MIRA
INFORM REPORT
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Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
REX JEWELLERY LTD |
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Registered Office : |
6FL Hang Fung Industrial Bldg - Block B-2, 2G Hok Yuen St
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
JULY 9, 2003 |
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Com. Reg. No.: |
0852801 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Exporting jewelry products. |
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 |
name & address
REX JEWELLERY LTD
6FL HANG FUNG INDUSTRIAL BLDG - BLOCK B-2, 2G HOK YUEN ST
HUNGHOM KOWLOON, HONG KONG.
TEL : [+852] 23621077
FAX : [+852] 27650200
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 9, 2003
REGISTRATION NO. :
0852801
REGISTERED LEGAL FORM :
PRIVATE LIMITED CO.
CHIEF EXECUTIVE : MR. BEHROUZ SOLEYMANI
(CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 128,041
BUSINESS LINE : EXPORTING OF
JEWELRY PRODUCTS
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NORMAL
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81608 = USD1 AS OF 2007-4-5
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 Registration*
===================
(1)
License number :
0852801
Date issued
: 9 July, 2003
Issuing authority
: Companies Registry
Type of license
: Corporate
(2)
License number :
33749853
Issuing authority :
Business Registration Office
Type of license :
Business
*Corporate & Organization Structure*
============================
A small company mainly operated and managed by the owner.
*Office & Facilities*
===============
Other contact details
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Tel nos :
23655277 / 23626002
Email :
rexjry@yahoo.com
*Approved Signatures*
====================
Only Mr. Behrouz Soleymani can sign on behalf of the company
with seal affixed.
*Capital Details*
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Registered capital
: HKD 10,000.00
Capital increase
: HKD 1,000,000.00 divided into 1,000,000.00 ordinary shares at HKD
1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Company Secretary*
=================
EXCEL SECRETARIES LTD
C. R. No. : 541950
Address : Rm 1006,
World-Wide House 19 Des Voeux Rd Central Hong Kong
E-mail :
info@excelcorporate.com.hk
Web site: www.rexjewellery.com The design is professional and the content
is well organized. At present it is in English version.
Email : info@rexjewellery.com
For the past 4 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of shares : 1,000,000
Shareholder's Name No of Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ----------------- ----------------------------------- ---------------
Mr. Behrouz Soleymani 1,000,000 1,000,000.00 100.00
Management : Mr. Amir Saltanat, Manager
Mr. Hassan Tehrani, President
Name Nationality Job Description
Mr. Amir Saltanat
Hong Kong Manager
(Marketing)
Mr. Hassan Tehrani
Hong Kong
President
*Key Personnel*
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(1)
Mr. Behrouz Soleymani
Founder
: Sole founder
USA Passport no :
037489644
Address
: 6Fl Hang Fung Industrial Bldg - Block B-2, 2G Hok Yuen St Hunghom
Kowloon Hong Kong
Work experience : More
than 5 years
Responsibilities
: Handles the daily operation of the firm including all financial and
legal matters.
(2)
Mr. Amir Saltanat
Mobile no :
95294317395
Address : 6Fl
Hang Fung Industrial Bldg - Block B-2, 2G Hok Yuen St Hunghom Kowloon Hong Kong
As a private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*Main Products & Services*
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Specializes in exporting jewelry products.
Products : Bangles
Bracelets
Broaches
Cuff
links
Earrings
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T) - in advance
Purchases
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Import : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T) - in advance
*Local Distribution Network*
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There is no record of local sales since the prime focus of
the firm's activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to overseas
sales.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : REX JEWELLERY LTD
Address : 34 West 47th St Mazz Fl New York 10036 New York
USA
Country : USA
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : REX JEWELLERY LTD
Address : 38Fl Gems Tower 1249/218 Charoenkrung Rd Bangrak
Bangkok 10500 Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : REX JEWELLERY LTD
Country : China
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Exporter
Industry : Giftware & Jewellery
Over the past 4 years, SC has made a stable growth with
satisfactory profit.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
3873 Watches, clocks, clockwork operated
devices, and parts
Exporting
3911 Jewelry, of precious metal
Exporting
3961 Jewelry of materials other than solid
gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
7100 Pearls, stones, prep. Metals,
imitation jewelry, coins
Exporting
7108 Gold (inch put plated), unwrap,
simmer or powder
Exporting
7113 Articles of jewelry & parts, of
precious metal or clad
Exporting
7116201000 Jewelry of precious or semiprecious stones
Exporting
9100 Clocks
& watches & parts thereof
Service
9960 Export
trading/management company
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Activity
Product/Service Description
Exporting
Fine gold jewelry
Exporting
Jewelry
Exporting Jewelry watches
Exporting
Necklaces
Exporting
Pendants
Exporting
Rings
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Europe
Exporting to South America
Exporting to USA
Importing from Asia
Importing from India
Importing from Turkey
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%)