MIRA
INFORM REPORT
|
Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
RAVI INT'L CO LTD |
|
|
|
|
Registered Office : |
Rm 601-604, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
February 27, 1976 |
|
|
|
|
Com. Reg. No.: |
0046274 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading wide range of garments.
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Up To USD 60,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
RAVI INT'L CO LTD
RM 601-604,
TSIMSHATSUI
TEL : 852-27224768
FAX : 852-27236709
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 27, 1976
REGISTRATION NO. :
0046274
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. SATESH DAYARAM (CHAIRMAN)
STAFF STRENGTH :
35
CAPITAL :
US$ 255,754
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : HKD 7.81636 = US$1 AS OF 2007-7-12
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
===================
(1)
License number : 0046274
Date issued : 27
February, 1976
Issuing authority : Companies
Registry
License type : Corporate
Legal form : Private
Company having a share capital
(2)
License number : 04726602-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
License type :
Business
*Capital Details*
============
Share value : HKD
100.00 /-each
Authorized capital : HKD
2,000,000.00
Paid-up capital : HKD
1,500,000.00 divided into 15,000 ordinary shares
*Charges*
=========
Type of Charge
: Mortgage
Chargee / Beneficiary :
N/A
Amount Secured by charge : USD
4,349,552.11
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: hdaya@hdaya.com
For the past two years there is no record of litigation.
*Major Shareholders*
===================
Total number of shareholders
: 3
Total number of ordinary shares :
15,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of
Shares
---------------------------
------------------------------
----------------------------------- ----------------
Hiranand Harkishindas Dayaram 9,749 974,900.00 64.99
Mukesh Harkishindas Dayaram 5,250 525,000.00 35.00
Satesh Dayaram
1
100.00
0.01
*Director's Details*
===============
(1)
Hiranand Harkishindas Dayaram
HK ID no. : XE18758(8)
Address : Flat A-1
6Fl Evergreen Villa
(2)
Mukesh Harkishindas Dayaram
HK ID no. :
XD631122(4)
Address : Flat
B-1, 1Fl
*Company Secretary*
=================
MARFAN & ASSOCIATES LTD
Address : 11
CR Number : 94488
*Key Personnel*
=============
Satesh Dayaram
HK ID no. :
K946604(5)
Address : Flat A-1
6Fl Evergreen Villa
Responsibility : Handles
the overall management of the company.
*Main Products & Services*
======================
Specializes in trading wide range of garments.
Products: Boys' clothes
Clothing
Garments
Men's clothing
Polos
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains a factory in
*(Subsidiaries , Joint-ventures & Affiliates)
========================
Company Name : H DAYA INT'L CO LTD
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Garments & Accessories
PAYMENT RATING : 3 OBTAINED SCORES : 58
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
============
Bank name : HONG KONG
& SHANGHAI BANKING CORP LTD, THE
Branch : 5Fl
Swift code : HSBCHKHH
SC is considered an old-established business with stable development
trend. It is considered a credit line up to USD 60,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Apparel/Other
Textile Products
Trading 2329 Men's
and boys' clothing,
Trading 5136 Clothing
& Furnishing, male
Trading 5137 Female/Child
Clothing
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6114200052 Women's
other garments, knitted or crocheted, of cotton: coveralls, jumpsuits
and similar apparal
Trading 6210 Garments,
of felt etc, or fabric impregnated etc
Trading 621050 Women's wear
Trading 6211390000 Men's
or boys' other garments of other textile materials, not knitted or crocheted
Trading 6309 Worn
clothing and other worn textile articles
Trading 6309000000 Worn
clothing and other worn articles
Trading 6309000010 Worn
clothing and other worn articles: worn clothing
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Polos
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)