MIRA INFORM REPORT

 

 

Report Date :

18.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DMK STONE PRODUCTS LTD

 

 

Registered Office :

12191 Vulcan Way Richmond, BC Canada V6V 1J7

 

 

Country :

Canada

 

 

Year of Establishment :

1998

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Building Stone

 

 

No. of Employees :

15

 

 

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 :

No Complaints

Litigation :

Clear

 

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)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

DMK Stone Products Ltd

 

 

Legal Address

12191 Vulcan Way Richmond, BC Canada V6V 1J7

Operative Address

12191 Vulcan Way Richmond, BC Canada V6V 1J7

Telephone:

(604)278-9557

ID :

N.A.

Fax:

(604)278-9559

Legal Form:

Limited Liability Company

Email:

info@dmkstone.com

Registered in:

Canda

Website:

http://dmkstone.com

Date Created:

1998

Manager:

David Lee President & Board Member

Date Incorporated:

1998

Staff:

15

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Building Stone

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

DMK Stone Products Ltd was created in 1998.

PRINCIPAL ACTIVITY

 

DMK Stone Products Ltd is wholesaler company that holds a building warehouse for the stone industry.

Products/Services description:

 

DMK Stone Products Ltd offers over 200 types of stone from all over the world.

 

The products the company offers are:

 

Granite

Limestone

Marble Stone

Sales are:

 

Wholesale

Clients:

 

Companies and public in general

Suppliers:

 

Shanghai Way On Imp. & Exp.

Rm 1208 No 11 Changshun Rd Shanghai Shanghai 200336 Cn

 

Dmk Stone Products Ltd.

11591 Bridgeport Rd Richmond B C Canada V6x 1t5 Tel 604 232 4442 Fax 604 278 8731

 

Jiangsu Zhongxin Desai Wood Product Co., Ltd.

Lianrong Village, Henglin Town, Wujin District, Changzhou, Jiangsu, China, 213103

 

Operations area:

 

Local

The company imports from Brazil, India, Greece, China, Ukraine, Shangai mainly

The company does not export

The subject employs 15 employees

PAYMENTS

 

regular

LOCATION

Headquarters

 

12191 Vulcan Way Richmond, BC Canada V6V 1J7

Surface area:

 

300,000 square feet

The property is:

 

Owned



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. David Lee is the company's main shareholder.

Management:

 

David Lee President & Board Member

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Ms. Johey who refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

 

Currency

DATE

 

USD

2011

 

Turnover

4,000,000

 

The cash flow is

Normal

 

 

 

Comments on the financial data: The financial data was not confirmed with the company, however we get information from our financials sources.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

 Rating

 

Local credit bureau gave a Normal credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

DMK Stone Products Ltd, has 14 years of experience in the building Stone market, from their location in Canada where they operate with 15 employees, this company also import most of their products and sales them to the public and companies in general. We did not find any negative information or legal record against the company.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Ms. Johey

Position

 

Manager

Comments

 

She refused to provide any kind of information and referred us to the web site.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.69

Euro

1

Rs.70.44

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.