MIRA
INFORM REPORT
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Report Date : |
02.08.2007 |
IDENTIFICATION DETAILS
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Name : |
DILASH & CO. |
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Registered Office : |
Rm 1202, 12/F, Blk 2, |
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Country : |
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Date of Incorporation : |
8-4-1988 |
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Com. Reg. No.: |
11725928 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in wholesale & supply of diamond. |
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/normal. |
Small |
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Maximum Credit Limit : |
Up To USD10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
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name & address
DILASH & CO.
RM 1202, 12/F, BLK 2,
TSIMSHATSUI,
TEL : 852 28907575
FAX : 852 25777153
EXECUTIVE SUMMARY
INCORPORATION DATE :
8-4-1988
REGISTRATION NO. :
11725928
REGISTERED LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE : KOTHARI BHAVIK ASHOKKUMAR (PARTNER)
STAFF STRENGTH :
3.
AUTHORIZED CAPITAL : [IN HK, UNLIMITED COS. ARE NOT
REQUIRED TO FILE ITS
CAPITAL
PARTICULARS TO BR OFFICE (THE INLAND REVENUE)]
PAID-UP
CAPITAL : NOT
APPLICABLE
BUSINESS LINE :
WHOLESALE & SUPPLY OF DIAMOND
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 STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82649 = USD1 AS OF 2007-8-1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
The complete address of SC is the heading one instead of your given one.
SC was established under Business Registration number 11725928 on
8-4-1988 with present status as partnership.
Currently obtained BR copy indicate the particulars of SC's principal(s)
are as follows:
Name(s) of principal(s) & ID/Passport
number(s) Registered
address
- Kothari Bhavik Ashokkumar / P6207271 Flat A, 10/F,
Kln.,
HK.
- Kothari Kunal Ashokkumar / P6207387 -- ditto --
- Kothari Ashok Muktilal / P114052(7) 26J, Chee On
Bldg.,
Change in principal(s):
Name(s) of admitted partner(s) Joining
date
Kothari Kunal Ashokkumar 1-4-2005
Name(s) of retired partner(s) Leaving
date
Nil Nil
Change of business address : SC moved to the heading business address
from Flat A, 10/F,
Kothari Bhavik Ashokkumar, partner:
- In his late 40's & married
- He is by Indian nationality
Currently active in SC's day-to-day operations & is responsible for
its management.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Kothari Kunal Ashokkumar, partner:
- In his late 40's & married
- He is by Indian nationality
Currently active in SC's day-to-day operations & is responsible for
its management.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 60 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is calculated
from a composite of scores obtained from the following 5 factors which carry
equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
During our report preparation, the principals could not be contacted
while the staff members hesitated to release financial information without the
principals' consent.
Banking relations are maintained principally with:
- HSBC
- Bank of
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 records filed by SC for the last 2 years. In
Civil litigation/winding-up petitions: (X) see below ( )
see attached sheet
Date :
21-10-2004
Defendant(s) : SC + Kothari Ashok Muktilal +
Kpthari Bhavik Ashokkumar
Plaintiff(s) : Hong Kong Broadband Network
Ltd.
Cause of claim : Service charge
Claimed amount : ANS
Mortgage/charge record(s): In HK, unlimited companies are not
required to file its charge particulars for public inspection.
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Delinquent
payment record : None in our database.
Debt
collection record : No overdue
amount owed by SC was placed to us for collection within the last 6 years.
Business categories :
SC is engaged in wholesale & supply of diamond.
Items available include ruby, sapphire, pearl, emerald, jade & etc.
Principal purchases :
Major
types of sourcing :
Merchandise
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries :
Buying
terms : L/C
Principal market :
Local--type
of customers : Retailers &
exporters
Selling
terms : Special
agreed terms
Overseas--buying
countries : PR China
Selling
terms : Special
agreed terms
Total number of employees : 3.
Location : Maintaining
its office at the heading business address which occupies a gross area of 600
square feet at a residential building in a residential district.
Condition inside the premises during our
visit :
Office/factory layout : Standard.
SC is
not known to have any subsidiary at present.
SC is considered small-sized in its line with a long operating history.
It is considered a credit line up to USD 10,000 appears to be within SC’s
capacities.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in
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%)