MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
NINE STONE |
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Registered Office : |
Flat 901, 9/F, Harbour Centre, Tower 2, |
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Country : |
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Date of Incorporation : |
16-06-2006 |
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Com. Reg. No.: |
36853538 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of fine jewelry. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
NINE STONE
FLAT 901, 9/F, HARBOUR CENTRE, TOWER 2,
TEL : 852 2311 3011
FAX : 852 2311 1167
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.
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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. 36853538
on 16-06-2006 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
Maniar Mayur Subodchandra Flat
B, 7/F,
Kln,
HK
Maniar Mayur Subodchandra, director
Registered residential address: Flat B, 7/F,
Property ownership: Current land search
indicates that the said premises ownership as follows:
- Owner(s) : Muhammad Naeem
- Date of purchase & consideration : 5-12-2006 / HK$5,000,000
- Date of mortgage & secured amount : ANS
- Mortgagee : ANS
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following 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
SC is reportedly engaged in trading of fine jewelry.
Location : Maintaining its office & showroom at the heading business
address which occupies a gross area of 2,500 square feet at an industrial
building in an industrial district.
Condition inside the premises during our visit : Active.
Office/factory layout : Standard.
No. of employee: 2
Jointly occupying the premises with the following company:
Company name: In Collection Ltd.
Year established: 2005
Business nature: Import & supply of diamond
Address: Same as heading address
Turnover: NA
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 an industrial premises outside of which the following company
names were seen on display:
-Nine Stone
- Dimoni Ltd.
- In Collection Ltd.
The gross area of the premises is estimated at 2,500 square feet.
Condition inside the premises during our visit: Active
Our reporter then contacted an unidentified lady of the said co.
She confirmed SC is operating in there but refused to disclose further
information on the ground that it is the company's policy not releasing any
company information to a third party without knowing the identity of the
inquiry party.
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.
Outside sources indicated the contact information of SC is as follows:
Tel: 852-23113011
Fax: 852-23111167
A call was made to the tel. 852-23113011, and we managed to contact Ms.
Wong, SC's administrator. She claimed that SC moved to the heading address at
the beginning of January, 2007. She refused releasing details information about
SC but advised that SC is engaged in trading of fine jewelry where sources are
mainly from
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%)