MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
DEHRES LTD. |
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Registered Office : |
Room 3501, Edinburgh Tower, The Landmark, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
5.2.1985 |
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Com. Reg. No.: |
146805 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Diamonds and Jewellery. |
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
DEHRES
LTD.
ROOM 3501,
EDINBURGH TOWER,
THE LANDMARK, CENTRAL, HONG KONG.
TEL: 852
2521341 FAX: 852
28450506
EXECUTIVE SUMMARY
INCORPORATION DATE :
5-2-1985
REGISTRATION NO. :
146805
REGISTERED LEGAL FORM : PRIVATE
LIMITED COMPANY
CHIEF EXECUTIVE : MR. ZION EPHRAIM (DIRECTOR)
STAFF STRENGTH :
20
AUTHORIZED CAPITAL : HK
$15,000,000 = 15,000,000 SHARES @ HK $1.-
PAID-UP
CAPITAL : HK
$15,000,000
BUSINESS LINE :
TRADING OF DIAMMONDS & JEWELLERY
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 7.79932 = USD 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
SC is a private limited company registered under incorporation file no.
146805 on 5-2-1985.
SC's shareholder(s) & director(s) are shown to be as follows:
Shareholder(s) (as at 5-2-2008) Number
of shares held
- EZ Holdings Ltd
14,999,999
- EZ Management Ltd 1
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15,000,000
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Director(s) (as at 5-2-2008)
- Zion Hannah / XD634936
- Zion Ephraim / XD518218
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Total number of employees: 20.
Location: Maintaining
its office at the heading business address which occupies a gross area of 2,500
square feet at a commercial building in a commercial district.
Condition inside the premises during our visit: Normal.
Office/factory layout: Standard.
The premise is rented.
Zion Ephraim, director :
- In his early 50's.
- He has over 15 years of experience in present field.
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: F5, Repulse Bay Tower, 119A Repulse Bay
Road, Hong Kong.
Property ownership :
- Currently obtained land copy indicates the car parking space no.
20 & the said premises ownership
follows :
- Owner(s) : SC.
- Date of purchase & consideration : 28-6-1996 / HK $18,000,000.
- Date of mortgage & secured amount : NA.
- Mortgagee : NA.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Zion Hannah, director :
- In his early 50's.
- He has over 15 years of experience in present field.
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: F5, Repulse Bay Tower, 119A Repulse Bay
Road, Hong Kong.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following records
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 2 Obtained scores : 68 (see explanatory notes below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
During our report preparation, the principals could not be contacted while
the staff members hesitated to release financial information without the
principals' consent.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at 5-2-2008 was NA.
Banking relations are maintained principally with:
- ABN Amro Bank N.V & HSBC.
This section will contain the civil litigations & winding-up petitions
filed against SC for the last 6 years (as stored in our database), and the
mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up petitions: None in our database.
Mortgage/charge record(s): None filed within the last 2 years as per
our current search.
Mortgage Index:
Year(s) in which mortgage registration(s) are filed: 1986, 1988, 1989,
1996, 2000, 2003 & 2004.
Year(s) in which mortgage satisfaction record(s) are filed: 1987, 1992,
2000 & 2007.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience: SC did not provide any name of
trade/service suppliers and we have no other sources to conduct the enquiry at
present.
Delinquent
payment record: None in our database.
Debt
collection record: No overdue amount owed by SC
was placed to us for collection within the last 6 years.
Business categories:
SC is engaged in trading of diamonds & jewellery.
Items available include rings, necklaces, earrings, bracelets, brooches
& plus.
Production is partly assigned to its local sub-contractor(s).
Principal purchases:
Major
types of sourcing :
Merchandise.
Local--type
of suppliers : Nil.
Buying
terms : Nil.
Overseas--supplying
countries : USA, Europe & Middle
Bast.
Buying
terms : L/C
& T/T.
Principal market:
Local--type
of customers : Manufactuers &
retailers.
Selling
terms : COD &
credit of 30 days.
Overseas--buying
countries : Europe, Japan, Taiwan &
SE Asia.
Selling
terms : L/C &
T/T
SC is not known to have any subsidiary at
present.
From all indications, SC is believed to have made a steady and
successful trend of development. Credit
in the range of moderate amount can be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)