MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BRIGHT IMPEX |
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Registered Office : |
Rm 705, 7/F, Blk A, Hankow Centre, |
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Country : |
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Date of Incorporation : |
27-7-1993 |
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Com. Reg. No.: |
17187671 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & export of gems, diamond & other jewellery products. |
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 |
name & address
BRIGHT IMPEX
RM 705, 7/F, BLK A, HANKOW CENTRE, 47 PEKING ROAD, TSIMSHATSUI,
KOWLOON, HONG KONG.(AS GIVEN)
TEL : 852 23662227 (AS REGISTERED)
FAX : 852 23662337
(AS 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:
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Information obtained is insufficient for compiling
a standard report.
l
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. 17187671
on 27-7-1993 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
- Shaik Kamal Shahul Hameed Same
as heading business address
/ XD004573(5)
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
Civil
litigation/winding-up petitions : None in our
database.
Shaik Kamal Shahul Hameed, 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
The following information is based on our onfile record of SC:
SC is reportedly engaged in import & export of gems, diamond &
other jewellery products.
Location : Maintaining its office at the heading business address which occupies a
gross area of 600 square feet at a residential building in a residential
district.
The premises is rented.
SC is not known to have any subsidiary at present.
A visit to the premises at the heading business address by our field reporter revealed the following:
The address is a residential premises outside of which no company name
was seen on display.
Our reporter found that the premises is used as residence and that no
standard office equipment was installed there.
The outer door of the premises was locked. No one responded to our
reporter's calls.
Our reporter inserted our co brochure and questionnaire to the premises
through the space below the door.
So far, we have not yet received any reply.
Our current inquiry reveals that a commercial telephone line (number
852-23662227) is registered under the name of SC.
During the course of our investigation, repeated calls made to the said
telephone no. were connected to a fax machine.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
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%)