MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
H DAYA INT'L CO LTD |
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Registered Office : |
Rm 601-604, |
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Country : |
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Date of Incorporation : |
March 23, 1973 |
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Com. Reg. No.: |
0032642 |
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Legal Form : |
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Line of Business : |
Trading a range of garments. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To US$ 100,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
H DAYA INT'L CO LTD
RM 601-604,
TSIMSHATSUI
TEL : 852 27224768
FAX : 852 27236709
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 23, 1973
REGISTRATION NO. :
0032642
CHIEF EXECUTIVE :
MR. MUKESH HARKISHINDAS DAYARAM (CHAIRMAN)
STAFF STRENGTH :
60
CAPITAL :
US$ 1,278,772
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8288 = US$1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
===================
License number : 0032642
Date issued : 23 March,
1973
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 03813270
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Authorized capital : HKD 10,000,000.00 divided into 100,000 ordinary
shares of HKD 100.00/-each, fully paid
*Office & Facilities*
================
Other e-mail : webinfo@hdaya.com
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
==================
Only Mr. Hiranand Harkishindas Dayaram can sign on behalf of the company
with seal affixed.
Website : www.hdaya.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail : hdaya@hdaya.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 100,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
-------------------------------
---------------------------------
----------------
LINKPATH LTD
65,000
6,500,000.00
65.00
BABA LTD 35,000 3,500,000.00 35.00
*Directors' Details*
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Mukesh Harkishindas Dayaram
HKID no. :
XD631122(4)
Address :
Flat B-1, 1Fl,
Hiranand Harkishindas Dayaram
HKID no. :
XE186758(9)
Address :
Flat A-1, 6Fl,
*COMPANY DIRECTORS*
======================
Name : Mr. Hiro Dayaram
Nationality :
Name : Mr. Satesh Dayaram
Nationality :
*Corporate Secretary*
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MARFAN & ASSOCIATES LTD
C.R. number : 94488
Address : 11Fl
E-mail : nexia@charles-marfan.com
*Main Products & Services*
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Specializes in trading a range of garments.
Products : Boys knitted wear
Children's
knitwear
Corsetry
items
Garments
Garments, men’s knitwear
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : Cash or credit
*Associations*
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Member of :
- Hong Kong General Chamber of Commerce
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*International Trade Activity*
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2002 - Commenced
exporting to
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : RAVI INT'L CO LTD
Address : Rm 601-604,
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Garments & Accessories
*Strategic Partners & Alliances*
=========================
Group name : H
DAYA Group of Companies
Flagship company : H DAYA
INT'L CO LTD
Group members : PICASSO
CO LTD
PICASSO CHINA LTD
Details
: - A group turnover of over USD 250 million and staff strength of
around 250, it ranks as
one of the largest Indian Exporters of Hong
Kong.
- Operates in
- The group exports readymade garments and shoes and other forms of
footwear as well
as bicycles, household articles,
electronics, gift articles and other sundry items. Two of
the Group companies PICASSO CO LTD and
PICASSO CHINA LTD deal in the export
of bags, electronics,
household items, gift articles and other sundry items exclusively.
- Participated in exhibitions and trade fairs both in
- All the offices in the Group have fully computerized Order Processing
as well as
Accounting Systems providing online
information and MIS reports to the top
management.
- The Group is currently implementing a Virtual Private Network
connecting
with other offices in
PAYMENT RATING : 3
OBTAINED SCORES : 57
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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
MODERATE amounts depending on individual judgement experience.
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered an old-established business with stable development
trend. It is considered a credit line up to US$ 100,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2253 Knit
outerwear
Trading 2300 Apparel/Other
Textile Products
Trading 2389 Apparel
and accessories
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 6210 Garments,
of felt etc, or fabric impregnated etc
Trading 4203100090 Articles
of apparel
Trading 6111 Babies'
garments & accessories, knit or crocheted
Trading 6114 Garments
knitted or crocheted
Trading 6117 Made-up
clothing access parts etc. knit etc
Trading 6212300000 Corsets
and similar articles and parts thereof, whether or not knitted or crocheted
Trading 6217 Made-up
clothing access garment etc parts
Trading 6309 Worn
clothing and other worn textile articles
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Children's
knitwear
Trader Garments
Trader Girls knitted
wear
Trader Infants
knitwear
Trader Sportswear
Trader Leisurewear
Trader Unisex
garments
Trader Lingerie
Trader Corsetry
items
Trader Nightwear
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)