MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DYNAMIC
INTERNATIONAL |
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Registered Office : |
Rm C2, 12/C, Blk C, Hankow Centre, 1
Middle Road, Tsimshatsui, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.06.1987 |
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Com. Reg. No.: |
11054391 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in Trading of Fine Jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name & Address
DYNAMIC INTERNATIONAL
RM C2, 12/C, BLK C, HANKOW CENTRE,
1 MIDDLE ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
TEL : 852 27226651 / 23120826
FAX : 852 23676755
EXECUTIVE SUMMARY
INCORPORATION DATE :
2-6-1987
REGISTRATION NO. :
11054391
REGISTERED LEGAL FORM : SOLE PROPRIETORSHIP
CHIEF EXECUTIVE : MALPANI ASHWANI KUMAR (SOLE PROPRIETOR)
STAFF STRENGTH :
3
AUTHORIZED
CAPITAL : [IN HONG KONG, UNLIMITED COS. ARE NOT
REQUIRED TO FILE
ITS CAPITAL PARTICULARS TO BR OFFICE (THE
INLAND
REVENUE)]
PAID-UP
CAPITAL : NOT
APPLICABLE
BUSINESS LINE :
TRADING OF FINE JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE TO FAIRLY LARGE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77570 = USD1 AS OF 2006-11-30
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
The correct address of SC is the heading one
instead of the one given by you.
SC was established under Business Registration
number 11054391 on 2-6-1987 with present status as sole proprietorship.
Currently obtained BR copy indicate the particulars
of SC's principal(s) are as follows:
Name(s) of
principal(s) & ID/Passport number(s) Registered address
- Malpani Ashwani Kumar / B098484 Rm B, 18/F,
Star Mansion,
No.3 Minden Row, Kowloon, Hong Kong.
Certain material change or amendment regarding SC
within the last 4 years has been traced & noted as follows:
Change of business address : SC moved to the
heading business address from Rm C3, Block C, 8/F of the captioned building on
17-2-2006.
This section will contain the civil litigations
& winding-up petitions filed against SC for the last 6 years (as stored in
our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges
by an unlimited co is not required to be registered in the public records.
Civil
litigation/winding-up petitions : None
in our database.
Mortgage/charge
record(s) : In Hong
Kong, unlimited companies are not required to file its
charge particulars for public inspection.
Malpani Ashwani Kumar, sole proprietor:
- In his late 40's
- He is by Indian nationality
- Embarked upon his career to present field as a
junior salesman in his mid 20's
- He has over 15 years' experience in the jewellery
industry
- He frequently travels to India for product
sourcing & monitoring of factory operations
- His parents has been in the jewellery business
for many years in India
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: As stated above.
Property ownership: Current land search indicates
the said premises ownership as follows:
- Owner(s) : Budhrani Balraj Hotchand
- Date of purchase & consideration : 20-6-1986
/ HKD0.35M
- Date of mortgage & secured amount : 30-9-2002
/ ANS
- Mortgagee : Liu Chong Hing Bank Ltd.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of the
following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3
Obtained scores : 60 (see
explanatory notes below)
Keys :
1 :
scores 81-100 : Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history &
trade reputation, business experience & track record, market connection and
management skill.
Business categories :
SC is engaged in trading of fine jewellery.
Items available include precious &
semi-precious stones, sapphire, emerald, gemstones, ruby, jade & diamond.
Principal purchases :
Major types of sourcing :
Merchandise
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India, Thailand & South Africa
Buying terms :
D/P & T/T
Principal market :
Local--type of customers :
Walk-in customers & trading cos.
Selling terms :
COD, cheque & credit of 30 to 60 days
Overseas--buying countries :
Taiwan, Japan, S.Korea, Australia, SE Asia & Europe
Selling terms :
D/P & T/T
Total number of
employees : 3.
Location : Maintaining its office at the heading business
address which occupies a gross area of 500 square feet at a commercial building
in a commercial & shopping district.
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
Overseas affiliates:
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- Dynamic Int'l (Japan) Inc. (in Japan)
- Raja's Empire Co. Ltd. (in Taiwan)
SC maintains 2 sales offices in Japan & Taiwan
& a diamond processing factory in India.
Overall payment
appraisal :
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Excellent ( ) Good
(X) Average ( ) Fair
( ) Poor (
) Not yet determined
The appraisal serves as a reference to reveal SC's
payments habits and ability to pay. It
is based on the 3 weighed factors:
Trade payment experience (through current enquiry with SC's suppliers),
our delinquent payment records and our debt collection record concerning SC.
Trade
payment experience : SC did not provide any name of trade/service
suppliers and we have no other sources to conduct the enquiry at present.
Delinquent payment record : None in our database.
Debt collection record : No overdue amount owed by SC was placed to us
for collection within
the
last 6 years.
Banking relations are maintained principally with:
HSBC.
Upon a
current contact, Malpani K. K., SC's staffmember, declined forwarding any
financial information on the ground that it is the company's policy not
releasing any data to a third party without the benefit of knowing the identity
of the inquiring party.
With regard to SC’s length of business and market
connection, credit in the range of moderate to fairly large amount may be
considered.
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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