 2006
REGISTRATION NO. :
36442272-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. RAJESHKUMAR C. SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
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 :
COMPETATIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.81542 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Registration*
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License number : 36442272-000
Date issued : 15
February, 2006
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
Registration
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Under
Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Rajeshkumar C. Shah
Founder : Sole Founder
HKID no. :
P2639274
Address : Rm
B, 10Fl Princess Terrace
Date of appointment : 15
February, 2006
Responsibility : Handles
the overall management of the company.
*Operations Status*
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Extensive investigations have been conducted to identify the status of
commercial operations of the Subject Business Entity and the following were
revealed :
1. The contact numbers provided (Tel no. : (853) 31134585 and Fax no. :
(853) 31545605) is incorrect. Please note that the dialing code for
2. Despite numerous enquiries being made we have been unable to
establish the precise nature or extent of the company's present operations.
3. No further details were made available through any public sources
pertaining to the above name.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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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.
SC management declined to release its financial details at present.
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.
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%)