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MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
VAMASTAR (H.K.) LTD. |
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Registered Office : |
7/F, Man On Commercial Building, 12-13
Jubilee St., Central, Hong Kong. |
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Country : |
Hong Kong. |
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Date of Incorporation : |
25.04.2006 |
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Com. Reg. No.: |
1040440 |
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Legal Form : |
Private Limited Company |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
VAMASTAR
(H.K.) LTD.
7/F, MAN ON COMMERCIAL BUILDING, 12-13 JUBILEE ST., CENTRAL, 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.
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The correct name of SC is the heading one instead of "Vama Star (HK) Ltd." given by you.
SC is a private limited co. incorporated under co. file no. 1040440 on 25-4-2006.
Details of its incorporation information are shown to be as follows:
Authorized capital :HK$1M divided into 1M shares @ HK$1.-
Paid-up capital :HK$1.-
Shareholders/subscribers (as at 27-4-2006)
Name(s),
ID/passport number, nationality & registered address No. of Shares
- *Shah Kalpesh Rajnikant / Z1115190 / Indian 1
/ Rm 801, 8/F, Earth Apts., Parshwarnath Complex, ==
Kailash Nagar, Sagrampura, Surat, India.
Directors(as at 27-4-2006)
Name(s), ID/passport number & nationality Registered address
*Also director
- Mehta Mayurkumar Rohitbhai 15 Mahavir Jain Society, Amibkanagar,
/ F3997919 / Indian Idgah Road, Palanpur, Banaskantha, Gujarat.,
India.
The above information is based on SC's registration documents filed in Companies Registry within the last 2 years.
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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): None filed since its incorporation date.
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Shah Kalpesh Rajnikant, director: 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
Mehta Mayurkumar Rohitbhai, director: 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
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Detailed information regarding its activities is not available.
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SC is not known to have any subsidiary at
present.
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On 13-2-2007, 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 SC's name was not seen on display. Instead, the following co. name(s) was/were seen on display:
- Dhun Sukheswalla & Co.
- Dhun's Management Services Ltd.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
The premises are occupied as office by Dhun Sukheswalla & Co. which is a certified public accountants firm with sideline business in providing company secretarial services.
Our reporter then contacted a female staffmember of the said co. She refused disclosing any information on SC.
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Our current inquiry reveals that no such name as SC is registered as a current user of local fixed line telephone companies.
Our inquiry revealed that the contact telephone no. of Dhun Sukheswalla & Co. is 852-28508826. Through the said telephone no, we managed to contact Mustafa Arooj, secretary of the said co.
She confirmed that SC is one of the many cos. whose secretarial & accounting affairs being handled by them.
It is a general practive in Hong Kong that a firm of such business nature does not disclose a client's information to the third party without the client's consent.
She had promised to pass our message & deliver our brochure & questionnaire to SC's principal (s). However, we have not yet received any reply.
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SC is unknown in the local market or to the sources we contacted. Our database also indicates no further information regarding SC. We are unable to establish the precise nature of SC's operations & assess SC's credit standing for the time being. For coming into any credit dealings consideration, attention should be given to its short corporate history, limited ownership background and lack of business track record.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted indicate that SC was not involved in any property transaction (both purchase & disposal) in Hong Kong for the last 6 years.
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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