MIRA
INFORM REPORT
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Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
QUEST
TRADING CO |
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Registered Office : |
Unit
606, 6fl Pacific Trade Centre 2 Kai Hing Rd , Kowloon Bay Kowloon, Hong Kong. |
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Country : |
Hong
Kong |
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Date of Incorporation : |
09.04.2005 |
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Com. Reg. No.: |
35542883 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Engaged
in trading consumer products. |
RATING & COMMENTS
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MIRA’s Rating : |
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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 : |
Small
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
QUEST TRADING CO
UNIT
606, 6FL PACIFIC TRADE CENTRE 2 KAI HING RD , KOWLOON BAY KOWLOON, HONG KONG
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION
DATE : APRIL 9, 2005
REGISTRATION
NO. : 35542883
LEGAL
FORM : SOLE
PROPRIETORSHIP
CHIEF
EXECUTIVE : MR.
RAJASEKAR MANNE (CHAIRMAN)
STAFF
STRENGTH : N/A
CAPITAL : US$ 1,287
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : COD TO SMALL AMOUNT
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : FAIR
GENERAL REPUTATION : FAIR
EXCHANGE
RATE : HKD 7.81322 =
US$1 AS OF 2007-2-16
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
*Company
Registration*
===================
License
number : 35542883
Date
issued : 9 April, 2005
Issuing
authority : Business Registration Office - Inland Revenue Department
Type of
license : Business
SC is
not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major
Shareholders*
================
Under
Hong Kong corporate law, there is no existing "shareholder" in a sole
proprietorship.
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 Shareholders.
*Key
Personnel*
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Mr.
Rajasekar Manne
Founder : Sole Founder
HKID no : P0642308
Address : Rm 21B Kai Tien Mansion 17 Taikoo Wan Rd, Taikoo Shing, Hong Kong
Date of
appointment : 9 April, 2005
Responsibilities :
Registered as the key owner and operator of the business.
*Operations
Status*
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Extensive
investigations have been conducted to identify the commercial operation status
of the company.
Investigations
have included:
1. Site
visit
2.
Contact and searches with the main local Telecom supplier for telephone and/or
fax lines.
3.
Checks with the local trade and business associations.
4. Check
of held with Hong Kong Inland Revenue Dept but investigators were unable to
identify current contact details for the company.
The most
recent address as listed in official government documents is:
Unit
606, 6Fl, Pacific Trade Centre, 2 Kai Hing Rd
Although
the corporate license is still valid, investigators were unable to identify any
functioning office of the company.
*Main
Products & Services*
======================
Believed
to be engaged in trading consumer products.
Products:
Consumer products
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 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.
Dealings on open terms may be possible for NO RECOMMENDATION
amounts depending on individual judgement experience.
*Bank
Details*
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Bank Name
: HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Central,Hong
Kong
Branch
Address : HSBC Main Bldg 1
Queen's Rd Central Hong Kong (Head Office)
SWIFT
Code : HSBCHKHH
BASED ON
THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN POSSIBLE TO PREPARE A NORMAL
CREDIT REPORT ON THE ENTITY.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3999
Manufactured articles,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 9600
Miscellaneous manufactured
articles
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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