MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DICKSON JEWELLERY CO |
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Registered Office : |
Rm C & D 17fl |
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Country : |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
33776901-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Import of a wide range of jewelry, manufactured by its |
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
DICKSON JEWELLERY CO
RM C & D 17FL
TSIMSHATSUI
TEL: 852- 35425798 FAX:
852-27397136
EXECUTIVE SUMMARY
INCORPORATION DATE : 1995
REGISTRATION NO. : 33776901-000
LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : MR. ANIL BATWARA (PARTNER)
STAFF STRENGTH : 10
CAPITAL : N/A
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.81862 = US$1 AS OF 2007-6-15
*Company History*
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14 July, 2003 - Commenced commercial operations.
*Company Registration*
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License number : 33776901-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Legal form : Partnership
*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.
E-mail: order@decent.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
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Partner's Name
Mr. Anil Batwara
Mr. Billy Parmar
Management: Mr. Anil Batwara, Partner
Mr. Billy Parmar, Partner
Name Nationality Job Description
Mr. Anil Batwara Indian Partner
Mr. Billy Parmar Indian Partner
*Key Personnel*
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Mr. Anil Batwara
HK ID no. : P8008802
Address : Rm B2, 15Fl Hankow Centre 4A
Mr. Billy Parmar
Address : Flat-B 9Fl
Mobile no. : 92057621
Tel no. : 35291368
Fax no. : 23011931
*Main Products & Services*
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Specializes in the following areas of work :
1. Import of a wide range of jewelry, manufactured by its
2. Sales and distribution to local and international market.
Products: 10K gold jewelry
14k gold jewelry
18k gold jewelry
19k gold jewelry
20k gold jewelry
*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)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a factory in
PAYMENT
RATING :4 OBTAINED SCORES : 48
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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 partnership company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with an acceptable base to come into credit dealings of small amount.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911
Jewelry, of precious metal
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 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7113
Articles of jewelry & parts,
of precious metal or clad
Trading 7113110000
Jewelry and parts thereof, of silver
Trading 7113190000
Jewelry and parts thereof, of
precious metal other than silver
Trading 7113192900
Gold necklaces and neck chains nesoi
Trading 7113195000
Gold jewelry nesoi, goldsmiths wares
nesoi and other gold articles
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
Trading 7116201000
Jewelry of precious or semiprecious
stones
Trading 9113900000
Parts for watch straps, bands, and
bracelets,nesoi
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading 22k
gold fine jewellery
Trading 9k
gold jewelry
Trading Aquamarine
pendants
Trading Blue
topaz rings
Trading Bracelets
Trading Citrine
pendants
Trading Diamond
jewelry
Trading Earrings
Trading Gemstones,
jewelry
Trading Gold
jewelry
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Importing from
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/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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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%)