MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DILASH & CO . |
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Registered Office : |
Rm A,
10fl Union Mansion 33-35 Chatham Rd, South Tsimshatsui Kowloon, Hong Kong |
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Country : |
Hong
Kong |
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Date of Incorporation : |
08.04.1988 |
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Com. Reg. No.: |
11725928 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged
in trading diamond products. |
RATING & COMMENTS
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MIRAs 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 : |
USD 25,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
DILASH
& CO
RM A,
10FL UNION MANSION 33-35 CHATHAM RD, SOUTH TSIMSHATSUI KOWLOON, HONG KONG
TEL : 852
28907575
FAX : 852
25777153
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 8, 1988
REGISTRATION NO. :
11725928
CHIEF EXECUTIVE :
MR. ASHOK MUKTILAL KOTHARI (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,287
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 25,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.78820 = US$1 AS OF 2007-1-4
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*
===================
License
number : 11725928
Date
issued : 8 April, 1988
Issuing
authority : Inland Revenue
Dept.
Type of
license : Business
*Registered
Office*
==============
Although
the company is operating its main business from the address listed above, the
actual business license is legally registered at :
Address : Rm 1202, Block 2, 12Fl Hart Ave Plaza 5-10
Hart Ave Tsimshatsui Kowloon
*Corporate
& Organization Structure*
=============================
A
small-sized company mainly operated and managed by an experienced team of
professionals.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
E-mail :
utlhk@hknet.com
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Partners'
Name
---------------------
Ashok
Muktilal Kothari
Bhavik
Ashokkumar Kothari
Kunal Ashokkumar Kothari
Name Nationality
Job Description
Mr.
Ashok Muktilal Kothari Indian
Partner
Mr.
Bhavik Ashokkumar Kothari Indian
Partner
Mr.
Kunal Ashokkumar Kothari Indian
Partner
*Key
Personnel*
==============
(1)
Ashok
Muktilal Kothari
Founder : Co-Founder
HKID
No. :
P1140527
Address : Rm 26J, Chee On Bldg 24 East Point Rd Hong Kong
Work
experience : More than 15 years.
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
(2)
Bhavik
Ashokkumar Kothari
Founder : Co-Founder
National
ID No : P6207271
Address : Rm A, 10Fl, Union
Mansion 33-35 Chatham Rd, Tsimshatsui, Kowloon Hong Kong
(3)
Kunal
Ashokkumar Kothari
Founder : Co-Founder
National
ID No : P6207387
Address : Rm A, 10Fl, Union
Mansion 33-35 Chatham Rd, Tsimshatsui, Kowloon Hong Kong
*Main
Products & Services*
======================
Specializes
in trading diamond products.
Products
: Diamond product
Diamonds
*Payment
Terms*
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Sales
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Local :
Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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50% of
the annual turnover is attributed to local sales.
*Export
Markets*
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50% of
the annual turnover is attributed to export
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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Implication |
Implications |
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1 |
Scores 85100 |
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
partnership firm there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
*Bank
Details*
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Bank
name : HANG SENG BANK LTD
Branch : Kowloon
SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD 25,000 appears to be
within SCs capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to Taiwan
Exporting
to USA
Importing
from Asia
Importing
from Belgium
Importing
from Europe
Importing
from India
Importing
from Russia
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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