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MIRA
INFORM REPORT
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Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
VK DIMON (HK) LTD |
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Registered Office : |
RM 707, 7FL FU Hang Industrial Bldg 1 Hok
Yuen St East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.09.2007 |
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Com. Reg. No.: |
1168721 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading Precious Metals and Stones, Jewelry and Watches. |
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 : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
VK
DIMON (HK) LTD
RM 707, 7FL FU HANG INDUSTRIAL BLDG 1 HOK
YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27230097 FAX: 852- 27230096
EXECUTIVE SUMMARY
INCORPORATION DATE : SEPTEMBER 19, 2007
REGISTRATION NO. :
1168721
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DHARMENDRA SAHADEV SHEDGE (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D
TO SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80634 = 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
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*Company Registration*
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(1)
License number : 1168721
Date issued : 19 September, 2007
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 38431827-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 shares at HKD
1.00/-each, fully paid
*Approved Signatures*
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Only Mr. Dharmendra Sahadev Shedge can sign on behalf of the company
with seal affixed.
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SC is not known to host website of its own at present.
E-mail: ogc@omgem.com.hk
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Mr. Dharmendra Sahadev Shedge India 10,000.00 10,000.00 100.00
*Company Secretary*
=================
ALTO PROFITTO SECRETARIAL LTD
CR no. : 741913
Address : Rm C 16Fl Skyline
Tower 18 Tong Mei Rd Mongkok Kowloon
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*COMPANY DIRECTORS*
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1
Name :
Mr. Dharmendra Sahadev Shedge
Nationality :
India
ID/Passport No. :
G1905899
Registered Address :
Rm 707, 7Fl Fu Hang Industrial Bldg 1 Hok Yuen St East, Hunghom, Kowloon
Country of Residence
: Hong Kong
Date of Appointment :
19 Sep, 2007
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*Main Products & Services*
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Specializes in trading precious metals & stones, jewelry and
watches.
Products: Jewelry
Precious
metals
Precious
stones
Watches
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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There are no of import and export since the prime focus of the firm's activity
is concentrated on the local sales and purchases only.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 5 OBTAINED SCORES :
33
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established 9 (months) ago no
financials have been lodged.
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SC was established in 2007, and its credit has not been established yet.
Credit dealings with SC should be confined into COD to small amount at present.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3911 Jewelry, of
precious metal
Trading 3915 Jeweler's
findings and materials, and lapidary work
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 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles of jewelry & parts, of
precious metal or clad
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7116205000 Articles
of precious or semiprecious or synthetic stones
Trading 9100 Clocks
& watches & parts thereof
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)