MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
DILASH & CO |
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Registered Office : |
RM 1202, Block 2, 12FL Hart Ave Plaza
5-10 Hart Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.04.1988 |
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Com. Reg. No.: |
11725928 - 000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trader of Diamond Products. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
DILASH
& CO
RM 1202, BLOCK 2, 12FL HART AVE PLAZA
5-10 HART AVE TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-28907575 FAX: 852-25777153
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 8, 1988
REGISTRATION NO. :
11725928 - 000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. ASHOK MUKTILAL KOTHARI (PARTNER)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79686 = 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
*Corporate & Organization Structure*
=============================
A small-sized company mainly operated and managed by an experienced team
of professionals.
SC is not known to host website of its own at present.
E-mail: utlhk@hknet.com
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.
Management: Mr. Ashok Muktilal
Kothari, Partner
Mr. Bhavik Ashokkumar Kothari, Partner
Mr. Kunal Ashokkumar Kothari, Partner
Name Nationality
Job Description
Mr. Ashok Muktilal Kothari Indian
Partner
Mr. Bhavik Ashokkumar Kothari Indian
Partner
Mr. Kunal Ashokkumar Kothari Indian
Partner
*Main Products & Services*
======================
Specializes in trading diamond products.
Products: Diamond products
Diamonds
*Payment Terms*
==============
Sales
--------
Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=======================
50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
55
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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 MODERATE amounts depending
on individual judgement experience.
As a partnership firm there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Bank Details*
============
Bank Name : HANG
SENG BANK LTD
Branch :
Central, Hong Kong
Branch Address :
Kowloon
SWIFT Code :
SCBLHKHH
SC is considered small-sized in its line with a long development
history. Credit up to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
North America Exporting
Belgium Importing
India Importing
Russia Importing
Taiwan Exporting
USA Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)