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MIRA
INFORM REPORT
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Report Date : |
22.12.2007 |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name and address of the company
MEI
LAI CREATION
FLAT D 11FL WINDSOR MANSION 29-31 CHATHAM RD
SOUTH TSIM SHA TSUI NEW TERRITORIES, HONG
KONG.
TEL: N/A
FAX: N/A
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:
l
Information obtained is insufficient for compiling a standard report.
l
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.
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*Company Registration*
===================
License number : 38086329-000
Date issued : 22 June,
2007
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
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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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Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholder
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*Key Personnel*
============
Saileshkumar K. Bhimani
Founder :
Sole Founder
National ID no. :
ZZ528930A
Address :
Flat D 11Fl Windsor Mansion 29-31 Chatham Rd South, Tsim Sha Tsui, New
Territories
Hong Kong
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The nature
and extent of the company's operations could not be determined and it could not
be confirmed whether the company operates from the Registered Office address or
in another location.
*Main Products & Services*
======================
Believed to be engaged in importing and local purchasing of wide range
of diamonds and jewelry.
Products: Diamond
Jewelry
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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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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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As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : HSBC PRIVATE BANK
(SUISSE) SA
Branch : Central, Hong
Kong
Branch Address : Level 13 & 14 HSBC Main Bldg 1 Queen's Rd Central
Hong Kong (Head Office)
SWIFT Code : BLICHKHK
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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.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles of
jewelry & parts, of precious metal or clad
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%)