MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIMONTE TRADING CO |
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Registered Office : |
Flat A 6FL Kimberly Mansion 15 Austin Ave, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
April 2, 2001 |
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Com. Reg. No.: |
31691929-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in trading jewelry, watches, precious stones and precious
metals. Also provide investment services. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
address
DIMONTE TRADING CO
FLAT A 6FL KIMBERLY MANSION 15 AUSTIN AVE
TSIMSHATSUI KOWLOON HONG KONG
TEL : 852-23669677
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 2, 2001
REGISTRATION NO. :
31691929-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
3
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78888 = US$1
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
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Major Shareholders*
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Partners' Name
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Devang Navinchandra Parekh
Rakesh Surendra Shah
Management: Mr. Devang
Navinchandra Parekh, Partner
Mr. Rakesh Surendra Shah, Partner
Name Nationality
Job Description
Mr. Devang Navinchandra Parekh Indian
Partner
Mr. Rakesh Surendra Shah Indian
Partner
*Key Personnel*
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(1)
Devang Navinchandra Parekh
Founder : Co-Founder
Hong Kong ID no. : P2621731
Address : Flat
B 6Fl Windsor Mansion 17 Austin Ave Tsimshatsui Kowloon Hong Kong
(2)
Rakesh Surendra Shah
Founder :
Co-Founder
Hong Kong ID no. : P148448A
Address : Flat B 6Fl Windsor Mansion 17 Austin
Ave Tsimshatsui Kowloon Hong Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Engaged in trading jewelry, watches, precious stones and precious
metals.
2. Also provide investment services.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 45
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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.
*Bank Details*
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Bank name : INDUSTRIAL & COMMERCIAL BANK OF CHINA (ASIA) LTD
Branch : 122-126 Queen's Rd
Central Hong Kong
Swift code : UBHKHKHH
SC is considered small-sized in its line with a 6 years history.
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 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%)