MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
H.K. DESIGNS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28/03/2003 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Manufacturer and
retailer of diamond studded jewelry. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: H.K.
DESIGNS INC.
Address:
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212-944-0518
Facsimile: 212-944-9229
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.hkdesignsinc.com
Business Activity: The Subject is a manufacturer and
retailer of diamond studded jewelry.
NOTE TO CLIENT
Several messages were
left for the President, Mr. Hasmukh Dholekia; we were unable to reach a member
of Management who could provide general information regarding the Company.
Thus, general information in this report cannot be substantiated.
Please note that we
did send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time.
The number of
employees could not be obtained.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 28/03/2003
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Selected Entity
Status Information Current Entity Name:
H.K. DESIGNS INC.
Initial DOS Filing
Date: MARCH 28, 2003
County:
Jurisdiction:
Entity Type:
DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity Address
Information DOS Process (Address to which DOS will mail process if accepted on
behalf of the entity)
H.K. DESIGNS INC.
22
Registered Agent
NONE
Managers/Key
Personnel
Mr. Hasmukh
Dholekia President
AFFILIATED ENTITIES
The following
companies are affiliated with the Subject:
Gopi Diam Inc. -
H.K. Diam b.v.b.a -
H.K. Impex - Hong
Kong
H.K Jewels -
Parent Companies
Parent Company: Hari Krishna Exports
315 Prasad
Chambers, Opera House
Mumbai 400 004
Telephone: 22-236-78-111
As far as could be
determined, there are no known subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain
any banking information.
PAYMENT HISTORY
The firm is not a
large seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response.
The Subject would
not disclose any financial information. Other outside sources consulted could not
provide any further insight into the financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity:
The Subject is a
manufacturer and retailer of diamond studded jewelry.
The Subject
manufactures and retails the following types jewelry: bangles, bracelets,
earrings, necklaces, pendants, rings, and bands.
The heading address
is the location for the Subject's headquarters and retail store.
There is one branch
located in
Unit No: 113, SDF IV
SEEPZ-SEZ, Andheri
(E)
Mumbai - 400 096
Tel: 91-22-67-161616
Fax: 91-22-67-536760
TRADE REFERENCES
No trade references
could be obtained.
PUBLIC RECORD
No derogatory
information was found against the Subject nor were there any Uniform Commercial
Codes that were filed by the Subject.
A search of
bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject is a
manufacturer and retailer of diamond studded jewelry since 2003. Legal indicate
no negative litigation taken against the Subject. No payment history was found
and there were no bankruptcy filings found against the Company.
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 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%)