MIRA
INFORM REPORT
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Report Date : |
09.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HARCOURT SINCLAIR |
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Registered Office : |
Rm 9, 10FL |
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Country : |
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Date of Incorporation : |
September 26, 2002 |
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Com. Reg. No.: |
33001011 |
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Legal Form : |
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Line of Business : |
Believed to be operating as liquidators and auctioneers. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
HARCOURT SINCLAIR
RM 9, 10FL
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 26, 2002
REGISTRATION NO. :
33001011
CHIEF EXECUTIVE :
MR. SHOAIB SULTAN AND MR.
SOHAIL SULTAN (PARTNER)
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 :
N/A
EXCHNAGE RATE :
HKD 7.80912 = US$1 AS OF 2007-6-8
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 : 33001011
Date issued : 26
September, 2002
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form :
Partnership
*Reputation*
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Due to the lack of any third party references, We were unable to
establish the level of the firm's reputation within the respective industry.
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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Shoaib Sultan
Sohail Sultan
*Company Directors*
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Based on corporate filing regulations for this type of entity in
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Shoaib Sultan
Mr. Sohail Sultan
*Key Personnel*
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Sohail Sultan
National ID no. : XG3568303
Address : Flat 1B Mei
Wah Court Block 22 Phase 3 South Horizan, Apleichan, Hong Kong,
Date appointed : 5 January, 2007
Shoaib Sultan
National ID no. : XG4510589
Address : Flat/Rm C 1Fl
4 Leung Fai Terrace, Mid-levels,
Date appointed : 26 September, 2002
*Operations Status*
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No telephone listing could be found for the company. It is therefore not
possible to contact the company directly to obtain further information. The
nature and extent of the company's operations could not be determined and it
could not be confirmed whether the company operates from the Registered Office
address or in another location.
*Main Products & Services*
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Believed to be operating as liquidators and auctioneers.
Products : Auctioneers
Liquidators
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 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.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address :
Swift code : HSBCHKHH
As a partnership 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%)