MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
UNIDESIGN FAREAST LTD. |
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Registered Office : |
Rm 1101, 11/F, Tower B, Hunghom Commercial Centre, |
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Country : |
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Date of Incorporation : |
15-3-2004 |
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Com. Reg. No.: |
889111 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & trading of jewellery & related products. |
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
UNIDESIGN FAREAST LTD.
RM 1101, 11/F, TOWER B, HUNGHOM COMMERCIAL CENTRE,
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:
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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. 889111 on
15-3-2004.
Details of its incorporation information are shown to be as follows:
Authorized capital :HKD$10,000 divided into 10,000 shares @HKD $1.-
Paid-up capital :HKD $10,000
Shareholders/subscribers (as at 11-6-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- Unidesign Jewelery Private Ltd. 10,000
/ Plot Nos. 4,5 & 6, Seepz Special Economic Zone, =====
Andheri (East), Mumbai- 400096,
Directors(as at
11-6-2006)
Name(s), ID/passport number & nationality Registered address
- Mehta Hiten Harshadrai Unit
1204, Shirin Apartments,
/ A-6412068 Mumbai-400007,
- Mehta Amit Gunvantlal
/ Z1628201
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
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) : (X) see below ( ) see per attached
Creation date :
20-5-2005
Charger(s) : SC
Chargee(s) : ABN
AMRO Bank NV
Secured amount : ANS
Charge particulars :
Debenture
Mehta Hiten Harshadrai, 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
Mehta Amit Gunvantlal, 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
SC is reportedly engaged in manufacturing & trading of jewellery
& related products.
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 the following co. name was seen on display:
- Diarough (H.K.) Ltd.
The gross area of the premises is estimated at 1,500 square feet.
Condition inside the premises during our visit:
Office/factory outlay: Standard
Our reporter then contacted a female staff member of the said co.
She confirmed that the heading address is the business address of SC.
She refused to disclose any information regarding SC.
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 revealed that the contact phone no. of Diarough (
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%)