MIRA
INFORM REPORT
|
Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DHRUV INTERNATIONAL |
|
|
|
|
Registered Office : |
Room 601, 6/F., Kwong Kin Trade Centre, 5 Kin Fat Street, Tuen Mun, New Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
16.03.2005 |
|
|
|
|
Com. Reg. No.: |
35418935-000-03 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of garments. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
DHRUV
INTERNATIONAL
Address
Room 601, 6/F., Kwong Kin Trade Centre,
5 Kin Fat Street, Tuen Mun,
New Territories, Hong Kong.
ADDRESS
Room 601, 6/F., Kwong Kin Trade Centre, 5 Kin Fat Street, Tuen Mun, New Territories, Hong Kong.
PHONE: 3691 9115
FAX: 3160 4661
E-MAIL: dhruv05@gmail.com
MANAGEMENT
Manager: Mr. Venkatesh Murugan
SUMMARY
Establishment: 16th March, 2005.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: HK$15-18 million.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 601, 6/F., Kwong Kin Trade Centre, 5 Kin Fat Street, Tuen Mun, New Territories, Hong Kong.
BUSINESS REGISTRATION NUMBER
35418935-000-03
MANAGEMENT
Manager: Mr. Venkatesh Murugan
SOLE PROPRIETOR
Name: Mr. Venkatesh MURUGAN
Residential
Address: 19C,
Block 11, Phase 2, Gold Coast, Tuen Mun, New Territories, Hong Kong.
HISTORY
The subject was established on 16th March, 2005 as a sole proprietorship concern owned by Mr. Venkatesh Murugan under the Hong Kong Business Registration Regulations.
Formerly the subject was located at 19C, Block 11, Phase 2, Gold Coast, Tuen Mun, New Territories, Hong Kong where is the residential address of the sole proprietor, moved to the present address in March 2007.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of garments.
Employees: 5.
Commodities Imported: China, other Asian countries, etc.
Markets: South America, North America, the Middle East, Asian countries, etc.
Annual Turnover: HK$15-18 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a very profit in the past year.
Condition: Business is improving.
Facilities: Making rather active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Dhruv International is a sole
proprietorship set up and owned by Mr. Venkatesh Murugan who is an
Indian. He is a Hong Kong ID Card
holder and has got the right to reside in Hong Kong permanently.
Based in Hong Kong, the subject
is a garment trader. Its major market
is the South America.
Currently, the subject is
carrying the following commodities: Anoraks, Parkas and Carcoats‚ Babies’
Footwear‚ Babies’ Wear‚ Blouses‚ Cardigan, Sweater and Pullover‚ Carnival
Costume‚ Children’s Wear‚ Coats‚ Denim Garments‚ Down Filled Jackets and Coats‚
Dress Gloves – Imitation Leather‚ Dress Gloves – Leather‚ Dress Gloves – Woollen
Knitted‚ Dresses and Skirts‚ Evening and Party Dresses‚ Fashion Earmuffs‚
Fleece Garments‚ Footwear – PVC and Plastic‚ Hats and Caps‚ High Fashion Wear‚
Jacket – Ladies (excluding Ski-Jacket)‚ Jacket – Men (excluding Ski-Jacket)‚
Knitted Garments‚ Leg Warmer‚ Military Clothing and Accessories‚ Nightwear and
Pyjamas‚ Protective Clothing‚ Raincoats‚ Sandals – EVA‚ Scarf – Knitted‚
Shirts‚ Silk Garment‚ Slippers – Flip-Flops / Thongs‚ Slippers – PVC‚ Sport
Shoes‚ Sport Suits‚ Sporting Knitwear‚ Sports Gloves‚ Stock Lots – Footwear‚
Stock Lots – Garment‚ Suits and Jackets – Men’s‚ Suits and Jackets – Women’s‚
Tailor Made Garments‚ Tee and Sweat Shirts‚ Thermal Wear‚ Ties and Bowties‚
Trousers and Slacks‚ Underwear – Children’s‚ Underwear – Men’s‚ Underwear – Women’s‚
Uniform (excluding Military Clothing)‚ Water Sports Apparel‚ Wellington Boots‚
Windbreaker‚ Winter Sports Apparel‚ Yachting and Fishing Suit‚ Anoraks, Parkas
and Carcoats‚ Babies’ Footwear‚ Babies’ Wear‚ Blouses‚ Cardigan, Sweater and
Pullover‚ Carnival Costume‚ Children’s Wear‚ Coats‚ Denim Garments‚ Down Filled
Jackets and Coats‚ Dress Gloves – Imitation Leather‚ Dress Gloves – Leather‚
Dress Gloves – Woollen Knitted‚ Dresses and Skirts‚ Evening and Party Dresses‚
Fashion Earmuffs‚ Fleece Garments‚ Footwear – PVC and Plastic‚ Hats and Caps‚
High Fashion Wear‚ Jacket – Ladies (excluding Ski-Jacket)‚ Jacket – Men
(excluding Ski-Jacket)‚ Knitted Garment‚ etc.
Besides South America, the
subject’s commodities are exported to North America, the Middle East and some
Asian countries. Commodities are
imported from China, acquired from local suppliers and imported from the other
Asian countries.
The subject’s history is just
over three and a half years, however, business has been improving. Annual sales turnover ranges from HK$15 to
18 million. The subject’s business is
chiefly handled by Mr. Murugan himself.
On the whole, consider the
subject good for small business engagements.
COURT CASES
None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)