MIRA
INFORM REPORT
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Report Date : |
16.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
STAR DIAMONDS |
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Registered Office : |
13/F, Blk H, Windsor
Mansion, 29-31 Chatham Road, South, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s 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 : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
name & address
STAR DIAMONDS
13/F, BLK H, WINDSOR MANSION,
29-31 CHATHAM ROAD
SOUTH, TSIMSHATSUI,
KOWLOON, HONG KONG. (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.
Upon
our current request for a Business Registration copy of SC, Business
Registration Office (HKSAR Government) replied that it has no record on
SC. This may imply that either SC has had
no business registration or SC has business registration but the spelling of
its name (as provided by you) is wrong.
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.
SC management declined to release its shareholder details.
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 residential premises outside of which no company name was seen on display.
The
area of the premises is not known as our field reporter could not gain entrance
to the premises.
The
outer door of the premises was locked.
No one responded to our reporter's calls.
Our
reporter inserted our co brochure and questionnaire to the premises through the
space below the door.
So
far, we have not yet received any reply.
It
is not ascertained whether SC is still in operation.
Our
current inquiry reveals that no such name as SC is registered as a current user
of local fixed line telephone companies.
SC
is unknown in the local market or to the sources we contacted. Our database also indicates no further
information regarding SC. We are unable
to establish the precise nature of SC's operations & assess SC's credit
standing for the time being.
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%)