MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASTOR JEWELLERY CO. LTD. |
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Registered Office : |
Rm 1001-3, Lane Crawford House, 70 Queen's Road, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
4-1-1972 |
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Com. Reg. No.: |
26421 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in wholesale of fine jewellery & related products. |
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
ASTOR JEWELLERY CO. LTD.
RM 1001-3, LANE CRAWFORD HOUSE,
70 QUEEN'S ROAD, CENTRAL, HONG KONG.
TEL : 852 25246712/25223751
FAX : 852 28684154
EXECUTIVE SUMMARY
INCORPORATION DATE :
4-1-1972
REGISTRATION NO. :
26421
REGISTERED LEGAL FORM : PRIVATE
LIMITED COMPANY
CHIEF EXECUTIVE : MR. WAI NELSON (DIRECTOR)
STAFF STRENGTH :
7
AUTHORIZED CAPITAL :
HK $2M = 20,000 SHARES @ HK $100.-
PAID-UP
CAPITAL : HK $2M
BUSINESS LINE :
WHOLESALE OF FINE JEWELLERY & RELATED PRODUCTS
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 7.79870 = USD1
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
SC is a private limited company registered under incorporation file no.
26421 on 4-1-1972.
SC's shareholder(s) & director(s) are shown to be as follows:
Shareholder(s) (as at 4-1-2007) Number
of shares held
- Winfort Ltd. 9,200
- Wai Nelson 5,800
- Bestrich Holdings Ltd. 4,000
- Wai Yin Mei Ying 1,000
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20,000
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Director(s) (as at 4-1-2007)
- Wai Nelson / D1678419
- Wai Wing Lung / A5913104
- Wai Joseph / D2642809
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Your given name is registered in the BR Office of Hong Kong. However, according to your given address, we
believe your search target is the heading one.
Total number of employees: 7.
Location: Maintaining
its office & showroom at the heading business address which occupies a
gross area of 3,000 square feet at a commercial building in a commercial &
shopping district.
Condition inside the premises during our
visit: Normal.
Office/factory layout: Standard.
The premises is rented.
SC is a subsidiary of Winfort Ltd. whose partial information is as
follows:
- Year established: 2005
- Registered address: P.O. Box
3152, Road Town, Tortola, BVI.
- Business line: As an offshore
holding co. representing the equity interest of SC's existing directors
- Civil litigation & winding-up petition: None in our database
Wai Nelson, director:
- In his mid 50's & married
- Embarked upon his career to present field as a junior salesman in his
early 20's
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: 6/F, 15 Fontana Gardens, Ka Ning Path,
Causeway Bay, HK.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Wai Wing Lung, director:
- In his 60's & married
- Embarked upon his career to present field as a junior salesman in his
mid 20's
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: Same as heading business address.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 2 Obtained scores : 63 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is calculated
from a composite of scores obtained from the following 5 factors which carry
equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
During our report preparation, the principals could not be contacted
while the staff members hesitated to release financial information without the
principals' consent.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at 4-1-2007 was nil.
Banking relations are maintained principally with: HSBC.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up petitions: None in our database.
Mortgage/charge record(s): None filed within the last 2 years as per our
current search.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment experience: SC did not provide any name of trade/service suppliers and we have no other sources to conduct the enquiry at present.
Delinquent
payment record: None in our database.
Debt
collection record: No overdue amount owed by SC
was placed to us for collection within the last 6 years.
Business categories:
SC is engaged in wholesale of fine jewellery & related products.
Items available include gemstones, jade, diamond, jewellery products,
etc. (such as earrings, necklaces, rings, bracelets, pendants, etc.).
Principal purchases:
Major
types of sourcing : Diamond
& other jewellery products
Local--type
of suppliers : Importers &
distributors
Buying
terms : Credit
of 30 to 60 days & local L/C
Overseas--supplying
countries : India, Thailand & SE
Asia
Buying
terms : L/C
Principal market:
Local--type
of customers : Retailers, the
commercial sector & walk-in customers
Selling
terms : Credit of 30
to 60 days & local L/C
Overseas--buying
countries : PR China
Selling
terms : L/C
SC is not known to have any subsidiary at
present.
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
Credit in the range of moderate amount can be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)