MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNNY DIAM (HK) |
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Registered Office : |
4FL Taichi Court - Block B 132-134 Austin Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
May 3, 2005 |
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Com. Reg. No.: |
35583409-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Believed to be engaged in trading precious stones. |
RATING &
COMMENTS
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MIRAs 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 : |
Moderate |
name &
address
SUNNY DIAM (HK)
4FL TAICHI COURT - BLOCK B 132-134 AUSTIN RD TSIMSHATSUI KOWLOON,
HONG KONG.
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 3, 2005
REGISTRATION NO. :
35583409-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SAMISH PRAVIN SHAH (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE :
HKD 7.81060 = 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
*Reputation*
==========
Due to the lack of any third party references and the
proprietorship nature of the company's business, we were unable to establish the
level of the firm's reputation within the respective industry.
SC is not known to host website of its own at present.
For the past 2 years there is no
record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is neither requirement for Shareholders nor requirement for public
to disclose its shareholders.
*Key Personnel*
============
Samish Pravin Shah
Founder : Sole Founder
National ID number
: ZZ4753118
Address
: Rm 16B 16Fl Ho On Mansion 107-109 Austin Rd Tsimshatsui Kowloon Hong
Kong
*Operations Status*
==============
No telephone listing could be found for the company. It is
therefore
impossible 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 trading precious stones.
Products : Precious stones
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
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.
As a sole-proprietorship there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
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 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
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 SCs 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%)