MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ORIENTAL FIRST JEWELRY MANUFACTURER LTD |
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Registered Office : |
Rm 714-716 Houston Centre 63 Mody Rd, Tsimshatsui East
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
April 21, 1989 |
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Com. Reg. No.: |
0249333 |
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Legal Form : |
Private |
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Line of Business : |
Manufacture of jewelry. Sales and distribution to local and export markets. |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
ORIENTAL FIRST JEWELRY MANUFACTURER LTD
RM 714-716 HOUSTON CENTRE 63 MODY RD
TSIMSHATSUI EAST KOWLOON, HONG KONG.
TEL : 852-23690151
FAX : 852-27395243
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 21, 1989
REGISTRATION NO. :
0249333
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
25
CAPITAL :
US$ 128,370
BUSINESS LINE :
MANUFACTURE AND TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79878 = US$1
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 :
ORIENTAL FIRST JEWELLERY MANUFACTURER LTD
Date of incorporation : 21
April, 1989
Changed name to : ORIENTAL
FIRST JEWELRY MANUFACTURER LTD
Date of change : 21
November, 1989
*Company Registration*
===================
(1)
License number : 0249333
Date issued : 21 April,
1989
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 12836920-000
Date issued : N/A
Issuing authority : Business Registration
Office - Inland Revenue Department
Type of license : Business
*Capital Details*
============
Authorized capital: HKD 1,000,000.00, divided into 1,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Other contact details
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Tel nos. : 23690152 to 4
E-mail : sandra@orientalfirst.com
Website : www.jewelry.org.hk
*Registrar*
=========
TRICOR SERVICES LTD
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Tak-fu Lau can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
E-mail: sales@orientalfirst.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
2
Total number of shares
: 1,000,000
Shareholders' Name No. of
Shares Amount of Shares (HKD) % of Shares
--------------------------
------------------
---------------------------------
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WIDE YIELD CORP
999,999
999,999.00 100.00
GOLDJOY INC 1 1.00 -
*Directors' Details*
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(1)
Mr. Pak-sau Lau
Address : 3Fl,
Mao Deng Estate Yee King Garden Yee King Rd Shenzhen Guangdong China
Passport number : G14436908
(2)
Mr. Tak-fu Lau
Address :
Flat D, 6 Fl, Fairyland Garden 8 Broadcast Drive Kowloon Tong Kowloon Hong Kong
National ID number : K066204(6)
*Company Secretary*
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TRICOR STRATH LTD
SC’s management details are not available at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Manufacture of jewelry.
2. Sales and distribution to local and export markets.
Products: 14k gold jewelry
18k gold
jewelry
Diamond set
jewelry
Emerald
jewelry
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
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
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Exhibition fair: Hongkong International Jewellery Show 2000
Date attended: 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a factory in Shenzhen China.
PAYMENT
RATING : 3 OBTAINED SCORES :
53
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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.
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 a long history. Credit
dealings with SC in moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3911 Jewelry, of
precious metal
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 7103 Precious
& semiprec stones, not strung etc
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7114 Articles
of goldsmith/silversmith wares, precious metal
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7115 Articles
of or clad with precious metal
Trading 7115905000 Articles
of platinum including metal clad with platinum
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
Trader Sapphire
jewelry
Trader Semi precious
stone jewelry
Trader Platinum
jewelry
Trader Pearl
jewelry
Trader Natural
pearls
Trader Precious
metal
Trader 14k gold
jewelry
Trader 18k gold
jewelry
Trader Ruby set
jewelry
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
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. |
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%)