MIRA INFORM REPORT

 

 

Report Date :

10.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SUNDANCE  DELIGHT  INTERNATIONAL  INC

 

 

Registered Office :

19/F., Yat Chau Building, 262 Des Voeux Road, Central Hong Kong

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

--

 

 

Legal Form :

--

 

 

Line of Business :

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name          

 

SUNDANCE  DELIGHT  INTERNATIONAL  INC

 

 

GIVEN ADDRESS

 

19/F., Yat Chau Building, 262 Des Voeux Road, Central, Hong Kong.

 

 

GENERAL

 

1.       As per Companies Registry, there is no such name registered in their file.  We found that there is no company name registered and headed with “Sundance Delight…..”.

2.       According to Business Registration Office, the name of the subject is also not found in the database.

3.       Our on-site investigator reported that your given address 19/F., Yat Chau Building, 262 Des Voeux Road, Central, Hong Kong is occupied by a company called Hin Shiu Business Centre Ltd. [HSBCL] with details as follow:-

Name:  HSBCL

Address:     19/F., Yat Chau Building, 262 Des Voeux Road Central, Hong Kong.

Phone Number:  3972 7000

Fax Number:  3520 0796

4.       As far as we know, HSBCL is an affiliate of Paul Wong & Co., Certified Public Accountants.  HSBCL operates a business center to provide a platform to its clients to grow their business through the provision of its comprehensive professional business services such as accounting, statutory auditing, corporate administration and secretarial services.

5.       A staff from HSBCL informed us that the name of “Sundance Delight International Inc.” is one of their customers.  However, she refused to disclose any additional information about the subject.

6.       The subject company appears to be an offshore company registered somewhere outside Hong Kong.  They use HSBCL’s office as the correspondence address for their international trading.

7.       The name of the subject is not listed in any available telephone and commercial directories and also is unknown to other sources consulted.

8.       No legal actions were traced against the subject during the course of this investigation.

In view of the lack of information, we have no basis upon which to recommend credit dealings.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.17

UK Pound

1

Rs.73.72

Euro

1

Rs.64.26

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.