MIRA
INFORM REPORT
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Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
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Name : |
MULTI GOLD LTD. |
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Registered Office : |
Unit M, 1/F, Mau Lam
Comm'l Bldg., |
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Country : |
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Date of Incorporation : |
14-11-2006 |
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Com. Reg. No.: |
1087362 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
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 : |
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name & address
MULTI GOLD LTD.
UNIT M,1/F,MAU LAM COMM'L
BLDG.,
JORDON, KOWLOON, 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 is a private limited co. incorporated under co. file no.
1087362 on 14-11-2006.
Details of its incorporation information are shown to be as follows:
Authorized capital :$10,000 divided into 10,000 shares @
$1.-
Paid-up capital :$10,000
Shareholders/subscribers (as at 27-11-2006)
Name(s), ID/passport number, nationality & registered
address No.
of Shares
- *Pankajkapur / F5732091 / Indian 9,999
/ 1F
- Company Kit Secretarial Services Ltd. 1
/ Unit A, 14/F, Shun On Comm'l Bldg., --------
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Directors(as at 27-11-2006)
Name(s), ID/passport number & nationality Registered address
*Also director
Current search reveals certain material change or amendment
of SC has been recorded within the last 2 years & noted as follows:
Allotment on 27-11-2006
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- Allottee:
Pankajkapur
- No. of shares allotted:
9,999
Partial change in SC's directorship is as follows:
Name(s) of resigned director(s) Resignation date
Nil Nil
Name(s) of newly appointed director(s) Appointment date
Pankajkapur 27-11-2006
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
Civil litigation/winding-up petitions : None in our
database.
Mortgage/charge record(s) : None filed since its
incorporation date.
Pankajkapur, director: 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
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:
- Buttar HK Ltd.
The gross area of the premises is estimated at 700 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
The premises is occupied as office by Buttar HK Ltd. which is a co. providing
co. secretarial services.
Our reporter then contacted a female who identified herself as 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.
She further advised that only SC's principal(s) could handle outside
parties business enquiries on SC while SC's principals were not in office by
that time.
It is a general practice in
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.
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%)