MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
D & K (ASIA) LTD |
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Registered Office : |
10FL Foo Hoo Centre 3 Austin Ave,
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.12.2001 |
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Com. Reg. No.: |
0780473 |
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Legal Form : |
Private |
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Line of Business : |
Trading
gemstones & related products |
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 : |
USD
50,000 |
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Status : |
Moderate
[Small Company] |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name
D & K (ASIA) LTD
address
10FL FOO HOO CENTRE 3 AUSTIN AVE
TSIMSHATSUI KOWLOON HONG KONG,
TEL: 852-31706111
FAX: 852-31706113
EXECUTIVE SUMMARY
INCORPORATION
DATE : DECEMBER 24, 2001
REGISTRATION
NO. : 0780473
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. DEEPAK
AGRAWAL (CHAIRMAN)
STAFF
STRENGTH : 4
CAPITAL : US$ 514,801
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : USD 50,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79741 =
US$1 AS OF 2007-1-11
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*
===================
(1)
License
number : 0780473
Date
issued : 24 December, 2001
Issuing
authority : Companies Registry
Type of
license : Corporate
Legal
form : Limited Liability
Company
(2)
License
number : 32304030
Issuing
authority : Business Registration
Office - Inland Revenue Department
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 1208 Tung Ying Bldg 100 Nathan Rd
Tsimshatsui Kowloon
*Capital
Details*
============
Share
value : HKD 1.00/-each
Authorized
capital : HKD 4,000,000.00
Paid-up
capital : HKD 3,000,000.00 divided
into 3,000,000 shares
*Office
& Facilities*
================
Previous
address : Rm 1102A Energy Plaza 92 Granville Rd Tsimshatsui Kowloon
*Corporate
& Organization Structure*
=============================
A small
sized company 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.
www.gemsbead.com The design is professional and
the content is well organized. At present it is in English version.
E-mail: info@gemspacific.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
================
Total
number of shareholders : 2
Total
number of shares : 3,000,000
Shareholders'
name No. of shares Amount (HKD) % of shares
--------------------------
-----------------
--------------------
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Mr.
Deepak Agrawal 2,190,000 2,190,000.00 73.00
Mr.
Kishorilal Jhabarmal Kataruka
810,000 810,000.00 27.00
Note :
Mr. Kishorilal Jhabarmal Kataruka transferred 690,000 shares to Mr. Deepak
Agrawal last 6 December, 2005.
*Directors'
Details*
===============
Mr.
Kishorilal Jhabarmal Kataruka
India
passport no. : Z1356919
Address : Flat 405 Hanshin 3 Cha
Apartments Bldg 35 Seocho-Ku Seoul South Korea
*Company
Secretary*
================
R &
M CORPORATE SERVICES LTD
CR
no. : 475369
Address
: Rm B 10Fl Fortune House 61 Connaught Rd Central Hong Kong
Management
: Mr. Deepak Agrawal, General Manager
*Key
Personnel*
=============
Mr.
Deepak Agrawal
Founder : Co-Founder
HKID
no. : P087069(6)
Email : deepak@dkasia.com.hk
Address : Flat 12A Hilton Towers 96
Granville Rd Tsimshatsui Kowloon Hong Kong
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
*Main
Products & Services*
======================
Specializes
in trading gemstones & related products
Products:
Beads, cabochon
Beads, round cabochon
Cabochon, sapphires
Cabochons
Colored gems
*Payment
Terms*
=============
Sales
-------
Local : Cash
30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
=======================
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.
*(Subsidiaries,
Joint-ventures & Affiliates)
===============================
Company
Name : BRIGHTEX GEMS & BEADS LTD
Global
Identifier : P0892987
Country
: Hong Kong
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Giftware & Jewellery
Company
Name : EARTH STONE INC
Global
Identifier : P0892989
Country
: India
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Giftware & Jewellery
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 MODERATE amounts depending on individual
judgement experience.
Bank
Name: INDIAN OVERSEAS BANK
As a
private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Charge*
========
Amount:
HKD 4,033,000.00
Over the
past 6 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD 50,000 appears to be within SC’s capacities.
END OF
THIS REPORT
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3281
Cut stone and stone products
Trading 3679
Electronic components,
Trading 3911
Jewelry, of precious metal
Trading 5065
Electronic Parts/Equip, NEC
Trading 5094
Jewelry/Watches/Precious Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3926903500
Beads, bugles & spangles, not
strung/except temporarily)& not
set,
articles thereof, nesoi
Trading 7103991000
Gemstones, cut but not set suitable
for use in jewelry
Trading 7103995000
Gemstones otherwise worked not
suitable for use in jewelry
Trading 8308903000
Beads and spangles of base metal
Trading 8542
Electronic integrated
circuits & microassembl, parts
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trading Electronic
components
Trading Semiprecious
beads
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to USA
Importing
from Asia
Importing
from Belgium
Importing
from Europe
Importing
from India
Importing
from North America
Importing
from USA
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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