MIRA
INFORM REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BEST TRADING
CO |
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Registered Office : |
Flat B 9FL Mei Foo Sun Chuen - Mount Sterling Mall - Block
126 Broadway St Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.07.2006 |
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Com. Reg. No.: |
36971259 |
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Legal Form : |
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Line of Business : |
Importing & exporting business.
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RATING &
COMMENTS
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MIRAs Rating : |
NR |
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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 : |
-- |
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Litigation : |
-- |
name &
address
BEST TRADING
CO
FLAT B 9FL MEI FOO SUN CHUEN - MOUNT STERLING MALL - BLOCK 126
BROADWAY ST KOWLOON, HONG KONG
TEL: NA
FAX: NA
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 20, 2006
REGISTRATION NO. :
36971259
CHIEF EXECUTIVE :
MR. VISHAL UMESH PATEL (CHAIRMAN)
STAFF STRENGTH :
NA
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
NR
RECOMM. CREDIT RANGE :
NOT YET DETERMINED
MARKET CONDITION :
NO RECOMMENDATION
FINANCIAL CONDITION :
NA
OPERATIONAL TREND : NA
GENERAL REPUTATION :
NA
EXCHNAGE RATE :
HKD 7.81339 = US$1 AS OF 2007-03-05
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 : 36971259
Date issued : 20 July,
2006
Issuing authority : Inland
Revenue Department
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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Under Hong Kong corporate law, there is no
existing "shareholder" in a sole proprietorship.
Name Nationality
Job Description
Mr. Vishal Umesh Patel Indian
General Manager
*Key Personnel*
============
Mr. Vishal Umesh Patel
Founder : Sole
founder
HKID no : ZZ5236680
Address : Flat B
9Fl Block 126 Mei Foo Sun Chuen
Broadway, Kowloon Hong Kong
Responsibilities : Registered
as the key owner and operator of the business.
*Main Products & Services*
======================
Specializes in importing & exporting business.
*Operations Status*
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Extensive investigation have been conducted to identify the commercial
operation status of 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. but investigators
were unable to identify current contact details for the company.
The most recent address as listed in official government documents is:
Flat B 9Fl Mei Foo Sun Chuen - Mount Sterling Mall - Block 126, Broadway
St
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 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 : WING LUNG BANK LTD
Branch : Kowloon
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the entity.
Attached:
trade references
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
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%)
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