MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CRYSTAL TRADING |
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Registered Office : |
Flat 4, Blk D, 10/F, Tsim Sha Tsui Mansion, Tsim Sha Tsui, Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
20595281 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Import/Export of Precious Stones |
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 : |
Ceased Business |
COMPANY NAME &
ADDRESS
CRYSTAL TRADING
FLAT 4, BLK D, 10/F, TSIM SHA TSUI MANSION, TSIM SHA TSUI, KOWLOON, HONG
KONG. (AS GIVEN)
TEL: NOT REGISTERED
FAX: NOT REGISTERED
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:
Information obtained is insufficient for compiling a standard report.
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.
Currently obtained Business Registration copy indicates SC ceased
operation on 1-1-2007. Partial registration
information as shown in SC's currently obtained Business Registration copy is
as follows:
Registration date :
1-1-1997
Business registration no. :
20595281
Company status :
Sole proprietorship
Last known business address :
Same as the heading business address
Name of sole proprietor :
Seyed Ahamed katheed Muzammil
Registered address :
BLK A, 4/F, Garden Mansion, 154-156 Austin Rd, TST, Kln, Hong Kong.
This section will contain the civil litigations & winding-up petitions
filed against SC for the last 6 years (as stored in our database), and the
mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of
such mortgage/charges by an unlimited co is not required to be registered in
the public records.
Civil litigation/winding-up petitions: None in our database.
Seyed Ahamed Katheed Muzammil, former sole proprietor:
Credit history check: This refers to a check of our database whether the
said person has been involved in any of the following records stored by us
within the last 6 years:
Civil litigation as defendants :
None in our database
Bankruptcy/winding-up petitions :
None in our database
Delinquent payment records :
None in our database
Debt collection records :
No overdue amount owed by the said person was placed to us for collection
As per SC's Business Registration copy currently obtained, the nature of
business is described as import/export of precious stones. Detailed information
regarding its import/export of precious stones activities is not available.
SC is not known to have any subsidiary at present.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
As SC has ceased operation & we cannot identify whether SC still
maintaining its business elsewhere, we have no ground on which to evaluate SC's
credit standing.
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 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%)