MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
VEER
ENTERPRISES |
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Registered Office : |
8Fl Camma Bldg - Block C 16 Cameron Rd,
Tsimshatsui Kowloon, 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.: |
36674968-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Believed
to be involved in the import and export of diamonds. |
RATING & COMMENTS
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MIRAs Rating : |
NR (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 : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
VEER ENTERPRISES
8FL CAMMA BLDG - BLOCK C 16 CAMERON RD,
TSIMSHATSUI KOWLOON, HONG KONG
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 25, 2006
REGISTRATION NO. :
36674968-000
CHIEF EXECUTIVE :
MR. HARSHABEN K. MORAKHIA (PARTNER
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE :
NO RECOMMENDATION
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.77390 = US$1 AS OF 2006-12-29
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 : 36674968-000
Date
issued : 25 April, 2006
Issuing
authority : Business Registration Office
Type of
license : Business license
*Reputation*
==========
Due to the
lack of any third party references and the proprietorship nature of the
company's business, we were unable to establish the level of the firm's
reputation within the respective industry.
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*
==================
Partners'
Name
---------------------
Harshaben
K. Morakhia
Kirit
Jayantilal Morakhia
Name Nationality
Job Description
Mr.
Harshaben K. Morakhia Hong Kong Partner
Mr.
Kirit Jayantilal Morakhia Hong Kong
Partner
*Key
Personnel*
=============
(1)
Kirit
Jayantilal Morakhia
National
ID No : ZZ5220733
Founder : Co-founder
Address : 8Fl Camma Bldg 16
Cameron Rd, Tsimshatsui, Kowloon Hong Kong
(2)
Mr.
Harshaben K. Morakhia
National
ID No : ZZ5220741
Founder : Co-founder
Address : 8Fl Camma Bldg 16 Cameron Rd, Tsimshatsui, Kowloon Hong Kong
*Operations
Status*
=================
No
telephone listing could be found for the company. It is therefore not possible
to contact the company directly to obtain further information. The nature and
extent of the company's operations could not be determined and it could not be
confirmed whether the company operates from the Registered Office address or in
another location.
*Main
Products & Services*
======================
Believed
to be involved in the import and export of diamonds.
Products
: Diamond
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 85100 |
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.
As a
partnership firm there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
Based on
the investigations performed, it has not been possible to prepare a normal credit
report on the company. Given the circumstances, caution is advised related to
dealings with persons claiming to represent such an entity.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3911
Jewelry, of precious metal
Trading 3915
Jeweler's findings and
materials, and lapidary work
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7116201000
Jewelry of precious or semiprecious
stones
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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