MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KRISTAL DESIGNS |
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Registered Office : |
Rm G 9FL Luna Court 53-59 Kimberley Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.07.2006 |
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Com. Reg. No.: |
36911251-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of Diamonds and other Jewelry. |
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/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KRISTAL DESIGNS
RM G 9FL LUNA COURT 53-59 KIMBERLEY RD TSIMSHATSUI KOWLOON,
HONG KONG
TEL: 852 31090017 FAX: 852
81045009
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 4, 2006
REGISTRATION NO. :
36911251-000
CHIEF EXECUTIVE :
LAXMAN DATTARAM DALAVI (SOLE FOUNDER)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81237 = 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
*Company Registration*
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License number : 36911251-000
Date issued : 4 July,
2006
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
SC is not known to host website of its own at present.
For the past one year there is no record of litigation.
*Major Shareholders*
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Under Hong Kong corporate law, there is no existing
"shareholder" in a sole proprietorship.
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.
*Directors Details*
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Personal Unique Identifier : MI01687949
Country : Hong Kong
Name : Mr. Laxman Dattaram Dalavi
Nationality : Hong Kong
ID/Passport No. : ZZ5231352
Registered Address : Rm G 9Fl Luna Court
53-59 Kimberley Rd, Tsimshatsui, Kowloon
*Key Personnel*
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Laxman Dattaram Dalavi
Founder : Sole founder
HKID no. : ZZ5231352
Address : Rm G 9Fl
Luna Court 53-59 Kimberley Rd, Tsimshatsui, Kowloon Hong Kong
Responsibilities : Registered as the key owner and operator of the
business.
*Main Products & Services*
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Specializes in trading of diamonds and other jewelry.
Products : Diamond
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.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
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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 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 nine (9) months ago no
financials have been lodged.
SC is considered small-sized in its line with a short operating history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
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 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%)