MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
FINE UNITED LTD |
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Registered Office : |
Unit 307, 3FL Guard Force Centre 3 Hok Yuen St East
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
April 29, 1998 |
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Com. Reg. No.: |
643293 |
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Legal Form : |
Private |
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Line of Business : |
Manufactures wide range of jewelry and gemstones. Sale and distribution to local and overseas 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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
FINE UNITED LTD
UNIT 307, 3FL GUARD FORCE CENTRE
3 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG KONG.
TEL : 852-23301663
FAX : 852-23301679
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 29, 1998
REGISTRATION NO. :
643293
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. JENNY LAU (MANAGER)
STAFF STRENGTH :
30
CAPITAL :
US$ 1,284
BUSINESS LINE :
MANUFACTURER
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 7.79643 = 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 Registration*
==================
(1)
License number : 643293
Date issued : 29 April,
1998
Issuing authority : Companies
Registry
Type of license : Corporate
license
(2)
License number : 21922388-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
license
*Office & Facilities*
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Other tel no : 23031900
*Capital Details*
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Authorized capital : HKD
10,000.00
Issued & paid-up capital : HKD 1,000.00 divided into 1,000 ordinary
shares of HKD 1.00/-each
*Charge*
=======
As per current company search, total amount of indebtedness of the
company in respect of all mortgages and charges which are required to be
registered with Companies Registry amounting to HKD 4,030,126.55.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Mr. Albert Chee-wing Lai can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: info@albertjew.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 ordinary shares : 1,000
Shareholders' Name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- ---------------------------- -------------------------------- ----------------
FINE UNITED HOLDING LTD 990 990.00 99.00
Albert Chee-wing Lai 10 10.00 1.00
*Directors' Details*
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Chun-ming Lee
Address : Flat 4, 14Fl
Kam Shing House Kam Tai Court Ma On Shan New Territories, Hong Kong
HKID number : K238117(6)
*Company Secretary*
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TREASURE CURRENT LTD
Address : Unit 1201 Ka Wah Bank Centre 232 Des Voeux Rd Central, Hong Kong
CVR no : 307612
Management: Mr. Michael Lau,
Assistant
Ms. Jenny Lau, Manager
Mr. Wing Chan, Officer
Name Nationality
Job Description Dept. / Division
Mr. Michael Lau Hong
Kong Assistant Administration
Ms. Jenny Lau Hong
Kong Manager Administration
Mr. Wing Chan Hong Kong Officer Administration
*Key Personnel*
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Albert Chee-wing Lai
Address : Flat B 36Fl
Ellery Terrace 38 Good Shepherd St Homantin Kowloon, Hong Kong
HKID number : C341666 (4)
Responsibility : Handles the
overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work:
1. Manufactures wide range of jewelry and gemstones.
2. Sale and distribution to local and overseas markets.
Products: Diamond
Fine jewelry
Gemstones
Gold
Imitation
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
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 3 OBTAINED SCORES :
50
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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.
Financial Summary (Currency: U.S. $'s)
=============================
Year Sales Assets Net Income
2006 $80,231.07 n/a n/a
SC is considered small-sized in its line with a development history of 9
years.
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
Exporting 5094 Jewelry/Watches/Precious
Mtl
Manufacturing 3873 Watches,
clocks, clockwork operated devices, and parts,
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Exporting 7102 Diamonds,
worked or not, not mounted or set
Exporting 7102100000 Diamonds, unsorted
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7113195000 Gold jewelry, goldsmiths wares and other gold articles
Exporting 7116201000 Jewelry of precious or semiprecious stones
Exporting 7117 Imitation
jewelry
Exporting 9114200000 Clock or watch jewels
Manufacturing 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Manufacturing 7102 Diamonds,
worked or not, not mounted or set
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Jewelry
Exporter Loose
diamonds
Exporter Precious
metals
Exporter Rings
Exporter Watches
Exporter Timepieces
Exporter Precious
stones
Exporter Pearl
Exporter Jewelry,
semi-precious stones
Manufacturer Imitation
jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to Middle East
Exporting to North America
Exporting to USA
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%)