MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
VEER
ENTERPRISES |
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Registered Office : |
8FL Camma Bldg - Block C |
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Country : |
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Date of Incorporation : |
April 25, 2006 |
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Com. Reg. No.: |
36674968-000 |
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Legal Form : |
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Line of Business : |
Believed to be involved in the import and export of diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
VEER
ENTERPRISES
8FL CAMMA BLDG - BLOCK C 16 CAMERON RD
TSIMSHATSUI
TEL : 0086 13715356454
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
MARKET CONDITION : FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.81602 = US$1 AS OF 2007-7-10
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
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License number : 36674968-000
Date issued : 25 April,
2006
Issuing authority : Business
Registration Office
Type of license : Business
license
*Reputation*
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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.
The telephone number clients provided is
86 (0) 13715356454
When we dialed the above number, a gentleman answered the phone. He admitted
that his company is with the given name, however, he declined to release any
more information about his company without the benefit of knowing the identity
of the inquiring party , and also refused any means of interview.
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*
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Partners' Name
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Harshaben K. Morakhia
Kirit Jayantilal Morakhia
Name Nationality
Job Description
Mr. Harshaben K. Morakhia
Mr. Kirit Jayantilal Morakhia
*Key Personnel*
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(1)
Kirit Jayantilal Morakhia
National ID No :
ZZ5220733
Founder :
Co-founder
Address : 8Fl
Camma Bldg
(2)
Mr. Harshaben K. Morakhia
National ID No : ZZ5220741
Founder :
Co-founder
Address : 8Fl
Camma Bldg
*Main Products & Services*
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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 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.
As a partnership firm there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
Despite
having exhausted all our effort, we are unable to obtain sufficient information
to assess SC's credit standing.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)