MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
CHUNG
SHUN JEWELLERY MANUFACTORY LIMITED |
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Registered Office : |
Rm 1102
Golden Dragon Centre 38-40 Cameron Rd Tsimshatsui Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.09.1993 |
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Com. Reg. No.: |
0450328 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in the following areas of work: 1. Designing of jewelry. 2. Production of finished products by its China
factory. |
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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Maximum Credit Limit : |
USD30,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
CHUNG SHUN JEWELLERY MANUFACTORY LTD
RM 1102
GOLDEN DRAGON CENTRE 38-40 CAMERON RD
TSIMSHATSUI
KOWLOON, HONG KONG
TEL : 852 21919762
FAX :
852 21919763
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 28, 1993
REGISTRATION NO. :
0450328
CHIEF EXECUTIVE :
MR. WAI-CHUNG LAI (DIRECTOR)
STAFF STRENGTH :
20
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 30,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.78462 = US$1 AS OF 2006-11-13
*Company Registration*
===================
(1)
License number
: 450328
Date issued : 28
September, 1993
Issuing authority
: Companies Registry
Type of license
: Corporate
(2)
License number
: 17427849
Issuing authority
: Inland Revenue
Department
Type of license
: Business
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital :
HKD 100,000.00
Paid-up capital : HKD 100.00
divided into 100 ordinary shares
*Office & Facilities*
===============
Employees breakdown
-------------------------------
Staff designers : 3
Skilled personnel
: 30
Other website
: www.jewelry.org.hk/chungshun
*Reputation*
===========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
Website
: www.csjewel.com The
design is professional and the content is well organized. At present it is in
English version.
E-mail :
marketing@csjewel.com
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 2
Total number of ordinary shares : 100
Shareholders' name No. of shares
Amount of shares (HKD) % of
shares
-------------------------- ------------------ --------------------------------- ----------------
Mr. Wai-chung Lai 99 99.00 99
Mr. Yee-kwan Lai 1 1.00 1
*Directors' Details*
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(1)
Mr. Wai-chung Lai
HKID no :
G063304(5)
Resident status : Hong
Kong
Address : Flat
D 14/F Tin Man Court 2A Kimberley St Tsimshatsui Kowloon
(2)
Mr. Yee-kwan Lai
HKID no :
C542236(A)
Resident status : Hong Kong
Address : Flat
D 14/F Tin Man Court 2A Kimberley St Tsimshatsui Kowloon
*Corporate Secretary*
=================
WELLPROS CONSULTANCY LTD
CR no : 401198
Address
: Rm 01-02, 23Fl The Kwangtung
Provincial Bank Bldg 409-415 Hennesy Rd Causeway
Bay Hong Kong
Name Nationality
Job Description
Mr. Wai-chung Lai Hong
Kong Director
Mr. Yee-kwan Lai Hong
Kong Director
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Designing of jewelry.
2. Production of finished products by its China
factory.
Products : Jewelry
Jewelry rings
*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
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local
sales
*Imports*
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100% of its products are imported.
*Export Markets*
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Part of the annual turnover is attributed to export
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name :
CHUNG SHUN JEWELLERY MANUFACTORY LTD
Global Identifier :
P0872630
Address :
Xin Ling Bldg 21-26 Guangzhou Freeway Shunde Dist Foshan Guangdong
China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private Limited Company
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains manufacturing facility in China. Details
is as follows:
Production staff
: 500
Size :
5,500 sq. meter facility
Location :
Foshan City, Guangdong
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 USD30,000 appears to be within
SC’s capacities.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 3911 Jewelry, of precious metal
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7113200000 Jewelry and parts, base metal clad w precious metal
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
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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