MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MEI LAI CREATION |
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Registered Office : |
Flat D, 11/F, Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui,
Kln., |
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Country : |
Hong Kong |
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Date of Incorporation : |
22-6-2007 |
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Com. Reg. No.: |
38086329 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading & Manufacture of Diamond & Jewellery |
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 : |
Undetermined |
COMPANY NAME &
ADDRESS
MEI LAI CREATION
FLAT D, 11/F, WINDSOR MANSION, 29-31 CHATHAM ROAD SOUTH, TSIMSHATSUI,
KLN., HONG KONG.
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.
SC was established under Business Registration Certificate no. 38086329 on
22-6-2007 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's
principal(s) as follows:
Name(s) & ID / Passport No. Registered
address
- Bhimani Saileshkumar Same
as heading business address
Karsanbhai / E0855338
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.
Bhimani Saileshkumar Karsanbhai, 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 trading & manufacture of diamond & jewellery.
Detailed information regarding its trading & manufacture of diamond &
jewellery activities is not available.
SC is not known to have any subsidiary at present.
A visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a residential premise outside of which no company name
was seen on display.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Our reporter then contacted an unidentified male there. He advised that
through the tel. no. 852-66225250, we can contact SC's director.
He had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that no such name as SC is registered as a current
user of local fixed line telephone companies.
Repeated calls made to the tel. no. 852-66225250 (as provided by the
unidentified male during the field visit) either went unanswered or engaged
during office hours.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess 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%)