MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DIAMOND TRADING CO LTD |
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Registered Office : |
Rm 3, 17FL |
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Country : |
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Date of Incorporation : |
September 30, 1966 |
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Com. Reg. No.: |
13298 |
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Legal Form : |
Private |
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Line of Business : |
Previously engaged in trading wide range diamonds. |
RATING & COMMENTS
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MIRAs 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 : |
Dissolved |
name & address
DIAMOND TRADING CO LTD
RM 3, 17FL
KWAI CHUNG NEW TERRITORIES,
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 30, 1966
REGISTRATION NO. :
13298
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
POOR
MARKET CONDITION :
POOR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : DOWNWARD
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75029 = 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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Note: The most recent address as listed in official government documents
before the company was dissolved was at Rm 3, 17Fl Sun Kwai Hing Gardens Block
B Kwai Chung,
*Capital Details*
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Share value : HKD
1,000.00/-each
Registered capital : HKD
1,000,000.00 divided into 1,000 ordinary shares
Issued capital : - HKD
375,000.00 divided into 375 ordinary shares - Cash
- HKD 45,000.00 divided into 45 ordinary
shares - Other than Cash
*Approved Signatures*
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The following personnel can jointly sign on behalf of the company with
seal affixed:
- Mr. Kan-kwun Chow
- Mr. Kun-yuen Chow
*Registrar*
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VICTORIA SECRETARIES LTD
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
5
Total number of ordinary shares : 420
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- ---------------------------------- -------
Mr. Man-chen Chow (Deceased) 140 140,000.00 33.32
Mr. Kan-kwun Chow 70 70,000.00 16.67
Mr. Kwan-tai Chow
70
70,000.00 16.67
Mrs. Tor-pao Tau 70 70,000.00 16.67
Mr. Kun-yuen Chow
70
70,000.00 16.67
*Directors' Details*
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(1)
Mr. Kan-kwun Chow
HKID number : E626142
Address :
Qualification : Lamp Merchannt
(2)
Mr. Kwan-tai Chow
HKID number : E310647
Address :
Qualiification : Manager
(3)
Mrs. Tor-pao Tau
HKID number : B465833
Address : Unit B2, 8Fl
Qualification : Supervisor
*Company Secretary*
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Mr. Kun-yuen Chow
HKID number : E930496
Address : Unit B2, 8Fl
Qualification : Lamps
Merchant
SC declined to release its management background at present.
*Ceased Operations*
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Extensive investigations have been conducted to identify the status of
commercial operations for this company.
Investigations have included:
- search at the local registrar
- visit to the business address
- checks with local trade associations
BASED ON THE ABOVE IT WAS CONFIRMED THAT THE COMPANY NO LONGER EXISTS
AND WAS DISSOLVED SINCE 24 MAY, 1995.
*Main Products & Services*
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Previously engaged in trading wide range diamonds.
Products: Diamond
Jewelries
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 6 OBTAINED SCORES : 10
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Implication |
Implications |
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1 |
Scores 85100 |
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.
*Bank Details*
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Bank name : UCO BANK
Branch : 2Fl
SC no longer exists and was dissolved since 24 May, 1995. 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
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7103 Precious
& semiprec stones, not strung etc
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 SCs 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%)