MIRA
INFORM REPORT
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Report Date : |
29.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHREYA JEWEL |
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Registered Office : |
Flat E, 2/F & 3/F, Block C2a, 3 Town Centrecrescent,
Hong Lok Yuen, Tai Po, N.T. |
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Country : |
Hong Kong |
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Date of Incorporation : |
1-4-2006 |
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Com. Reg. No.: |
36633732 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in provision of import & export of polished
diamond & jewellery |
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
SHREYA JEWEL
FLAT E, 2/F & 3/F, BLOCK C2A, 3 TOWN CENTRECRESCENT, HONG LOK YUEN,
TAI PO, N.T., Hong Kong.
(MOST LIKELY ADDRESS)
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.
36633732 on 1-4-2006 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
Shah Sanket Prakash Room E, 38/F, Block 6,
Jubilee Garden,
/ E4217089 Fotan, Shatin, N.T., HK.
Meterial change/amendment within last 2 years:
Change in Business address:
moved to the heading business address from Rm E, 38/F, Block 6, Jubilee
Garden, Fotan, Shatin, N.T., HK. (your given address) in 9-3-2007.
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.
Shah Sanket Prakash, sole proprietor.
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
SC is reportedly engaged in provision of import & export
of polished diamond & jewellery
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 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%)