MIRA
INFORM REPORT
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Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HEERA BLUE |
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Registered Office : |
17FL |
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Country : |
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Date of Incorporation : |
September 26, 2005 |
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Com. Reg. No.: |
36043694-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in indenting commission agents. |
RATING & COMMENTS
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MIRAs 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 : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
HEERA BLUE
17FL
TSIMSHATSUI
TEL : 852-23687630
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : SEPTEMBER
26, 2005
REGISTRATION NO. :
36043694-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SALAHUDEED N. A. AHAMED(CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
HKD 7.81780 = US$1 AS OF
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 : 36043694-000
Date issued : 26
September, 2005
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Operations Status*
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Current operations of the firm could not be confirmed during the course
of the investigation due to the following reasons :
1. Tried several attempts to call
the company to obtain more information and it has not been successful, since
there was NO one answering the call.
2. Additionally, attempts to find alternate contacts were unsuccessful.
These include:
- Site visit
- Contact and searches with
the main local Telecom supplier for telephone and/or fax lines.
- Checks with the local trade
and business associations.
- Correlation with addresses
held by Company Registry and Inland Revenue Department,
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Salahudeed N. A. Ahamed
HKID number : ZZ4934171, National ID No
Address : Rm 17E 17Fl
*Main Products & Services*
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Engaged in indenting commission agents.
Products: Commission agents
Commission agents on
indent
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
Dealings on open terms may be possible for C.O.D. amounts
depending on individual judgement experience.
As a sole proprietorship 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
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc
repairs
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 SCs 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%)