MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DORERA LTD |
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Registered Office : |
Rm 505 Peter Bldg 58 Queen's Rd Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 13, 1985 |
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Com. Reg. No.: |
0163135 |
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Legal Form : |
Private |
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Line of Business : |
Design and manufacture of a wide range of jewelry. Wholesale and export of a wide range of pearl and
gemstone. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
DORERA LTD
RM 505 PETER BLDG 58 QUEEN'S RD CENTRAL, HONG KONG.
TEL : [+852] 25214336
FAX : [+852] 28459276
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 13, 1985
REGISTRATION NO. :
0163135
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. AVRAHAM NAGAR (COMPANY DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,279
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79374 = USD1
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
*Trading Name*
=============
Although the company is legally registered by the name
listed above, it is commonly known by the following Trading Names under which
it operates locally:
- CARNET
- DA VINCI CODE JEWELRY STORE
*Company History*
===============
December 2005 -
Took a step further by expanding it's presence using the internet.
May 2006
- Launched the Da Vinci Code Jewelry online store selling high ticket
items based on themes
in the movie, The Da Vinci Code.
*Capital Details*
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Authorized capital : HKD 10,000.00, divided into 10,000
ordinary shares at HKD 1.00/-each, fully paid
*Office & Facilities*
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Other contact details
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Tel nos. : 25265194-5
Fax no. : 28772445
E-mail :
carnet@carnetjewellery.com
*Factories, Size & Locations*
======================
Maintains factory in the country.
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
=================
Mr. Avraham Nagar can sign on behalf of the company with
seal affixed.
*Company Secretary*
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BENTA NOMINEES LTD
CR number : 42671
Address : 20Fl
Tung Wai Commercial Bldg 109-111 Gloucester Rd Wanchai Hong Kong
Website: www.da-vinci-code-jewelry.com The design
is professional and the content is well organized. At present it is only in English
version.
Email : info@da-vinci-code-jewelry.com
For the past 22 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 10,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
-------------------------- ------------------------------ --------------------------------- ----------------
RUSSELLI INC 5,000 5,000.00 50.00
TRANQUILLA INC 5,000 5,000.00 50.00
*Director's Details*
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(1)
Avraham Nagar
National ID number : XD821878(7)
Address
: Flat A 19Fl Hollywood Heights 6 Old Peak Rd Hong Kong
(2)
Michelle Ong
National ID number : D455333(1)
Address : 20B Hollywood Heights 6 Old
Peak Rd Hong Kong
*Main Products & Services*
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Specializes in the following areas of work :
1. Design and manufacture of a wide range of jewelry.
2. Wholesale and export of a wide range of pearl and
gemstone.
Products : Bracelets
Diamonds
Earrings
Emeralds
Fine
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
*Deal Making*
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Nature of deal :
Exclusive rights to sell jewelry.
Parties involved
: SONY PICTURES
DORERA LTD
Details
: The company negotiated with SONY PICTURES for the exclusive rights to
sell jewelry inspired
by the movie The Da Vinci Code.
*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
worldwide.
*Shipping*
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Orders can be shipped free, via insured DHL shipping,
guaranteed and returnable within 14 days.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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 limited liability 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 a development
history of 22 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 3911 Jewelry,
of precious metal
Exporting 5094 Jewelry/Watches/Precious
Mtl
Manufacturing 3911 Jewelry, of precious metal
Manufacturing 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Exporting 7102 Diamonds,
worked or not, not mounted or set
Exporting 7103 Precious
& semiprec stones, not strung etc
Exporting 7103910000 Rubies, sapphires and emeralds, otherwise worked
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7113205000 Jewelry of base metal clad with precious metal
Exporting 7116 Articles
of natural or cut pearls, prec/semprc stones
Exporting 7116201000 Jewelry of precious or semiprecious stones
Manufacturing 7102 Diamonds, worked or not, not
mounted or set
Manufacturing 7113 Articles of jewelry &
parts, of precious metal or clad
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Emeralds
Exporter Pearl
Exporter Diamonds
Exporter Gemstones
Exporter Rubies
Exporter Sapphires
Exporter Pendants
Manufacturer Diamonds
Manufacturer Rings
Manufacturer Fine
jewelry
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
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. |
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 SCs 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%)