MIRA
INFORM REPORT
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Report
Date : |
12.01.2007 |
IDENTIFICATION DETAILS
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Name
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KINETIC ARTWORK (HK) LTD. |
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Registered
Office : |
Rm 902, 9/F, Chinachem Tower, 34-37 Connaughtroad Central, Hong
Kong |
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Country
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Hong Kong |
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Date
of Incorporation : |
13-2-2004 |
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Legal
Form : |
Private Limited Co |
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 |
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Status
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Undetermined |
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Payment
Behaviour : |
Unknown |
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Litigation
: |
Clear |
Name
KINETIC ARTWORK (HK) LTD.
RM 902, 9/F, CHINACHEM TOWER, 34-37 CONNAUGHTROAD CENTRAL,
HONG KONG. (AS REGISTERED)
TEL: 852 25491073 (AS GIVEN)
FAX: 852 25491629 (AS GIVEN)
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.
Based on your given address, our findings revealed that the
correct name of SC is the heading one instead of the name given by you.
SC is a private limited co. incorporated under co. file no. 882370
on 13-2-2004.
Details of its incorporation information are shown to be as
follows:
Authorized capital :HKD10,000 divided into 10,000 shares @ HKD1.-
Paid-up capital :HKD2.-
Shareholders/subscribers (as at 13-2-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- *Gumnani Payal Prakash / Z1113700 / Indian 1
/ 34-A Empire Estate Bldg., Kemps Corner, Bombay-36, India.
- *Gumnani Prakash Rupchand / Z1452086 / Indian 1
/ -- ditto -- ---
2 ==
Directors(as at 13-2-2006)
Name(s), ID/passport number & nationality Registered address
*Also directors
The above information is based on SC's registration documents
filed in Companies Registry within the last 2 years.
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.
Gumnani Payal Prakash, 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
Gumnani Prakash Rupchand, 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
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.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary
at present.
On 14-8-2006, 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 SC's name
was not seen on display. Instead, the
following co. name(s) was/were seen on display:
- KL Secretaries Ltd.
The gross area of the premises is estimated at 1,500 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
Our reporter then contacted a female staff member of the said co.
She disclosed that the said co. is engaged in provision of
accounting & secretarial services to the public. She also provided the contact information as follows:
- Tel: 852-25491073-
Fax: 852-25491629
She confirmed that SC is one of the many cos. whose secretarial
& accounting affairs are being handled by them.
She had promised to pass our message & deliver our brochure
& questionnaire to SC's principal(s).
However, 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.
A call was made to Tel: 852-25491073 (given by you). We managed to contact Ms. Leung, a female
staff member of KL Secretaries Ltd. She
disclosed that the heading address is the correspondence address of SC in HONG
KONG. However, she refused disclosing
further information regarding SC as only SC's principal(s) could handle outside
parties' business enquiries on SC.
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.
-- 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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