MIRA
INFORM REPORT
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Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FAI
PO JEWELLERY (HK) CO LTD |
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Registered Office : |
Unit
602-606, 6fl Focal Industrial Centre - Block A, 21 Man Lok St Hunghom Kowloon |
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Country : |
Hong
Kong |
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Date of Incorporation : |
03.01.1997 |
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Com. Reg. No.: |
0584998 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in
trading a range of jewelries. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name & Address
FAI PO JEWELLERY
(HK) CO LTD
UNIT 602-606, 6FL FOCAL INDUSTRIAL CENTRE - BLOCK A, 21 MAN
LOK ST HUNGHOM KOWLOON, HONG KONG
TEL :
852-27744833
FAX : 852-23301553
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 3, 1997
REGISTRATION NO. : 0584998
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : N/A
STAFF STRENGTH : 10
CAPITAL : US$ 1,287
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT
RANGE : MODERATE AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.80591 = US$1 AS OF
2007-2-2
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Name*
=============
Incorporated
as :
GRAND POWER (ASIA) LTD
Date incorporated : 3 January, 1997
Changed name
to :
FAI PO JEWELLERY (HK)
Date of change :
16 January, 1998
*Company
Registration*
===================
(1)
License number :
0584998
Date issued :
3 January, 1997
Issuing
authority : Companies Registry
(2)
License number :
20408387
Date issued :
N/A
Issuing
authority : Business Registration Office - Inland Revenue Dept
*Capital Details*
============
Share value :
HKD 1.00/-each
Authorized capital : HKD 10,000.00
Paid-up
capital : HKD 2.00
*Reputation*
==========
Reference checking
for the purpose of establishing the firm's reputation within the respective
industry failed to reveal any negative information.
Web
site: www.faipojewellery.com
the design is professional and the content is well organized. At present it is
in English version.
E-mail: fpg@hkstar.com
For the past two
years there is no record of litigation.
*Major
Shareholders*
=================
Total number of
shareholders : 2
Total number of
shares : 2
Shareholders'
Name No. of Shares Amount of Shares (HKD)
% of Shares
-------------------------- ------------------
-----------------------------------
----------------
PEARL DYNASTY
LTD 1 1.00 50.00
JOYCE FIELD INT'L
LTD 1 1.00 50.00
*Corporate
Director*
=================
- PEARL DYNASTY LTD
- JOYCE FIELD INT'L
LTD
*Company Secretary*
=================
SILVER SWING
(INT'L) LTD
Company number :
157939
Address : Rm 1002, 10Fl CLI Bldg 313
Henessy Rd Wanchai, Hong Kong
SC refused to
release any management details.
*Main Products
& Services*
======================
Specializes in
trading a range of jewelries.
Products: 14k gold
jewelry
18k gold jewelry
Amethyst
Citrine
Gold jewelry
*Payment Terms*
=============
Sales
------
Local :
Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local :
Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Exhibition
Participation*
===================
Participated in the
following local exhibitions:
(1)
Exhibition/Fair : Hong Kong International Jewellery Show
Date attended : 1
March, 2005
(2)
Exhibition/Fair : Hong Kong Jewellery & Watch Fair
Date attended : 18
June, 2005
(3)
Exhibition/Fair : Orogemma
Date attended : 9
September, 2005
(4)
Exhibition/Fair : September Hong Kong Jewellery & Watch
Fair
Date attended : 21
September, 2005
(5)
Exhibition/Fair : 13th HK Int'l Jewelry Manufacturers
Exhibition
Date attended : 1
December, 2005
*International
Exhibition Participation*
==============================
Participated in the
following overseas exhibitions:
(1)
Exhibition/Fair : Jacob K Javits Convention
Date attended : 23
January, 2005
Location :
New York, USA
(2)
Exhibition/Fair : Jewelers Int'l Showcase
Date attended : 29
January, 2005
Location : Miami Beach Convention Centre -
Miami Beach, Florida
(3)
Exhibition/Fair : JCK Show-Phoenix
Date attended : 30
January, 2005
Location :
Civic Plaza Convention Center
(4)
Exhibition/Fair : Gem & Lapidary Wholesalers Holiday Inn
Date attended : 3
February, 2005
Location :
Tucson, USA
(5)
Exhibition/Fair : GJX 2005 Gem & Jewelry Exchange
Date attended : 2
February, 2005
Location : Tucson, USA
(6)
Exhibition/Fair : China International Gold, Jewellery &
Gem
Date attended : 9 March, 2005
Location : Shenzhen China
(7)
Exhibition/Fair : The 18th MidEast Watch & Jewellery
Show
Date attended : 11 April, 2005
Location : Sharjah UAE
(8)
Exhibition/Fair :
Jewelers International Showcase
Date attended : 16
April, 2005
Location :
The Miami Beach Convention Centre, Miami Beach Florida USA
(9)
Exhibition/Fair : GLDA
Las Vegas Gem & Jewelry Show
Date attended : 31
May, 2005
Location :
Mirage Hotel 3400 Las Vegas Blvd So, Las Vegas USA
(10)
Exhibition/Fair : JCK
Las Vegas Show 2002
Date attended : 3
June, 2005
Location :
Sands Expo & Convention Center Las Vegas USA
(11)
Exhibition/Fair : JA
International Jewelry Show
Date attended : 31
July, 2005
Location :
New York USA
*Local Distribution
Network*
=======================
10% of the annual
turnover is attributed to local sales.
*Export Markets*
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90% of the annual
turnover is attributed to export.
*Subsidiaries,
Joint-ventures & Affiliates*
==============================
Maintains a factory
in China.
*(Subsidiaries, Joint-ventures
& Affiliates)
================================
Company Name : FAI PO GEMS & JEWELLERY CO INC
Address : Suite 1703 10th West 46
St New York 10036 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Giftware &
Jewellery
Company Name : FAI PO GEMS MFG CO LTD
Address : Flat 602-606, 6Fl Focal
Industrial Centre - Block A 21 Man Lok St Hunghom
Kowloon Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Giftware &
Jewellery
PAYMENT RATING : 3 OBTAINED SCORES :
56
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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 MODERATE amounts depending on individual judgement
experience.
*Bank Details*
============
Bank Name : HONGKONG & SHANGHAI
BANKING CORP LTD
Global Identifier : 30401640
Branch : Central,Hong
Kong
Branch Address : HSBC Main Bldg 1 Queen's Rd Central
Hong Kong (Head Office)
SWIFT Code : HSBCHKHH
As a private
limited company there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
Over the past 10
years, SC has made a stable growth with satisfactory profit. Credit dealings
with SC in moderate amount can be considered.
ATTACHED: TRADE REFERENCES
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
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 7116
Articles of natural or cut
pearls, prec/semprc stones
Trading 7116201000
Jewelry of precious or semiprecious
stones
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Jewelry
earrings
Trading Jewelry pendants
Trading Jewelry
rings
Trading Peridot
Trading Semi
precious stones
Trading Silver
925 jewelry
Trading Tourmaline
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North
America
Exporting to
Singapore
Exporting to South
Korea
Exporting to Taiwan
Exporting to USA
Exporting to United
Kingdom
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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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%)