MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
DENZONG TRADE LINK |
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Registered Office : |
14-C |
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Country : |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
07.06.1998 |
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Com. Reg. No.: |
21790993-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading a wide range of electronic parts, tiles, gift crafts, construction
materials and other related products manufactured by its |
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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Maximum Credit Limit : |
US$ 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
DENZONG TRADE LINK
14-C
TEL: 852 27238407
FAX: 852 27238487
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 7, 1998
REGISTRATION NO. :
21790993-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SUNNY SARRAF
STAFF STRENGTH :
3
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
US$ 1,668,806.16 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7. 82248 = US$1 AS OF 2007-8-14
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD – Hong Kong
Dollars
*Company Registration*
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License number : 21790993-000
Date issued : 7 June, 1998
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Office & Facilities*
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Other Email add : denzong@21cn.com ; denzong@indiacom
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Website : www.denzong.diytrade.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail : denzong@netvigator.com
For the past two years there is no record of litigation.
*Shareholders*
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Based on corporate filing regulations for this type of entity in
*Ownership*
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Chairman : Mr. Gautam Kumar Sarraf
Nationality : Indian
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Sunny Sarraf Indian CEO
Mr. Sunny Denzong
*Key Personnel*
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Mr. Gautam Kumar Sarraf
HKID no. : P4207584
E-mail : denzong@netvigator.com
Responsibility : Handles the overall management of the
company.
Mr. Sunny Denzong
Address : 14-C
Mr. Sunny Sarraf
Address : 14-C
Mobile no. : 97700421
*Main Products & Services*
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Specializes in trading a wide range of electronic parts, tiles, gift
crafts, construction materials and other related products manufactured by its
Products :
Artificial flowers
Artificial jewelry
Bookmarks
Ceramic tiles
Clocks
*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
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Competitors*
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The following locally based firms supply similar range of products :
- SRI NARAYANA SILVER WARES PVT LTD
- METAJEWEL KRAFTS
- CHINAR IMPEX
- KRISIL
*Local Distribution Network*
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Part annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING :4 OBTAINED SCORES : 46
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Rating Key |
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 SMALL amounts depending on individual judgement
experience.
As a sole proprietorship company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
*Financial Summary (Currency:
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Year Sales Assets Net Income
2006 US$ 1,668,806.16 n/a n/a
SC is considered small-sized in its line with fairly steady operating
trend. It is considered a credit line up to US$ 5,000
appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2599
Furniture and fixtures
Trading 2771
Greeting cards
Trading 3053
Gaskets, packing, and
sealing devices
Trading 3231
Products of purchased
glass
Trading 3253
Ceramic wall and floor
tile
Trading 3577
Computer peripheral
equipment and parts
Trading 3651
Radio & tv receiving
sets; phonographs; recorders; microphones; loudspeakers;
audio
amplifiers; & oth audio equip
Trading 3699
Electrical equipment and
supplies and parts
Trading 3873
Watches, clocks, clockwork
operated devices, and parts
Trading 3914
Silverware, plated ware,
and stainless steel ware
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3918101050
Floor coverings : vinyl tile
Trading 4202
Travel goods, handbags,
wallets, jewelry cases etc
Trading 4202929015
Other, jewelry boxes, and similar
containers, of a kind which are normally sold at retail with their contents
Trading 4412
Plywood, veneered panels
& similar laminated wood
Trading 4412995000
Plywood
Trading 4817
Envelopes, postcards etc
& boxes etc of stationery
Trading 4909
Printed or illust post
cards, greeting cards, etc.
Trading 6702
Artificial flowers,
foliage & fruit, parts & articles
Trading 6702906000
Artifical flowers
Trading 6802100000
Tiles cubes a simlr artcls lrgst
surf area capl o bng encl i a sq thesde o whch lss thn 7cm; artfclly clrd grnls
chppgs a powder
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Watches
Trader Gift boxes
Trader Greeting card
Trader Bookmarks
Trader Artificial jewelry
Trader Furniture
Trader Garment accessories
Trader Artificial flowers
Trader Gift items
Trader Plywoods
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to UAE
Exporting to
Importing from
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%)