MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HALLMARK INTER GOLD CO., LTD. |
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Registered Office : |
4FL-2, 121 Ho Ping East Rd Section 1 Ta-An |
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Country : |
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Date of Incorporation : |
April 28, 2003 |
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Com. Reg. No.: |
80186555 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading gold and silver jewelry. |
RATING & COMMENTS
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MIRAs 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 : |
Ceased Operations |
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Payment Behaviour : |
-- |
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Litigation : |
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name & address
HALLMARK INTER GOLD CO., LTD.
4FL-2, 121 HO
TEL : 886-2-27176815
FAX : 886-2-25453150
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 28, 2003
REGISTRATION NO. :
80186555
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. KARAN MALPANI (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL :
US$ 172,335
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
POOR
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
POOR
OPERATIONAL TREND : POOR
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.343 = US$1 AS OF 2007-5-16
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
TWD
*Company Registration*
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License number : 80186555
Date issued : 28 April,
2003
Issuing authority : Ministry of
Economic Affairs
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Ownership*
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Chairman : Mr. Karan Malpani
Nationality : Indian
Products : Gold jewelry
Silver jewelry
*Main Products & Services*
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Previously engaged in trading gold and silver jewelry.
*Ceased Operations*
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EXTENSIVE INVESTIGATIONS HAVE BEEN CONDUCTED TO IDENTIFY THE STATUS OF
COMMERCIAL OPERATIONS FOR THIS COMPANY.
INVESTIGATIONS HAVE INCLUDED :
- SEARCH AT THE LOCAL
REGISTRAR
- VISIT TO THE BUSINESS
ADDRESS
- TELEPHONE CALLS
- CHECKS WITH LOCAL TRADE
ASSOCIATIONS
ALTHOUGH THE COMPANY REMAINS LEGALLY REGISTERED AS A CORPORATE ENTITY IN
NOTE
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The address as listed above is that of the Accounting firm which was
responsible for registration of the company license originally. However, on
contacting them they stated that the owners of HALLMARK have not been
contactable for almost 2 years.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 6 OBTAINED SCORES : 10
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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.
Based on extensive investigations it is believed that SC has ceased
operations due to financial difficulties. Therefore, no credit dealings are
recommended with SC at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry
and parts thereof, of silver
Trading 7113195000 Gold
jewelry goldsmiths wares and other gold articles
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%)