MIRA
INFORM REPORT
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Report Date : |
06.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SPARK DIAMOND |
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Registered Office : |
Rm 2303, 23/F, Office Tower, Convention Plaza, 1 Harbour
Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
26-9-2006 |
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Com. Reg. No.: |
37189700 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & export of diamond. |
RATING &
COMMENTS
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MIRA’s 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
SPARK DIAMOND
RM 2303, 23/F, OFFICE TOWER, CONVENTION PLAZA,
1 HARBOUR ROAD, WANCHAI, HK.
(AS REGISTERED)
TEL: NOT REGISTERED
FAX: NOT REGISTERED
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:
l
Information obtained is insufficient for compiling a standard report.
l
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. 37189700
on 26-9-2006 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
- Doshi Mital Vardhibhai 9
Parshranagor Sol, New Sharoda,
/ F6452430 / Indian Mayicli
Rd., Paldi, Agmedabad 380007,
India.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil
litigation/winding-up petitions: None
in our database.
Mortgage/charge
record(s): In Hong Kong, unlimited companies
are not required to file its charge particulars for public search.
Doshi Mital Vardhibhai, sole proprietor: He is by Indian nationality.
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following records 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
A check of our database & enquiry with outside sources indicate no
information regarding the background of SC's principals. Besides, SC's principals could not be
contacted for enquiry during our course of report preparation.
As per SC's Business Registration copy currently obtained, the nature of
business is described as import & export of diamond. Detailed information regarding its
activities is not available.
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 a commercial premises outside of which SC's name was not
seen on display. Instead, the following
co. name(s) was/were seen on display:
- Wingate Business Ltd.
The gross area of the premises is estimated at 2,200 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Good
The premises is occupied as office by Wingate Business Ltd. which is a
business centre. The said co. provides operational (like telephone, fax &
office equipment) & clerical support service to its clients each of whom
usually sub-leases a desk or a room as office there.
Our reporter then contacted a female staff member of the said co.
She confirmed that SC is one of the many cos. whose secretarial &
accounting affairs are being handled by them.
It is a general practice in Hong Kong that a firm of such business
nature does not disclose a client's information to the third party without the
client's consent.
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.
Our inquiry reveals that the contact telephone number for Wingate
Business Ltd. is 852-28309999. Through
a call made to the said telephone no., we managed to contact a female staff
member of the said co. She declined forwarding any information on SC.
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%)