MIRA
INFORM REPORT
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Report Date : |
29.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
KOEX JEWELS |
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Registered Office : |
Flat A, Tower 15a, 17/F, Costa Del Sol (Phase Iib)Laguna
Verde, Hung Hom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
9-10-1999 |
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Com. Reg. No.: |
30417112 |
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Legal Form : |
Sole Proprietorship |
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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
KOEX JEWELS
FLAT A, TOWER 15A, 17/F, COSTA DEL SOL (PHASE IIB)LAGUNA VERDE,
HUNG HOM, KOWLOON, HONG KONG.
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. 30417112
on 9-10-1999 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
- Patel Mayur Narendrakumar 69
Tejkiran Apt Behind Shreyas,
/ ZZ5123924 Hall
Dadi Sheth X Lane No.2,
Babulnath
Mumbai-7, 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.
Patel Mayur Narendrakumar, sole proprietor.
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.
As the said address is a residential
premises to which visit is not feasible, we have sent our questionnaire to the
said address by mail.
So far, 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.
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%)