MIRA
INFORM REPORT
|
Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KAY DIAMONDS (HK) LTD |
|
|
|
|
Registered Office : |
Suite 1402 Chekiang First Bank Centre 1 Duddell St Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
July 15, 2005 |
|
|
|
|
Com. Reg. No.: |
983378 |
|
|
|
|
Legal Form : |
Offshore Company - Private Limited |
RATING &
COMMENTS
|
MIRA’s Rating : |
NR |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Status : |
Offshore Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
name & address
KAY DIAMONDS (HK) LTD
SUITE 1402 CHEKIANG FIRST BANK CENTRE 1 DUDDELL ST CENTRAL,
HONG KONG.
TEL : [+852] 23763611
FAX : [+852] 27365115
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 15, 2005
REGISTRATION NO. :
983378
LEGAL FORM :
OFFSHORE COMPANY - PRIVATE LIMITED
CHIEF EXECUTIVE :
VINIT BHANKHARIA (COMPANY DIRECTOR)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 128,370
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE :
C.O.D.
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.76877 = USD1
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
*Capital Details*
============
Share value : HKD 1.00/-each
Nominal capital : HKD 1,000,000.00
Issued & paid up capital : HKD 500,000.00 was divided into 500,000 ordinary shares
*Company Registration*
==================
(1)
License number :
983378
Date issued
: 15 July, 2005
Issuing authority
: Companies Registry
Legal Form
: Offshore Company - Private Limited
(2)
License number :
35875878-001
Date issued
: N/A
Issuing authority
: Business Registration Office - Inland Revenue Dept
*Office & Facilities*
===============
Note
-------
We were unable to find any reference of the supplied address
on any local. The above address as
reflected on our report was confirmed to be its current registered/operating
address.
*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.
SC
is not known to host website of its own at present.
For the past 2 years there is no
record of litigation.
*Major Shareholders*
================
Total number of shareholder
: 1
Total number of shares : 500,000
Shareholder's Name No. of Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ------------------ ---------------------------------- ------------------
ARPEE GEM PTE LTD
500,000
500,000
100.00
*Directors' Details*
===============
(1)
Vinit Bhankharia
Address
: Flat H 12Fl Block 3 Site 5 Wampoa Garden Hunghom Kowloon Hong Kong
Passport no
: F4105560
(2)
Chetan Mehta
Address
: Apartment 222, 6 Hadasha St City Garden Tel Aviv Israel
Passport no
: Z-1115189
(3)
Bhavin Rashmi Mehta
Address
: 27 Berkanlaan Wilrijk Belgium
Passport no
: Z-1114967
*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 : PRIMA SECRETARIES LTD
Address :
Suite 1402 Chekiang First Bank Center 1 Duddell St
Suburb
: Central
City
: Hong Kong
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*Financials*
=========
Under Hong Kong corporate law, the Subject Company is exempt
from the provisions of the Income Tax Act and therefore not obliged to disclose
their financial statements.
SC does not maintain an operational office and is not engaged in direct business.
Taking into consideration of SC’s development history, background and operation
size, we would rate SC as a high credit risk company.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)