MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
PRESTO
TRADE |
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Registered Office : |
Rm 1504,15/F,Tung Shun Hing Comm'l Ctr.,
20-22granville Road, Tsimshatsui,Kln., Hong Kong. |
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Country : |
Hong Kong. |
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Date of Incorporation : |
1-6-1991 |
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Legal Form : |
Partnership. |
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Line of Business : |
Engaged
in trading of diamond |
RATING & COMMENTS
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MIRA’s Rating : |
No
Rating |
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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 |
Name & address
PRESTO TRADE
RM 1504,15/F,TUNG SHUN HING COMM'L CTR.,
20-22GRANVILLE ROAD,TSIMSHATSUI,KLN., HONG KONG.(AS REGISTERED)
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:
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.
SC was
established under Business Registration no. 14592962 on 1-6-1991 with present
status as partnership.
Currently
obtained BR copy indicates the particulars of SC's principal(s)
as
follows:Name(s) & ID / Passport No. Registered
address
- Lodha
Praveen Raghunath 164/72
Soi Puttha Osot, New Road,
/
A432932 Bangrak,
Bangkok-10500, Thailand.
-
Varshit Jain Flat
9A, Kok Pah Mansion,
/ ZZ4948431 58-60
Cameron Road, Tsimshatsui,
Kowloon,
Hong Kong.
Material
change / amendment within last 2 years:
Change
in business address: Moved to the
heading business address from Flat B, 13/F, Kok Pah Mansion, 58-60 Cameron
Road, Tsimshatsui, Kowloon, Hong Kong on 9-11-2005.
Change
in partners:
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Date: 14-10-2005
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Appointed partner: Varshit Jain
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Appointment date: 15-8-2005
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Date: 14-10-2005
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Resigned partner: Mutha Dharmendra
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Resignation date: 31-8-2005
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Date: 6-3-2003
- Resigned
partner: Sacheti Vivek
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Resignation date: 28-2-2003
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.
Mortgage/charge
record(s) :In Hong Kong, unlimited companies are not required to file its
charge particulars for public search.
Varshit
Jain, partner: He is by Indian
nationality.
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
Lodha
Praveen Raghunath, partner: He is by
Indian nationality.
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
Outside
source indicated SC is engaged in trading of diamond.
The products are mainly imported from Thailand & India & sell to
North America & Western Europe.
SC is not known to have any subsidiary at present.
On
21-8-2006, a visit to the premises at the heading business address by our field
reporter revealed the following:
The
address is a commercial premises outside of which no company name was seen on
display.
The
outer door of the premises was locked.
No one responded to our reporter's calls.
Our
reporter inserted our co brochure and questionnaire to the premises through the
space below the door.
So far,
we have not yet received any reply.
It is
not ascertained whether SC is still in operation.
Our
current inquiry reveals that no such name as SC is registered as a current user
of local fixed line telephone companies.
A call
made to tel. no. 852-27214630 was answered by an unidentified female. She stated that the said tel. no. & the
registered address do not belong to SC. However, she advised that she can
contact Varshit Jain, SC's partner and pass our message to him. So far, we have not yet received any reply.
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/normal. |
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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