MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GEM DE
SHINE |
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Registered Office : |
14/F, A/C A Block (Bk-12), Hankow Centre, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Line of Business : |
Engaged
in import, export and local sales of gems and diamond |
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 |
NAME & ADDRESS
GEM DE
SHINE
14/F, A/C A BLOCK (BK-12), HANKOW CENTRE, TSIMSHATSUI,
KOWLOON, HONG KONG. (AS
GIVEN)
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:
- Information
obtained is insufficient for compiling a standard report.
- 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 Certificate no. 20278863 on 14-9-1996
with present status as sole proprietorship.
Currently
obtained BR copy indicates the particulars of SC's principal(s) as
follows:Name(s) & ID / Passport No. Registered
address
- Seyed
Mohamed Buhary, B-7,
14/F, Hankow Centre, Ashley Road,
Mohamed A.C. / P152734(0) Tsimshatsui, Kowloon, HONG
KONG.
Registered
business address: Flat A6, Block A,
14/F, Hankow Centre, 47 Peking Road, Tsimshatsui, Kowloon, HONG KONG.
Material
change/ amendment within last 2 years:
Change in
business address: Moved to the
registered business address from Flat B1, Blk B, 14/F, Hankow Centre, 4A Ashley
Road, Tsimshatsui, Kowloon, HONG KONG in Oct 2003.
Our
inquiry reveals that your given address 14/F, A/C A Block (BK-12), Hankow
Centre, Tsimshatsui, Kowloon, HONG KONG is not a valid address in HONG KONG.
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.
Seyed
Mohamed Buhary, Mohamed A.C., sole proprietor.
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
A check
of our database & enquiry with outside sources indicate no information
regarding the background of SC's principals.
Besides, SC's principals could not be contacted for enquiry during our
course of report preparation.
SC is
reportedly engaged in import, export and local sales of gems and diamond.
Detailed
information regarding its activities is not available.
No
signboard was seen on display at entrance to the premises.
Property
ownership : Current land search indicates that the ownership details of the
heading business address is as follows:
-
Owners(s) : Minfair Investments Ltd.
- Date
of purchase & amount : 30-9-1992 / HKD3,865,000
- Date
of mortgage & secured amount : NA
- Date
of mortgage & secured amount : NA
-
Mortgagee : NA
SC is not known to have any subsidiary at present.
Our
reporter visited the registered address (Flat A6, 14/F, Block A, Hankow Centre,
47 Peking Road, Tsimshatsui, Kowloon, HONG KONG) and reported as follows:
The
address is a residential premises outside of which no company name was seen on
a residential display.
The area
of the premises is not known as our field reporter could not gain entrance to
the premises.
The
outer door of the premises was locked.
No one responded to our reporter's calls.
As the
said address is a residential premises to which visit is not feasible, we have
sent our questionnaire to the said address by mail.
So far,
we have not yet received any reply.
Our
current inquiry reveals that no such name as SC is registered as a current user
of local fixed line telephone companies.
In HONG KONG,
it is quite an unusual practice for an active company not having any telephone
line registered under its own name; as this will directly hinder its potential
customers to contact them & its activeness in the local market is also in
doubt.
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.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |