MIRA
INFORM REPORT
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Report Date : |
1st March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG ASSOCIATES |
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Registered Office : |
Rm F 12fl Golden Crown Court 66-70 Nathan Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.06.1968 |
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Com. Reg. No.: |
02478889 |
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Legal Form : |
Partnership |
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Line of Business : |
Import and export
of precious stone watch jewelry. |
RATING &
COMMENTS
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MIRA’s Rating : |
NR (No Rating) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY name &
ADDRESS
HONG KONG ASSOCIATES
RM F 12FL GOLDEN CROWN COURT 66-70 NATHAN RD
TSIMSHATSUI KOWLOON, HONGKONG
TEL: 886-2-28723531 FAX: 886-2-28723634
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 11, 1968
REGISTRATION NO. : 02478889
LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : MR. LEBBAI S. MOHAMED
SULAIMAN (CHAIRMAN)
STAFF STRENGTH : N/A
CAPITAL : US$ 1,287
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : NR
RECOMM. CREDIT
RANGE : NO RECOMMENDATION
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : PAIR
EXCHANGE RATE : TWD 32.73183 = US$1 AS OF
2007-1-16
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company
Registration*
===================
License number : 02478889
Date issued : 11 June, 1968
Issuing
authority : Business Registration
Office - Inland Revenue Dept
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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Shareholder's
Name
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Mr. Syed Ahamed
Mohamed Noohu
Mr. Lebbai S.
Mohamed Sulaiman
Management: Mr. Lebbai S. Mohamed Sulaiman, Partner
Mr.
Syed Ahamed Mohamed Noohu, Partner
Name Nationality
Job Description
Mr. Lebbai S.
Mohamed Sulaiman Indian Partner
Mr. Syed Ahamed
Mohamed Noohu Indian Partner
*Key Personnel*
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(1)
Mr. Syed Ahamed
Mohamed Noohu
Founder : Co-founder
HKID no. : XA8819081
Address : Rm 8, 9Fl Star Mans 3
Minden Row Kowloon Hong Kong
Date appointed : 11 June, 1968
(2)
Mr. Lebbai S.
Mohamed Sulaiman
Founder : Co-founder
HKID no. : P3024664
Address : Rm F 12Fl Golden Crown
Court 68 Nathan Rd Tsimshatsui Kowloon Hong Kong
Responsibility : Handles the overall management of
the company.
Date appointed : 1 May, 2004
*Main Products
& Services*
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Registered to
engage in the import and export of precious stone watch jewelry.
Products: Jewelry
watches
Precious stone jewelry
*Operations Status*
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Extensive
investigation have been conducted to identify the commercial operation status
of the company but investigators were unable to identify current contact
details for the company.
Investigations have
included:
1. Site visit
2. Contact and
searches with the main local Telecom supplier for telephone and/or fax lines.
3. Checks with the
local trade and business associations.
4. Correlation with
addresses held by the official Company Registry; and
5. Check of held
with Hong Kong Inland Revenue Dept.
The most recent
address as listed in official government documents is:
Rm F 12Fl Golden
Crown Court 66-70 Nathan Rd
Although the
corporate license is still valid, investigators were unable to identify any
functioning office of the company.
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 85–100 |
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.
As a partnership
company, 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 entity. Credit dealings with
SC are not recommended.
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 7116
Articles of natural or cut
pearls, prec/semprc stones
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
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%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions