MIRA
INFORM REPORT
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Report Date : |
10.09.2007 |
IDENTIFICATION DETAILS
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Name : |
JAVA TRADING LTD. |
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Registered Office : |
Flat A, 9/F, |
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Country : |
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Date of Incorporation : |
24-3-2004 |
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Com. Reg. No.: |
891315 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in trading of jewellery & diamond. |
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
JAVA TRADING LTD.
FLAT A, 9/F, HANLEY HOUSE,
TSIMSHATSUI,
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. 891315 on
24-3-2004.
Details of its incorporation information are shown to be as follows:
Authorized capital : US$10,000
divided into 10,000 shares @ US$1.-
Paid-up capital :
US$10,000
Shareholders/subscribers
(as at 24-3-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- Paras Diamonds Private Ltd. 10,000
/ Nagin Mahal, 6/F, 82,
Directors(as at
24-3-2006)
Name(s), ID/passport number & nationality Registered address
- Parikh Abhay Suresh 19-Nagin
Mahal,
/ F1749030 / Indian Church
Gate, Mumbai, Maharashtra-400020,
- Parikh Atul Kirtilal --
ditto --
/ E5275988 / Indian
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) : None filed since its incorporation date.
Paras Diamonds Private Ltd., shareholder, whose partial information is
as follows:
- Address: Nagin Mahal, 6/F,
- Business line: Trading of
polished diamond
- Tel: 91-22-2042776 / 2046537
SC's principals are residing overseas and information regarding their
background is not available.
A check of our database and enquiry with outside sources indicate no
information regarding the background of SC's principals. Besides, SC's principals could not be
contacted for enquiry during our course of report preparation.
Credit history check: A check of
our database indicates SC's major shareholders & executive directors have
been clear of any civil claims as defendants for the past 6 years.
SC is reportedly engaged in trading of jewellery & diamond.
Detailed information regarding its activities is not available.
Property ownership : Current land search indicates that the ownership
details of the heading business address is as follows:
- Owners(s) : Ma Tak Cheong
- Date of purchase & amount : 30-6-2003 / HK$920,000
- Date of mortgage & secured amount : 30-6-2003 / ANS
- Mortgagee : HSBC
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 & industrial premise outside of which
SC's name was not seen on display.
Instead, the following co. name(s) was/were seen on display:
- Yetfar Trading Co. Ltd.
The area of the premises is not known as our field reporter could not
gain entrance to the premises.
The outer door of the premises was locked. No one responded to our
reporter's calls.
Our reporter inserted our co brochure and questionnaire to the premises
through the space below the door.
So far, we have not yet received any reply.
It is not ascertained whether SC is still in operation.
Our current inquiry reveals that no such name as SC or Yetfar Trading
Co. Ltd. is registered as the current users of local fixed line telephone
companies.
SC is unknown in the local market or to the sources we contacted. Our database
also indicates no further information regarding SC. We are unable to establish
the precise nature of SC's operations & assess SC's credit standing for the
time being.
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%)