MIRA INFORM REPORT

 

 

Report Date :

30.07.2012

 

IDENTIFICATION DETAILS

 

Name :

DICKSON  ASIA  GROUP  LTD.

 

 

Registered Office :

Not Available 

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

Not Available 

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Not Available 

 

 

Line of Business :

subject is trading in sanitary ware and related products

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Not registered in Hong Kong

Payment Behaviour :

---

Litigation :

---

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

DICKSON  ASIA  GROUP  LTD.

 

 

GIVEN ADDRESS

 

Flat B, 18/F., Block 19, Hoi Yat Mansion, River Garden, Tsuen Wan, New Territories, Hong Kong.

 

 

GENERAL

 

Please be advised that Dickson Asia Group Ltd. has not registered in Hong Kong.

Your given address Flat B, 18/F., Block 19, Hoi Yat Mansion, River Garden, Tsuen Wan, New Territories, Hong Kong is in a private building.

The residential building is not trespassed by outsiders.  The subject has no employees in Hong Kong.

To our knowledge, the subject is trading in sanitary ware and related products.  Its has had an affiliated factory in Liaobu Town, Dongguan City, Guangdong Province, China.

We also know that the subject has had an affiliated company in Hong Kong known as Kilomatch International Ltd. [Kilomatch] which is a Hong Kong‑registered firm.  Incorporated on 9th November, 1990, Kilomatch is also trading in all kinds of bathroom cabinets, glass vanity, glass basin, bathroom accessories, shower panel, shower set, shower head, sanitary ware, etc.  Products are marketed in China, exported to the other Asian countries and Europe.  Business is just fairly active.

The background of the subject is unknown to us.

Since the subject has not registered in Hong Kong, consider it not suitable for any business engagements.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.93

Euro

1

Rs.68.10

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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

----

NB

New Business

----

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.