MIRA
INFORM REPORT
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Report Date : |
18.10.2007 |
IDENTIFICATION DETAILS
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Name : |
INDIA GARDEN RESTAURANT |
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Registered Office : |
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Country : |
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Date of Incorporation : |
December. 25, 1998 |
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Com. Reg. No.: |
Co2254 |
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Legal Form : |
Unlimited Company |
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Line of Business : |
Operates as a restaurant. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To USD 3,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
INDIA GARDEN RESTAURANT
18 RUA DE SENG TOU TAIPA,
TEL : 853-28837088
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER. 25, 1998
REGISTRATION NO. :
CO2254
LEGAL FORM :
UNLIMITED COMPANY
CHIEF EXECUTIVE :
MR. PUSHKARAN (GENERAL MANAGER)
STAFF STRENGTH :
7
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STABLE
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75290 = 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 –
*Office & Facilities*
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Size : 2,700 - 3,500
sq. ft.
Other tel. no. : 28211688
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: info@indiankitchen.com.cn
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Shareholder's Name
% of Shares
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Gnanavelu Munuswamy 100.00
*Director's Details*
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Gnanavelu (
Mobile no : 86-13926933119
Management: Mr. Pushkaran, General Manager
Name Nationality Job Description
Mr. Pushkaran Chinese General Manager
*Main Products & Services*
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Operates as a restaurant.
Products: Restaurants
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains an office in
Tel. nos. : 86-756-3395951 to 52
Fax no :
86-756-3395966/3395712
Detail of the office:
Name: Indian Kitchen Spices Zhuhai Limited,
Business scope:
Address: Jinfa Industrial District, Nansha
Gang Xiazha Special Economic Zone,
Web site: www.indiankitchenspices.com It
is unable to be landed at present because of technical problem.
E-mail: info@indiankitchenspices.com
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a privately owned company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a 9 years development
history. A credit line up to USD 3,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 5800 Eating
and Drinking Places
Service 5812 Eating
Places
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 2106 Food
preparations
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%)