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MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
HARSH DIAM (HK) LTD |
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Registered Office : |
RM 907, 9FL Wayson Commercial Bldg, 28 Connaught Rd West
Sheung Wan, |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.01.2006 |
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Com. Reg. No.: |
1020793 |
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Legal Form : |
Offshore Company - Private Limited |
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
HARSH DIAM (HK) LTD
RM 907, 9FL WAYSON COMMERCIAL BLDG, 28 CONNAUGHT RD WEST SHEUNG WAN,
HONG KONG.
TEL: 852-21267282
FAX: 852-21267559
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 20, 2006
REGISTRATION NO. :
1020793
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
MR. SANJAY JAYANTILAL SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
NOT APPLICABLE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE :
NO RECOMMENDATION
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.79643 = US$1
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 : 1020793
Date issued : 20 January, 2006
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Offshore Company - Private Limited
License number : 36392314-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Office & Facilities*
================
Previous address : Flat
1, 4D, 4Fl Hang Wan Bldg 42-44 Granville Rd Tsimshatsui Kowloon (as geiven)
*Capital Details*
============
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00 divided into 1 shares of HKD
1.00/-each, fully paid
*Reputation*
==========
Due to the fact that the subject company:
(i) Does not maintain an
operational office in Hong Kong; and
(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*
=================
Only Sanjay Jayantilal Shah can sign on behalf of the company with seal
affixed.
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SC is not known to host website of its own at present.
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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
Shareholder's Name No of
Shares Amount of Shares (HKD) % of Shares
-------------------------- ----------------
--------------------------------
----------------
Sanjay Jayantilal Shah
1
1.00
100.00
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*Key Personnel*
============
Sanjay Jayantilal Shah
Passport number : F5945012
Address : Rm 907, 9Fl
Wayson Commercial Bldg 28 Connaught Rd West Sheung Wan Hong Kong
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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 / Business Center services. Based on telephone
discussions with the management of the Corporate Secretarial / Business Center
firm, it manages the annual legal corporate license renewals and related
matters on behalf of the Subject Business Entity. There is no known operational
office for the Subject Business Entity in the country listed above.
The name of the Corporate Secretarial / Business Center firm is:
WHS CONSULTANTS LTD
*Operations Status*
==============
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 : WHS
CONSULTANTS LTD
Address : Rm 907, 9Fl Wayson Commercial Bldg
28 Connaught Rd West
Suburb : Sheung Wan
City : Hong Kong
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : NR 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 Hong Kong corporate law,
the Subject Company, which is an Offshore corporation, is exempt from
the provisions of the Income Tax Act and therefore not obliged to disclose
their financial statements.
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Based on the investigations performed, it has not been possible to prepare
a normal credit report on the entity. 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. |
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%)