MIRA
INFORM REPORT
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Report Date : |
3rd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
ASTOR JEWELLERY CO LTD |
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Registered Office : |
Rm 1001-3, 10fl Lane Crawford House 70 Queen's Rd Central Hong Kong,
Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 4, 1972 |
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Com. Reg. No.: |
0026421 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers and exporters of a wide range of
jewelry and precious metal. |
RATING & COMMENTS
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MIRA’s 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 : |
Usually
Correct |
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Litigation : |
Clear |
Name & address
ASTOR JEWELLERY CO LTD
RM 1001-3, 10FL LANE CRAWFORD HOUSE 70 QUEEN'S RD
CENTRAL HONG KONG,
HONG KONG
TEL: 852 25246712
FAX: 852 28684154
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 4, 1972
REGISTRATION NO. :
0026421
CHIEF EXECUTIVE :
MR. HENRY WAI (DIRECTOR)
STAFF STRENGTH :
50
CAPITAL :
US$ 256,739
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 50,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77724 = US$1 AS OF 2006-11-3
*Company Registration*
===================
(1) License number : 0026421
Date issued : 4
January, 1972
Issuing authority
: Companies Registry
Type of license : Corporate
(2) License number : 03439517-000
Issuing authority : Inland Revenue
Department
Type of license
: Business
*Capital Details*
============
Authorized capital : HKD 2,000,000.00 divided into
20,000 ordinary shares at HKD100.00/-each, fully paid
*Office & Facilities*
===============
Other tel nos : 25237981 / 25223751 / 25221750
*Reputation*
==========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
*Approved Signatures*
====================
Mr. Wing-lung Wai can sign on behalf of the company
with seal affixed.
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 4
Total number of ordinary shares : 2,000
Shareholders' name No. of Ordinary Shares
Amount of Shares (HKD) % of
shares
-------------------------
------------------------------
----------------------------------
----------------
WINFORT LTD 9,200
920,000.00
46.00
Nelson Wai 5,800 580,000.00 29.00
BEST RICH HOLDINGS LTD 4,000
400,000.00
20.00
Yin-mei
Ying Wai 1,000
100,000.00
5.00
*Director's Details*
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(1) Wing-lung Wai
HKID no. : A591310(A)
Address : Rm 1001-3 Lane Crawford House 70 Quenn's
Rd, Central, Hong Kong
(2) Nelson Wai
HKID no. : D167841(9)
Address : 6Fl, 15 Fontana Gardens Ka Ning Path,
Causeway Bay, Hong Kong
(3) Joseph Wai
HKID no. :
D264280(9)
Address : Rm 1001-3 Lane Crawford House 70 Quenn's
Rd, Central, Hong Kong
Shareholders' Details
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Yin-mei Ying Wai
Address : Rm 1001-3 Lane Crawford House 70 Quenn's
Rd, Central, Hong Kong
*Company Secretary*
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Nelson Wai
HKID no. : D167841(9)
Address : 6Fl, 15 Fontana Gardens Ka Ning Path,
Causeway Bay, Hong Kong
Name Nationality
Job Description
Mr. Henry Wai Hong
Kong Director
Mr. Joseph Wai Hong
Kong Director
Mr. Nelson Wai Hong Kong Director
Mr. Wing-lung Wai Hong
Kong Director
*Main Products & Services*
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Specializes in the manufacture and export of a wide
range of jewelry and precious metal.
Products : Diamond
jewelry
Jewelry
Pearl jewelry
Jewelry, precious metal
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
*Associations*
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Member of :
- The Hong Kong Jade & Stone Manufacturers
Association
*Local Distribution Network*
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Part of the annual turnover is attributed to local
sales.
*Export Markets*
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Majority of the annual turnover is attributed to
export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING :
3 OBTAINED SCORES : 60
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Implication |
Implications |
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1 |
Scores 85–100 |
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.
SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD50,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 3911 Jewelry,
of precious metal
Exporting 5094 Jewelry/Watches/Precious
Mtl
Manufacturing
3911 Jewelry, of precious metal
Manufacturing
5094 Jewelry/Watches/Precious Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 7101 Pearls,
natural or cultured, not strung or set etc
Exporting 7102 Diamonds,
worked or not, not mounted or set
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing
7101 Pearls, natural or cultured, not strung or set etc
Manufacturing
7102 Diamonds, worked or not, not mounted or set
Manufacturing
7113 Articles of jewelry & parts, of precious metal or
clad
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Manufacturing
Pearl jewelry
Manufacturing
Jewelry, precious metal
Manufacturing
Jewelry
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
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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