MIRA
INFORM REPORT
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Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
FANCY STAR (HK) |
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Registered Office : |
Flat/Rm C 5FL Dor Fu Court 5-6 Hau Fook St, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
14 June, 2006 |
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Com. Reg. No.: |
36845278-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Believed to be engaged in the following areas of work: 1. Importing of diamonds. 2. Distribution of products to local and overseas markets. |
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 |
name & address
FANCY STAR (HK)
FLAT/RM C 5FL DOR FU COURT 5-6 HAU FOOK ST
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27240870
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : 14
JUNE, 2006
REGISTRATION NO. :
36845278-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. HIMANSHUKUMAR PATEL (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE : NO
RECOMMENDATION
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78542 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –Hong Kong Dollars
*Reputation*
==========
Due to the lack of any third party references, we were unable to
establish the level of the firm's reputation within the respective
industry.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Key Personnel*
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Himanshukumar Patel
Founder : Sole
founder
Identification no :
ZZ5228572
Address :
Flat/Rm C 5Fl Dor Fu Court 5-6 Hau Fook St, Tsimshatsui Kowloon Hong Kong
*Operations Status*
==============
Extensive investigations have been conducted to identify the status of
commercial operation of the company and the following were revealed:
1. Tried to contact the company using the telephone number provided in
the inquiry (27240870); however the telephone number provided diverts to an
answering machine.
2. The company was not found listed as a subscriber for local telecom
company, hence, no available contact details were found to confirm its current
commercial operation.
3. Additionally, attempts to find alternate contacts were unsuccessful.
These include:
- Checks with the local trade
and business associations.
- Attempts to identify trade
references within the respective industry sector.
*Main Products & Services*
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Believed to be engaged in the following areas of work:
1. Importing of diamonds.
2. Distribution of products to local and overseas markets.
Products: Diamonds
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
SC’s financial highlights details are not available at present.
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company. Given the circumstances, caution
is advised related to dealings with persons claiming to represent such an
entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
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. |
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%)